Circumspect-Trade is a CFD broker whose official website domain was registered on October 23, 2023. This broker primarily offers investment services in trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where doing so may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to information published on the official website of Circumspect-Trade (www.circumspecttrade.com), the broker was established in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed company entity registration information or detailed regulatory details.
Upon verification, the Australian Securities and Investments Commission (ASIC) does not have any records of a regulated company named "Circumspect-Trade."
Therefore, Circumspect-Trade (www.circumspecttrade.com) is essentially a fraudulent broker website with neither a legitimate company entity nor any regulatory oversight.
Account Opening Process
The account opening process for Circumspect-Trade trading accounts is as follows: Visit the broker’s official website, click on "Open Account" on the homepage or "SIGN UP" at the top-right corner of the page to enter the account registration page. Fill in personal information such as name and email, set a login password, and submit. After submission, verify the account to complete the registration successfully.
Trading Instruments:
Circumspect-Trade offers clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or sector without trading individual stocks. Exploring popular indices provides diverse trading opportunities and the potential for higher returns using leverage.
- Commodities: Commodity trading covers key resources in global markets, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading lets investors participate in the price fluctuations and dividends of public companies based on their performance, without owning the actual shares.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
The Circumspect-Trade website does not disclose information about account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade volumes, maximum position/order sizes, or minimum price increments.
Trading Platform
Circumspect-Trade offers a proprietary trading platform and claims the platform has an average order execution speed of less than 7.12 milliseconds, with more than superior liquidity providers, and over 12,000 orders executed per second.
Deposits and Withdrawals
Circumspect-Trade only supports deposits and withdrawals via cryptocurrencies.
Conclusion:
Traderknows reminds investors that Circumspect-Trade is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
