What is known about the brokerage company: Charing Cross Group scam or not?Johannes Röll 15 / March / 21 Visitors: 211
The focus is on new brokers who began to appear, offering favorable conditions and lure traders to cooperation. There are many fraudulent ones among these offices. For our part, on our website we try to debunk the myths about brokers who came only to profit from gullible investors and separate them from honest workers of the financial field.
According to the results of our analytical department audit, the question if there’re any signs of Charing Cross Group scam has only one reply: no. The company has recently entered the market and this does not have a very good effect on its reputation yet. But if you dig deeper, this broker has been trading in Forex for 11 years.
Facts About charingcrossgroup.com review
The company operates online, but the head office and registered office are located in London
- What does it do? Intermediary services for investors wishing to participate in the trading of currencies or other assets.
- Experience. 11 years in the UK (and the EU), more than a year in the CIS.
- Number of clients. More than 10 thousand.
- What markets does it offer? Foreign exchange trading prevails, there are entries to the market for raw materials, indices and stocks.
- How trading works. Traditionally: spreads, commissions, micro lots, all available orders, leverage.
- What platform is being used. Own web development combined with Meta Trader 4 functionality.
- Is there a mobile app? Yes, for devices on Android, iOS.
- Mediation type. Recommendations (and this is spelled out in the documents, it is important to read carefully), monitoring and analytics.
- How does tech support work? In 24/5 mode, that is, with two days off.
- How to withdraw funds? Through payment systems and to bank accounts.
- Verification. Yes, it is required.
- Minimum contribution. Yes - 250 euros.
- Tariffs. 5 main portfolios.
Those are the basic facts about the company, learned by working with its web resource, reviews and by corresponding with the customer support department.
To form your own opinion, it is better to take a closer look at each point.
The official website of the company is located at charingcrossgroup.com
Charing Cross Group reviews
Finding the company charingcrossgroup.com reviews was not so easy. But after check through the net, we’re got a sufficient number of assessments of the company, its advantages and disadvantages.
There are dozens of reviews, which is not surprising, given the period of work on the market. Even if we add that the company did not conduct a large-scale marketing campaign, a lot of traders gathered at this trading platform after all that time. And they are sharing their opinions, too.
However, there was no evidence that charingcrossgroup.com scam.
Charing Cross Group has earned positive reviews:
There are no complaints about the withdrawal of funds to the broker. In fact, there are much more positive reviews about money withdrawal than negative ones.
Charingcrossgroup.com reviews show that the company provides excellent service. The support works efficiently, technical issues are resolved as quickly as possible.
Conditions are suitable for beginners. The standard tariff allows you to enter with an amount, conditionally, from two hundred dollars and immediately receive several recommendations from professionals.
There are, like in any other company, some minor delays in the withdrawal process. We did not find any information in charingcrossgroup.com reviews about the complete stop of the transfer, but there are some mentions on the waiting time (up to a day);
Most cases include technical failures (for example, the support service responded only a day later, because the request was made on the weekend, that’s why the delay appeared).
It is important to note that there is not a single complaint about the platform itself or its convenience.
Terms of cooperation
According to Charing Cross Group reviews, you need to start cooperation with registration. Charingcrossgroup.com scam preventing service carefully checks every registration. The form for filling out is quite standard: name, country of residence, e-mail, contact phone number, login and password, as well as date of birth.
User registered in the service:
- gets access to portfolio plans;
- can start negotiations with customer support;
- can open a demo account (which does not give the right to trade);
- has the opportunity to explore the trading platform.
This is where the pre-deposit possibilities end. Verification is required to gain full access to the instruments and trading platforms.
According to the terms of cooperation with Charing Cross Group, scam and any kind of dishonest fraud simply cannot happen. The broker has authorized several international programs to protect its trade reputation, including the program against money laundering (Anti Money Laundering) and Know your customer. This last one, KYC, strains even ordinary traders, since it requires screenshots and photographs to be verified. However, this is protection for all participants in the process.
Charing Cross Group reviews show that for those who traded on cryptocurrency exchanges or used exchangers, the verification procedure will not be anything new: you will need to provide screenshots of your passport, document confirming your place of residence (even a utility bill is suitable), bank statement or purchase receipt. It is extremely rare when support also requests a photo of a client with a document in his/her hands.
After verification, the user will be able to select a suitable portfolio and, having deposited funds, receives the access to trading. Depending on the tariff plan, a package of services and access to certain markets will be provided. Most clients trade currencies with Charing Cross Group, but some (at premium rates) get access to other types of assets.
The site also has a Calendar section dedicated to analytical forecasting of market trends (based on the expected impact of planned political and economic events, seasonal and climatic factors, international business and investment situations; for example, in connection with the Covid pandemic).
There are 5 types of portfolios designed for beginners and experienced traders, as well as large investors.
Most often, investors choose the average tariff, since it allows combining several types of assets and leads to closer cooperation with the analytical department of the company, allowing them to receive high-quality daily monitoring of market prices and other pleasant additions.
