Clover4X

Clover4X is an offshore Forex and CFD broker registered in Saint Vincent and the Grenadines. It offers trading on the MetaTrader 4 (MT4) platform across numerous instruments, including forex, indices, commodities, metals, cryptocurrencies, and CFDs. Account types include Standard, Pro, VAR, and MINI, featuring attractive leverage levels up to 1:500. Spreads are advertised starting from 0.4 pips on the Pro account, while other account types begin around 0.8 pips. Commission structures vary: VAR accounts have no commission, whereas others may charge up to USD 7 per lot. Deposit and withdrawal methods reportedly include credit cards and Bitcoin, with minimum deposit thresholds starting as low as USD 50. Despite the appealing conditions, Clover4X operates without regulation from any reputable financial authority. Saint Vincent and the Grenadines has no licensing power over FX brokers, and claims of local registration offer no real investor protection. In fact, regulatory records show its registration has been canceled, and its domain is listed for sale—both strong indicators of serious operational risks. Customer experiences further raise red flags. Traders have reported significant withdrawal delays, unresponsive customer service, hidden fees, and misleading promotional offers. The website lacks transparency in ownership and corporate structure. Reports suggest that withdrawals may be indefinitely delayed or blocked, often under unclear or changing terms. In summary, while Clover4X offers a broad product mix, high leverage, and low entry thresholds, its unregulated status, canceled license, negative user feedback, and lack of transparency make it a high-risk broker. Traders are strongly advised to seek brokers regulated by recognized authorities such as FCA, ASIC, or CySEC to ensure fund safety and legal recourse.