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Clarium Capital Review - is it scam or safe?

Clarium Capital Review - is clarium-capital.com scam or good forex broker?

RATING: 1 / 0 REVIEWS Clarium Capital
Clarium Capital is an offshore broker. Your money is not safe.

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Clarium Capital presents itself as a San Francisco based broker offering a variety of investment opportunities, including forex and CFD trade on a web based trading platform. Clarium Capital claims to be regulated in the U.S., but this turned out not to be true. In fact clarium-capital.com appears to be a clone website, using corporate details of a U.S. hedge fund - Clarium Capital Management LLC, (https://www.clarium.com/), so if you are considering investing your funds with them be sure to read this review first.

 

Trading account  Min. deposit Max. leverage Spread
Standard Account n/a n/a n/a

 

Clarium Capital Advantages:

 

An impressive variety of trading and investment  instruments

 

We usually start our reviews with any possible advantage about the broker we investigate, and here the only thing that comes to mind is the impressive list of trading instruments Clarium Capital says to be offering its clients – numerous forex pairs with over 20 currencies, CFDs on over 10 000 shares, bonds, ETFs and futures, as well as options on more than 6000 stocks and indices.  However, as no crypto assets are mentioned in the presentation, here you may check our list of brokers, trading with bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Supposedly tight spreads

 

Clarium Capital  says to be offering spreads starting as low as 0,3 pips. Nevertheless, as we were not immediately able to open a demo account and verify this, here you may also check our list of brokers offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

Clarium Capital Disadvantages: 

 

Cloned website, no license

 

As we already noted Clarium Capital (https://clarium-capital.com/ ) turned out to be a clone website of a U.S hedge fund CLARIUM CAPITAL MANAGEMENT LLC (https://www.clarium.com/) that was founded by Peter Thiel, co-founder of PayPal and early investor in Facebook. The website we investigate here has nothing to do with the U.S. hedge fund and is probably run by scammers. 

 

And Clarium Capital (https://clarium-capital.com/ ) claims to have a U.S. license and  that also turned out to be untrue. All U.S. brokers are required to register with the National Futures Association (NFA) where they should be listed as a Forex Dealer Member and a Futures Commission Merchant.

 

Here you can see the registration of CLARIUM CAPITAL MANAGEMENT LLC (the real hedge fund), which was operational between 1996 and 2009.

 

 

And there is no other entry under the name CLARIUM CAPITAL, so Clarium Capita (https://clarium-capital.com/ ) are obviously trying to trick traders with a fake license.

 

 

Leverage not specified 

 

Leverage is a key component of the trading conditions so we definitely miss that piece of information, especially because we were not able to directly open a demo account. Bear in mind that higher leverage is associated with higher and that is why leverage has largely been restricted on most regulated markets like the EU, the U.S., Canada and Japan, leaving Australia the only exception, where retail traders can still enjoy virtually unrestricted higher margin trading. So, if you really like the idea of trading with higher leverage, here you may check our list of brokers, regulated in Australia:

 

>>Brokers regulated in Australia<<

 

No information about the minimum deposit requirement

 

Just bear in mind that most brokers would ask for about 250 USD, while some well known players like FBS and IG will let you trade with virtually 5 USD or so.

 

MetaTrader4 not supported

 

That is also disappointing. Clarium Capital say so be offering a web based trading platform, which unfortunately we were not able to test, because as we noted, we were not able to open a demo account. Here is a screenshot of the platform as depicted on the Clarium Capital homepage.

 

 

In any case we miss the MetaTrader4 – the most widely used trading platform, with over 50 customizabel market indicators and also customizable trading robots, with the help of which one can easily run algorithmic trading sessions. And MT4 has an excellent selection of advanced charting tools as well, so here you may also check our list of brokers, offering the platform:

 

>>MT4 Brokers<<

 

No information about the payment methods

 

This is another piece of information we miss. Most brokers accept payments with major cards like VISA and MasterCard, bank wire and e-wallets like NetellerSkrill and PayPal. And some even accept payments with bitcoins – here you may check some of them:

 

>>Forex Brokers Accepting Bitcoin<<

 

Conclusion:

 

As we already established Clarium Capital is a clone website, falsely claiming to be licensed in the U.S. As usual in such cases our best advise is to always double check he information a broker might offer you and to invest your money only with brokers, that hold legit licenses from respectable institutions such as the the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), or the Australian Securities and Investments Commission (ASIC) – three of the most popular regulatory destinations in the industry.  And besides, with a FCA broker your account will even be covered by an insurance of up to 85 000 GBP, so here you may check our list of brokers, regulated in the UK:

 

>>FCA Regulated Forex Brokers<<

Latest news about Clarium Capital
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Traders` reviews for Clarium Capital

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