Deposit and withdrawal of funds
You can deposit or withdraw funds using a bank account or payment system. The service also allows transfers to a digital wallet.
How the withdrawal process works:
The minimum amount for withdrawal is reached (depending on the market);
A request for withdrawal of money is created - to the technical service of the company (at email@example.com), this must be done on a weekday, indicate the withdrawal method;
The wait is from several hours to 24 hours (if the request is made on a weekend, then it will be processed only on a weekday). At this time charingcrossgroup.com scam preventing service checks the transaction;
For questions about freezing money and other technical hiccups, it is better to write directly to the support (at the specified address or through the feedback form on the site).
For the most part, customers have no problem with withdrawing money if you read the reviews. And if you’re looking for Charing Cross Group scam reports, you’ll find out that fraudsters usually have just problems with withdrawing funds (and clients understand this very quickly).
- Electronic wallets: Web Money, as well as Bitcoin wallets and others for crypto coins.
- Client's account in any bank: Visa, Mastercard systems.
- Payment systems: Scrill, Neteller, Qiwi.
Traders' attitude to the quality of deposit and withdrawal of funds
Charingcrossgroup.com scam or legit? That’s the question that has the best reply of all, based on withdrawal process of the company. At the moment, there is no argument that the company is delaying payments. However, the broker warns: technical failures happen and, in general, are processed by the support in shortest possible terms, and the sooner they are reported by customers, the sooner technical service will manage to resolve the issue.
Most of the traders are satisfied with the cooperation with this company.
Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer
McLaughlin Nicholas 06.05.2021
I began to meet reviews about Charing Cross Group more often somewhere in the winter, but not on top sites, so I didn’t take this young broker seriously. So, noted it to self and that's it. Now there is a large selection of forex brokers, and there is someone to choose from. I remembered about him about six months later, when FixPro recalculated prices in a new way, and I lost all sense to work with him further. I tested a couple more variants. And then I thought that I would not lose anything if I tried to work with a company unspoiled by fame and popularity. I must say that the decision to start trading with Charing Cross Group should be made if you have your successful trading experience. You can hope, of course (and this is justified) for sensible local analytics and the help of competent support, but I warn you that for beginners it will not be easy here at first. There are no training webinars, demos and micro accounts, at the basic level there is no insurance. And no one is going to entertain you - the broker does not hold tournaments or competitions. So, if you are ready to fill the bumps on the way to your profitable strategy, here you will find yourself, but if you want everything to go as if by magic, then it is better to practice on other brokers.
Gilbert Dennis 29.05.2021
Six months ago, I finished online training of exchange tricks and decided to open my first account. As I was recommended, at first I indulged with demos from different brokers. Ashamed to remember but even there I managed to merge a couple hundred bucks. I trained every day, then self-confidence came, and my knowledge in the head was systematized. A month later, I opened a real account at Charing Cross Group. I put three hundred dollars on a basic level, trading with a leverage of 1: 300. My hands were still itching to return to the demos and try different strategies, but this broker, as it turned out, does not have any demo or macro accounts. As far as my experience and understanding are enough, here are normal spreads, fixed. Reliable and predictable MetaTrader 4 platform. Fast ordering, almost like demos from other brokers. It only turns out that with a demo you can only create local deals, and on a real account everything goes to the external market.
Freeman Christopher 04.06.2021
I have studied the conditions of different brokers for the last couple of months, becouse wanted to choose more suitable conditions and examine the availability of offers in general . As last option I chose TeleTrade, but in the end I did not like the high commissions. Then I was prompted by acquaintances of a little-known, but increasingly popular option that is broker Charing Cross Group called. Looked at the proposed conditions, at first glance, everything is OK, good. Since the end of October, I am already here. Slowly I trade and learn at the same time, try different strategies and trade clearly on them. I could get a plus earlier only on demos, and the real accounts with other brokers most often flew into the negative, and the profit went purely for luck. Here, static spreads, and fairly low, I manage to plan. I also managed to get a drawdown a couple of times, and I had to get in touch with managerial support. So to the folks from support, thank you, they understand everything, I'm not the first and I'm not the last. Helped with tips, how to get out at least to zero and not much merge. It is a pity that there are no local demo accounts, bit if you have at least some level of basic knowledge, then you can get the hand of real transactions rather quickly
Kennedy Horace 15.06.2021
The first impression of the broker Charing Cross Group, it was not created by newcomers to the business, although the company itself seems to be relatively recent in the market. IMHO, and support, and analytics, and the system itself is developed by those who learned through mistakes on real transactions and knows all the ins and outs of trading. Everything works well, stable. I didn’t see any left intervention by managers, they don’t paint spiers and I don’t twist anything behind my back, this is not a kitchen and not a scam. The falks want to earn themselves, giving the same opportunity to others. The spreads are static, they suit me. I trade a pair of dollar euro since the end of summer. Withdrew a couple of times on the card, the only bank commission was taken. It would be possible to add contests and tournaments, I think it will be done with time. I also hope that they will take additional people to the support staff, because it is impossible to get through the first time. You have to wait for a few minutes when the line is free.
