About Cleartrade
Company Overview
Cleartrade is a broker registered in the United States, with a stated address at 5415 N. Sheridan Rd. Suite 5512, Chicago, IL 60640. The company was incorporated on March 27, 2019, according to available records. Its primary offering is a daily market outlook report delivered as a PDF, which distills macro signals, price-action levels, and sentiment shifts into a concise morning briefing.
The broker allows trading in commodities and forex instruments, though further specification of tradable assets is limited. Cleartrade presents itself as a resource for traders seeking market insights alongside execution capabilities.
Regulatory Status
Cleartrade currently holds no known regulatory licenses from any financial authority. The absence of oversight from a recognized regulator such as the CFTC, NFA, or SEC in the United States is a notable factor. This lack of regulation means the broker is not subject to standard investor protections, such as segregation of client funds or mandatory reporting standards.
Potential clients should be aware that unregulated brokers carry inherent risks, including limited recourse in cases of disputes or financial loss. The broker's registration in the US does not imply regulatory supervision.
Risk Considerations
Industry databases indicate that Cleartrade may be associated with a 'suspicious clone status,' suggesting the possibility that the entity might be imitating a legitimate firm. The limited transparency regarding its ownership, operational history, and financial standing further amplifies the risk profile.
With an FXCanary Scam Risk Score of 40/100 (Guarded), we advise extreme caution. Traders considering Cleartrade should perform thorough due diligence, verify any claims independently, and be prepared for the heightened uncertainty that accompanies an unregulated and opaque brokerage.
Services and Offerings
According to its description, Cleartrade's flagship product is a daily PDF report that covers macro signals, price-action levels, and sentiment. This report is delivered each morning (U.S. Eastern time) and aims to help traders execute informed decisions.
The brokerage lists commodities and forex as tradable instruments, but no details on specific assets, trading platforms, account types, or leverage are provided. The absence of publicly available information on these critical aspects makes it difficult to assess the broker's suitability for different trading strategies.
Overview compiled by FXCanary from regulatory records and public data. full Cleartrade review