CDG-Overview of Minimum Deposit, Spreads & Leverage

General Information

CDG Global EU is a broker that has been around a while – since 2003. CDG is licensed with the Cyprus Securities and Exchanges Commission (CySEC), with Regulatory License No.332/17. Besides, this broker is also regulated by Labuanan Financial Service Authority (LFSA), with license number LL16154.

Regulation

CDG Global (Labuan) Limited is a unregulated by any regulatory authorities.

Pros and Cons

Markets Instruments

Tradable financial instruments available on the CDG platform include forex, metals commodities, indices, energy, crypto currency and stocks.

1. Forex (Foreign Exchange): CDG provides access to the forex market, allowing traders to trade currency pairs. This includes major, minor, and exotic currency pairs, providing opportunities for speculation on the value of one currency relative to another.
2. Metals: Traders can trade precious metals such as gold and silver. These commodities are often seen as safe-haven assets and are commonly traded for hedging and investment purposes.
3. Commodities: CDG offers a range of commodity trading opportunities, which may include agricultural products (e.g., wheat, corn), energy commodities (e.g., oil, natural gas), and industrial metals (e.g., copper, aluminum). Commodity trading can be used for both speculation and risk management.
4. Indices: The platform provides access to stock market indices from various regions around the world. Traders can speculate on the performance of these indices without directly trading individual stocks.
5. Energy: Energy commodities such as crude oil and natural gas are available for trading. These are essential components of the global economy and offer opportunities for speculation based on supply and demand dynamics.
6. Cryptocurrencies: CDG allows traders to access the cryptocurrency market. This includes popular digital currencies like Bitcoin (BTC), Ethereum (ETH), and other altcoins. Cryptocurrencies are known for their volatility and can be traded 24/7.
7. Stocks: CDG offers access to equity mCDG, enabling traders to buy and sell shares of publicly listed companies. This allows for participation in the ownership and potential profits of these companies.

Minimum Deposit

A total of five trading accounts available with CDG brokerage platform: Standard, ECN Gold, ECN Platinum, ECN Diamond and Islamic accounts. Standard account is more suitable for novice traders, with starting deposit as low as $50, while ECN accounts are designed for scalpers and professional traders who pursue deep liquidity and trade at large volume. Three ECN account requires initial deposit of $500, $20,000 and $50,000, respectively. Islamic accounts are also available with this brokerage platform, which exclusively are designed for Muslim traders or who follow Muslim laws.

Here's a table summarizing the key features of each account type:

Leverage

As a Cryprus based forex broker under the jurisdiction of the CySEC, there is a maximum leverage cap of 1:30 for retail traders to protect their fund safety. This was put in place because trading with higher leverages can incur higher losses too.

Spreads & Commissions

Spreads and commissions are determined by trading accounts you are holding. Standard accounts offer a zero-commission trading environment, accompanied by wider spreads. While ECN accounts offers extremely spreads as low as 0.0 pips, plus with a low commission of $10 per lot for ECN Gold, $7 per lot for ECN Platinum and $4 per lot for ECN Diamond, respectively.

Trading Platform Available

CDG offers the popular MetaTrader trading platforms, including both MT4 (MetaTrader 4) and MT5 (MetaTrader 5). Here's a refined description:

CDG provides traders with access to the MetaTrader suite of trading platforms, encompassing both MT4 (MetaTrader 4) and MT5 (MetaTrader 5). These platforms are renowned in the industry for their robust features and user-friendly interfaces, making them preferred choices among traders worldwide. MT4 offers a comprehensive trading experience with advanced charting tools, technical indicators, and automated trading capabilities through Expert Advisors (EAs). On the other hand, MT5 builds upon MT4's foundation, enhancing it with additional timeframes, more technical indicators, economic calendar integration, and support for a wider range of asset classes. Traders can choose between MT4 and MT5 based on their specific trading preferences and strategies, ensuring a powerful and customizable trading experience tailored to their needs.

Deposit& Withdrawal

CDG Global EU accepts payments via credit cards, the Skrill E-wallet and wire transfer.

