CFD Global FX is a rapidly expanding broker committed to providing traders with the expertise and resources they require for an optimal trading experience.
When you discover that this is a CySEC (Cyprus Securities and Exchange Commission) regulated broker who is also registered with BAFIN (DE), FCA (UK), and KNF, your concerns about the CFD Global FX scam will be immediately dispelled (PL). The primary goal of a European broker is to provide their clients with a secure and sophisticated trading environment that meets their requirements. They have also incorporated cutting-edge technologies to ensure a safe and flawless trading experience.
Indeed, one of the broker’s top priorities is to provide complete pricing transparency to their traders while also providing competitive trading conditions such as fast execution and tight spreads. CFD Global FX has established a strong reputation by tailoring its services and offerings to the needs of its customers and providing a wide range of CFD (Contracts for Difference) instruments for trading, as well as Education Resources, cutting-edge platforms, and a dedicated multilingual customer support team.
CFD Global FX is a forex, indices, and commodities broker that allows customers to trade across multiple markets. The platform provided by the provider can be downloaded or accessed directly through a web browser. The software has a customizable interface as well as a wide range of trading capabilities, including 23 languages, live quotations, and improved charting.
Order management tools, trading history, and pre-programmed analytical tools are also available. CFD Global FX offers more than 70 trading assets, including 44 currency pairs, four precious metals, commodities, cryptocurrencies, and indices.
While the assets are diverse, clients must first create an account before viewing product-specific information. The software also supports algorithmic trading methods that use trading robots, allowing you to trade the markets without requiring human intervention 24 hours a day, seven days a week.
License and Regulation
We only know one thing about this broker: its brand name is CFD Global FX. We have no idea what the name of the company that owns and operates it is.
As far as contact information is concerned, only an email address is provided. We have no idea where this broker is or if it even has a physical address. The broker states in its terms and conditions that all traders must follow the regulations of their respective countries.
There is also some mention of traders having to follow CySEC (Cyprus Securities and Exchange Commission) regulations, but aside from those few hints, there is no information on CFD Global FX’s website that it is regulated. As a result, we are dealing with an anonymous and unregulated broker – the worst kind. This broker is clearly a con artist.
According to CFD Global FX, it reserves the right to share your information with its affiliates, including third-party companies with a stake in the brokerage. However, the broker does not identify these companies. So, if you do contract with this broker, you will have no idea who has access to your information – your contact information, credit card information, banking information, and so on. That is an extremely dangerous situation.
This broker claims to provide its clients with access to the MetaTrader 4 platform, which is regarded as one of the best trading platforms in the world. The MT4 platform provides its users with a plethora of features that make trading much easier, particularly for experienced traders. Their charting and marketing analysis tools can help you determine which trades are more likely to be profitable.
Expert Advisors, algorithms that allow you to trade automatically, calendars, pending orders, and so on are also available. Instead, CFD Global FX provides an unnamed platform. We must admit that this software does have some decent features. It offers charting, pending orders, and some charting options. However, it is insignificant in comparison to what the MT4 platform offers.
This broker’s spreads are much higher than market standards, which means that trading on CFD Global FX’s platform would be unprofitable for you. The market average for spreads is between 05 and 1.5 pips. Regardless of what it advertises on its website, this broker offers spreads that begin at more than 2 pips.
This means that trading on this broker’s platform will be extremely costly for you. This broker’s terms and conditions contain an unusual provision. CFD Global FX states that it reserves the right to deduct certain taxes from your account but cannot be held liable for doing so.
CFD Global FX is not licensed with a regulatory authority, which raises some safety concerns. The broker is also not forthcoming about their company’s history or registered address. We would caution traders to be cautious if considering this provider due to its anonymity and lack of transparency.
Unfortunately, the only way to contact CFD Global FX is through email at support@cfdglobalfx.com. This is a concern because genuine and trustworthy brokers usually provide faster contact methods, such as a live chat service. Unless you’re willing to sign up with a broker who doesn’t provide phone support or live chat, you should look into other options.
