Clearing Falcon is a new unlicensed MT5 Forex broker, that opened in September of 2020. The official website is: https://clearingfalcon.com/.
The website no longer works! Another scam broker disappears…
For complaints and withdrawal problems, read this.
Clearing Falcon Review
Our review of Clearing Falcon find that investors & day traders can use the industry leading MT5 trading app. They offer the full suite of MetaTrader trading software including; Metatrader 5 Desktop version along with the Mobile Apps for Android & iOS.
The broker is officially owned by a company called Clearing Falcon Group Limited, which lists an address of: Unit G25, Waterfront Studios, 1 Dock Road, London E16 1AH United Kingdom. No phone number is listed on their website, but they display a contact email address of: [email protected]. When we registered our trading account, the confirmation email came from: [email protected].
New investors at Clearing Falcon will find the standard range of underlying assets available for trading including: Forex, Stocks, Metals, Market Indexes, Crypto Currency and Oil. Clearing Falcon’s trading platform and website is available in either Chinese or English.
Fake Forex Traders
If you are like most new investors interested in making money in Forex trading, you probably have seen “money managers” flaunting their wealth on Instagram and Telegram.
Before following a Forex trader, you should know that most of these people are usually a fraud! They are setup as “Introducing Brokers”, and they are looking to profit from your trading volume. Look at the FCA regulated brokers, and you will see that none of them offer investment advice.
First educate yourself about how Forex trading works, and explore the “copy trading” features at regulated broker like AvaTrade.
Is Clearing Falcon a Good Broker?
When you check a new online broker to see if they are legitimate or a scam, the first thing to do is verify their license. Clearing Falcon is not a licensed or regulated broker. Apparently they solicit their clients via Whatsapp & Tinder messages, which led the FMA New Zealand to issue this warning on December 18th 2020.
All Forex, CFD & Crypto brokers must be licensed and regulated by your governments financial regulator. By using a licensed broker, you can be assured that they are regulated and operate in a fair manner and your money is in segregated bank accounts. It is very important for all investors to verify that the brokerage firm they are using, actually has a valid license.
If you are having problems making a withdrawal from your broker, read this.
Compare Popular Brokers
There are many so many licensed Forex brokers online to choose from, so first try a licensed one!
If you are currently investing with this broker, Please take a minute and share your experience in the comments below.