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Clark Financial Review | A Good Possibility To Be Scammed?

by Kevin Berry
Rating: 
  1/5   Reviews: 3
Clark Financial - logo

Are you considering investing with Clark Financial? Think twice before trusting this company with your hard-earned money. The internet is filled with reviews from people who claim they were scammed by Clark Financial. Our investigation into the company reveals a disturbing lack of transparency and accountability. Read on to learn more about the shady practices of this brokerage and why you should steer clear.

Highlights

🏛️ Country UK
⚠️ Regulation
🖥️ Website https://www.clarkfinadv.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage
⚙️ Trading Platform WebTrader
📨 E-mail support@clarkfinadv.net
📞 Phone +442086383070

First Impression of Clarkfinadv.net

The official website of Clark Financial gives a negative impression. Several drawbacks contribute to this impression. For example, poor design. The website’s design looks outdated and unprofessional, with a cluttered layout that makes it difficult to navigate. The color scheme is also unappealing and doesn’t provide a pleasant user experience. Besides, the website lacks essential information about the company’s services, team, or expertise. Visitors may find the platform challenging to understand what the company does and how it can help them.

Clark Financial - website

Partnership and Bonuses

Clark Financial does not have a partnership program, but it does offer deposit bonuses to its clients. However, the specific amount of the bonus is not indicated and likely varies depending on the deposit amount. While bonuses may seem like an attractive incentive, it is generally not good practice for brokers to offer them. Here are a few reasons:

  1. Offering bonuses can create a conflict of interest between the broker and the client. The client may be incentivized to make trades or take risks that are not in their best interest, just to receive the bonus.
  2. Bonuses may come with hidden costs or terms and conditions that are not immediately apparent. Clients may find themselves subject to withdrawal restrictions or other fees that they were not aware of when they initially accepted the bonus.
  3. Bonuses can create unrealistic expectations among clients about the profitability of their investments. This can lead to disappointment and frustration if the client does not achieve the desired returns.

Account Opening on Clarkfinadv.net

The registration process with Clark Financial is quite simple and straightforward. Users can sign up for an account by completing a brief online form that requires basic personal and contact information. However, it is important to note that it does not appear to verify email addresses or phone numbers, which could pose a security risk for clients. This lack of verification could mean that Clark Financial is not taking adequate steps to make sure that the individuals registering for accounts are legitimate.

Registration

Furthermore, the Client Portal provided by Clark Financial appears to be quite basic and template-driven, with minimal functionality. This can be frustrating for traders who may be seeking more advanced tools and features to help them manage their investments.

Clark Financial - Client Portal

Verification

Clark Financial requires verification from its clients before they can start trading. Clients can submit their verification documents either through the client portal or by mail. The broker requests a standard set of documents, which includes proof of identity and proof of residence. There is nothing extraordinary or out of the ordinary in terms of document requirements.

Pros
  • It is convenient to upload copies.
Cons
  • The broker doesn’t indicate how long it will take to verify documents.

Trading Software

Clark Financial’s trading platform is quite limited and disappointing. The broker only offers a web-based terminal, and there is no dedicated mobile app available. Furthermore, this WebTrader itself is quite basic and lacks many of the advanced features or tools that are available on other platforms. This can be frustrating for experienced traders who may be seeking more sophisticated charting and analysis tools to help them trade.

WebTrader

Features Clark Financial OceanFX CED Capital Limited
Demo Account
Mobile App ✔️
Own Development ✔️

How Can I Trade With Clark Financial?

Clark Financial offers standard CFD trading with no unique or exclusive features on its website. The broker has a total of seven different account types available, which may seem excessive.

All Info About Accounts

It appears that Clark Financial focuses more on catering to wealthy traders, as the best trading conditions are reserved for them. Meanwhile, novice traders are left with less favorable conditions, perhaps in the hope that they will upgrade to a higher account type.

For instance, beginners are limited to trading only one type of asset, likely currencies. In addition, they are offered one insured transaction as an additional service. However, it is unclear what this insured transaction actually entails, as there is no such thing as insurance when trading on real markets. The lack of information on leverage and spread sizes is also a concerning omission from the platform. Overall, it seems that Clark Financial really needs all of your money.

