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CLOVER MARKETS FX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://crm.clovermarketsfx.com/register, about the company's legal and temporary regulatory information, the company's address .

CLOVER MARKETS FX Forex Broker

Basic Information

Registered Region
Thailand
Operating Period
--
Company Name
CLOVER MARKETS FX
Abbreviation
CLOVER MARKETS FX
Company employee
--
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Aspect Information Registered Country Thailand Founded Year 2-5 years Company Name Clover Markets FX Regulation No Regulation Minimum Deposit Not specified Maximum Leverage Not specified Promotions Deposit bonus up to $500 Trading Platforms MetaTrader 5 (MT5) Tradable Assets Over 200 trading instruments (details not provided) Account Types Not specified Customer Support Email: support@clovermarketsfx.com<br>Phone: +66-2126-8054<br>Social media presence (Facebook, Twitter, YouTube, Instagram, Line) Payment Methods Credit/debit cards, bank wire transfers General Information CLOVER MARKETS FX is a broker operating without valid regulation, which raises concerns about the lack of oversight and accountability from reputable financial authorities. Engaging with an unregulated entity like CLOVER MARKETS FX poses potential risks, such as fraud, scams, or inadequate protection for your investments. It is advisable to prioritize regulated brokers that offer a higher level of security and transparency to safeguard your financial interests. CLOVER MARKETS FX claims to provide a range of market instruments for online trading, but specific details about these asset classes are not disclosed. This lack of information makes it difficult to assess the diversity and comprehensiveness of their offerings. Without a clear understanding of the available trading options, it becomes challenging to evaluate the suitability of CLOVER MARKETS FX for specific trading strategies or investment preferences. While CLOVER MARKETS FX offers the widely recognized MetaTrader 5 (MT5) trading platform, which is accessible across various devices, it is important to approach this broker with caution. There have been reports of withdrawal delays, and customers who have signed the Managed Account Agreement (MAA) have granted significant control over their accounts to the broker. These factors should be carefully considered before deciding to deposit or withdraw funds with CLOVER MARKETS FX. Pros and Cons CLOVER MARKETS FX comes with several pros and cons that potential traders should consider. On the positive side, the broker offers a wide range of over 200 trading instruments, allowing for diversified investment opportunities. They also provide a promotional deposit bonus, which can be advantageous for traders looking to increase their capital. CLOVER MARKETS FX utilizes the popular MetaTrader 5 platform, known for its functionality. Additionally, the broker offers customer support through various channels, ensuring assistance is available when needed. Positive feedback from users on WikiFX indicates satisfactory experiences with the broker. However, it's important to be aware of the cons as well. CLOVER MARKETS FX lacks regulation, which can raise concerns about the oversight and security of investments. There have been reports of withdrawal delays, indicating potential issues with accessing funds. The broker also lacks transparency regarding market instruments, account types, spreads, and leverage, which can make it difficult for traders to make informed decisions. Additionally, there is a lack of specified trading tools and educational resources, which may limit the support available to traders. Pros Cons Offers over 200 trading instruments Lack of regulation Promotional deposit bonus available Reports of withdrawal delays Uses the widely recognized MetaTrader 5 platform Lack of information on account types Provides customer support through various channels Lack of transparency regarding market instruments Positive feedback from users on WikiFX Lack of information on spreads and leverage No Trading tools and reductional resources specified Is CLOVER MARKETS FX Legit? CLOVER MARKETS FX, unfortunately, operates without any valid regulation. This means that the broker lacks oversight and accountability from reputable financial authorities. It is crucial to understand the associated risks before engaging with such an unregulated entity. Investors should exercise extreme caution when considering their options, as the absence of regulation can lead to potential fraud, scams, or inadequate protection for your investments. It is strongly advised to prioritize regulated brokers that offer a higher level of security and transparency to safeguard your financial interests. Market Instruments CLOVER MARKETS FX provides a range of market instruments for online trading. They claim to offer over 200 trading instruments, covering various asset classes in financial markets. However, specific details about these asset classes are not disclosed, making it difficult to assess the diversity and comprehensiveness of their offerings. Without further information, it is challenging to evaluate the suitability of CLOVER MARKETS FX for specific trading strategies or investment preferences. Pros Cons Offers over 200 trading instruments Specific details about asset classes are not disclosed Covers various asset classes in financial markets Difficulty in assessing the diversity and comprehensiveness of offerings Challenging to evaluate suitability for specific trading strategies Trading Platform Available When it comes to trading platforms available,CLOVER MARKETS FX gives traders the worlds most trusted and popular MetaTrader5 platform, available on all devices including