ClearSave is a new unlicensed Forex & Crypto CFD Broker, that opened on June 26, 2020.
This broker is owned & operated by: Lagoon Technologies Ltd, 25813 BC 2020. They are located at: Suite 305, Griffith Corporate Centre 1510, Beachmont, Kingstown, St. Vincent and Grenadines. A phone number in the Netherlands +31203699551 is listed on their website. Official website is at: https://clearsave.io/.
ClearSave Broker Review – ClearSave is a SCAM. Do not trust this FOREX Broker!
ClearSave gives their day traders and investors, a basic web-based trading platform called PumaTS. The CFD platform offers you trading on many underlying assets of Crypto, Forex, Stocks, Commodity and Market Indices.
Professional traders looking for the industry standard MT4 or MT5 will not find them with this broker. Mobile trading apps are also not available. The trading platform offered, is very confusing as it makes no mention of leverage / margin rates. Seven types of trading accounts are offered at this broker, and the minimum deposit starts at $250. Also offered is “savings” accounts which they claim gives a guaranteed 5% – 25% a month. Beware!
ClearSave is a bitcoin based broker, meaning you will need to transfer your money into bitcoin and then send it to their platform to trade. When depositing with Bitcoin, you lose all protection that your credit card company offers you for fraudulent charges.
Is ClearSave a Licensed Broker?
No, ClearSave is not a licensed broker.
ClearSave is actually just a new name for the old broker called BlueSave. After receiving a warning from the FCA in England (see here), they changed their name.
If you are already investing with ClearSave broker, please share your experience with other people reading this review.