ClearSave is an unlicensed Forex & Crypto CFD Broker, that opened on June 26, 2020. They are no longer in business!
For withdrawal problems and complaints, read more here.
Fake News Articles
Most people end up at an offshore broker because they signed up for trading app like Bitcoin Rush. Bitcoin trading apps are promoted via email spammers and fake news websites. You should spend a minute, and learn in detail, how the Crypto Investment Scams operate, see the article.
Before investing your money in an automated trading app, just know that 99% of people lose their money that way! Instead, educate yourself about day trading and use a licensed broker, which offers free trading signals, look here.
ClearSave Review
ClearSave gives their day traders and investors, a basic web-based trading platform called PumaTS. The CFD platform offers you trading on many underlying assets of Crypto, Forex, Stocks, Commodity and Market Indices.
Professional traders looking for the industry standard MT4 or MT5 will not find them with this broker. Mobile trading apps are also not available. The trading platform offered, is very confusing as it makes no mention of leverage / margin rates. Seven types of trading accounts are offered at this broker, and the minimum deposit starts at $250. Also offered is “savings” accounts which they claim gives a guaranteed 5% – 25% a month. Beware!
ClearSave is a bitcoin based broker, meaning you will need to transfer your money into bitcoin and then send it to their platform to trade. When depositing with Bitcoin, you lose all protection that your credit card company offers you for fraudulent charges.
Is ClearSave a Licensed Broker?
No, ClearSave is not a licensed broker. For complaints or problems making a withdrawal you should read this article.
This broker is owned & operated by: Lagoon Technologies Ltd, 25813 BC 2020. They are located at: Suite 305, Griffith Corporate Centre 1510, Beachmont, Kingstown, St. Vincent and Grenadines. A phone number in the Netherlands +31203699551 is listed on their website. Customer support email address is: [email protected], and the Official website is at: https://clearsave.io/.
ClearSave is actually just a new name for the old broker called BlueSave. After receiving a warning from the FCA in England (see here), they changed their name. On September 24th 2020, the FCA warned investors to not use this broker, read more.
All CFD brokers must be licensed and regulated by your governments financial regulator.
Scam Broker Investigator uses a quick and easy method to determine if a Crypto broker is legitimate or a potential scam. We check to see if they are licensed by the main government financial regulators, for example: FSCA South Africa, FCA United Kingdom or ASIC Australia.
Compare Your Broker
There are many Crypto and Forex CFD brokers to choose from online, therefore, you should first look at some popular licensed brokers.
If you are already investing with ClearSave broker, please share your experience with other people reading this review.