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Is CLICKFXM a scam?
Subhajeet Darvall
Lithuania
2024-05-28
ANSWER Regrettably, CLICKFXM appears to be a scam. We've received reports from several users experiencing difficulties when trying to access CLICKFXM's website, which raises a significant red flag. Our records indicate that CLICKFXM claims to be registered with the Companies House (CH), a registry that does not have the authority to license or regulate the financial market. In the UK, nearly all individuals or firms providing financial services are required to obtain authorization from the Financial Conduct Authority (FCA). However, CLICKFXM has failed to secure this authorization, as evidenced by a warning issued by the FCA identifying the company as an unauthorized entity in the UK.Given that CLICKFXM operates in an unregulated environment, it poses a substantial risk of fraud and identity theft. We strongly advise you to cease any engagement with CLICKFXM to prevent further losses. We urge you to report this to your local authorities. It's crucial to remain calm and avoid making impulsive decisions. Particularly beware of the Recovery Room Scam, where unsolicited messages claim they can assist in recovering your funds.We also encourage you to submit a complaint on our platform at https://www.brokersview.com/complaint. Our team will thoroughly review your materials and work diligently to help find a possible solution.
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What is the lowest spread they offer?
ElenaA
Jordan
2023-06-27
ANSWER CLICKFXM is an unregulated broker that we advise against trading with, despite the seemingly attractive deals it offers.CLICKFXM claims to be operated by TRADE MARKET CAPITAL LIMITED, a company registered with the Companies House (CH) with company number 14291387. While it is true that we located the company in the CH register, investors must be aware that the CH only serves as a registrar of companies in the UK and has no authority to issue licenses for financial activities. Mere registration with the CH doesn't mean being authorized to offer financial services or products in the UK legally. Furthermore, the Financial Conduct Authority (FCA), the UK financial watchdog, has issued a warning against CLICKFXM for operating in the absence of proper authorization.Regarding your question, we strongly suggest you avoid dealing with CLICKFXM because it is an illegal trading platform. Dealing with this CLICKFXM could pose significant risks, such as financial losses and identity theft, as there are no rules in place to safeguard investors' interests. Therefore, investors are encouraged to stay away from unlicensed brokers like CLICKFXM and instead to choose a fully regulated one to mitigate such risks.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.