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The WikiFX Score of this broker is reduced because of too many complaints!

CLSA Premium

Hong Kong|2-5 years|
Financial Service Corporate|Suspicious Scope of Business|Hong Kong Leveraged foreign exchange trading Revoked|Suspicious Overrun|High potential risk|

https://www.clsapremium.com/

Website

Rating Index

Contact

+852 2600 7670
enquiry@clsapremium.com
https://www.clsapremium.com/
Suites 7501 & 7508, 75/F, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+852 2600 7670

Broker Information

More

Company Name

CLSA Premium Limited.

Company Abbreviation

CLSA Premium

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 8
Previous Detection : 2024-06-20
  • The number of the complaints received by WikiFX have reached 14 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • China Hong Kong SFC (license number: ALB893) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • New ZealandFSPR (license number: 488226) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • This broker exceeds the business scope regulated by New Zealand FSPR(license number: 488226)Financial Service Providers Register Non-Forex License. Please be aware of the risk!
  • This broker exceeds the business scope regulated by New Zealand FSPR(license number: 1762)Financial Service Providers Register Non-Forex License. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 226602) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

CLSA Premium · WikiFX Survey
Danger A Visit to CLSA Premium in New Zealand - No Office Found
New Zealand

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Expose

    CLSA Premium · Company Summary

    Registered Country/Region Hong Kong
    Regulation ASIC
    Minimum Deposit $0
    Maximum Leverage 1:200
    Minimum Spreads From 0.0 pips on the Premium and VIP account
    Trading Platform MT4 & MT5 trading platform
    Demo Account No
    Trading Assets Forex trading, Precious Metals trading, Commodities trading,share CFD trading and Credit Spead CFDs
    Payment Methods bank transfers, wire transfers
    Customer Support 7/24 customer support

    General Information & Regulation

    CLSA Premium Pty Limited (“CLSA Premium”) is registered in Australia at Grosvenor Place, Level 35, 225 George Street, Sydney NSW 2000, and holds an Australian Financial Services License issued by the Australian Securities and Investments Commission (AFSL No: 226602) to carry on a financial services business in Australia. CLSA Premium has other two entities in Hong Kong and New Zealand, respectively: CLSA Premium International (HK) Limited is under the regulation of SFC in Hong Kong, with regulatory license number ALB893, and CLSA PREMIUM NEW ZEALAND LIMITED regulated by FMA in New Zealand, with regulatory license number 1762. CLSA Premium provides only general advice and execution-only services. It does not accept applications from residents of Japan or the United States of America.

    Market Instruments

    Tradable financial instruments available on CLSA Premium platform are Forex trading, Precious Metals trading, Commodities trading,share CFD trading and Credit Spead CFDs.

    market-instruments

    Account Types

    There are three types of trading accounts on offer: Standard account, Premium Account, Pro Account.

    The Standard account is suitable for most regular traders, offering a commission-free trading environment, only spreads charged.

    The Premium account is designed for cost-conscious traders who would prefer commission-based trading, and the spreads are relatively tight.

    The Pro account is ideal for professional traders and experineced traders who rely on flexible trading conditions. There are less consumer protections for Pro account traders, as it requires being classified as a wholesale client.

    However, the minimum deposit requirement for each account is not disclosed.

    account-type

    Leverage

    The maximum leverage of forex products set by the Hong Kong subsidiary is 1:20. The Australian subsidiary's forex leverage is varying from 1:20 to 1:200, for precious metals up to 1:100, for commodities up to 1:20, and for index products varying from 1:10 to 1:50. The New Zealand subsidiary's forex leverage goes from 1:20 to 1:200, the leverage for gold price in US dollar is up to 1:200, for silver price in US dollar up to 1:100, for commodities up to 1:100, and for indices varying from 1:20 to 1: 50. The Hong Kong subsidiary sets up personal accounts and institutional accounts for investors. The Australian subsidiary sets up multi-currency accounts (standard accounts) for users and traders can choose US dollars, Australian dollars, New Zealand dollars. or Japanese yen as the base currency, and the corresponding account types are US dollar accounts, New Zealand dollar account, Australian dollar account, and Japanese yen account.

    Spreads & Commissions

    CLSA Premium lists detailed spread informtion on its website, minimum spread and average spread both included. The spread on EURUSD is around 0.9 pips, GBPUSD 1.2 pips, average spreadon XAUUSD around 2.9 pips, spread on XAGUSD around 10.70 pips.

    Spreads and commissions are also determined by trading accounts. The Standard account provides spreads from 0.6 pips, with no additional commission charged. The Premium account offers extremely competitive spreads from 0.0 pips, with a commission from AUD$3.00 per side on a standard contract. The Pro account also provides narrow spreads from 0.0 pips, and commissions on Share CFDs from AUD$7 (US Shares CFDs from US$10).

    image.png

    Swap Charges

    When traders hold a Position or Positions overnight in a Margin FX Contract or CFD (other than an Excepted Contract) they will be rolled to the next Trading Day, which will result in you paying a Swap Charge or receiving a Swap Benefit. The amount is determined by us and depends on factors including Swap Rate, being the rates at which traders receive or pay interest on Positions that remain open overnight.

    Trading Platforms

    CLSA Premium uses the MT5 trading platform, which has a variety of professional technical analysis indicators, convenient and fast execution. Through the MT5 trading platform, investors can query real-time prices, trend charts, expert comments anytime and anywhere in the world. Investors keep abreast of the global financial market and stay one step ahead of the fast-changing market competition. Users can log in to the trading platform anytime and anywhere to view account and transaction-related information 24/7. The platform supports desktop, mobile iOS, and mobile Android versions.

