Carrod Securities is not a reliable broker for traders even though it states offers that look good to be true. Carrod Securities claims it is a reliable broker while presenting neither details about its company address and regulations, nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always display its certificates and licenses in a prominent place. It is a red flag here.

Downloading its official MT5 trading platform, Carrod Securities shows its office address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to Carrod Securities in FCA. That means Carrod Securities is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

BrokersView found the domain "https://www.carrodsecurities-ltd.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.