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Score

1.17 /10
Danger

CDEX

Guadeloupe

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://vn.cd-ex.com/

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Score

Regulatory Index0.00

Business Index4.38

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 299/16) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

CDEX · Company summary
CDEXBasic Information
Company NameCDEX
HeadquartersUnknown
RegulationsSuspicious Clone
Tradable AssetsForex, commodities, cryptocurrencies, indices
Account TypesStandard, RAW, US Cent Account
Minimum DepositStandard: 1 USDRAW: 2000 USDUS Cent Account: 1 USC
Time to open accountInstant
Trading PlatformsMT5 platform
Customer Supportcs@cd-ex.com, X( formely Twitter), Youtube and Facebook

Overview of CDEX

CDEX, based in Guadeloupe and established 1-2 years ago, offers four types of trading products and three account types, and supports the MT5 trading platform. However, its regulatory status is suspicious clone.

Overview of CDEX

Is CDEX Legit?

CDEX is a suspicious clone, regulated by the Cyprus Securities and Exchange Commission. It holds a Market Making (MM) license with the number 299/16, issued to the licensed institution MAGIC COMPASS LTD.

Regulatory Status Suspicious clone
Regulated by Cyprus Securities and Exchange Commission
Licensed Institution MAGIC COMPASS LTD
Licensed TypeMarket Making (MM)
Licensed Number299/16
Is CDEX Legit?

Pros and Cons

ProsCons
Provides four types of trading productsSuspicious clone
Offers three account types
Supports MT5 trading platform

Trading Instruments

CDEX offers four classes of trading instruments, including forex, commodities, cryptocurrencies, indices.

Tradable Instruments Supported
Forex✔
Commodities✔
Cryptocurrencies✔
Indices✔

Trading Instruments

Account Types

Standard: This account type is accessible to all as it requires a minimal deposit of just 1USD. It features a low spread of 0.2 pips, which is the difference between the buying and selling price of an asset. The standout characteristic of this account type is its zero commission policy, making trading more profitable as there are no additional charges for transactions.

RAW: Suited for more significant investments, the RAW account necessitates a higher entry point with a minimum deposit requirement of 2000USD. Traders with this account enjoy zero pips spread, optimizing potential profitability. However, a commission of 3.50USD is charged for transactions, which should be factored into the trading strategy.

US Cent Account: This account caters to those looking to start with a smaller investment. It necessitates a minimum deposit of just 1USC (US Cent). Similar to the Standard Account, it offers a spread of 0.2 pipsand charges zero commission, making it an excellent choice for those new to trading or on a budget.

Account TypeMinimum DepositSpreadCommissionSuitable For
Standard1 USD0.2 pipsZeroAll traders, especially beginners
RAW2000 USDZero pips3.50 USDTraders with larger investments seeking low spread
US Cent Account1 USC (US Cent)0.2 pipsZeroNew traders or those on a budget
Account Types

CDEX Fees

CDEX offers three account types with varying spreads and commission structures.

The Standard and US Cent Account both feature a spread of 0.2 pips with zero commission, while the RAW account offers zero pips spread but charges a commission of 3.50 USD per transaction.

Spreads and Commissions

Trading Platforms

CDEX exclusively utilizes the MetaTrader 5 (MT5) trading platform across all its account types. MetaTrader 5 (MT5) is a mobile trading application that allows traders to connect to trading servers and control their trading operations using any Android based smartphone or tablet device.

Trading PlatformSupportedAvailable DevicesSuitable for
MT5✔Mobile and Desktop（Windows & macOS）Experienced Trader
MT4❌Mobile and Desktop（Windows & macOS）Beginner

Trading Platforms

User Reviews

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User comment

2

Comments

Write a review

CC87
more than one year
Good range of trading options and reliable MT5 platform...but NO REGULATION!!! Be careful!
Good range of trading options and reliable MT5 platform...but NO REGULATION!!! Be careful!
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2024-07-16 18:07
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Momooo
more than one year
I was initially captivated by CDEX's diverse trading options and the low-entry barriers. However, the excitement quickly faded when I uncovered the troubling issue of their regulatory status—labeled as a suspicious clone. This cast a shadow over what seemed like a promising platform, leaving me feeling uneasy and skeptical about the safety of my investments. For anyone considering CDEX, I'd advise caution; the risk may not be worth it.
I was initially captivated by CDEX's diverse trading options and the low-entry barriers. However, the excitement quickly faded when I uncovered the troubling issue of their regulatory status—labeled as a suspicious clone. This cast a shadow over what seemed like a promising platform, leaving me feeling uneasy and skeptical about the safety of my investments. For anyone considering CDEX, I'd advise caution; the risk may not be worth it.
Translate to English
2024-06-04 14:03
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