    Deposit & Withdrawal

    Theere is no minimum deposit requirement to open an account with CLSA Premium, and this broker allows its clients to make a deposit and withdrawal via bank transfers, wire transfers, and deposits will usually reach the traders' trading account within one working day. Bank transfers/wire transfers, intermediary banks, or remittance banks may charge additional transfer fees, and the specific amount needs inquiring the bank, no fees charged by the company.

    Educttional Resources

    An educational resource center is provided to help traders who are just starting out to acquaint themselves with forex trading quickly, which include Trading Strategy Sharing, Weekly Market Highlight.

    Customer Support

    Clients with any inquiries or trading-related issues can get in touch with CLSA Premium thorugh the following contact channels:

    Telephone: +61 2 8880 5588

    Email: services.au@clsapremium.com

    Or you can also follow this broker on some social media platforms, such as Facebook, Linkedin, Twitter, and Instagram.

    Trading Hours

    24 hours non-stop services from Monday system time 01:01 (GMT+3) to Friday system time 23:50 (GMT+3). Daylight saving hours apply.

    Pros & Cons

    Pros Cons
    ASIC-regulated Limited payment methods
    Wide product portfolios Only three supporting languages
    No minimum deposit requirements
    Three types of trading accounts available
    Both MT4 & MT5 supported
    7/24 customer suppport

    Frequently Asked Questions

    Is there a minimum deposit required to open an trading account with CLSA Premium?

    There is no minimum deposit to open an account with CLSA Premium.

    Is CLSA Premium a regulated broker?

    CLSA Premium is authorized and regulated by the ASIC in Australia under regulatory license number: 226602.

    What base currency can I use to fund my account with?

    You can choose to set up and fund your trading account with either AUD or USD.

    What the maximum trading leverage offered by CLSA Premium?

    The maximum trading leverage offered by CLSA Premium is up to 1:200.

    What trading platform offered by CLSA Premium?

    CLSA Premium offers both MT4 and MT5 trading platform.

    News

    CLSA Premium Ltd Shifts Focus to Flourishing Healthcare Business, Suspends Margin Dealing Operation

    NewsCLSA Premium Ltd Shifts Focus to Flourishing Healthcare Business, Suspends Margin Dealing Operation

    2023-05-15 10:22

    Hong Kong-based brokerage firm CLSA Premium Ltd is suspending its margin dealing operations to focus on its healthcare business. The firm's traditional operations have been underperforming, while its recent foray into healthcare has shown promising results, leading to a strategic shift in focus.

    WikiFX
    2023-05-15 10:22
    News
    CLSA Premium Ltd Shifts Focus to Flourishing Healthcare Business, Suspends Margin Dealing Operation
    CLSA Premium Ltd Faces Trading Suspension on Hong Kong Stock Exchange

    NewsCLSA Premium Ltd Faces Trading Suspension on Hong Kong Stock Exchange

    2023-04-26 10:45

    CLSA Premium Ltd, a Hong Kong-based Forex broker, announced the suspension of trading in its shares on the Hong Kong Stock Exchange due to insufficient operations and assets. The Board opted not to pursue a review, and the suspension remains in effect. The company has struggled since 2019, with diminishing profitability and operational scale.

    WikiFX
    2023-04-26 10:45
    News
    CLSA Premium Ltd Faces Trading Suspension on Hong Kong Stock Exchange
    CLSA Premium Receives Notification From The HK Stock Exchange Regarding The Suspension Of Its Shares

    NewsCLSA Premium Receives Notification From The HK Stock Exchange Regarding The Suspension Of Its Shares

    2023-01-23 09:46

    Hong Kong-centric CLSA Premium Ltd, formerly known as KVB Kunlun, announced today that it has received a letter from the Stock Exchange informing it of its decision that the company has failed to maintain a sufficient level of operations and assets of sufficient value as required by Rule 13.24.

    WikiFX
    2023-01-23 09:46
    News
    CLSA Premium Receives Notification From The HK Stock Exchange Regarding The Suspension Of Its Shares
    CLSA Premium Ltd, a Forex Broker, Has Entered Into A Strategic Partnership With TRT International

    NewsCLSA Premium Ltd, a Forex Broker, Has Entered Into A Strategic Partnership With TRT International

    2022-11-21 15:44

    CLSA Premium Ltd (HKG:6877), formerly KVB Kunlun, and Beijing Tong Ren Tang (Cayman) Limited (TRT International), a forex broker, have signed a strategic partnership agreement to expand healthcare businesses (including Chinese medicine).

    WikiFX
    2022-11-21 15:44
    News
    CLSA Premium Ltd, a Forex Broker, Has Entered Into A Strategic Partnership With TRT International

    User Reviews

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    User comment

    4

    Comments

    Write a review

    FX1276889395
    more than one year
    I encountered a little problem when browsing the website before, so I asked the online customer service. They responded quickly, but kept sending messages to harass me and urge me to deposit. It was scary and I felt disturbed.
    2023-02-28 14:09
    Reply
    0
    0
    爱亲母婴
    more than one year
    Totally a scam company. They rejected my withdrawal request for various reasons. Never trade with CLSA.
    2022-11-23 10:06
    Reply
    0
    0
    長谷川 一行
    more than one year
    This CLSA Premium platform is just a fraud platform, they cheated me once, and I lost $500, not a heavy loss, but I wanna say that this broker is dangerous and you should stay away. You would be astonished by its high slippage, and do not jump into its trap, even it says only low deposit is required…
    2022-11-18 11:59
    Reply
    0
    0
    毕正乾
    more than one year
    PLEASE DONOT DEPOSIT SINGLE PENNY IN THIS COMPANY U WONT GET BACK UR MONEY ATALL.
    2022-11-15 16:22
    Reply
    0
    0
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