Pros
  • A small minimum deposit.
Cons
  • Ridiculous services
  • The broker is focused on wealthy clients.

Market Analysis and Education With Clarkfinadv.net

Clark Financial offers market analysis and educational materials on its website. However, the quality of these resources is questionable, especially since the entire team behind them is anonymous. Traders need to have confidence in the expertise and transparency of the individuals providing educational and analytical content.

Deposit, Withdrawal, and Fees

Clark Financial provides options for depositing and withdrawing funds. You can choose to fund your account using Visa and Mastercard, make a wire transfer, or deposit cryptocurrencies. These payment methods are also available for withdrawing funds. The speed of the deposited funds will depend on the payment system chosen. However, it may also depend on Clark Financial’s willingness to process your withdrawal request.

Features Clark Financial Overton Partners Ltd  Trezo Capital
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments
Crypto Transfers
Deposit Fee ✔️ ✔️
Withdrawal Fee ✔️ ✔️

How Can I Contact It?

After reviewing the contacts, we found that there were no apparent issues with the provided details. The website displays a phone number and email address for communication purposes. However, we noticed that the address listed on the website differs from the real company’s address.

Pros
  • Full contact details.
Cons
  • The address is different.

Is Clark Financial Dangerous?

So far, we have not found any hint that Clark Financial is an honest and reliable company. Therefore, we will continue our investigation.

How Long Does The Broker Work?

Clark Financial has only been operating for a couple of months. Their website was created on January 12th, 2023. It is not advisable to collaborate with such brokers because of the following reasons:

  1. New brokers do not have a well-established reputation in the market. As a result, it becomes challenging to assess their credibility and reliability.
  2. Newly established brokers may lack experience in the industry, which could affect their ability to provide quality services to clients.
  3. There is a higher risk of scams with new brokers as they may not have regulatory oversight or established policies to protect their clients’ interests.

Вomain info

How Is Clark Financial Regulated?

Clark Financial claims to be registered in the UK. In the registry, we found such a company. It was incorporated in 2013. Financial intermediation, which is not classified anywhere, is indicated as services in the profile.

Legal entity check

However, all British brokers or investment firms are required to log in to the FCA register. Clark Financial Advisory Limited is authorized in this registry, but not as a broker. This firm has no right to hold or control client money. It is allowed to give financial advice to clients. According to its name, this company is really just a financial adviser. The pseudo-broker we are currently considering is simply posing as an original company.

License check

Features Clark Financial Trezo Capital Nexon Groups
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With Clark Financial?

To trade with Clark Financial, you need to register and verify your account. Next, you can fund it and start trading.

Is Clark Financial Legit?

Clark Financial claims to be registered in the UK, but we have found evidence that suggests otherwise. They are not authorized to hold or manage client funds, which is a red flag. It is also unclear if they are regulated by any financial authorities. 

How Risky Is It?

There is a high risk of trading with Clark Financial because this broker is a fake.
Kevin Berry
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Expert Opinion

This so-called broker is nothing but a bloomin’ scam artist! They’re tryin’ to pass themselves off as a legit company, but get this – their name ain’t even on the FCA register as a broker. They’re pretending to be a proper financial advisor, but they ain’t got no right to be holding’ or controlling’ anyone’s money. If you ask me, steer clear of these jokers and find yourself a real broker who won’t try to pull the wool over your eyes.

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Clark Financial rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about Clark Financial

Miles March 10, 2023 - 15:06
It is a disgrace to the brokerage industry.
The level of trust

Clark Financial uses deceptive tactics to lure innocent people into investing with them and then rob them blind. Their customer service is non-existent and their trading platform is full of glitches. I would never recommend this broker to anyone.

Reply
Luke March 23, 2023 - 17:49
I wish I had read the reviews before investing.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

They promised me big profits and convinced me to deposit more and more money. But when I tried to withdraw my funds, they kept giving me excuses and delays. In the end, I lost everything. Don’t make the same mistake as me. Stay away from this fraudulent company.

Reply
Emma March 29, 2023 - 12:25
Clark Financial is a complete scam!
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I deposited my hard-earned money with them and they just disappeared without a trace. They didn’t respond to any of my emails or calls.

Reply

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