Deposit Methods:

1. AliPay:
1. Currencies: RMB
2. Processing Time: Instant
3. Commission: None
4. Minimum Amount: 50 USD equivalent
5. Notes: Alipay deposits are processed instantly in RMB.
2. Bank Wire:
1. Currencies: USD
2. Processing Time: 2-5 Working Days
3. Commission: None
4. Minimum Amount: 1000 USD
5. Notes: Bank wire transfers allow larger deposits but take longer to process.
3. Cards:
1. Currencies: USD
2. Processing Time: Instant
3. Commission: 3%
4. Minimum Amount: 50 USD equivalent
5. Notes: Card deposits are processed instantly with a 3% commission.
4. Crypto:
1. Currencies: BTC, USDT, VNDC
2. Processing Time: 1-2 Working Days
3. Commission: None
4. Minimum Amount: 50 USD equivalent
5. Notes: Crypto deposits are processed within 1-2 working days.
5. Fasapay:
1. Currencies: USD, IDR
2. Processing Time: Instant
3. Commission: None
4. Minimum Amount: 50 USD equivalent
5. Notes: Fasapay allows instant deposits in USD and IDR.

Withdrawal Methods:

1. Bank Wire:
1. Currencies: USD
2. Processing Time: 2-5 Working Days
3. Commission: None
4. Minimum Amount: 1000 USD
5. Notes: Bank wire withdrawals typically take 2-5 working days to process.
2. Cards:
1. Currencies: USD
2. Processing Time: 1-2 Working Days
3. Commission: None
4. Minimum Amount: 50 USD equivalent
5. Notes: Card withdrawals are processed within 1-2 working days.
3. Crypto:
1. Currencies: BTC, USDT, VNDC
2. Processing Time: 1-2 Working Days
3. Commission: None
4. Minimum Amount: 50 USD equivalent
5. Notes: Crypto withdrawals are processed within 1-2 working days.
4. Fasapay:
1. Currencies: USD, IDR
2. Processing Time: 1-2 Working Days
3. Commission: None
4. Minimum Amount: 50 USD equivalent
5. Notes: Fasapay allows withdrawals in USD and IDR.
5. Skrill:
1. Currencies: USD
2. Processing Time: 1-2 Working Days
3. Commission: 1%
4. Minimum Amount: 50 USD equivalent
5. Notes: Skrill withdrawals are processed within 1-2 working days with a 1% commission.
6. Other Methods: CDG offers additional withdrawal methods, such as AliPay, Help2pay, Neteller, Nganluong, Paytrust88, ThunderXPay, and ZotaPay, each with its own processing times, commissions, and minimum amounts.

Please note that the processing times, minimum amounts, and commissions can vary between payment service providers, and it's essential to refer to your Client Portal for up-to-date information on each payment method and its operating hours, as these details may change. Additionally, CDG may charge withdrawal fees if there is no trading activity in the account or for excessive withdrawal requests beyond the first three each month.

Customer Support

CDG provides a top-notch customer service crew that gets the job done in a jiffy. Customers can reach customer care by phone, live chat, call back service, or email with any trading-related issues.

Email: cs@cdgglobalfx.com

There is also a web form for you to fill out your queries and then waiting to be connected.

Educational Resources

CDG offers a “Learn to Trade” section, which provides traders with limited educational resources. These include:

Events: This section likely features occasional events, such as webinars or seminars, offering traders insights into market trends and trading strategies.

Market Insights: CDG offers concise market insights, providing brief summaries of market trends and news. However, these insights may be limited in depth and scope.

Economic Calendar: The economic calendar helps traders track upcoming economic events and announcements that can impact financial markets.

While these resources serve as a starting point, traders are encouraged to seek more comprehensive education from diverse sources, such as online courses, trading literature, and webinars, to build a robust foundation for successful trading.

Summary

CDG Global offers a comprehensive trading experience with a range of account types tailored to different trader preferences, from the high-capital ECN Diamond account to the accessible Islamic account. The broker is regulated by the Labuan Financial Services Authority in Malaysia, ensuring a level of oversight. CDG provides access to various financial instruments, including forex, metals, commodities, indices, energy, cryptocurrencies, and stocks, giving traders diverse opportunities. The broker offers the popular MetaTrader platforms, MT4 and MT5, known for their versatility and features.

FAQs

Q1: Is CDG Global regulated?

A1: Yes, CDG Global (Labuan) Limited is a regulated financial institution operating under the oversight of the Labuan Financial Services Authority (Labuan FSA) in Malaysia.

Q2: What is the maximum leverage offered by CDG?

A2: CDG offers a maximum trading leverage of up to 1:1000, allowing traders to control positions up to 1000 times their invested capital.

Q3: What account types does CDG provide?

A3: CDG offers various account types, including ECN Diamond, Islamic Account, Standard Account, ECN Platinum, and ECN Gold, each designed to cater to different trading preferences and budgets.

Q4: What trading platforms are available with CDG?

A4: CDG provides access to the MetaTrader trading platforms, including both MT4 and MT5, known for their powerful features and user-friendly interfaces.