CLG Stocks Review

About CLG Stocks

CLG Stocks operates the MetaTrader 5 platform (desktop, iPhone, Android) offering instruments across forex, stocks, commodities, indices, metals, energies and cryptocurrencies with a minimum deposit of approximately USD 50, maximum leverage up to 1:500, spreads around 1.4 pips on EUR/USD (based on demo data), and funding options including Ethereum, Tether (USDT), TRON and Help2Pay. It also offers demo accounts and charges inactivity and incomplete‑application fees (e.g., USD 15 after 90 days inactivity, USD 30 if account not verified within 15 days) ().

CLG Stocks holds no valid regulation from any recognized financial authority; it is not authorized by the FCA (UK) and there is no regulatory oversight in Vietnam. Transparency is lacking—no company address or phone number is provided, and the entity has been linked to previous scams under the name “FTX Trade Stock Company Ltd.”, dissolved in June 2022. The regulatory status is unlicensed and flagged as high‑risk by multiple independent sources ().

Who it’s for

• None: no verified regulation or protections means no audience can safely use this broker.

Pros and cons

Pros

• Offers MetaTrader 5 platform with demo and real accounts.
• Low minimum deposit (~USD 50) and high leverage (up to 1:500).

Cons

• Completely unregulated; lacking any oversight.
• No physical contact details; anonymity raises risk.
• Associated with dissolved entity (FTX Trade Stock Company Ltd.) suggesting rebranding of scam.
• Charges questionable fees (inactivity, incomplete‑application) and accepts irreversible payment methods (crypto, Help2Pay).