CFD Global

WikiFX | 2022-10-28 15:28

Abstract：CFD Global is allegedly a forex and CFD broker established in 2017 and registered in Cyprus. It claims to provide its clients with various tradable financial instruments with leverage up to 1:300, fixed or floating spreads and no commissions on the industry’s standard MetaTrader5 and WebTrader trading platforms via three different live account types, as well as 24/5 customer support services.

Note: CFD Global is to operate via the website - https://cfdglobal.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

The Cyprus CYSEC regulation (license number: 292/16) claimed by CFD Global is suspected to be a clone. Please be aware of the risk!

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

CFD Global is allegedly a forex and CFD broker established in 2017 and registered in Cyprus. It claims to provide its clients with various tradable financial instruments with leverage up to 1:300, fixed or floating spreads and no commissions on the industry‘s standard MetaTrader5 and WebTrader trading platforms via three different live account types, as well as 24/5 customer support services. Here is the home page of this broker’s official site:

As for regulation, it has been verified that CFD Global holds a suspicious clone Cyprus Securities and Exchange Commission (CYSEC) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.44/10. Please be aware of the risk.

Market Instruments

CFD Global advertises that it offers access to a wide range of trading instruments across six asset classes, including forex, indices, commodities, stocks, bonds and cryptocurrencies.

Account Types

Apart from free demo accounts, CFD Global claims to offer three types of live trading accounts - Essential, Original and Signature, with minimum initial deposit requirements of $1,000, $5,000 and $25,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

CFD Global gives traders two choices of leverage ratio - 1:30 or 1:300. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

All spreads with CFD Global are fixed or floating. The spread on the EUR/USD currency pair is 2 pips, while the industrys average spread is only 1.5 pips. There are no commissions charged.

Trading Platform Available

The platform available for trading at CFD Global is one of the most notable and preferred trading platforms the market offers - MetaTrader5 and WebTrader, both are available as desktop and mobile versions. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

CFD Global says to work with numerous means of deposit and withdrawal choices, consisting of credit/debit cards and bank wire transfers, as well as e-wallets like Neteller and Skrill. The minimum initial deposit requirement is said to be $250 while opening an account requires a minimum deposit amount of $1,000. Withdrawal requests are said to be processed within 24 business hours (excluding weekends).

Customer Support

CFD Global‘s customer support can be reached by telephone: +357 22 009 029, +357 22 000 358, email: support@cfdglobal.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.

Pros & Cons

Leverage Broker Commission Currency Pair Dealer Forex trading Forex Broker Forex Currency pair leverage in forex forex pips forex market Cryptocurrency Bitcoin Ethereum Stock

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