Score

1.52 /10
Danger

CFD World

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index7.08

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Goldenburg Group Limited

Company Abbreviation

CFD World

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 242/14) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

CFD World · Company summary
CFD WorldReview Summary
Founded2012
Registered Country/RegionCyprus
RegulationCySEC (Cyprus Securities and Exchange Commission)
Market InstrumentsForex, Indices, Commodities, Cryptocurrencies
Demo AccountNot Mentioned
LeverageUp to 1:500
SpreadVariable
Trading PlatformMetaTrader 5
Min Deposit$100
Customer Support24/5 Live chat
+357 25349815
info@cfdworld.com

CFD World Information

CFD World, regulated by CySEC, is a Cyprus-based online forex and CFD broker founded in 2012. It offers many tradable assets, including forex, indices, commodities, and cryptocurrencies. CFD World also offers a standard account and an Islamic account, with a minimum deposit of $100 and a maximum leverage of up to 1:500, apart from variable spreads and educational resources. But CFD World's customer support is only available 24/5.

Pros and Cons

ProsCons
  • Regulated by CySEC
  • Customer support is not available 24/7
  • Offers Standard and Islamic account types
  • Maximum leverage of 1:500
  • Educational resources available

Is CFD World Legit?

CFD World is a straight-through processing (STP) regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and it has a license number of 242/14.

Is CFD World Legit?

What Can I Trade on CFD World?

CFD World is an online forex and CFD broker, offering many tradable assets including forex, indices, commodities, and cryptocurrencies.

Tradable InstrumentsSupported
Forex
Commodities
Stock
Indices
Cryptocurrency
Shares
Metals

Account Type

CFD World offers two main account types, Standard and Islamic. It has a minimum deposit of $100 and a maximum leverage of 1:500 for Forex and 1:20 for other CFDs.

FeatureStandard AccountIslamic Account
Account TypeStandardIslamic
24/7 Live video chat supportYesYes
WithdrawalsYesYes
Demo accountNoNo
Copy Trading toolYesYes
BonusNoNo
Other featuresVariable spreadsInterest-free

CFD World Fees

CFD World offers maximum leverage of up to 1:500 for Forex pairs and 1:20 for other CFDs. Spreads are also variable, typically from 3.4 pips to 4.4 pips for Forex pairs. In addition, CFD World does not charge any commissions.

Asset ClassMaximum LeverageTypical SpreadSwap Fees
Forex1:5003.4 pips - 4.4 pipsYes
Indices1:2010 pips - 20 pipsYes
Commodities1:2030 pips - 50 pipsYes
Cryptocurrencies1:200.5% - 1.0%Yes

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MT5PC and mobileInvestors of all experience levels

Deposit and Withdrawal

CFD World offers different payment methods for depositing and withdrawing funds, including bank transfers, Credit/Debit Card, and E-wallets. The platform does not charge any fees for deposits or withdrawals.

Payment MethodDeposit FeeWithdrawal FeeProcessing Time
Bank TransferFreeFree1-5 business days
Credit/Debit CardFreeFree1-3 business days
SkrillFreeFreeInstant
NetellerFreeFreeInstant

Customer Service

You can reach out to CFD Worldby email atinfo@cfdworld.comor by phone call at +357 25349815.

Contact OptionsDetails
Phone+357 25349815
Emailinfo@cfdworld.com
Support Ticket System
Online Chat
Social MediaFacebook, Instagram, Twitter, YouTube, etc
Supported LanguageEnglish
Website LanguageEnglish
Physical Address46 Ayiou Athanasiou Ayios Athanasios Interlink Hermes Plaza 4102 Limassol, Cyprus

News

NewsWIKIFX REPORT: FX broker operator Goldenburg Group fined €270K by CySEC

Cyprus financial regulator CySEC has issued its latest six figure fine to the operator of a Retail FX broker, hitting CIF licensed Goldenburg Group Ltd with a fine settlement of €270,000.

WikiFX
2022-07-19 14:07
WIKIFX REPORT: FX broker operator Goldenburg Group fined €270K by CySEC

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