Corrida Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Business
License
VFSC Revoked 
They scammed over 50000 people, over 3 billion RMB. Their boss is missing. I’ve called the police. Some people suicided. They promised us they would let us withdraw within 22 days and a 10% profit. It’s been 3 months. I can’t even log in.
Summary: The Corrida forex broker has garnered mixed reviews, with a significant emphasis on its lack of regulation and user concerns regarding withdrawals. While some users appreciate the low minimum deposit and trading flexibility, the overall sentiment leans towards caution due to potential risks associated with unregulated trading environments.
Note: Its essential to recognize that different entities operating under the name "Corrida" may present varying levels of service and regulatory oversight. This review aims to provide a fair and accurate assessment based on available data.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
We rate brokers based on user feedback, expert analysis, and available features.
Founded in 2007, Corrida operates as an online forex broker primarily targeting retail traders. It offers a proprietary trading platform, which is accessible via web browsers but lacks the popular MT4 or MT5 platforms. The broker provides access to a variety of asset classes, including forex pairs and binary options. However, it is important to note that Corrida is not regulated by any major financial authority, raising concerns about its trustworthiness and operational integrity.
Corrida is primarily active in regions without stringent regulatory oversight, which poses a risk to traders. The absence of regulation means that traders may not have the same protections that come with brokers regulated by authorities like the FCA or ASIC. This lack of oversight has led to numerous complaints regarding withdrawal issues and transparency.
Traders can fund their accounts using various methods, including credit cards and bank transfers. The minimum deposit requirement is notably low, often cited as $1, making it accessible for new traders. However, the lack of clarity on withdrawal processes has been a common complaint among users, with many reporting difficulties in retrieving their funds.
Corrida offers promotional bonuses, including a welcome bonus that cannot be withdrawn but can be utilized for trading purposes. This practice is common among many brokers but can sometimes lead to complications when attempting to withdraw profits, as terms and conditions may restrict access to bonus funds.
The broker provides a limited selection of tradable assets, primarily focusing on forex pairs and binary options. This may appeal to certain traders, but the lack of diversity in asset classes can be a drawback for those looking to explore different markets.
Corrida does not charge traditional spreads or commissions on trades; instead, it operates on a model that may involve hidden fees in the form of payout deductions on binary options. This lack of transparency regarding costs can lead to unexpected expenses for traders, further complicating their trading experience.
The leverage offered by Corrida is competitive, allowing traders to amplify their positions. However, high leverage can increase the risk of significant losses, particularly for inexperienced traders. It's crucial for potential users to understand the risks associated with leveraged trading.
While Corrida does not provide access to popular trading platforms like MT4 or MT5, it does offer a proprietary web-based platform. This platform is designed for ease of use but lacks some advanced features and tools available in more established platforms, which may deter experienced traders.
Corrida does not accept clients from several high-regulation jurisdictions, including the United States. This limitation may be a red flag for some traders, indicating that the broker may not meet the standards required by regulatory bodies in those regions.
Customer support is available in multiple languages, including English and Russian. However, the quality and responsiveness of customer support have been inconsistent according to user feedback, with some traders experiencing delays in obtaining assistance.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
In conclusion, while Corrida may appeal to novice traders due to its low minimum deposit and accessible trading environment, the lack of regulation and reported issues with withdrawals warrant caution. Prospective traders should carefully weigh these factors before deciding to engage with this broker.
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