ClickPort International Review 2020 – Is it a Scam? - ChainBits

Posted: 11 Jan 2020 12:00 AM PST

Website URL: https://clickportint.com/

Founded:N/A

Regulations:Unregulated

Languages:English

Deposit Methods:Bank Wire, Visa, MasterCard

Minimum Deposit:Unknown

Free Demo Account:No

Number of Assets:Unknown

Types of Assets: Forex, CFDs

Trading Accounts and Conditions

ClickPort International claims that it is a leading provider of online Forex, CFD, and other trading services. But when we looked through the so-called broker's website, we could not find anything about its trading conditions or even the account types it offered.

ClickPort International – Advantages

In all our reviews, we try our best to be fair and list both advantages as well as disadvantages. However, for ClickPort International, despite trying our best, we just could not find a single advantage that could redeem this broker.

ClickPort International – Disadvantages

We were, unfortunately, able to find numerous extremely worrying disadvantages that would make it dangerous for traders to use this broker. Here's the list of concerns we have with ClickPort International:

Anonymous Broker

We couldn't find any information about this broker. There is no company name given, so we don't know who owns and operates this broker. There are two addresses given on this broker's website. One points to a location in Panama City in Panama, and the other is in Warsaw in Poland.

There are also two phone numbers given, and also an email address, but when we tried to contact the broker, we received no response.

A broker that offers its services anonymously is clearly one that is not to be trusted.

$100

Minimum Deposit

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

$100

Minimum Deposit

76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Not Regulated

There is no licensing information on this broker's website. And since the company name is not mentioned we were unable to carry out research to check whether ClickPort International is, in fact, regulated in any way at all.

Considering this to be the case, we can safely conclude that this broker is not regulated by any financial authority and so is not a Forex trading services provider to be trusted.

BlackListed in Canada

While we were doing our research to find out whether this broker was regulated, we discovered that ClickPort International has actually been blacklisted by the Ontario Securities Commission in Canada.

The public warning issued by the Canadian financial watchdog is that ClickPort International is suspected to be carrying out scam operations and of also providing financial services without being authorized to do so. Basically, this broker is operating illegally.

No Information about Trading Conditions

Details about a broker's trading conditions is one of the most critical sets of information that a trader requires to be able to trade successfully with them. Without this data, a trader cannot make educated choices about investing money on a broker's platform.

A regulated and reliable broker gives its clients all the information required for traders to execute trades successfully on its platform. On the other hand, an untrustworthy broker that is out to scam you will hide as many details as possible.

The fact that ClickPort International has chosen not to provide any information on its trading conditions and available account types clearly shows that it is a scammer and that your money is not safe with this broker.

No Access to Trading Platform

On its website, ClickPort International has stated that it offers its customers the MT4 (MetaTrader 4) trading platform. However, despite registering ourselves on ClickPort International's website, we were unable to access the platform.

This can only make us conclude that the broker has made false claims of supporting the MT4 platform. If ClickPort International actually did have support for the MT4 platform, it would have been a huge positive.

The MT4 platform is the world's most popular trading interface. It is not just easy to use, but it also has a wide range of features designed to help execute trades more effectively.

This platform offers its users over 100 market indicators, bots to help with automated trading, customizable features, and many other features.

No Demo Account

Another glaring feature of scammers is that lack of a demo account. Regulated brokers tend to offer their clients the opportunity to test their trading conditions in a safe environment before traders actually invest real money. That's what demo accounts are for.

Not having a demo account usually indicates that a broker has something to hide – such as unfair trading conditions. And without a demo account, traders will have no choice but to open a live account with such brokers, which could put their money at risk.

ID Number Required During Registration

One of the biggest concerns we had with this broker was the number of personal details that it was demanding when we tried to register an account with it.

As you can see, the first step itself asks you for your Proof of Identity. This is huge red flag that must not be ignored. Sharing your personal details with unregulated brokers leaves you vulnerable.

Such brokers can hold your personal information against you if you attempt a charge back. Added to that, if you accuse the broker of unfair trading practices, these allegations can be easily refuted by them once they have your personal details.

Conclusion

We went through ClickPort International's website in great detail. What we found has convinced us that this broker is a scammer and that if you trade with it, you will definitely end up losing all the money you invest with it.

The number of red flags on this broker's website are just too many to ignore – the legal issues of a lack of registration, being blacklisted by the Canadian authorities, the lack of information about its corporate entity, as well as the operational issues of not having a demo account and giving people no access to their platform without a trader first giving personal information.