Clovergate Capital is a Forex brokerage company established in 2023 and registered in Comoros. The products and services offered by this brokerage include: Forex, stocks, indices, and commodities with leverage up to 1:1000. The company Clovergate Capital Limited does not provide services to residents of the United States, European countries, the Islamic Republic of Iran, and Israel.
Company Background
Entity: Clovergate Capital Limited
Core Services: Trading in Forex, stocks, indices, and commodities
Domain Registration: October 3, 2023 (acquired and registered by the current team on October 15, 2023)
Clovergate Capital promotes its global service scope and reliable trading environment, but its transparency and actual performance warrant further investigation.
Trading Products
- Forex: Involves currency pairs such as EUR/USD.
- Indices: Includes indices like S&P 500
- Commodities: Includes commodities like gold and oil.
- Stocks: Includes stocks like Tesla and Apple.
Trading Platform and Features
It uses the industry leading MT5 platform, with among others, the following features:
- Intuitive Design: Suitable for both novice and experienced traders, with customizable charts and technical indicators.
- Automated Trading Support: It allows users to create, test, and run automated trading strategies using Expert Advisors with automated operations.
- Powerful and Secure: It is known for high security and reliability, suitable for executing complex trading strategies.
This perennial powerhouse of MT5 has robust capabilities and flexibility toward an eclectic mix of various traders, while a lack of demo account support might sour the experience for novice users.
Account Types and Trading Conditions
The platform offers a standard account with trading conditions as follows:
- Spreads: Starting from 0.9 points, on par with industry averages.
- Commission: Commission-free ($0).
- Minimum Account Funds: No minimum requirement, offering a low entry threshold.
- Server Location: Located in New York, supporting a low-latency trading environment.
- Trading Style: Supports all trading styles, including short-term trading and EA strategies.
Though the conditions of the account are plain, no demo account is available, and the deposit/withdrawal policy isn't disclosed, which can limit operational freedom for users.
Leverage
CloverGate Capital grants their clients leverage of as high as 1:1000. That means one could control huge positions with relatively small capital, which significantly amplifies the potential of profit and loss.
Regulation and Compliance
The broker's website claims regulation by the following entities:
- Mwali International Services Authority (Mohéli, Comoros): Registration information can be found on the MWALI regulatory website.
- National Futures Association (NFA): Verification shows no record of the company's registration on the NFA website.
Potential Risks
- Insufficient Regulatory Effectiveness: Although Mwali authorized, the region's lax regulation does little to protect investors.
- False Regulatory Claims: The absence of registration with the US NFA may affect credibility.
Customer Support
The broker offers the following support channels:
- Online Support: 24/7 service, suitable for real-time issue resolution.
- Email: support@clovergatecapital.com
Although the website claims 24/7 support, some may find the lack of phone support to be an inconvenience.
Deposit and Withdrawal Policies and Fund Safety
Specific deposit and withdrawal methods, as well as policies, are not disclosed on the broker's website. Clients cannot know processes, fees, or processing times, which raises a very important concern for investors and may affect liquidity and fund safety directly.
Market Recognition and Website Traffic
Brand Exposure
- Social Media: Website shows a Facebook account but lacks presence on other mainstream platforms like Twitter and LinkedIn.
- User Feedback: No genuine user reviews found online, limiting investors' assessment of service quality.
Website Traffic
According to the latest Ahrefs data, the website's market reach and online presence are as follows:
- Traffic Data: Average monthly organic traffic of 17 visits, showing very limited online influence.
- Keyword Performance: 15 keywords bring traffic, none ranked in the top three, showing narrow keyword coverage and insufficient competitiveness.
- Backlinks: 36 backlinks from only 8 referring domains; Trust and influence are low because the DR is just 7. A growth in link number, but quality may be limited; hence, general search engine performance is at stake.
- Geographic Distribution: It also means that 100% of its traffic originates in Thailand, meaning this user base relies entirely on one regional market and gets very few visitors from other regions, including the US, Canada, and India.
According to the latest Semrush data, the website's market reach and online presence are as follows:
- Traffic Data: 3 visits per month on average, with total traffic performance being extremely low.
- Keyword Performance: Covers 30 keywords, but the rankings and traffic contribution are limited, failing to bring significant user visits.
- Backlinks: Contains 133 backlinks and 28 referring domains, which is a fairly decent amount; however, the low domain authority score of only 2 suggests poor link quality and, consequently, limited actual SEO improvement.
- Geographic Distribution: Thailand: 67% of traffic, as the main market. USA: Next, 33%. Other regions (e.g., Australia) contribute less than 0.1% of traffic.
Conclusion
While the flexibility of Clovergate Capital with the MT5 platform and any minimum deposit requirement might attract some traders, it also has transparency issues, possible fund security risks, and limited market influence-investors should be aware of such concerns.
Advice: All in all, when considering the broker, investors should pay great attention to its regulatory credentials and fund management policy. For those prioritizing fund safety and transparency, choosing a broker regulated by reputable authorities is advised.
