Introduction
ClockworkGroup.co is a website that provides an online platform for trading binary options. The website is operated by Clockwork Group Limited, a company registered in the Republic of Seychelles. The company is not regulated by any financial authority. The website offers a wide range of assets including stocks, commodities, currencies, and indices. It also offers a variety of account types and a demo account.
What is ClockworkGroup.co?
ClockworkGroup.co is an online forex and CFD broker that offers a wide range of tradable assets, including currency pairs, stocks, commodities, indices, and cryptocurrencies. The company is headquartered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). Clockwork Group has been in business since 2013 and has won numerous awards, including “Best Newcomer” at the prestigious Finance Magnates Awards.
The broker offers two account types: Standard and VIP. Both account types offer leverage of up to 1:500 and access to the MetaTrader 4 trading platform. The main difference between the two account types is that the VIP account offers lower spreads starting at 0.1 pips and comes with a dedicated account manager.
Clockwork Group also offers a free demo account so that traders can try out the platform before committing to a real money account.
The Different Types of Accounts Offered
There are three types of accounts offered by ClockworkGroup.co. The first is a basic account that requires a minimum deposit of $250. This account gives you access to the full range of assets and features, including a personal account manager, daily market reviews, and 24/7 customer support. The second is the Silver account, which requires a minimum deposit of $2,500. This account gives you all of the features of the basic account, plus access to VIP events, a senior account manager, and priority withdrawals. The third is the Gold account, which requires a minimum deposit of $5,000. This account gives you all of the features of the Silver account, plus exclusive market insights, a dedicated relationship manager, and private banking services.
The Pros and Cons of Using ClockworkGroup.co
When it comes to online trading, there are a lot of different options available. One of those options is ClockworkGroup.co. In this review, we will take a look at the regulations, platforms, pros, cons, and traders ratings for this company.
Regulations
ClockworkGroup.co is regulated by the Cyprus Securities and Exchange Commission (CySEC). This means that the company must adhere to certain rules and regulations in order to operate. These rules and regulations are designed to protect investors from fraud and other financial crimes.
Platforms
ClockworkGroup.co offers two different trading platforms: MetaTrader 4 (MT4) and WebTrader. Both of these platforms are user-friendly and offer a variety of features and tools that can be used by traders. MT4 is a more advanced platform that is typically used by experienced traders, while WebTrader is a simpler platform that is easier to use for beginners.
Pros
There are several pros associated with using ClockworkGroup.co as your online broker. First, the company offers competitive spreads on a variety of assets. Second, they offer a variety of account types to meet the needs of different types of traders. Third, they provide customer support 24/7 through live chat, email, and telephone. Finally, they offer both demo accounts and Islamic accounts for those who want to trade with real money but without taking on any risk.
Cons
There are also some
The Trading Platforms Offered
ClockworkGroup.co offers a variety of trading platforms for its clients, each with its own advantages and disadvantages.
The first platform offered is the MetaTrader 4 (MT4) platform. This is a popular platform among forex traders due to its user-friendly interface and advanced features. However, it is important to note that the MT4 platform is not available to US clients.
The second platform offered by ClockworkGroup.co is the WebTrader platform. This platform is designed for ease-of-use and is accessible from any internet-enabled device. It does not require any software download or installation, making it ideal for traders who are always on the go. However, the WebTrader platform lacks some of the advanced features offered by the MT4 platform.
The third and final platform offered by ClockworkGroup.co is the Mobile Trader app. This app allows traders to trade on the go from their mobile devices, anywhere in the world. It offers all of the features of the MT4 and WebTrader platforms, making it a convenient option for busy traders. However, it should be noted that the Mobile Trader app is only available for Android devices at this time.
Customer Reviews and Ratings
In this section, we will take a look at what other traders have had to say about their experience with ClockworkGroup.co. We will also look at the different platforms and regulations that they offer, as well as the pros and cons of using their service.
So far, the general consensus seems to be that ClockworkGroup.co is a reliable and trustworthy broker. There have been some negative reviews, but these seem to be in the minority. Most traders appear to be happy with the service they receive, and the platform itself is praised for being user-friendly and easy to use.
The main complaints seem to revolve around customer support response times, with some traders claiming that it can take up to 24 hours to get a response from them. However, this is not an issue that appears to be widespread, and many traders report that they have never had any problems with customer support.
Overall, it seems that ClockworkGroup.co is a good choice for those looking for a reliable and user-friendly online broker. They offer a variety of platforms and regulations to choose from, so there is something to suit everyone’s needs. The only downside appears to be their customer support response times, but this does not seem to be a major issue for most traders.
Conclusion
Overall, the ClockworkGroup.co review found that this online broker is a good option for those looking to trade in Forex, CFDs, and cryptocurrencies. The platform is easy to use and offers a wide range of assets to choose from. The customer service is also responsive and helpful. However, there are a few drawbacks to using this broker, such as the high minimum deposit amount and lack of demo account.