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What major risks or drawbacks should I watch out for when using CLC?

Broker Issues
CLC
Regulation
01-04
United States
WikiFX
Reply

As an experienced trader, the first thing that caught my attention when evaluating CLC was its regulatory history and user feedback. While CLC claims regulatory oversight from the Securities and Futures Commission of Hong Kong (SFC), it's clear from the data that some of their licenses have been revoked or are flagged for "suspicious overrun." For me, revoked licenses are a serious concern, as they might indicate past compliance issues or regulatory breaches that could expose clients to unexpected risk. Furthermore, I am particularly cautious about the visible medium risk rating and the fact that the platform has been flagged for "suspicious scope of business." The withdrawal process is a central part of any broker’s trustworthiness, and seeing several user reports about being unable to withdraw funds or requirements of extra tax before withdrawal are immediate red flags. These types of complaints, especially when corroborated by other users alleging possible scam or ponzi-like behavior, strongly suggest operational instability and significant risk of loss. Beyond client exposure reports, I also find the lack of transparency troubling; there is limited information about critical details—such as spreads, leverage, asset lists, and withdrawal methods. Such gaps make it hard to gauge if the trading environment is competitively fair or even safe. For me, the combination of regulatory ambiguities, unresolved negative client experiences, and insufficient disclosure makes CLC a broker I would approach with extreme caution. It’s essential, in my view, to thoroughly verify all withdrawal processes and regulatory credentials before even considering depositing with CLC.

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