Clarity Market Review

Clarity Market is an international brokerage firm that started in 2022. It offers services in various financial markets like Forex, Stocks, Indices, and Cryptos. The platform says it’s a versatile broker. It focuses on fast order execution and offers many trading instruments for its global clients. Some might find Clarity Market Resources attractive for investment. You might have heard recommendations for it. This might make you wonder if it’s safe to use. In this article, we’ll analyze the broker’s services and offerings to determine if it’s safe or a scam.

🏢 Headquarters	China
🗺️ Company Name	Clarity FX
💻 Regulatory Status:	No Regulation
🗺️ Type of License	No license
💰 Should I trade with it	No (We don’t recommend)
⭐ Scope of Business	Suspicious

Trading Platforms

A Forex Trading Platform is software that connects traders with brokers. Choosing a reliable platform is the first important step when entering the foreign exchange market. Clarity Market uses the MetaTrader 4 platform, which is widely respected. It works on Desktop, Android, and iPhone/iPad devices. This means traders can trade easily on different devices, making trading accessible and convenient.

MetaTrader 4 is a versatile and feature-rich platform. It offers many tools for traders to analyze markets, make trades, and use automated strategies. Many traders around the world prefer it because it’s reliable and widely used in the global financial markets.

Pros and Cons

Pros	Cons
Clarity Market offers a wide range of market options. You can trade Forex, Stocks, Indices, and Cryptos, giving you many choices for spreading out your investments.	The platform is not regulated. This means there are higher risks involved, including security vulnerabilities and less transparency. Your funds and trading experience may be at significant risk.
You can use a demo account. This is a useful tool for practicing without risking real money. It helps you learn how to use the platform and understand trading conditions.
Orders are executed quickly. The platform ensures fast processing of trading orders, giving users a responsive trading experience.

Leverage

Clarity Market offers different account types. Each account type has different maximum leverage options to suit different trading styles and risks. The Micro Account has a maximum leverage of 1:1000. This high leverage can be attractive to traders who want big returns with small investments. But it’s important to be careful with such high leverage because it comes with high risks.

The Standard Account has a maximum leverage of 1:400. It balances between increasing trading potential and managing risks. This account suits many traders as it allows for different trading strategies. The ECN Account also has a maximum leverage of 1:400. It gives direct market access, letting traders tap into interbank liquidity. With this leverage, traders can navigate the market with more flexibility.

For traders who want more advanced features, the ECN Pro Account offers a maximum leverage of 1:200. It’s designed for traders who need sophisticated tools. This account allows for larger trading volumes while still focusing on managing risks.

Market Instruments

Clarity Market offers a variety of trading options.

Instruments	Details
Indices:	Traders can trade Indices with good conditions and competitive spreads. They can participate in trading different stock indices that represent various parts of the financial markets.
Forex (Foreign Exchange):	Clarity Market lets users trade in the forex market, where they can buy and sell different currency pairs. Traders can trade more than 60 Major, Minor, and Exotic currency pairs with spreads starting from 0.0 pips.
Cryptos:	The platform allows trading in the most traded digital currencies like Bitcoin, Litecoin, Ethereum, and more.
Stocks:	Users can trade over 60 stocks from some of the largest and most famous US, UK, and EU companies.

Spreads & Commissions

Micro and Standard Accounts have a spread of 1 pip and don’t charge commissions. They’re good for beginners because they make trading costs predictable. On the other hand, ECN, ECN Pro, and VIP Accounts have tighter spreads but you pay a commission for each trade.

Traders should think carefully about whether they prefer tighter spreads or not having to pay commission, depending on their trading style. The ECN Account charges a $7 commission per trade, which could be okay for traders who trade often and want tight spreads. The ECN Pro Account has a $5 commission per trade, which might attract traders who make a lot of trades and want a balance between cost and tight spreads. The VIP Account charges $1 commission per trade, so it might be the best choice for traders who make a lot of trades and have a lot of money to invest.

