Comprehensive Review of Calistatrade

10 years of experience, over 100,000 clients worldwide; more than 1,000 employees, and offices in Europe — these seem like reliable indicators of trustworthiness for a brokerage firm. However, don’t jump to conclusions, as a broker might simply be a scam, blatantly lying. This time, Calistatrade will be the subject of our review.

Highlights

Key Trading Features

CalistaTrade offers a selection of trading accounts, each designed for different levels of traders — from beginners to “large” investors. Let’s take a closer look at them and see what promises these plans hold and how they might play out in practice.

Solo — the most accessible plan, but here traders are offered only a minimal set of services. No guarantees, just basic auto-trading. Note: requests are processed on a first-come, first-served basis. Imagine if the platform experiences high traffic periods, your request might simply “hang”.

Trial Premium — a plan with high promises and an equally high threshold of €1,000. Here, they add a consultant for two weeks, but the question arises: who is this consultant, and what are their qualifications? Moreover, trust is questionable, considering the lack of licensing information.

Premium and Ultra — for larger deposits. The “Premium” plan promises “priority request processing” and “fivefold auto-trading”, but specific deal terms remain hidden. Ultra, at €10,000, borders on absurdity: promises of “access to the stock market” and “dividends from shares” without clear terms seem like an attempt to prey on the trust and risk tolerance of the investor.

Black — a story in itself. For “special” clients with individual terms. And here, there is no information at all. When a plan is described only with ‘contact your manager,’ it’s a clear red flag for any trader. Legitimate brokers do not hide the terms of their VIP accounts if they provide transparent services.

Calistatrade follows the standard approach for fraudulent firms — offering the best conditions for higher payments, yet failing to disclose crucial details like leverage, fees, and spreads. And the €250 minimum deposit is also typical of illegal brokers.

Overview of Available Trading Instruments

The company offers a standard set of asset classes:

• Forex.
• Indices.
• Commodities.
• Metals.
• Crypto.
• Stocks.

It’s worth noting that these are CFDs, not spot or futures contracts. By offering only CFDs, Calistatrade can manipulate charts and display prices that favor the platform. This is an artificial financial instrument, often traded only on dealing desks, which have a vested interest in client losses.

Trading Platform Analysis

It’s impossible to register on the website without a promo code, so users must rely on Calistatrade’s description of its software. Unsurprisingly, the broker promotes its platform as the best and most convenient for traders. They assure users that they’ll have full account management, all necessary indicators and tools, as well as the latest news and market updates.

However, there is no information about who developed the software, what its rating is, or how many traders use this platform. Many options are simply ignored: demo accounts, one-click trading, loading custom indicators and setting templates, and more. It’s not even specified whether mobile/desktop versions are available.

All of this points to one conclusion: Calistatrade’s platform is more of a showcase than a fully functional tool. They promise a comfortable trading experience yet fail to disclose key features, offer testing options, or consider mobile users.

Additional Services

Additional services at Calistatrade include not only auto-trading, trading sessions, and assistance from a financial advisor but also a partnership program with questionable conditions. Partners receive 20% of each referral’s investment, meaning the broker profits from client losses, sharing part of the earnings with the partner — earnings that come from the referral’s deposit. Moreover, bonuses are available, but their details are undisclosed.

Fee Structure

The Calistatrade website says nothing specific about fees and spreads. This lack of information is a very bad sign. When a broker avoids discussing fees and spreads, it usually indicates an attempt to conceal the true trading conditions.

Legitimacy of Calistatrade

There’s no doubt that behind this “broker” lies an ordinary illegal platform, but let’s find some concrete arguments in favor of the company’s fraudulent nature.

First, why isn’t the legal address provided? It’s nowhere to be found — not in the footer of the website nor in the contacts section. This is mandatory information that should be fully disclosed. The only mention is an offshore jurisdiction, Saint Vincent and the Grenadines, in the user agreement. However, this is just a mention, as Calistatrade is not actually registered in the SVGFSA registry.

Second, the company says nothing about licenses. Under normal conditions, a license is the first thing a reputable broker shows, as it proves that the company is regulated and operates legally. Here, however — nothing. No information about the company being overseen by recognized regulators, such as the FCA, CySEC, or ASIC.

In the end, it’s clear that Calistatrade is an illegal company that isn’t registered anywhere. This is a true scam, and no verified, honest broker would operate in this way.

Company History

The period of operation is yet another questionable area. Calistatrade claims to have 10+ years of experience, but there’s no evidence to support this. No specific founding date, no company history, and not even an old domain. All we see are empty words. In reality, companies like this often create websites from scratch in the current year but claim years of experience to gain the trust of inexperienced traders. The company’s domain was registered in September of 2024. There are no 10+ years of experience — just 2 months.

Conclusion

Thanks to this Calistatrade review, you now know that this is nothing more than a fake brokerage platform, hiding behind fabricated facts and false claims. Obviously, there is no point in investing a deposit here, as it will immediately fall into the hands of scammers.

Weighing the Pros and Cons

Common Questions