C&L Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Business
License
ASIC Suspicious Clone 
I applied for a withdrawal it hasn’t arrived until now. The first was a $297 one, which was approved, but I’m not receiving my money. Later I applied for a $1000 one, which is auditing all the time. The service replied me on March 13th, saying, “Hello, we are processing you request. Please be patient.”. It shouldn’t have taken such a long time.
In the evolving landscape of forex trading, CL brokerage has garnered attention, but not all of it is positive. User experiences indicate significant dissatisfaction, with many labeling the broker as a scam. Key features include limited regulatory oversight and concerns about withdrawal practices. This review aims to provide a comprehensive overview of CL, highlighting both user feedback and expert opinions.
Note: It is essential to recognize that CL may refer to different entities across regions, which impacts the evaluation of its services. This review incorporates a variety of sources to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 2 |
| User Experience | 3 |
How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and factual data regarding services offered.
Founded in 2013, CL brokerage operates under various names and entities, often leading to confusion among potential users. The broker primarily utilizes the popular MetaTrader 4 (MT4) platform, offering access to a range of assets, including forex and cryptocurrencies. However, a critical point of concern is the lack of robust regulatory oversight, as it is often categorized as a suspicious clone by various financial watchdogs.
CL brokerage is not regulated by any top-tier financial authorities, which raises concerns about its operational legitimacy. Many reviews label it as a scam, with warnings issued by entities like the FCA and ASIC regarding its practices. Users have reported issues with blocked withdrawals and unresponsive customer service, further complicating the trustworthiness of the broker.
The broker offers various payment methods, including credit/debit cards and bank transfers. However, user reviews indicate significant delays in processing withdrawals, which is a critical red flag for any trader.
The minimum deposit requirement varies across different entities under the CL umbrella but generally starts around $100. This is relatively standard in the industry; however, the associated risks with this broker may outweigh the low entry barrier.
CL brokerage does not appear to offer any significant bonuses or promotions, which is not uncommon for brokers facing scrutiny. The lack of incentives may deter potential clients who are looking for added value.
Traders can access a limited range of asset classes, primarily focusing on forex pairs and a few cryptocurrencies. This narrow selection may not meet the needs of traders looking for diversified investment opportunities.
User reviews indicate that spreads can be high, and there are hidden fees associated with trading. This lack of transparency can lead to unexpected costs, making trading less profitable than anticipated.
CL brokerage offers leverage up to 1:500, which is attractive for traders looking to maximize their trading potential. However, high leverage also increases the risk of significant losses, particularly for inexperienced traders.
The broker primarily supports the MetaTrader 4 platform, which is well-regarded in the trading community. However, the overall trading experience is marred by the broker's operational issues.
CL brokerage does not accept clients from several countries, including the United States and Australia, which limits its accessibility to a global audience.
Customer service appears to be a significant issue, with many users reporting unresponsive support. The primary language for support is English, but the lack of effective communication has been a common complaint.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 2 |
| User Experience | 3 |
The account conditions offered by CL brokerage are subpar, with many users expressing frustration over hidden fees and unclear terms. According to Sitejabber, users have described their experiences as “scam” related, indicating a lack of transparency.
While the MT4 platform provides various tools for trading, CL brokerage lacks the additional resources that many competitors offer. Users have noted that the educational materials are minimal, making it challenging for new traders to get started effectively.
Customer service is one of the most significant pain points for CL brokerage. Many users have reported long response times and unhelpful support, leading to a sense of frustration and distrust.
The trading setup, while based on a reputable platform, is hindered by the broker's operational issues. Users have reported difficulties in executing trades, particularly during high volatility periods.
Given the numerous warnings and negative reviews, the trustworthiness of CL brokerage is severely compromised. Many users advise against investing with this broker due to the significant risks involved.
Overall user experience has been marred by operational inefficiencies and poor customer service. Many traders have expressed their regret over choosing CL brokerage, highlighting the importance of thorough research before engaging with any broker.
In conclusion, the CL 2025 review paints a concerning picture of a broker that may not meet the expectations of traders seeking a reliable and supportive trading environment. Potential users should exercise caution and consider the risks associated with this broker before making any commitments.
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