CliqFX offers several forex trading account types, in order to suit traders of all skill levels and preferences. Their clients can choose between commission-free accounts and tighter spreads with commission fees, different maximum leverage levels and minimum trade sizes. In addition, there is a special re Islamic (swap-free) account intended for Muslim traders that does not involve any interest/swap charges on overnight positions. Micro lots are available for trade on mini & Islamic account types.
Overall, CliqFX’ trading conditions are typical for an offshore broker – you can start with $100, use high leverage levels, reaching 1:500, and average variable spreads, falling within the range of 1.0 – 1.5 pips on EUR/USD. Yet, we cannot find a reason why one would choose CliqFX over other brokers, licensed FCA or ASIC.
Keep in mind that this broker does not accept clients from the U.S. and Japan.
The Company. Security of Funds
CLIQ FX LIMITED
A newly-launched broker, cliqFX offers trading in forex and CFDs on the good old MetaTrader 4 (MT4) platform. The broker’s main office is In Dubai (United Arab Emirates), but it is officially incorporated offshore, in Vanuatu.
The company behind the brand, CLIQ FX LIMITED., is present in the list of dealers in securities authorized by the Vanuatu Financial Services Commission (VFSC). This, however, hardly means that cliqFX is subject to regulatory supervision and oversight.
As most of you probably know, little focus is placed on compliance checking and consumer protection in such offshore zones and therefore, doing business with offshore brokers is very risky.
Like most brokers, this one also supports MetaTrader 4 (MT4), available in all forms and shapes – desktop, web, as well as mobile apps.
The MT4 is easy to use and offers a number of technical indicators, extensive back-testing options, advanced charting package, and wide range of Expert Advisors (EA), allowing clients to fully automate their trades.
Methods of Payment
cliqFX offers its clients the following payment modes: credit/debit card (Visa, MasterCard, Maestro), bank wire transfer, and e-wallets Skrill, Neteller, Perfect Money, WebMoney and Bitcoin.
cliqFX is a young offshore broker that provides online trading services in forex and various CFDs on the popular MT4 under reasonable trading conditions. There is not much to be said about the broker, as it is newly established and there is no feedback or user reviews.
CliqFX Review Conclusion
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