CCC Trade Review: Malicious Approach Of This Unreliable Broker

We got a live one here! CCC Trade is on a mission to scam as many unsuspecting traders as possible. We will prove this in our CCC Trade Review and also provide evidence for our claims.

Keep in mind that CCC Trade is not a legit UK-based trading platform and does not possess a trading license. If you trade on this anonymous platform, you are in for a disaster. Keep reading to learn why. 

Legal Info: Is CCC Trade Legit or a Scam?

CCC Trade cannot possibly be a legit trading platform. First of all, this website is virtually anonymous, i.e. there is no legal documentation on the website whatsoever. No Terms of Use, Privacy Policy, Refund Policy, etc.

Moreover, the website did not disclose the name of the company that runs this business or the license under which CCC Trade operates. All we found was a physical address in London, which is actually fake. 

Since this bogus website claims that CCC Trade is based in the UK, we checked the register of the local Financial Conduct Authority (FCA) to see whether this business is regulated. Unsurprisingly, the FCA has no information about this broker, meaning that we have got a scammer on our hands.

Why We Recommend You Trade With a Regulated Broker

Trading with CCC Trade will undoubtedly put your funds at risk. So, instead of constantly being on guard, we suggest you find a reliable provider regulated by a top financial watchdog like the FCA (UK), CFTC (US), ASIC (Australia), IIROC (Canada), etc.

That way, you will be entitled to numerous benefits and perks depending on the jurisdiction, For example, you can receive negative balance protection, segregated funds, and a safe leverage cap (1:30 in Europe & Australia or 1:50 in North America).

Some jurisdictions and regulators even offer a compensation scheme. The aforementioned FCA may pay clients up to 85,000 GBP in case they were damaged or the broker files for bankruptcy. Avoid unregulated scammers such as CCC Trade and MyBlockX.  

CCC Trade Platform’s Reach

According to godaddy.com/whois, the CCC Trade website domain was created on February 15, 2023. Since then, the scammer has mainly been targeting traders from the following countries:

• Australia;
• United States;
• Philippines;
• South Africa;
• Trinidad & Tobago.

It looks like this scammer is targeting traders from both heavily regulated and offshore domains. Jurisdictions such as the US and Australia have particularly tight regulations so there is no room there for untrustworthy scammers such as CCC Trade and BitMart.

If you fell into the trap of this unscrupulous platform, you can contact our team for help and recover your funds. 

What Is the Trading Room?

On the CCC Trade website, there is a link that leads to the Trading Room. This page is actually a preview of the broker’s web-based platform. Although you can access it, you cannot trade on it.

Therefore, it is just a preview, and should not be mistaken for a demo account. The CCC Trade platform looks rudimental and oversimplified. There are some basic graphs and indicators and that’s about it.

CCC Trade does not support advanced and valid third-party trading software such as MT4, MT5, cTrader, or SiriX. What is even worse than the ineffective platform that CCC Trade offers is the fact that the broker is not regulated, meaning the platform could be rigged.

Available Trading Assets

On the platform, we saw an overview of the available trading instruments:

• Forex currency pairs – EUR/USD, CAD/JPY, AUD/CHF…
• Indices – S&P 500, NIKKEI 225…
• Commodities – gold, crude oil, corn…
• Stocks – Tesla, Google, Apple…
• Crypto – BTC, ETH, USDT…

Account Types

Let’s make an overview of the available CCC Trade Programs, i.e. account types:

• Standard – 250 $;
• Silver – 2,500 $;
• Gold – 10,000 $;
• VIP – 50,000 $.

The maximum leverage ranges from 1:200 to 1:500, which is considerably higher than the legal cap the FCA imposed for UK-based brokers (1:30), further proving that this platform is fraudulent. Extremely high leverage is risky and can easily result in losses.

As for the spreads, CCC Trade offers from 1.5 pips for the Standard account type, which is pretty much the industry’s average but the commissions were not disclosed if there even are any. CCC Trade also awards bonuses (30%-100% of the deposit).

This is yet another sign that the broker is not legit. Bonuses are banned in the UK because scammers often award them with strings attached. We know nothing about CCC Trade’s bonus policy since there is no legal documentation but we bet it is not favorable for traders.

Withdrawal of Funds

There are four available funding options, according to the website:

• Credit/debit cards;
• Wire transfers;
• E-wallets;
• Bitcoin.

The minimum deposit is 250 $ and there are no deposit and withdrawal fees, allegedly. Since CCC Trade is an anonymous platform, we believe that withdrawal issues cannot be avoided with this broker.

There are plenty of legit and licensed brokers that will charge you far less money to open a live trading account and not have to worry about getting ripped off. Having issues with withdrawing your funds from CCC Trade? If so, we can help you recover your money.

Customer Support

A trader can contact CCC Trade via the broker’s contact page by filling out the given form or calling the broker on the phone. It seems that CCC Trade does not have any specific communication channels such as WhatsApp or Telegram but then again, we could be wrong.

Anyways, communicating with this broker is not something you would want to do. Beware of the scammer’s slick tongue and persuasive approach. 

Is CCC Trade an Outright Scammer?

Yes, CCC Trade is a scam. Since February 2023, this anonymous platform has been targeting traders from the US, the Philippines, Australia, South Africa, and Trinidad & Tobago. This platform is not regulated so please stay away from it.

If you are a victim of the CCC Trade scam, feel free to contact us and book a free consultation with our team. We will gladly help you recover your hard-earned funds whether it be via a chargeback or advanced crypto-tracing software such as CipherTrace.

Book your free consultation here and learn how you can get your money back. 

FAQ Section