CLC Acquisition Corp has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +1-516-210-4062 EI232, Fax: +1-516-714-9906
Addresses: 55 Lumber Rd Roslyn NY 11576. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.clcacquisitioncorp.com.
Do not use CLC Acquisition Corp for anything serious. I used them for close to eighteen months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Regular platform improvements|Economic calendar|Two-factor authentication|Competitive fees
Cons: No fractional shares
After for close to eighteen months with CLC Acquisition Corp I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Portfolio tracking tools|Comprehensive tools
Cons: No integrated tax optimization|Spreads widen during volatile periods
Where do I even begin with CLC Acquisition Corp? since last summer of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: No hidden fees|Transparent fees|Clean UI
Cons: Minimum deposit could be lower
I wanted to transfer my portfolio from another broker to CLC Acquisition Corp. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: High security standards|Stable platform|Customizable dashboard
Cons: No fractional shares
CLC Acquisition Corp had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Fast deposits|Market news feed|Clear documentation|Low minimum deposit
Cons: Limited demo account features|Spreads widen during volatile periods
I opened an account with CLC Acquisition Corp for close to eighteen months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: No hidden fees|Comprehensive tools|Fast execution
Cons: Minimum deposit could be lower
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. CLC Acquisition Corp recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Good analytical tools|Demo account available
Cons: Wait times can be long during peak hours
My withdrawal request from CLC Acquisition Corp has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Segregated accounts|Dedicated account manager
Cons: Search feature is basic
CLC Acquisition Corp locked my account without warning and demanded documents I had already submitted. for about ten months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Excellent charting|Demo account available|Full transparency|Social trading features
Cons: Would like more payment methods|Onboarding videos are outdated