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Advice from broker Charing Cross Group: scam and how to avoid it

16 / March / 21 Bunsi Shakiramal Visitors: 252 Rating:


Advice from broker Charing Cross Group: scam and how to avoid it

Internet fraud has infiltrated all online financial transactions, Charing Cross Group analysts state. Those who trade on the stock exchange have to fear not only phishing, but also fraudulent schemes that pretend to be either payment systems or trading platforms. How not to fall for the scam? Under the opinion of our expert scam providers show themselves from the very first minutes of their "acquaintance". A beginner trader needs to know a few basic signs to understand that this is a scam, not a broker.

Why Charing Cross Group?

This reseller has 11 years of Forex experience. In addition, the company expanded its business to the EU region and is now trying to gain a foothold in the market, applying European anti-fraud standards.

What is known about the new broker? Charing Cross Group reviews started its activities right in the UK, in the very heart of London. Many brokerage organizations are registered offshore, but this one has decided to work transparently and active.

The broker entered the foreign exchange market and initially provided support to investors with only foreign exchange assets.

For VIP portfolios, conditions were developed with access to the markets for raw materials, indices and stocks. Today the company provides support for trading in all markets, and the amount of this support depends only on the chosen tariff plan. С scam and anti-fraud checking system works similar for all account types.

Almost immediately after the start of operations, the company's management was faced with the fact: the number of people willing to trade on the Internet is growing, but this increases the number of speculations and the errors they cause, which lead to loss of capital.

The broker's clientele already numbers more than ten thousand active traders. encourages partnerships by offering two types of referral programs.

The legal address of the company, contact numbers, e-mail for communication are indicated on the website in the "Contacts" section, and are also presented in a separate block at the bottom of each page.

Getting Started with reviews

Official website

Several sections of the broker's website worth mentioning:

Platform. The page from which you can get access to the trading terminal, as well as where you can download the mobile application for trading.

Information. A menu bar with transitions to the main documents of the company that define the privacy policy, the obligations of the parties when trading, as well as the return of funds.

Analytics. A page with the so-called economic calendar, where market forecasts of quotes are given (by region and category).

Registration, reviews: how to do it right?

To start trading with Charing Cross Group, you need to go through registration and verification.

Registration consists of filling out a simple form where you need to provide personal information, including phone number, date of birth and country of residence.

Verification is required as the company is involved in a number of anti-fraudulent campaigns. For example, it supports the principles of AML - a policy to protect trade operations from being used for money laundering (obtained as a result of corruption or criminal activity). Also, the broker works in accordance with the requirements of KYC ("know your customer"), since the requirements of this program are mandatory for companies that operate in the European region.

For verification you will need:

  • Screenshots of your passport and other identity documents;
  • Screenshots of receipts for electricity or other services provided to the client at the place of residence;
  • A copy of the bank statement;
  • Photo (optional).

The procedure can take from several hours to several days.

A verified user who has chosen and paid for one of the company's tariffs gets the opportunity to download a trading terminal to his device, contact his account manager, request a training session or other services (according to the tariff portfolio).

Portfolio types

The company offers cooperation for all kinds of traders: for clients who trade for the first time (and can start with an amount of 250 euros), and for traders with experience (who can invest any amount over 50 thousand euros, while receiving a full service business portfolio).

Briefly about bonus programs: Charing Cross Group reviews

For beginners, there is an opportunity to use the demo version of the trading platform to get a basic understanding of the instruments and trading rules.

The broker offers the opportunity to earn money with a referral program:

  • Incentive system for new clients - the amount is fixed, it is charged if a client registers in the service and starts trading.
  • Incentive system for promoting the company - the amount is charged for each transition (with subsequent registration) through the posted link to the company's website in a social account, blog or on a third-party website.

Business partnership involves the exchange of content, banners and other advertising materials.

Charing Cross Group scam avoiding: fraudsters is easy to recognize

The broker recommends traders to be serious about choosing a company that will help to shape investment and trading strategy.

