Clearwater Commodities Futures and Commodities Trading Brokerage has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 852 64382549, Fax 852 30100601
Addresses: 10F 2IFC 8 Finance Street Central and Western Hong Kong Island Hong Kong 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.clearwatercommodities.com.
I requested my data from Clearwater Commodities Futures and Commodities Trading Brokerage under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Full transparency|Intuitive for beginners
Cons: Spreads widen during volatile periods|None so far
Do not believe the bonus offer from Clearwater Commodities Futures and Commodities Trading Brokerage. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after hearing about them at a conference and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Economic calendar|Competitive fees|Full transparency
Cons: Would like more payment methods|Limited cryptocurrency options
Do not be fooled by the professional-looking website. Behind the scenes, Clearwater Commodities Futures and Commodities Trading Brokerage is disorganized and incompetent. I found them through my accountant's suggestion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Comprehensive tools|Multiple order types
Cons: Account statements could be more detailed
The spread at Clearwater Commodities Futures and Commodities Trading Brokerage is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: Multi-device support|Easy to use platform|Smooth onboarding|Intuitive for beginners
Cons: Account statements could be more detailed|Search feature is basic
Clearwater Commodities Futures and Commodities Trading Brokerage seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Helpful community forum|Clean UI|Competitive fees
Cons: Nothing significant|Currency conversion fee exists