Cliq FX Limited, a foreign exchange broker registered in Hong Kong, primarily offers trading services in forex, indices, precious metals, and commodities. Despite being a trading platform that offers a range of investment options to traders, most vital information about the company appears to be missing, which may hamper potential clients' comprehensive evaluation and trust-building. The company's official website is: https://www.ispmbk.com/en/index.html, supporting both English and Simplified Chinese language options.
Corporate Entity Information of Cliq FX:
Cliq FX is a business registered in Hong Kong, and according to the information provided on its official website, its company registration number is 2659383. The company's registered office address is located at Room 08F, 17th Floor, Grandtech Centre, 8 On Ping Street, Sha Tin, New Territories, Hong Kong. In addition, Cliq FX has an actual office location in Room A68, 3rd Floor, Manning Industrial Building, 116-118 Hing Ming Street, Kwun Tong, Kowloon, Hong Kong, for daily business operations and management. The company’s domain name registration record indicates that its website officially went live to provide services on July 17, 2021. Information about the registered office address and actual office location is of significant importance in understanding the company's geographical layout and its business operation.
Regulatory Information of Cliq FX:
The absence of regulatory information on Cliq FX's official website may indicate that the company is not formally regulated in the global or its operating regions. This not only limits its business legality and feasibility in some countries or regions but also may reduce confidence and trust in competition with peers that operate in strictly regulated environments. The unregulated status might also prevent the company from attracting clients who have high requirements for compliance and safety.
Registration Process of Cliq FX:
The account registration page of Cliq FX could not be accessed as of March 8, 2024, which not only directly hinders potential clients from joining but might also indicate that the company is facing technical issues or more severe management problems. If this situation is due to the company management's neglect of website maintenance and user experience, it could also reflect similar neglect or insufficiency in other business areas, such as customer service, fund security, and compliance. For potential investors and traders, such signals might serve as a warning to consider more carefully and conduct in-depth investigations before investing.
Account Types of Cliq FX:
The homepage of Cliq FX lacks information about different types of accounts. Typically, trading platforms provide various account types to cater to customers with different levels of trading experience and needs. The absence of this information might suggest that Cliq FX fails to offer adequate customer-tailored service options, potentially limiting its ability to attract and retain customers. Therefore, for individuals or institutions considering using Cliq FX's services, this missing information should be viewed as an important factor for further investigation and assessment.
Trading Products of Cliq FX:
Cliq FX provides a range of trading products, including forex, indices, precious metals, and commodities. Here is a detailed introduction to the various trading products offered by Cliq FX:
Forex: Cliq FX has detailed introductions to forex trading conditions on its homepage, including available currency pairs (varieties), potential leverage ratios, margin required per lot, contract size, the value per pip, and corresponding trading hours. This provides traders with the key information needed to make trading decisions.
Indices: Cliq FX offers trading in several stock indices, including the S&P 500, FTSE China A50, Dow Jones Industrial Average, NASDAQ Composite Index, and the Russell 2000 Index in the US. These indices cover major stock markets in the US and globally, offering investors opportunities to diversify risks by investing in the entire market or specific market segments.
Precious Metals: The precious metals trading products include silver, gold, and platinum, assets widely used by investors to hedge against inflation and market uncertainty.
Commodities:
Cliq FX also provides spot trading of commodities such as US light crude oil (WTI) and Brent crude oil.
By offering such a wide range of trading products, Cliq FX provides its customers with a platform to seek investment opportunities in global financial markets. However, trading these products requires an in-depth understanding of the respective markets and strict execution of risk management. Therefore, it is advisableViewers are advised to conduct thorough research and preparation before trading.
Trading Software of Cliq FX:
The trading platform of Cliq FX is MT4 (MetaTrader 4), which supports multiple operating systems, including Mac and Windows on computers and Android and iOS on mobile phones. MT4 is a widely popular trading software that provides rich functionality and a user-friendly interface, enabling traders to conduct forex and CFD (Contract for Difference) trading with ease.
Leverage of Cliq FX:
Here are the detailed leverage settings for various trading products of Cliq FX:
Forex: For forex trading, Cliq FX offers a maximum leverage ratio of 500:1. This means traders can operate a trade 500 times the value of the margin at market price with just 1/500th of the market value as a margin.
Indices: For index trading, Cliq FX offers two main leverage ratios: most commodities are set at 100:1, while a few offer a 50:1 leverage ratio. A 100:1 leverage ratio means that investors can participate in trades with only 1% of the market value as margin, which is particularly useful when investing in large stock indices like the S&P 500 and NASDAQ, allowing traders to participate in significant market fluctuations with smaller capital investments. Conversely, a 50:1 leverage offers relatively lower risk and capital requirements, suitable for those who wish to engage in index trading in a more conservative manner.
Precious Metals and Commodities: For trading in precious metals (such as gold, silver, platinum) and commodities (such as oil), Cliq FX offers a fixed leverage ratio of 100:1.
When trading with leverage, it is crucial to have a sound risk management strategy. Although high leverage can amplify profits, it can also amplify losses. Therefore, traders need to consider their risk tolerance carefully and use tools like stop-loss and take-profit orders to protect their investments. Moreover, continuous market learning and staying informed about market dynamics are key to ensuring trading success.
Deposit and Withdrawal Methods of Cliq FX:
The homepage of Cliq FX does not disclose its supported deposit and withdrawal methods. The absence of this information might inconvenience potential clients and create uncertainty, as understanding how to deposit and withdraw funds is a key consideration in the trading decision process. Therefore, the failure to disclose these fundamental details might place Cliq FX at a disadvantage in the competitive market.
Social Media of Cliq FX:
Cliq FX has no apparent social media activity. The lack of social media engagement might suggest limited investment in brand building and customer relationship management by Cliq FX, potentially affecting its ability to attract new clients and maintain existing ones.
Customer Support of Cliq FX:
Cliq FX offers customer support through email (cs@ispmbk.com). Only providing an email address might make Cliq FX's customer service appear less comprehensive, possibly affecting customer satisfaction.
Conclusion:
In summary, Cliq FX platform has not disclosed its regulatory information and deposit and withdrawal methods. Potential Cliq FX clients may need to carefully consider these limitations and conduct appropriate risk assessments before deciding to use their services. Currently, Cliq FX is listed as "Suspected Fraud" on TraderKnows.
