Brokerage firms play a key role in the financial market, providing investors with access to buying and selling securities, managing assets, and other financial instruments. However, not all brokers operate ethically. In our CalistaTrade review, we’ll analyze how trustworthy this trading platform truly is.
Is CalistaTrade Reliable?
To be considered trustworthy, a broker must meet certain conditions. First and foremost, it must be licensed and regulated by a financial authority. The broker should provide transparent terms of cooperation, clearly explaining all fees and risks associated with investments. It must protect personal data and use secure methods for financial transactions.
However, CalistaTrade fails to meet any of these requirements, making its operations not only unethical but also illegal. The broker claims to be registered in the UAE, yet it does not possess a license to operate in that country.
Withdrawal Issues to Know
The broker offers clients a wide range of trading instruments and claims to provide protection against negative balances. On its website, CalistaTrade advertises zero commission for CFD trading. The broker offers several account types, with the minimum deposit set at €5,000. There’s also an account tier priced at €10,000, which is an extremely high entry point unsuitable for beginner traders.
In addition to traditional currencies, users can fund their accounts using cryptocurrencies. However, refund policies are not specified.
The website includes a section with educational materials. For beginners, there is also an option for analyst assistance via TeamViewer. This is a risky service, as it gives scammers access to investors’ personal data.
According to reviews and complaints, users are indeed able to withdraw funds from the platform during the initial stages. This creates the illusion of successful investments. However, as soon as their deposits grow significantly, the site stops responding to withdrawal requests.
How Long Has the Broker Been Active?
The company’s website claims it has been operating since 2015. Naturally, this is false information. A simple Whois domain check reveals that the website was registered only in 2024. This is an obvious attempt to “inflate its age” to make the organization appear more credible. Of course, this age cannot be substantiated, as the platform lacks official documents, licenses, and registrations.
Additionally, since user reviews about this project also only recently appeared, the entire narrative of several years of operation falls apart. Attention! This review belongs to InvestExpertHub.
Key Fraud Warning Signs
âť—A large number of bonuses.
âť—Unreasonably high leverage.
âť—Excessive minimum deposit requirements.
âť—Disclaimers in user agreements absolving the broker of all responsibility.
CalistaTrade Review Conclusions
CalistaTrade is a scam. This is an unlicensed, unverified company that is not accountable to any authority, enabling it to engage in fraudulent activities with impunity. Trying to outsmart them and make a profit anyway is an unwise risk. It’s far better to find a legitimate and honest broker.
Advantages and Drawbacks
âž•Educational materials.
âž–Extremely high minimum deposit requirements.
âž–Offshore location reduces the chances of recovering funds.
âž–Lack of licensing indicates fraudulent activity.
âž–Insufficient transparency makes holding the broker accountable difficult.
âž–No guarantees of returns on investments.
FAQ
How is CalistaTrade regulated?
Despite their claims, it is not regulated at all.
Is it safe to work with this broker?
No, the risk is far too high.
How can I get my money back?
The only reliable solution is to contact law enforcement agencies. Even chargeback services cannot guarantee the recovery of your funds.
Brief Conditions
|
Type |
Forex |
|
Location |
UAE |
|
Establishment Year |
2024 |
|
Regulation |
❌ |
|
Customer Service |
|
|
Languages |
En, Ru, Pl |
|
Demo Account |
❌ |
|
Mobile Trading |
âś… |
|
Web-based Trading |
âś… |
|
Bonuses |
âś… |
|
Minimum Deposit |
€250 |
|
Max. Leverage |
❌ |
|
Scalping Allowed |
âś… |