Overview of CH
CH is a financial services provider registered in the United States and founded in 2022. It is flagged as a suspicious clone by the National Futures Association (NFA).
CH offers trading in forex, stocks, and other financial products on the widely-used MetaTrader 4 (MT4) platform. The company stipulates a high leverage ratio of 1:100 and charges a significant commission fee of 20%.
Transactions can be conducted through credit/debit cards and cryptocurrencies, with a minimum deposit requirement of $1000. Customer support is available through offline consultancy, limiting direct and immediate communication options for clients.
Regulation Status
CH is identified as a suspicious clone by the National Futures Association (NFA), which raises serious worries about its authenticity.
The company is listed under the common financial service license type, regulated in the United States. However, the presence of the term “suspicious clone” indicates that it is impersonating another legitimate entity. The license number provided for this entity is 0521634.
Pros and Cons
Pros:
CH leverages the well-established MetaTrader 4 (MT4) platform, which is highly regarded for its various and user-friendly interface, attracting both novice and experienced traders.
Additionally, the company offers a high leverage of 1:100, allowing traders the potential to make significant gains from relatively small initial investments, thus maximizing the power of their trading capital.
Cons:
CH presents several considerable drawbacks. The minimum deposit required to begin trading is steep at $1000, which may be prohibitive for smaller investors or beginners just entering the markets.
Furthermore, the commission fees are notably high at 20%, significantly reducing profitability, especially for frequent traders.
The company's official website is inaccessible, posing serious concerns regarding transparency and ease of access to vital information. The range of trading assets offered is limited, restricting opportunities for diversification.
Lastly, the lack of customer support compounds the challenges faced by traders, especially in resolving issues and obtaining timely assistance.
Products & Services
CH offers a range of financial products for trading, which include forex and stocks. These options allow traders to engage in currency trading across major and minor forex pairs, as well as providing the opportunity to invest in a variety of stock options.
The use of the MetaTrader 4 platform further facilitates traders' access to these markets, offering advanced tools and features to support trading decisions.
Leverage
CH offers a high leverage ratio of 1:100, allowing traders to control a significantly larger position with a relatively small amount of invested capital.
This level of leverage can amplify both potential profits and losses, making it a powerful tool for traders who are capable of managing higher risk.
Commissions
CH charges a notably high commission rate of 20% on trades. This fee structure is significantly higher than many other brokers in the industry, which can impact the overall profitability of traders.
High commissions can eat into earnings, especially for those who engage in frequent trading or operate with smaller margins.
Trading Platform
CH utilizes the MetaTrader 4 (MT4) trading platform, which is widely recognized for its robust functionality and user-friendly interface.
MT4 is favored by both novice and experienced traders due to its analytical tools, including advanced charting capabilities, a wide array of technical indicators, and customizable software options. The platform also supports automated trading through the use of trading robots, or Expert Advisors (EAs), which can execute trades based on pre-set parameters.
Payment Methods
CH offers payment methods that include credit/debit cards and cryptocurrencies, accommodating a range of preferences for depositing funds.
The minimum deposit required to open an account and start trading with CH is set at $1000.
This relatively high minimum deposit threshold may be a barrier for new or small-scale traders but aligns with the firm's positioning towards traders who will be able to handle larger amounts and wish to utilize the significant leverage offered.
Customer Support
CH provides customer support primarily through offline consultancy, indicating that direct, real-time assistance via online methods will not be readily available.
This mode of support will involve scheduled consultations or face-to-face interactions, which can limit immediate access for traders seeking quick resolutions to issues or answers to urgent queries.
Conclusion
CH operates as a financial services provider in the United States, utilizing the widely acclaimed MetaTrader 4 platform to offer trading in forex and stocks.
Despite its robust trading platform and high leverage of 1:100, CH is flagged as a suspicious clone by the NFA, and it charges high commissions at 20%. The firm requires a substantial minimum deposit of $1000 and provides limited customer support through offline consultancy.
These factors combined suggest that potential clients should approach CH with caution and conduct thorough due diligence before engaging in trading activities.
FAQs
Question: What trading platform does CH use？
Answer: CH uses the MetaTrader 4 (MT4) platform, known for its advanced analytical tools and automated trading capabilities.
Question: What is the minimum deposit required to open an account with CH？
Answer: The minimum deposit required to open an account with CH is $1000.
Question: What types of financial products can I trade with CH？
Answer: CH offers trading in forex and stocks.
Question: What are the commission fees at CH？
Answer: CH charges a commission fee of 20% on trades.
Question: How can I contact customer support at CH？
Answer: Customer support at CH is available through offline consultancy. Immediate or online support options are not mentioned, suggesting a lack of real-time assistance.
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