Let's figure it out: CharingCrossGroup.com scam or an honest company.

Charing Cross Group

 The broker works on Forex, provides advice on trading currencies, precious metals, indices. It also has access to cryptocurrency platforms and ways of exchanging for fiat.

True, initially this company was aimed at European users, mainly English-speaking. In addition, the service has an official London registration.

Today, Charing Cross Group reviews show that the clientele among the investors is still European mostly. According to the statistics provided by the company's website, there are more than ten thousand users from fifteen countries.

 

Broker CharingCrossGroup.com review: what we know about it

Registered in the City of London.

The full address looks like this:

Heron Tower, 110 Bishopsgate,

London EC2N 4AY United Kingdom

 

It is worth mentioning a few important facts about the broker that a potential client needs to know:

  • According to the user agreement and service agreement, the company provides only recommendations (does not give advice, is not responsible for the final decision-making by the client);
  • If the trading rules are violated (margin decreases below the minimum limit), the company freezes the account;
  • When a client tries to commit fraudulent actions, the broker can close access to the account, close the account, return the money invested by the client, minus the amount of the commission for the services;
  • The company supports the AML program, that is, it requires verification from its customers, not allowing large transactions without personal identification;
  • Broker is a KYC participant, which also requires mandatory verification;
  • This company gives access to trading in the markets of currencies and precious metals, as well as access to cryptocurrency exchanges. However, for VIP clients there is an opportunity to expand the number of assets on individual terms;
  • There is an affiliate program involving referrals, but a broader affiliate program is also available for marketing purposes - for websites, blogs and media.


Website of Charing Cross Group review

The main page of the company's website already contains all the basic information for the client: contacts, payment systems for depositing and withdrawing funds, details on investment portfolios.

In the same place, on the first scroll, we can see the menu in the upper menu:

  • The first panel - "About us":
  • Brief info about the company and its advantages;
  • Account types;
  • FAQ;
  • Analytics;
  • Education;
  • Affiliate program.

 

There are no populist attempts to tell the whole world about the basic strategies, but there is a clearer plan of action:

  • Economic calendar (look in the "Analytics" tab). A slice of market prices, forecast of fluctuations (taking into account seasonality, expert opinions and emerging trends, regional characteristics and events - enter what you are looking for in the calendar search bar)
  • Platform (web terminal based on MT4)
  • Tariff portfolios, including daily market monitoring, analytics.

The “Documents” tab deserves special attention, where there are documents defining the mutual obligations of the service and its users. The documents have not been translated into any other language, considering the user agreement - it is logical, since a separate provision fixes the English version as the main one, even if the translation was posted. Materials about data encryption, confidentiality obligations, verification requirements and participation in international programs, as well as messages about risks and refunds are all posted in the original, which does not allow for double interpretation.

 

Users Charing Cross Group reviews

The site does not have a special section for reviews (and, perhaps, it will not appear), so you need to look for responses on other sites. CharingCrossGroup.com reviews can be found on a reviews websites, in search and social networks.  

 

As a result, the top 5 review topics:

Fast withdrawal of funds. The company is praised for having multiple withdrawal methods. Withdrawal request is created electronically and sent to support. Charing Cross Group scam preventing department checks every transaction.

Good start. So far, the broker is more often chosen by newbies who suit the conditions (small size of the standard tariff, from 250 euros)

Nice tools. The presence of a large number of orders, spreads from two pips, long and short positions, CFDs, trailing stop, etc.

Margin trading. The leverage is 1:100.

Convenient access to Forex. All currencies. Working with several assets at the same time. Convenient terminal.

Our conclusions: the site was able to attract novice traders and managed to earn respect (first of all, because it normally withdraws money, without delays).

 

Unlike the Charing Cross Group, scam in the brokerage environment come across, first of all, on the fact that their money is constantly "stuck".

 

Among the negative reviews, the most complaints are about the strict requirements for full registration in the service. It is possible that for the EU segment, these requirements are even more stringent (not only scanned documents, but sometimes even a telephone interview, sometimes you need a photo and several types of documents), because all the procedures are required for the most secure trading. But according to charingcrossgroup.com scam investigators, those methods are absolutely necessary.

 

Account types

There are five types of client portfolios in total. They differ from the "market average" ones in that they immediately clearly divide the audience into three groups, instead of dividing them into several types of tariffs within each.

Accordingly, the approaches to these client groups and the available opportunities are different.