desktop, the Web and mobile terminals like iOS and Android. MT5 is known as one of the most successful, efficient, and competent forex trading software, allowing traders to execute trades on different financial markets through a single account and there is a hedging option. While with the MT5 mobile app, trading can be done from anywhere and at any time through the right mobile terminals. Promotions CloverMarketsfx presents a promotional opportunity for new clients to benefit from a deposit bonus. By registering on their website, opening a trading account, and making a deposit, participants can receive up to $500 in bonus credit. This bonus provides an additional 25% on the deposited amount, enabling traders to have more capital for their transactions. Engaging with this limited-time offer could potentially enhance trading opportunities and contribute to the potential success of participants. Deposit & Withdrawal CLOVER MARKETS FX offers deposit and withdrawal options through credit/debit cards and bank wire transfers. While these methods are available, it is important to be cautious when dealing with this broker. There have been reports of withdrawal delays, which can be concerning for traders. It is worth noting that if withdrawals are delayed for a period of six months, it may become impossible to file a chargeback. Additionally, if you have signed the Managed Account Agreement (MAA), you have granted the broker significant control over your account, allowing them to take actions as they see fit. These factors should be carefully considered before deciding to deposit or withdraw funds with CLOVER MARKETS FX. Pros Cons Multiple deposit and withdrawal options Reports of withdrawal delays Availability of credit/debit card options Risk of not being able to file a chargeback if withdrawals are delayed for six months Bank wire transfers as a payment option Granting significant control to the broker through the Managed Account Agreement (MAA) Customer Support CLOVER MARKETS FX provides customer support through various channels. For general inquiries or assistance, customers can reach out to their support team via email at support@clovermarketsfx.com. Additionally, customers have the option to contact the Thailand office of CLOVER MARKET CO., LTD, located at 63 Athenee Tower, 23rd floor, Wireless Road, Lumpini Sub-district, Pathum Wan District, Bangkok. The office can be reached by phone at +66-2126-8054. CLOVER MARKETS FX also maintains a presence on social media platforms such as Facebook, Twitter, YouTube, Instagram, and Line, enabling customers to connect and potentially seek support through these channels. Reviews According to reviews on WikiFX, CloverMarketsfx has received positive feedback from users. Customers have mentioned fast withdrawal of deposit funds, quick customer support response times, and satisfactory trading conditions. Users appreciate the service provided by the Thai support team and have expressed satisfaction with the overall trading experience. One reviewer even credited their profit to the expertise of their account manager. These reviews highlight the positive experiences of customers with CloverMarketsfx. Conclusion In conclusion, CLOVER MARKETS FX operates without regulation, which poses significant risks for investors. The absence of oversight and accountability from reputable financial authorities increases the potential for fraud, scams, and inadequate protection of investments. While CLOVER MARKETS FX claims to offer a wide range of market instruments, the lack of specific details makes it difficult to assess the comprehensiveness and suitability of their offerings. Traders should exercise caution when considering this broker and prioritize regulated alternatives that provide a higher level of security and transparency. It is also important to note potential withdrawal delays and the implications of granting the broker significant control over the account. While CLOVER MARKETS FX offers the popular MetaTrader 5 trading platform and provides customer support through various channels, these factors should be carefully weighed against the risks associated with the lack of regulation. FAQs Q: Is CLOVER MARKETS FX a regulated broker? A: No, CLOVER MARKETS FX operates without any valid regulation, posing risks and lacking oversight from reputable financial authorities. Q: What market instruments does CLOVER MARKETS FX offer? A: CLOVER MARKETS FX claims to offer over 200 trading instruments covering various asset classes, but specific details are undisclosed, making it difficult to assess the comprehensiveness of their offerings. Q: Are there any promotions available with CLOVER MARKETS FX? A: Yes, CLOVER MARKETS FX provides a deposit bonus promotion where new clients can receive up to $500 in bonus credit, enhancing trading opportunities. Q: What deposit and withdrawal options are available with CLOVER MARKETS FX? A: CLOVER MARKETS FX offers deposit and withdrawal options through credit/debit cards and bank wire transfers, but there have been reports of withdrawal delays and potential restrictions. Q: What trading platform does CLOVER MARKETS FX offer? A: CLOVER MARKETS FX offers the widely recognized MetaTrader 5 (MT5) trading platform, accessible on various devices. Q: How can I contact customer support at CLOVER MARKETS FX? A: Customer support at CLOVER MARKETS FX can be reached through email, phone, and their Thailand office. They also have a presence on social media platforms for potential support. Q: What do the reviews say about CLOVER MARKETS FX? A: According to reviews on WikiFX, customers have expressed positive feedback about CLOVER MARKETS FX, including fast withdrawal, responsive customer support, and satisfactory trading conditions.

