CloexMarket

CloexMarket is a retail forex and CFD broker registered in the United Kingdom. The company was founded on 7 December 2022 and lists its registered address at 20-22 Wenlock Road, London, England, N1 7GU. The broker operates through its official website, cloexmarket.com, which is presented in English and appears to target international retail traders.

At the time of writing, CloexMarket does not hold any known regulatory licenses from UK authorities or other major financial regulators. The absence of a Financial Conduct Authority (FCA) registration is notable given its UK incorporation. The broker's website does not display regulatory credentials, which is a significant factor for potential clients.

Based on our records, CloexMarket is not on any regulatory register. The UK address suggests possible FCA jurisdiction, but no FCA reference number is provided. This lack of regulation means clients may not have access to financial ombudsman services or compensation schemes.

Traders should be cautious when dealing with unregulated brokers. The risk warning on CloexMarket's site, which states that 73% of retail investor accounts lose money, is similar to the mandatory warning for FCA-authorised firms, but without actual authorisation, the provenance of this statistic is uncertain.

CloexMarket offers leveraged trading on forex and CFDs. The website mentions a 'Next Generation platform' but does not specify the exact trading software (e.g., MetaTrader 4/5, cTrader). The asset classes implied include forex and possibly indices, commodities, and shares via CFDs.

Leveraged products carry high risk, and the broker's warning underscores the potential for rapid loss. The lack of detailed product documentation on the site limits transparency.

The brokerage appears to target 'serious traders' with a focus on platform technology and personal service. No specific account types (e.g., standard, premium, Islamic) or minimum deposit requirements are disclosed on the homepage.

Clients can contact the broker via a UK phone number. The registration page likely collects personal information to open an account. Without further details, traders should seek clarity on spreads, commissions, and leverage before committing funds.

Given its recent establishment and lack of regulation, CloexMarket may appeal to traders seeking a new platform with potential for competitive conditions. However, the absence of regulatory oversight makes it suitable only for highly experienced traders who understand the risks of unregulated brokers.

Conservative or novice traders should avoid unregulated entities. The broker's claims of 'serious trader' experience may attract those willing to take on additional risk for possibly lower costs.