But the size of spreads and leverage for all tariffs are the same, which significantly increases the potential of beginners.

 

Charing Cross Group reviews about the basic terms of cooperation

According to the position of the Charing Cross Group scam on the site is not tolerated under any guise. Therefore, such verification requirements are necessary. Documents you need:

  • photo of a valid passport;
  • photo of credit cards (the first 12 digits of the number and CVV must be covered);
  • screen of utility bills (thus confirming the country of registration, otherwise there are “smart people” who trade from American IP addresses);
  • a statement (check) for an online purchase (where it is clearly visible that the buyer and the trader are one person).

Moreover, in case of problems with verification, the site has the right to demand physical (on paper) copies of these documents, and even official translations (through a licensed translator).

Account can be freezed under the suspicions of trying to launder money through the service platform. Moreover, if some mistakes were simply committed during the transactions, the money will be returned to the personal account (minus commissions). And if it is obvious that the funds were “laundered”, this attempt will be reported to the cyber police.

This sounds very strict, but it actually works in the clients' favor. The average trader who trades in order to make a profit and create a financial cushion and a constant source of income for himself is unlikely to launder millions. Thus, regular users will find the verification no more demanding than at any other site in our time.

 

CharingCrossGroup.com reviews

Broker has recently entered the market and offer favorable terms of cooperation to traders - beginners and experienced ones. This broker is supported by its British registration, more than ten years of experience, the presence of more than ten thousand investors, the connection of analysts and technical managers, a convenient terminal, up-to-date quotes forecasts, timely withdrawals and basic training programs.


personSimpson Barry 24.03.2021
I was looking for a broker working with MetaTrader trading platform. It is clear that in addition to this, under the conditions I needed minimum spreads and a stable positive reputation among traders. I do not really trust ratings, there was once an unpleasant experience. Then I fell for a beautiful advertisement of one broker, but it turned out that all the reviews about him were paid for, that is, fake. Therefore, I googled little-known forums in search of real feedbacks, I already had smarted eye. A lot of information came across, of course. I stopped with my priorities on several brokers, and decided to start with the Charing Cross Group, the youngest one. Due to convinced reviews. The broker works for almost two years, conditions have never changed. No demos, basic entry threshold low, static spreads. Immediately inputed three hundred. For two months, there is still a small profit. For any question, tech support is ready to answer and help. You bargain yourself, but managers can suggest further steps in a drawdown. Money always comes at the current rate. So far, I have not deduced anything, but I know that the broker does not set a commission fee. I plan to fill up to five hundred in a couple of weeks.

personMorgan Francis 04.04.2021
I like MetaTrader. Excellent stable platform for beginners and confident traders, besides with its own application for tablets and smarts. It is very convenient when you often trade on the go, on the road. You are always in trend and you can follow market changes in real time. When I decided to change the broker, I went through all the variants with MT. In the previous one, at some moment I was disappointed, there began to be incomprehensible draining of funds began, and then I realized that's what it's all about elevated quotations. Now I have moved to Charing Cross Group, in my EUR / USD pair there are average market quotes. The spreads are static, there are no disconnects yet, orders are executed quickly and without frequent slippage. I understand that the broker is recently on the market, it does not have training webinars, demos, tournaments, contests and other entertainment content. But there is a sane support and the possibility of scalping.

personLamb John 10.04.2021
I decided to unform about the impressions of working with Charing Cross Group. What I wanted to get from a broker: no kitchen, maximum profitable spreads, adequate market quotes, convenient terminal, quick ordering, no problem with I / O, availability of all necessary currency pairs and an affordable base deposit. On all my points of work with Charing Cross Group, I am satisfied. What is missing: I can’t get a call to tech support right away, there are no demo accounts, mass training tools, insurance for entry-level, inter-trading tournaments, promotions, contests and a choice of platforms. MetaTrader 4 is quite suitable for me, but that's all there is. I prefer small transactions, there were no cancellations. I withdrew the first 20 bucks of profit for the test, for this I had to go through verification. After 45 minutes the money was already on the card.