Rating Index

How to login to CLOVER MARKETS FX?
Clover Markets FX Complete Account Guide: Registration, Account Opening, and Login Processes Clover Markets FX is a trading platform that provides access to various financial markets through a user-friendly interface. This comprehensive guide will walk you through the processes of registration, acco

  

Clover Markets FX Broker - Complete Information Guide

  

1. Broker Overview

  Clover Markets FX, established in 2020, is a trading brokerage that operates without regulatory oversight, raising significant concerns about its legitimacy and safety for investors. The company claims to be registered in Thailand, with its main office located at 63 Athenee Tower, 23rd Floor, Wireless Road, Lumpini Sub-District, Pathum Wan District, Bangkok. Despite these claims, investigations reveal that Clover Markets FX is not listed in the local commercial register, indicating that it might not exist as a legitimate business entity.

  As a private entity, Clover Markets FX primarily serves retail traders, offering a range of trading instruments across various asset classes. The broker positions itself as a provider of online trading services, targeting clients from different regions, including Thailand, the United States, the United Kingdom, and South Africa. Since its inception, Clover Markets FX has sought to attract investors through aggressive marketing strategies, often utilizing social media platforms for promotion.

  However, the lack of a valid operational history and regulatory compliance raises red flags about the broker's reliability. The absence of oversight from financial authorities means that clients' funds may not be secure, and there is no recourse for investors in case of disputes or financial losses. This situation highlights the importance of conducting thorough due diligence before engaging with unregulated brokers like Clover Markets FX.

  In summary, Clover Markets FX operates as an unregulated trading broker, raising concerns about investor safety and the legitimacy of its operations. As such, potential clients should exercise caution and consider the risks associated with trading through an entity lacking regulatory oversight.

  

2. Regulatory and Compliance Information

  Clover Markets FX operates without any valid regulatory licenses, which poses significant risks to its clients. The broker claims to be a brand of Clover Market Co. Ltd, registered in Thailand. However, upon verification, it was found that this company does not exist in the local commercial register, indicating that Clover Markets FX is operating illegally.

  Key regulatory aspects include:

  • Main Regulatory Authorities: There are no known regulatory authorities overseeing Clover Markets FX.
  • Regulatory License Numbers: None available, as the broker lacks regulatory approval.
  • License Validity and Scope: The absence of a regulatory license means there are no legal parameters governing its operations.
  • Legal Entities in Different Regions: Clover Markets FX does not have any recognized legal entities in various jurisdictions.
  • Client Fund Segregation Policies: There is no information available regarding the segregation of client funds, which raises concerns about the safety of investors' deposits.
  • Investor Compensation Fund Participation: Clover Markets FX does not participate in any investor compensation schemes, leaving clients vulnerable to losses.
  • KYC and AML Compliance Measures: The broker does not provide detailed information on its compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

  Due to these factors, it is highly advisable for potential clients to avoid engaging with Clover Markets FX, as the lack of regulatory oversight significantly increases the risk of fraud and financial loss.

