Forex broker Charing Cross Group reviews13 / 03 / 21 Visitors: 136
In a nutshell, Charing Cross Group reviews show that this is a service with its own web development for trading (terminal, application). Offers contracts for beginners and advanced. It allows trading in Forex, in the stock market, and to a lesser extent in the commodity exchange and index markets.
Is Charing Cross Group scam? New interesting Forex broker
The trading platform can be accessed on the company's website; there is also a digital code for downloading a trading application to a smartphone.
All contacts and other information are on the site.
So we can state that there’s no ground to call Charing Cross Group scam.
Charingcrossgroup.com reviews: who are they?
The first thing that attracts attention is the registration of a broker. We are already used to the fact that many companies have a legal address somewhere on the island. This time the island is called Great Britain and there are completely different requirements for licensing brokerage activities than, for example, in the Seychelles.
Of course, the location of a legal address in the business part of the British capital, in the very heart of all transactions, is already an advantage.
Previously, the company worked in the British market, so, in general, it would be unfair to call it a newcomer (team overall has experience of about eleven years).
Obviously, company is still trying to fit in with the market, looking for a niche.
Charingcrossgroup.com offers 5 packages of cooperation, which will be described below.
The number of investors is declared at the level of ten thousand or more. You can check this information indirectly by finding comments on traders' reviews. Based on the information received from charingcrossgroup.com reviews, the broker is solid, it has a good reputation, although there are complaints about strictness in relation to confidentiality issues. We’ve checked the website and learned that Charing Cross Group will not tolerate any scam and money laundering, because it supports several important international programs against fraud. Looks like reputation is most valuable to it.
How to register: charingcrossgroup.com reviews
Before registering, site visitors can familiarize themselves with the training page for traders (designed for beginners). There is also access to the economic calendar with forecasts of exchange rates.
If you are interested, you can immediately filter the forecast for a specific region and scheduled event.
All the company's documentation can also be found on the website.
We advise you to pay attention to two points:
- ❯ Order execution policy. It's all about how the company helps to trade, what obligations it has, and what the client has. The conditions for the conclusion and interruption of cooperation are described. Charingcrossgroup.com scam avoiding rules are also included.
The Risks Statement deserves a separate reading, which describes the risks of trading with leverage (since one of the features of this broker is trading with leverage up to 1: 100).
- ❯ Simple procedure,
- ❯ Provides more complete access to tariff plans;
- ❯ Allows you to open a demo account;
- ❯ Opens a trading platform.
Important: broker’s support warns all the clients for careful checking of all details, not to be mistaken even in one number or letter. Any misunderstandings may lead to a stricter verification procedure in the service.
Registration does not provide you with access to live trading account. This is just the first step to start cooperation with the service.
Full access to all functions is received by a client who:
- ❯ Verified his/her details;
- ❯ Chose a portfolio type and topped up the account.
Verification is one of the characteristics of this broker, causing different opinions of the traders. The company supports two programs:
AML ("Anti-Money Laundering", combating gray money laundering by carrying money through large transactions on exchanges), and
KYC ("Know your customer") - fraud detection program for commercial transactions (such as double payments, etc.).
In connection with the ratification of these programs, the charingcrossgroup.com scam check preventfraudulent actions because any kind of forbidden actions are visible at the very first stage – even an attempt to become a client for a fraudster will fail.
What you need to pass verification calmly:
- ❯ Make screenshots of an identity document (better than a passport)
- ❯ Make a copy of any payment receipt that contains the user's full name and residential address (this can be a receipt for services or a bank payment)
- ❯ Take a photo (selfie) with a passport in hand (open page with a photo).
In fact, this should be enough for the service to verify the client. In some cases, they demand more: we found a review where the client described that he also needed to throw a photo of his bank card with partly covered number. A small investigation helped to find out the reasons: if the client makes a withdrawal of money to the card, then in rare cases (for example, if some basic documents are missing or there are questions) he will be asked to take a photo of the card, with a covered 10 digits of number and covered CVV code (three numbers on the back of the card ). According to international standards, the CVV code is included in the confidential information about the bank account and cannot be transferred to third parties. Charingcrossgroup.com scam department also warns about this: scammers (especially those who are engaged in phishing) may require a CVV code. The company does not need this confidential information.
Trading conditions and account types
The broker provides 5 account options to choose from. According to statistics from Charing Cross Group - reviews also confirm this - more often than others, investors choose the Silver tariff.
When placing orders with leverage, if the client's deposit is lower than it should be according to company rules, the transaction will be canceled, and the account may be temporarily blocked.
After the closure of cooperation or in case of any other prerequisites for a refund, this will be carried out within 7 days.
Customer service is provided five days a week, 24 hours a day. Technical support does not work on holidays and weekends.
Charing Cross Group reviews
Users note a number of pros and cons of working with this broker.
- ❯ Good market conditions;
- ❯ Convenient terminal;
- ❯ You can trade from your smartphone;
- ❯ Effective analytical support for transactions;
- ❯ Support works quickly;
- ❯ The withdrawal of funds fits within a reasonable time frame (up to a day).
- ❯ Verification is required;
- ❯ The technical service works only on weekdays;
- ❯ Withdrawal requests cannot be made on weekends.
There are also several levels of the affiliate program. Clients can earn extra money for:
- ❯ attracting referrals (a fixed amount for each new client);
- ❯ attracting leads through SEO and other technologies (agreed fee);
- ❯ exchange of banners, content and other materials with sites, services, blogs.
More detailed terms of referral cooperation can be found if you register on the "Affiliate program" page.
Deposit and withdrawal of funds
There are three main ways to deposit and withdraw money:
- Through a personal bank account;
- Through the payment system;
- In an electronic wallet;
Each method has its own options. Transfer to a bank account may be delayed until the financial institution masters the payment (sometimes up to three days). Withdrawal through the payment system involves the use of only a few services. Transfers to wallets assume that the wallet currency will be used (conversion required).