Clark Financial Review – Facts About clarkfinadv.com Scam

Is Clark Financial a Scam Broker?

Forex brokers that are legitimate provide detailed and clear information about their legal entities, including where they are located, the licences they have, and who oversees them. If these details are not provided or presented in a proper manner, it is a sign that you are dealing with a scammer.

Only the logo of Clark Financial Advisory Limited, which is the name of the company that allegedly runs this forex broker, can be seen.

The Terms and Condition and other legal documentation do not identify a legal entity name. This is a red flag that this is fraud.

Clark Financial has a London contact address.

The UK’s Financial Conduct Authority (FCA), which has this address, shows that such a company exists. However, it offers its services through another domain than that of Clark Financial. The regulator warns us that clarkfinadv.com is a fraud, and illegally uses the details of a legitimate business.

You should ensure that you have all of the required information when choosing a broker to invest in financial markets. You should always verify that the broker is on the approved list of regulators and that the domain is authorized for that broker.

You should never trust your money to anonymous websites that contain contradictory and false information. You can instead turn to one the many companies that are actually under the supervision and control of respected regulatory bodies such as the Cyprus Securities and Exchange Commission or the FCA in the UK.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

You will be able to enjoy many guarantees as a customer, including protection against negative balances and guarantee for your funds in case the broker goes bust. This covers up to EUR 20,000 in EU or 85,000 GBP in UK.

Clark Financial Trading Assets and Accounts

Although the FCA bans crypto derivatives trading, this broker`s trading platform allows forex, metals, and cryptocurrencies. This is yet another indication that the broker is not located in the UK.

There is a list of seven types of trading accounts on the website, but when registering for an account, you must choose between four types of accounts with different names than those described on the website.

Clark Financial does not provide detailed information on trading conditions as you will find on the websites of legitimate forex brokers.

Clark Financial: Maximum Leverage, Deposit and Withdrawal

The leverage for the trading platform is 1:200, which is a level that brokers cannot use in regulated jurisdictions.

Leverage that is high can lead to greater profits, but it also increases the chance of losing a lot of money. Retail traders are therefore restricted by all the major regulators. Like EU regulators, the FCA limits leverage to 1:30 when trading major currency pairs, and lower for volatile assets.

Clark Financial claims that it offers bonuses. This practice is also prohibited by most financial regulators.

You can take high-leverage trading and receive bonuses if you’re willing to risk it.

Clark Financial claims that it allows withdrawal and deposit via wire transfer as well as credit cards. The only way to deposit is to enter your credit card information without specifying the payment processor. You will also not find information about fees.

Most brokers are licensed to offer their clients transparent payment options, such as bank transfer and credit/debit card. They also have established e-wallets like PayPal, Skrill, or Neteller.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Kaifin, Tango Trading, AzaForex

Clark Financial requires 250 USD minimum deposit. You could also use the services of an established company for the same amount, or a lower amount.

Clark Financial: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Clark Financial. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Clark Financial!