  

3. Trading Products and Services

  Clover Markets FX offers a variety of trading products, but the lack of transparency regarding specific details makes it challenging for potential clients to assess its offerings. The broker claims to provide access to over 200 trading instruments, which include:

  • Forex Currency Pairs: While the exact number is not specified, the broker advertises a range of forex pairs for trading.
  • CFD Products: Clover Markets FX purportedly offers contracts for difference (CFDs) on various asset classes, including:
  • Indices
  • Commodities
  • Shares
  • Cryptocurrencies (although specifics are unclear)

  The absence of detailed information regarding the types of CFDs available raises concerns about the broker's transparency and reliability. Additionally, there are no clear indications of how frequently the product offerings are updated or if new instruments are regularly introduced.

  For retail traders, Clover Markets FX positions itself as a platform for online trading, while institutional clients may find limited services available. There is no mention of white-label solutions or asset management services, which could further enhance the broker's appeal to professional traders.

  In conclusion, while Clover Markets FX claims to offer a diverse range of trading products, the lack of specific information and transparency makes it difficult for traders to make informed decisions regarding their trading strategies.

  

4. Trading Platform and Technology

  Clover Markets FX claims to utilize the widely recognized MetaTrader 5 (MT5) platform, which is known for its advanced trading capabilities. However, potential clients should approach this claim with caution, as the broker does not provide functional links to access the platform directly from its website. This lack of accessibility raises doubts about whether the MT5 platform is genuinely offered or if it is merely a marketing tactic.

  Key aspects of the trading platform include:

  • MetaTrader 4/5 Support: Clover Markets FX claims to support MT5, but there is no confirmation of its functionality or availability.
  • Proprietary Platform: There is no mention of a proprietary trading platform, which suggests that MT5 may be the only option provided.
  • Web-Based Trading Platform: No details are available regarding a web-based trading platform, limiting accessibility for traders who prefer browser-based solutions.
  • Mobile Applications: The broker advertises mobile apps for iOS and Android devices, but access to these applications could not be verified.
  • Execution Models: Clover Markets FX does not specify its execution model (e.g., ECN, STP, Market Making), adding to the uncertainty surrounding its trading environment.
  • Server Locations and Technical Infrastructure: The broker's server location is reportedly in Singapore, but further details on its technical infrastructure are not disclosed.
  • API Access and Automated Trading Support: There is no information available regarding API access or support for automated trading strategies.

  In summary, while Clover Markets FX claims to offer a robust trading platform, the lack of transparency and accessible information creates uncertainty for potential clients. Traders should thoroughly investigate these claims before committing to the broker.

  

5. Account Types and Trading Conditions

  Clover Markets FX does not provide clear information regarding its account types or trading conditions, which is a significant concern for potential clients. The broker's offerings appear to lack structure, making it difficult for traders to choose an account that suits their needs.

  Key account features include:

  • Standard Account Conditions: There is no specified minimum deposit requirement, spreads, or commissions associated with trading accounts.
  • Advanced Account Types: The broker does not mention any advanced account types such as VIP or professional accounts.
  • Special Accounts: There is no indication of the availability of Islamic accounts or corporate accounts.
  • Demo Account Policy: Clover Markets FX does not offer a risk-free demo account, which is a standard feature among reputable brokers.
  • Leverage Ratios: The broker does not disclose leverage ratios, leaving potential clients uncertain about their trading capacities.
  • Minimum Trade Sizes: Information regarding the minimum trade sizes is not provided, which may hinder traders from executing their desired strategies.
  • Overnight Fees Policy: There is no transparency regarding overnight fees or swap rates, further complicating the decision-making process for traders.

  Overall, the lack of clarity around account types and trading conditions at Clover Markets FX raises significant concerns about the broker's professionalism and reliability.

  

6. Fund Management

  Clover Markets FX provides limited information regarding its fund management practices, which is essential for prospective traders. The broker supports various deposit and withdrawal methods, but the specifics remain unclear.

