Another pro: Forex broker Clark Financial
Starting a broker review with the hackneyed truth that there are not so many reliable brokers is not a very original move. Yes, there are not many of them, but it is still possible to distinguish them from scammers, despite all the attempts of unscrupulous businessmen to look like respectable companies. We have figured out which of the categories the Clark Financial Forex broker belongs to, and we bring to your attention the results of this mini-study.
Let's start Clark Financial review 2023 with the simplest – often a couple of minutes of studying the official website is enough to determine whether Clark Financial or any other company, are scammers.
Forex broker Clark Financial: at first glance
The first impression is quite favorable - the site is simple and easy to use, and the necessary information about the company is presented in sufficient detail. It would be worth noting separately that the company spent a lot of money on optimizing its site for mobile devices - if Clark Financial was a fraud, it might not have bothered with such trifles. When the life of the site is counted in months or even weeks, the optimization can be neglected - in fact, it often is.
A liability to the broker at this stage can be put except for not very detailed information about the company. Of course, there may be reasons for this, but for a regulated broker, the data is not enough. And there could be more communication options. E-mail and a contact form on the website are fine in terms of preserving the history of communication, but one or two phone numbers wouldn't hurt. However, if Clark Financial fraudster, the situation would be rather the opposite - just phones and no emails, minimum trace and evidence.
The second interesting point, but already characterizing the company in a positive way, is the warning about the degree of risk of investment. Unlike scammers, Clark Financial does not promise guaranteed profits but warns straight away that 75% of retail traders lose money.
Clark Financial: Forex and beyond
Charged with optimism from the warning in the footer of the site, we continue our Clark Financial review 2023. It's a good time to look at the services offered by the company, which can also answer the question of whether Clark Financial is a scam. Areas of scrutiny will be deposit sizes, the presence or absence of some important options, the types of assets offered, and account opening and maintenance conditions, i.e. deposit and withdrawal methods and their timing.
The size of the minimum deposit, let's face it, is noticeably above average, but the amount is manageable. The $500 entry threshold is not the kind of value to call the broker Clark Financial fraudsters; a reason to be wary, no more than that. The set of options offered with the minimal Explorer package looks modest, which partly compensates for the variety of assets available. In addition to currency pairs, Clark Financial offers transactions in cryptocurrencies, commodities, precious metals, indices, and securities.
There are only 4 options for basic account types, but for those who want to minimize risks or for whatever reason are not interested in trading as such, there are three more types of Clark Financial accounts managed by the broker's consultants. Here we are talking about a much more impressive amount of investment than $500 - the initial deposit must be no less than $75 thousand. However, there is nothing wrong in trying to cover all categories of clients - there are plenty of companies that are focused on mass clients and on beginners.
The absence of demo mode is a disadvantage for Clark Financial broker. Not every potential client is prepared to entrust the fate of their investment to an adviser. Many traders trade on their own, and an opportunity to test the platform's functionality in a safe mode would not be out of place.
What about the platform itself, we are talking about a product based on MetaTrader 4. The version is not the latest, but many brokers and traders do not see any fundamental differences between it and version 5, or even consider version 4 to be more balanced. A mobile application, apparently, the broker Clark Financial did not create - here it is impossible to say unequivocally whether this is a plus or minus, as mobile versions of trading platforms - products for lovers, many are more convenient to use the standard terminal.
Clark Financial Forex broker supports various payment methods - bank transfers, credit and debit cards, payment systems, as well as payments from cryptocurrency exchanges or cryptocurrency wallets. If Clark Financial was a forex fraudster, this list could well be limited to crypto. Becoming a payment partner of a bank or a serious payment system is much harder than just getting a crypto wallet, and the irreversibility of transactions that cryptocurrency enthusiasts are so proud of is a thing in itself. The company does not delay payments or charge fees but warns that both are quite possible at the instigation of banks or payment systems.
Opinions and conclusions
It seems that in this Clark Financial broker review we have pretty much figured out what the broker reports about itself. However, before making conclusions, it would be interesting to check reviews about Clark Financial to complete the picture. Reviews about Brand is a subjective thing, but that does not mean that this kind of information should be ignored.
It is just important to remember that everyone who chooses to leave a review about Clark Financial is first and foremost describing their personal experience, and may be biased or motivated. Since the broker is oriented to a western audience, it would be logical to study foreign, primarily English-language, special resources. It will also be useful to look at reviews about Brand on sites like Trustpilot and Sitejabber, these are very informative sources. Looking for Clark Financial reviews on Reddit is a thankless task, mainly because they are not really moderated there. As a consequence, you can come across the competitors' work, which is presented as the cry of the soul of a frustrated or deceived trader. By the way, about the cries of the soul - do not pay attention to emotions; we are interested only in facts, and only them.
As we have not found anything critical in this Clark Financial Review (there are no outright negative reviews), we can move on to the final part, namely the conclusions.
The impression of Clark Financial is not totally unambiguous, there are some shortcomings. The following points will be included in this section:
- lack of information about the company;
- absence of a telephone option for support;
- above-average entry threshold;
- absence of opportunity to test the platform in demonstration mode
However, none of these factors, or even all of them together, are proof that Clark Financial is a fraud. They are quite ordinary shortcomings, most of which can be easily remedied, and which are not critical. The Clark Financial forex broker has more pros both in quantity and, if I may say so, in quality:
- wide range of assets to trade;
- availability of managed accounts for clients;
- variety of supported payment methods;
- platform based on the popular and well-known MetaTrader 4 technology;
- good reputation on the market (reviews of Clark Financial are mostly neutral and positive).
For your peace of mind, we have compiled a complete list of unscrupulous brokers.
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