CFD Global FX accepts traders from Australia, Thailand, Canada, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, and Qatar, amongst others. Traders from the United States and Japan are not permitted to use CFD Global FX.
Customer Reviews
“I did make money from this site at one point in my life, but I never expected it to come crashing down on me, and I literally lost everything and more.” I tried to keep everything from my family, but they eventually found out due to my financial collapse. It doesn’t help not to speak out; if you’re quick enough or lucky enough to meet a genuine tech genius or someone with vast knowledge of the internet and how to track these funds and perpetrators, use it; don’t shy away and watch others become victims.” – Anne finen
“I recently lost $75,000.00 to a crypto investment scam.” The company pretended to be an investment firm that could provide a certain percentage of returns if you deposited your Bitcoin with them. It appeared real at first, and it worked twice. I had no idea they had set up a bot (robot) that would completely shut down your account if you decided to invest heavily. “I couldn’t access my profile for no apparent reason, so I complained to the admin, who explained that they had a downtime and needed to upgrade their website, which took over 2 months.” wong, Linda
Final Verdict
The main issue when browsing CFD Global FX was that the broker did not provide his physical address in the contact section.
However, if the broker no longer offers communication methods such as email, phone, text messaging, and chat, and has a support team that does not appear to understand the trade or is evasively asking certain questions, this could be a sign of a scam or a low-quality broker. While investigating a broker’s case, contact customer service, but keep in mind that even rogue brokers can appear friendly and helpful at first, only to reveal their true colors.
We do not recommend trading with CFD Global FX because it has been linked to a scam. If you have already signed a contract with this scam broker or sent money to them, please contact btc-scam as soon as possible to speak with the Fund Recovery specialists about withdrawing funds from CFD Global FX.
If you have already lost money from a broker and have not been able to withdraw it, please contact us for assistance. Because there are so many broker scams out there, it’s best to be cautious and only work with regulated companies. When a broker has your money, he can do whatever he wants as long as it’s not against the law.
Many shady brokers offer automated trading via a robot or algorithm that claims to make money for you. Typically, brokers listed on Forex scams offer profits that are substantial enough to appear genuine. Some advanced brokers on the forex scam list may approach you and explain how low, or even zero, risk there is when trading.
Some phony brokers claim to be regulated and registered by a government agency that has no authority over or regulation of forex firms. Unregulated brokers, such as CFD Global FX, have been accused of defrauding customers. The selling approach of a reputable broker or investment firm is often imitated in forex trading scams. Even traders are beginning to doubt real brokers due to the growing number of scammers in the foreign exchange market.
This factor, on the other hand, necessitates a great deal of attention because it is frequently an area where brokers defraud people. Fund Recovery experts examine a broker’s Forex trading offer for issues that could indicate potential flaws. When it comes to analyzing and evaluating forex brokers, Fund Recovery experts can assist you. Major forex websites that provide reviews and ratings for any broker can also be extremely beneficial to your trading. You can learn whether a broker is popular or whether it is a scam by reading reviews and reviews. Do not open an account with a broker if you cannot find honest reviews of the broker.
Our experts have the knowledge and experience to analyze brokers and can tell the difference between legitimate and fraudulent brokers. Traders should only trade with reputable brokers who are well regulated, such as those in the United Kingdom or Australia. Remove CFD Global FX from your list of brokers and choose only a regulated and duly licensed broker.
The information provided above is insufficient to begin trading with CFD Global FX. He has the potential to cause significant losses to his clients, and thus is a potential scammer in our opinion. The majority of the trading conditions are hidden by CFD Global FX, which raises suspicions.
Clearly, CFD Global FX did none of the above, and could not even be considered a broker, but rather a foreign exchange scam. This is why, before opening an account, sending money, or submitting any documents, you should learn more about CFD Global FX. We advise all investors and traders to stay away from CFD Global FX and other Vanuatu brokers.
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