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CLG Stocks

Operating status: SCAM

Website: https://www.clgstocks.com/

Broker violations and abnormal records
  • Nov 13, 2022 BrokersView has Reviewed that CLG Stocks is an Unregulated Forex Broker

    CLG Stocks claims to be a reliable firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.

    Downloading its official MT5 trading platform, we found this broker locates in Vietnam. But as per the information we hold, Vietnam currently has no regulatory bodies that issue licenses for forex trading or regulate entities engaging in forex services. The truth is, CLG Stocks is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    CLG Stocks claims to be a reliable firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Downloading its official MT5 trading platform, we found this broker locates in Vietnam. But as per the information we hold, Vietnam currently has no regulatory bodies that issue licenses for forex trading or regulate entities engaging in forex services. The truth is, CLG Stocks is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

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