Deciding which account type to go for depends on things like how often you trade, how much money you have, and how much risk you’re okay with. Beginners usually go for Micro or Standard accounts, while experienced traders might prefer ECN or Pro accounts.

Account Types

Clarity Market offers five different account types designed to suit different trading preferences and needs.

Accounts	Details
Micro Account:	The Micro Account is for new forex traders and those who trade small amounts. You can open it with just $5.
Standard Account:	The Standard Account needs a minimum deposit of $250. It’s a good choice for beginners and those who want to refine their trading strategies.
ECN Account:	The ECN Account connects various participants in the Forex market, like investment funds and individual traders. It’s suitable for experienced retail forex traders and has a minimum deposit requirement of $250.
ECN Pro Account:	Similar to the ECN Account, the ECN PRO Account is for experienced retail forex traders. It requires a minimum deposit of $5000.
VIP Account:	VIP Accounts are exclusive for high net worth individuals and frequent traders who deal with large volumes. You need a minimum deposit of $20000 to open this account.

Deposits & Withdrawals

Most deposit methods quickly add funds to your MT4 account. But for bank transfers, the timing depends on your bank and correspondent bank schedules. Clarity Market promises to add the funds to your trading account within an hour after receiving them in their clients’ bank accounts.

If you want to withdraw money from your trading account, go to the Fund Transfers section, choose Withdraw Funds, fill out the form, and submit it. Withdrawals must use the same method as your deposit. Note that Clarity Market doesn’t charge any fees for deposits or withdrawals.

Withdrawal requests might take 2-4 working days for the funds to reach your card or bank account, depending on the withdrawal method and processing times.

How to Open a Clarity Market Account?

Follow these steps to easily set up your account.

Step 1: Click the “Open Account” button

Go to the website and start creating your account by clicking on the “Register” button or the Join Now link.

Step 2: Enter your information

Fill in your details like UserName, FullName, Email, Phone Number, Password, Confirm Password, Country, and Referral ID. Then click Register.

Step 3: Verify your account

You’ll receive all your account details to the email you provided. To verify your account, submit the required documents and make your first deposit.

Is Clarity Market safe or scam?

No, Clarity Market Resources isn’t a trusted broker because it isn’t regulated by a financial authority with strict standards. To know if Clarity Market is safe, we need to look at some things. Clarity Market says it’s an international brokerage firm that offers quick order execution and many trading options. Even though things like the demo account and different trading options might sound good, there are still worries about its safety.

One big thing to think about is that it isn’t regulated by any specific authority, which means it’s not a trustworthy broker. Clarity Market operates without any regulation, which might make traders worried.

When a top-tier regulator oversees a broker, it shows the broker follows the highest regulatory standards. This includes fair pricing, clear trade execution, and a regulated trading environment. Regulatory bodies are important because they make sure financial platforms follow rules, have security measures, and are transparent.

Conclusion

In conclusion, we don’t recommend Clarity Market as a reliable brokerage firm. It’s better to open an account with brokers overseen by a top-tier regulator. Clarity Market offers various market instruments, but it doesn’t execute orders quickly. It has five account types for different trading preferences and capital levels. The Micro Account needs a minimum deposit of $5, while the VIP Account requires $20,000. However, since Clarity Market lacks regulatory oversight, it’s uncertain how safe and compliant it is. You should decide whether to use Clarity Market based on your risk tolerance, trading preferences, and the importance of regulatory compliance.

FAQs

Is Clarity Market Resources safe and Legit or Scam?

No, Clarity Market Resources doesn’t have valid regulation.

Does Clarity Market offer demo accounts?

Yes, it does.

What market instruments can I trade on Clarity Market?

You can trade indices, forex, cryptos, and stocks on Clarity Market.

What trading platform does Clarity Market use?

Traders on Clarity Market use the MetaTrader 4 trading platform.

What payment methods can be used to fund the account?

To deposit into your account, you can choose Wire Transfer, Bitcoins, Visa, Skrill (Moneybookers), or Neteller.