Tip # 1. Check company documentation. The main thing is that there should be free access to it (it is better if all the necessary permissions are already on the official website). What documents should a bona fide broker have:

  • Terms of use;
  • Privacy policy (it should indicate exactly how customer data is encrypted, for example, uses a 128-bit ssl-certificate);
  • An order opening (or business) policy is a document that explains the meaning of basic trading terms and operations;
  • Refund policy (with a description of the cases when funds can be returned and in what volume);
  • Risk notification (it is desirable that this document also be there - it tells about the risks of trading with leverage);
  • Verification statement (this can be several documents that explain the verification rules and the principles of the programs that the company supports).

This is the list of documents from Charing Cross Group (all document names are links).

Tip # 2. Ignore fantastic offers.

The broker must offer real conditions that fall into the middle fork. Too much profit and strong guaranties can be promised only by scam projects or financial pyramids. Charing Cross Group scam department advises to begin trading with starting amount of the lowest account type and see it all from inside before investing more.

Tip # 3. The quality of customer support is an important criterion.

According to experts of scam and any fraud starts with the fact that the client does not get contact with the company. The company's support must be in touch during their working hours (for someone it is around the clock, for reviews  names the full day timing, but only on weekdays, with no weekends and holidays). Customer support cannot be lost, intrusive, or ignore appeals and complaints.

How to find out if the broker pays the earned money? Better to read the responses of other customers. There must be options for how to withdraw money (through a bank, payment system or web wallet). Charing Cross Group has some of the best withdrawal reviews about the company. Delays of up to a day are acceptable (in extreme cases, up to three days)

Ways to withdraw money from wire transfer, credit card, payment solutions.



Charing Cross Group reviews are mostly positive. The broker has recently been working in the EU region, but many years of experience in trading have brought the company a well-deserved reputation as experts in trading and fraud protection.



Comments 10

user_avatarHiggins Thomas 07.04.2021

Trading with Charing Cross Group broker since late spring. All promised trading conditions are fulfilled. The system is stable, the managers do not interfere, from the technical side everything is a bang. There are static spreads within the stated limits, slippage, but during the period of volatility the situation is not chaotic, especially with the Metatrader terminal4. There is no commission for input / output, withdrawal is prompt with any volume. The support is competent, it seems they trade all the time. Account verification is carried out before the first withdrawal. I had to spend a certain amount of time on it, I think it should be so at the request of safety standards.

user_avatarAtkinson Paul 10.04.2021

The previous broker had frequent breakdowns and interruptions in communication, so I decided to switch to another. Stopped at the Charing Cross Group. It was recommended to me that everything was without cheating, and the conditions were generally pleasant. Although before that I practically did not meet the information about this broker in the network. Well, maybe purely by chance, I saw the reviews. It turns out that the company has been operating for more than two years, or something, and is stable. Here I anchor for last three months. The broker works transparently, not fraud. I have never seen any managers drawing left-handed spiers or interfering in the state of the account. I do not have enough choice and opportunities for withdrawal, but also tournaments and webinars.

user_avatarDaniels Edward 23.04.2021

In the summer with cross-references, I went to the rating of young brokers. There was free time and interest, so I read all the info, matched, and hooked on the trading conditions of Charing Cross Group. I thought that here you can comfortably try to start working with real transactions. The company was created by skilled traders with many years of exchange experience, while IMHO there are no fictional promises just for show, and everything looks transparent. I also compared quotes for a couple of days. Finally, I signed up, and everything went quickly. I have been trading since July. Everything works as stated in the program texts. Static spreads, average market quotes, about 50 currency pairs, you can choose what to trade. There is no commission for depositing / withdrawing, withdrawal is fast, not more than an hour While starting, I've had my eye carefully on the terminal MetaTrader 4, but I mastered it quickly. Technical support gave all the necessary information. I would like more options for withdrawal.

user_avatarHardy Norman 13.06.2021

I left the native Alpari after increasing the spreads at the end of last winter. Long surfing Internet to choose a replacement. In the end, I decided to try to build relationships with the new (and not very well-known in the market) Charing Cross Group broker team. The feedback was mostly positive, but there was little information. Therefore, at first I talked a lot with technical support, tested their level of competence. I didn’t win))) The system works stably, there are practically no disconnects, static spreads do not give jumps to the storm, slippage can be controlled thanks to the settings of the Metatrader 4 terminal. All the most important currency pairs are presented, average market quotes. Support is clearly worth thinking about expanding the state, because it is impossible to get through on the first attempt. In addition, what kind of communication means is a telephone and an email, some kind of past century. Funds are entered at the current bank rate within minutes, withdrawn in 30-45 minutes, all without commission.