  Key points include:

  • Supported Deposit Methods: Clover Markets FX accepts deposits via bank transfers, credit/debit cards, and potentially electronic wallets, although specific details are not provided.
  • Minimum Deposit Requirements: There is no information available regarding minimum deposit thresholds for different account types.
  • Deposit Processing Times: The broker does not specify how long it takes to process deposits, which can be a crucial factor for traders.
  • Deposit Fees: Information about any applicable deposit fees is also missing.
  • Withdrawal Methods and Restrictions: While the broker offers withdrawal options, the details on how withdrawals are processed and any potential restrictions are not disclosed.
  • Withdrawal Processing Times: There are reports of withdrawal delays, which can be concerning for clients looking to access their funds promptly.
  • Withdrawal Fees Structure: The absence of a clear fee structure for withdrawals raises additional concerns about the overall transparency of Clover Markets FX.

  In summary, the lack of detailed information on fund management practices at Clover Markets FX makes it difficult for traders to assess the safety and efficiency of their financial transactions with the broker.

  

7. Customer Support and Educational Resources

  Clover Markets FX offers several channels for customer support, but the effectiveness and accessibility of these services remain questionable.

  Key aspects of customer support include:

  • Support Channels: Clients can reach out to the support team via email, phone, and social media platforms. However, there is no online chat feature, which limits immediate assistance options.
  • Service Hours and Time Zone Coverage: The broker does not specify its customer service hours, creating uncertainty for clients needing support.
  • Multilingual Support: There is no information regarding the languages supported by the customer service team, which may hinder communication for non-English speaking clients.
  • Educational Resources: Clover Markets FX does not appear to offer robust educational resources, such as webinars, tutorials, or e-books, which are vital for trader development.
  • Market Analysis Services: The broker does not provide daily market analysis, news, or research reports, limiting traders' access to critical information.
  • Trading Tools: There is no mention of trading tools such as calculators, calendars, or signal services that could assist traders in their decision-making processes.

  Overall, the lack of comprehensive customer support and educational resources at Clover Markets FX raises concerns about the broker's commitment to client satisfaction and trader development.

  

8. Regional Coverage and Restrictions

  Clover Markets FX claims to serve a global client base, but the lack of regulatory compliance limits its operations in several jurisdictions.

  Key points include:

  • Main Service Markets: The broker primarily targets clients in Thailand, the United States, the United Kingdom, and South Africa.
  • Regional Office Distribution: Clover Markets FX operates from its main office in Thailand, with no additional regional offices reported.
  • Countries/Regions Not Accepted: Due to its unregulated status, Clover Markets FX likely does not accept clients from countries with strict financial regulations, including those in the European Union and Australia.
  • Special Restrictions: The absence of a valid regulatory license means that the broker may face legal challenges in various jurisdictions, further limiting its market presence.

  In conclusion, Clover Markets FX operates in a highly restricted environment due to its lack of regulatory compliance, posing significant risks for potential clients in various regions.

  In summary, Clover Markets FX presents numerous concerns for potential investors, primarily due to its lack of regulation, transparency, and comprehensive service offerings. Prospective traders should exercise extreme caution and consider the risks associated with trading through an unregulated broker like Clover Markets FX.

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Latest Reviews

namnorth

namnorth

Thailand

I personally use it and have no problems. Withdrawal of deposit money is fast support responds very quickly, seems like I haven't slept, I haven't slept waiting to answer the customer, hahahaha The spread is okay, 10/10, if there are any drawbacks, I'll come back for a new review.

Positive

2023-01-14

TP.

TP.

Thailand

support clover markets. There are Thai people waiting to take care of the service. Answer Line very quickly. Very good customer care, fast deposit, quick withdrawal, never had a problem.

Positive

2022-12-29

Kung647

Kung647

Thailand

Normal trading, taking care of everything No problem. I like it very much.

Positive

2022-12-29

CLOVER MARKETS FX Forex Broker has an overall rating of 1.50, Regulatory Index 0.00, License Index 0.00, Business Index 6.96, Software Index 4.00 Risk Control Index 0.00.
CLOVER MARKETS FX