CFD2FX Review Is It Safe To Trade With Cfd2fxpro.com

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CFD2FX Review: Is It Safe To Trade With Cfd2fxpro.com?

Cfd2fxpro.com Review: this is the website of a web trading Forex company based in St. Vincent and the Grenadines. Is CFD2FX a legit or scam broker? Read the following details as we place details about this broker in the spotlight.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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On the page, CFD2FX reveals that it is operating from the island of St. Vincent and the Grenadines which is an offshore region. It is operated by Lion Finance Ltd. Forex trading goes on without proper regulation in this kind of location making it a choice base for scam companies.

Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well. Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of CFD2FX

The CFD2FXPro Forex broker charges no commission for trades and offers ultra-fast execution of trades. Deposits and withdrawals are done instantly and a wide range of trading instruments are offered. Funds safety is assured; low spreads are used along with generous maximum leverage.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

CFD2FX Trading Platform

CFD2FX mentions that its clients get access to the MT4 trading platform. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

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Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are Fx, Metals, Oil, Global Indices, and cryptocurrencies. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is 1:300 and while this may seem generous, it is not advisable. High leverages can lead to a huge loss of funds as well. Spreads are not disclosed.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on CFD2FX

The means of making deposits and withdrawals with this broker are VISA, MasterCard, and Bank Wire Transfer. We are discouraged that e-wallets are not named because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required to trade with the CFD2FX Forex broker is $250 which is within the obtainable average of $100 to $250 usually required by many other brokers. Withdrawal fees are not stated but the broker mentions that it reserves the right to impose them at any time.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Blacklisted in Italy

Another discouraging discovery about CFD2FX or CFD2FXPro is that the CONSOB warns Italian citizens to avoid it as it is targeting them illegally.

Is CFD2FX Licensed?

No. CFD2FX is not a properly licensed and registered broker. Even if anyone comes across a mention of licensing from this firm, so long as it is based in the offshore location, it is not likely to be a trustworthy one.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To get in touch with a representative of the customer service, interested clients are to dial +44 75 20 665 025 or send an email to [email protected]

Conclusion

CFD2FX is not a licensed company and further, it is blacklisted by a European trading authority. These two facts get it a low rating. Although we found the minimum deposit requirement and the trading platform provided encouraging. Trading conditions are not clear as are the withdrawal conditions.

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CFD2FX Review

Broker : CFD2FX
Address : Beachmont, Box 1510 Kingstown, St. Vincent & Grenadines
Phone : 447520665025
Email : [email protected] & [email protected]
Website : www.cfd2fx.com & www.cfd2fxpro.com

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Let’s talk about CFD2FX.com or CFD2FXPRO.com

If you are here it’s to know why this broker isn’t reliable, we will show you why it’s a scam.

Who is the owner of this broker ?

CFD2FX is operated by Lion Finance Ltd . A company that owns 2 different sites for the same name. By experience, we are certain that this company will soon close one of the two websites because it has succeeded a warning from Italy because it doesn’t have an official license to offer trading but scam people from Italy .

Deposit and withdraw.

Account types aren’t progressive. We must deposit at least $250 then at $5000. To withdraw his money, we received an email from Fabio who has not yet managed to recover his money he deposited $750 at this broker.

Regulated or not ?

CFD2FX doesn’t have any official licenses and offers trading in Europe. It’s forbidden to offer trading in Europe without regular licenses. He has also received a warning from the Italian financial authorities (CONSOB) for having proposed trading in Italy.

Warning from CONSOB

Final conclusion.

With two websites to scam more people and a consob warning, CFD2FX is a scam you absolutely must avoid.

Leave us a comment if you have an experience with this broker. We want to prevent other people from being scammed like Juan. We receive threats from many fraudulent brokers but nothing will stop us to help you.

2 Comments

Goldmancfd is a scam broker of the highest order.Alex Massoni is the person I dealt with and is a crook of the highest order. I had a balance of 720,000 in the account. He wanted me to deposit additional funds and refused to allow me a withdrawal of 1000 and then proceeded to.open huge losing trade towipe out the account.

Hello i’m also been scamed from Alex Massoni, i have lost 20000euro in another company , then Alex Massoni called me at said to me he had found the money , he provided me with a lot of documemt telling me i should pay invoice 2000 euro in taxes and feeds , i payed the invoice , but after the payment everything went wrong , and now Alex Massoni is desapered. So don’t Work with him he is a scammer.

CFD2FX Review: Is It Safe To Trade With Cfd2fxpro.com?

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