personStrickland Douglas 07.05.2021
My evaluation for Forex broker Charing Cross Group - I put a solid four. In principle, there are no ideal brokers, in the sense to please everyone at once. But it was here that almost everything suited me. Very simple registration, input at the current bank rate, instant start of trading after the first deposit. There are no complaints about the execution of orders, not counting easy braking with volatility, but here everything is objective. I did not dare to climb into the storm, but in general there were no disconnects in operation, requots happened a couple of times. Static spreads. And, by the way, I know that for my pair of NZD / AUD spreads are slightly lower than in general in the market. I don’t keep track of the rest, so I don’t know how to deal with them. Leverage is 1: 300. There is no brokerage commission for withdrawal; only bank interest can be charged depending on the conditions of your bank. I like this most probably. Offensive that sometimes you have to wait for the connection with tech support, apparently there are not enough people, but the managers are smart, they respond politely and patiently.

personCook Warren 23.05.2021
I want to share fresh impressions. I didn’t have the experience of trading from a real account before Charing Cross Group broker, I learned on with micro and demo accounts of other ones. As a precaution, at the very beginning I called to technical support three times, until I figured it all out and stopped panicking. Register quickly, put three hundred dollars and trade immediately activated. As for me, the ordering is just instant, nothing is hanging by the minute. One day I watched volatility and speed reduction, but I did not dare to experiment, I trusted the system. While little experience to climb in a storm. According to trade terms, the broker has static spreads, for me it is very convenient, you can plan a strategy. Chose a pair of EUR / USD. I compared market indicators, here quotes are slightly lower than market ones. So far, I’m only dreaming about income, it’s too early to talk about profits, I’m just learning. I know that there is no commission for withdrawal, there can only be bank interest.

personMaxwell Christopher 01.07.2021
Looked through all the thematic forums, while I was determined with the broker. I wanted to work steadily and not to jump every 3-4 months in search of more comfortable conditions. In principle, the young broker Charing Cross Group more or less approached my requirements. Although I was a little prejudiced by the fact that he was only about two years old. I talked with technical support, found out everything, opened an account. Figured that I can start at five hundred dollars with a leverage of 1: 300. Let's see how it goes, maybe I will add more. Here are static spreads, slightly below market average. No commission for input and output. By the way, there is no conquering content on the site, from the word "all". No tournaments, contests, bonuses for topping up or holiday promotions. Broker is only for quiet work exactly. Platform Metatrader 4.

personReed Harvey 10.07.2021
At the end of the summer I opened an account with Forex broker Charing Cross Group. Initially I forgot to eat and sleep cos I was all on adrenaline. Tested all the tools, experimented with strategies. A couple of times I flew into drawdown and spent a whole hundred dollars in a couple of days. Thanks to support, they helped me get off easy. When I tried everything, I calmed down, sat down and thought. It’s time to decide on one strategy and stick to the chosen line for a while. I understood that without psychos and unmotivated chaotic actions on my part, it was absolutely realistic to go to profit! Static spreads, leverage of 1: 300, disconnections were not, as well as requotes. Until the end of the first month I returned a merged hundred dollars and even added a little from above. It is clear that I immediately decided to withdraw. I did not look at the time, it turned out that it was too late. Therefore, my bid was processed only in the morning. The manager called me back, he helped me pass the verification and somewhere an hour later, the money calmly came to the card.

personWatts Blaise 19.07.2021
After the last new year, I registered on the Charing Cross Group broker site. I like scalping, and also prefer medium-term orders. Technically, the broker has all the conditions for this, so I tried both. Order processing speed is excellent. I set my mid-terms mainly for technical analysis, I don’t like to take risks, therefore I tried scalping rather for trifling and a test of the system’s work. I use an external program, sometimes I involved a local analytics. No complaints, convincing accuracy, works with large volumes. But in this case, you have to constantly sit and control the situation, but I don’t want to waste time monitoring events, everything is much easier with the chosen strategy. I have already withdrawn on the card and webmoney, there is no commission, in time it took from half an hour to a couple of hours. In general, I am satisfied.

personPope Ambrose 22.07.2021
I think that every trader must try at least once to work with someone from the top dozens of forex brokers to create his own opinion about the level of services provided and to better understand own capabilities and preferences. I had the experience of trading with Alpari. I liked the speed and quality of analytics, but I left because of uncomfortable for me spreads. I tried a couple of brokers, now stopped at Charing Cross Group. The broker is young, relatively ambitious. At least, technical support pleases with the level of competence and relevance of trending knowledge. Static spreads, no commission for input and output. Very convenient terminal MetaTrader 4 allows you to trade on the road from the tablet. I am constantly on business trips, so the platform application is just a great help. In addition, the papers are signed exactly once at the first conclusion, which makes it easier every time to withdraw on the road. I would not have mastered the paperwork if I had to sign them every time.

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