Cfd Premium is a Forex Broker that uses the MetaTrader 5, MT5 Mobile, and Web platforms to offer Forex Trading.
In terms of order execution, Cfd Premium is a b-book broker (market maker). Cfd Premium trades currency, indices, cryptocurrencies, CFDs, and commodities. Cfd Premium is not in any way regulated. CFD Premium is owned by N/A and is located at 88 Wood St, London, EC2V 7RS, United Kingdom.
They can be reached by phone or email at +49 800 000 7915 or support@cfdpremium.com. Their website address is cfdpremium.com. CFD Premium offers five different types of accounts to meet the needs of all of their customers, depending on their level of experience and personal preferences.
Before switching to a live account and risking their own money, all traders have access to a free demo account where they can test their trading strategies or simply familiarize themselves with the trading platform. Forex pairs, CFDs, indices, precious metals, and oil are among the 64 instruments that can be traded, depending on the trader’s preferences. The MT5 is offered by CFD Premium, one of the most reputable and powerful trading platforms.
Experienced traders prefer this platform because it allows them to download the software to their own computers. It will appeal to novice traders that they can download the platform’s app and trade on the go without having to download any software. All they require is a stable and fast internet connection.
License and Regulation
You can open a CfdPremium Initial Account for $500, a Regular Account for $1,000, an Intermediate Account for $2500, an Advanced Account for $10,000, and a Superior Account for $25,000 with CfdPremium.
However, we believe that a $500 deposit for a regular account is excessive, given that several brokers accept deposits as low as $100, and other well-known brands, such as XM and FXTM, only require a $5 deposit. The minimum amount you can withdraw with CfdPremium is 100 USD, and wire transfers incur a withdrawal fee of between 25 and 100 USD.
Furthermore, the brokers will charge you a fee of 5% of any amount withdrawn, which is unusual. It’s unclear how CfdPremium came to “possess a Financial Services Board regulatory mechanism,” but FSB is the old name for the Financial Sector Conduct Authority, South Africa’s financial regulator (FSCA).
As a result, we painstakingly examined the FSCA registers and were unable to connect CfdPremium to any of the listed companies. Brokers who are not regulated by a well-known financial regulator, such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), or the Australian Securities and Investments Commission (ASIC), are untrustworthy.
Licensed brokers, on the other hand, are required to adhere to stringent financial and ethical standards, including maintaining a strong fiscal adequacy ratio and keeping all client funds in a separate, creditor-protected account. CFDPremium is a CFD and Forex Broker fraud platform in the Forex industry. According to the website, this platform is different from those offered by other Forex brokers.
You must always keep the risk of trading in mind when trading Forex or any other market. Your assets will be kept safe and secure, according to this broker. We are confident that this is not the case, as the vast majority of people who have used CFDPremium have lost money. Their website is unprotected, which is a red flag for us.
As a result, hackers can take control of trades and steal money from CFD Premium in a matter of seconds. According to CFDPremium, the entire website is secured with 256-bit SSL encryption. The only thing that could be found was a True-Site identity assurance seal that could be downloaded. These individuals are incapable of keeping money separate from the company’s account. Anyone who lost money trading with them would have been compensated if this was the case. The claim of a 100% money-back guarantee is obviously false.
CFDPremium appears to take a number of different payment methods. Accepted payment methods include MasterCard, OKPAY, PAYEER, PayPal, QIWI, and Request Payment. Surprisingly, this site is lightning fast when it comes to deposits. You can see your money on your account almost immediately after making a deposit. Everything seems to be too good to be true.
Wait until you begin to receive withdrawals before claiming them. When a user requests a specific amount to be withdrawn from their account, hell breaks loose. The problem with CFD Premium is that users can’t get their money out. This is why people are claiming on the internet that they were duped by CFDPremium.
We believe this is a scam in which people are duped into signing up and then have their money stolen. CFD Premium has not provided any explanation for why withdrawals are not allowed.
Final Verdict
CfdPremium is an unregulated, low-credibility broker with an astronomically high minimum deposit. Even if the premium account trading conditions appear to be favorable, traders should be cautious about entrusting their funds to organizations that are not regulated by any recognised financial agencies.
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