Clarke Donald 19.06.2021
The more experience I gained, the more I saw the lags of various brokers. In the latter case, I was strained by the analytics from Gerchik and Co. I traded there just for some luck, hit or not, 50 to 50. When I got tired at the end, I left and started looking for some suitable company, maybe a top one or vice versa, fresh and without boast. In the first case, I seriously thought about Alpari, but the conditions did not suit me. Then according to reviews I went to the Charing Cross Group. They wrote there, like, do not look at youth age, the analytics there is mature and confident. Well, I was not deceived, though I was afraid to get a scam, of course. The volumes are different, it is possible and large, everything is comfortable and optimized. Nothing outstanding, in general a standard set of tools. MetaTrader 4 platform is enough for me. Ordering smart, static spreads, no commission for withdrawal, and for input too. Average market quotes. Only four tariff packages. Low threshold, as for me.
Nicholson Damian 19.06.2021
Moved to Charing Cross Group after the delays began with the withdrawal from FreshForex. For 4 months I withdrew two times, by the time it took up to an hour. And time does not depend on the sum, you can withdraw though 10 bucks, though five hundred. The only bank commission was taken, the broker does not put a percentage of either input or withdrawal. The system works stably, without disconnects and almost without slippage, orders are executed almost instantly, not counting storm days. I’ll say right away that there are no demos and micro accounts here, but for me personally these options are associated with the kitchen, so I wouldn’t fall for this functionality. The broker works with real accounts and brings deals to the external market. Spreads are static, quotes on average correspond to the market or slightly lower. The organization of communication with support has been incomplete. You can either write an email or call them, and even then, it is not always possible to get through the phone right away. It is worth thinking about screwing the online chat to the site or making manager contact on Skype or any other messenger.
Barber Kelly 24.06.2021
For a month of trading with Forex broker Charing Cross Group, I did not see a change for the better. The system is still the same bare. On the one hand, it’s certainly easier. No spreads, tricks, commission only for spreads, technically no failures, no disconnects, orders are executed promptly, without requotes. On the other hand, there are only four user packages, there are no additional financial services at a basic rate, there is not even insurance. No tournaments, promotions, bonuses. No training webinars. If you want entertainment, then of course you get bored. If you just need to work and earn, then for this, in principle, everything is there. You can even scalp. Support works equally well with all rates. MetaTrader 4 platform, you can work with your smart. By the way, when I went into a storm in a minus, the system itself leveled out promptly and restored to zero.
Harmon Edward 30.06.2021
What I liked right away when opening an account with Charing Cross Group was the quick registration and automatic start of trading after the first deposit. All papers and paperwork needed only when you first withdraw. All the subtleties I found out with the managers from phone support. The guys honestly warned that many of the expected services, such as demo accounts, the broker does not have. But the company compensates for the lack of entertainment content with excellent analytics and sensible support. Well, the system itself is stable. Orders take one or two seconds. No requotes, no disconnects ever. There is no commission for withdrawal, which is nice. Spreads are rather below the average, if you look at the market, besides they are static. MetaTrader 4 platform, no complaints at all, it might be worth adding more tools to the basic level + a special package for scalping lovers. The overall impression is normal, stable, predictable.
Walton Rudolf 02.07.2021
Honestly, I was pleasantly surprised the other day that reviews about the broker Charing Cross Group began to appear on the network. At one time, the year before last, when I first registered there, it was difficult for me to find at least some information beyond what the company itself provided. In fact, I would not have contacted this broker if I had not been advised by an acquaintance whom I trust in exchange affairs. I made sure in the first two or three months that the broker was stable, adequate in terms of conditions and quality of work. Of course there are some little annoying things. For example, did not expand the list of additional services. There are no different webinars, communication with the support is not always available from the first dialer, and no way to get in touch quickly online. Only through email. Almost every month there were one or two disconnects, but this is at a very active load. In general, the speed here is excellent, everything works efficiently both for opening / closing and for input / withdrawal. About half an hour or an hour goes to the processing of the bid and the withdrawal itself, if in the daytime. If you leave a request from late evening, then wait for the morning. I started with five hundred. Leverage of 1: 300 is the same for all tariffs, both for basic and for VIP.
Dixon Richard 18.07.2021
In the middle of December, I opened an account here at broker Charing Cross Group. Everything went pretty quickly, even strange and unusual. I went to the minimum, 250 bucks. Traiding opened automatically after input. Under broker conditions, the leverage 1: 300 is the same for all packages, static spreads vary in price depending on the tariff. There is no commission for withdrawal / deposit. I have not tried withdrawing yet, of course. Input is at the current rate of the bank. Super convenient and high-performance trading platform MetaTrader 4 has all the tools for a successful start. I called technical support a couple of times to check the competence and the attitude to the client. I am quite satisfied, the falks are very sensible, experience and constant practice are felt at once. It’s a pity, for the first time I had to hang on the line for a couple of minutes waiting for a connection, and the second time I put it on an auto redial and connected it in about a minute.