user_avatarWebb Samuel 01.07.2021

My last broker raised commissions by summer and has replaced the tariff plans, the most pleasant were removed. I was offended and left))) in the summer I rested, and by the fall I was already seriously looking for a new broker. It’s a long time to describe how I chose, in the end I settled on Charing Cross Group and have never regretted it yet, after all the intuition is a strong thing. There are only four tariff plans here, especially not have to choose. But very competent support and excellent analytics. Order execution, input / output - everything flies, if you want to scalp - go ahead. If you have experience with MetaTrader - even better. I had to get used to it, but I managed)) the broker kept all the promises. He promised - there are no tournaments and promotions, and there are none))) in fact, the company works transparently, managers do not make extra gestures in the account, they helped me to get out of the drawdown with the least harm to the budget. Profit grows and it pleases.

user_avatarFowler George 05.07.2021

I was advised to work with Charing Cross Group by a colleague from work. His whole family lives by trading, his father, brother, he even taught his wife to trade. She sits at home with the children and looks after it while he is at the office or on the road. He said that the broker is not very popular yet, so the system works smoothly and does not hang because of the influx of traders. And the conditions for scalping, respectively, everything is there. So it turned out, and the speed is excellent, and orders are executed without sags. Statistics updated immediately. Putting / withdrawing money is not a problem at all. They enter at the current rate in a few minutes, they take out in 30 minutes. It took me up to two hours once. There is no commission. Verification once before the first output.

user_avatarKing Richard 07.07.2021

Charing Cross Group I chose for reviews in the internet. Before that, I traded with Alpari, but it did not go. Here I liked all the trading conditions, simplicity, speed, good analytics and decent service. The basic package costs $ 250, there are three higher tariffs, they are more expensive and their content corresponds to the level. But the quality of service, leverage of 1: 300 and static spreads are the same for all packages. They consult in general as gods, the guys obviously practice constantly and in the know of all the nuances of the actual moment. Managers rescued me more than once in a drawdown when I was shocked and did not understand how to close. It is a pity that there are obviously few of them there, not to get through the first attempt.

user_avatarGregory Richard 10.07.2021

Before registering at Charing Cross Group, I meticulously compared spreads for my currencies with all top brokers. It turned out that there is no point in going to the most promoted brands, and it’s better to get more buns from a not very busy young company on the same indicators. There are a lot of currency pairs here, static spreads, competent technical support, showed themselves from the best side, quotes are sane, why look for something else? The reliability of the platform MetaTrader 4 with a flexible system of settings has been tested over the years of trading, all the conditions are as promised. For a couple of months of work there were no system crashes, communication breaks or conflicts with managers. But it’s impossible to get through the phone on the first attempt, it’s worth adding other channels of operational communication.

user_avatarSparks Charles 20.07.2021

I had no complaints about the conditions for working with the brokerage service VTB24, but at the moment I was tired of messing with papers. I tried several other options, less well-known, until I reached the young broker Charing Cross Group. Here, all the paperwork is minimized, it is necessary to verify only once before the first withdrawal, everything is done online and by phone. Well, is it not a miracle? Input quickly at the current rate of the bank, without commission. It takes up to an hour to file a bid and withdrawal, and there is also no commission, not counting the banking fee. Adequate quotes, fixed spreads, low starting threshold, all key currency pairs, affiliate program. There is no training material and one could expand the range of financial instruments.

user_avatarPeters John 28.07.2021

I'm a fan of sharp analytics! My friend pressured on this my weak point offering to register at the Charing Cross Group broker with him ))) a friend should be trusted, so I opened an account, deposit three hundred dollars and began watching how the trade started automatically, and then examine the performance of the entire system. The execution speed is decent, the MetaTrader 4 platform is full of the right tools, nothing hangs and fails. And the analytics is excellent, and the tech support is sensible. The terminal, by the way, works both on a computer and through a native application on smarts, a very handy thing. I would also like to add contests and tournaments, not enough to be honest.