CDG Global Review: Don’t Let This Broker Rip You Off
CDG Global broker doesn’t seem to be a scam at first glance. The offshore location implies, however, that there are no protections or warranties.
It will be demonstrated in this CDG Global review that the services promoted on the site differ from what is provided in reality. For these reasons, you should not trust this investment scam. Let’s take a closer look!
Also, avoid the trading frauds TradesUniversal, XProMarkets, and WinGroup at all costs! Moreover, before investing, always look into the past of internet trading firms!
|Headquarters||St. Vincent and the Grenadines|
|Platforms||MT4 & MT5|
CDG Global Regulatory and Security Of Funds
CDG Global Limited, a company registered in St. Vincent and the Grenadines, owns and operates this forex broker. If you look at the Financial Services Authority database, it shows that such an enterprise does exist. This may seem odd at first.
The FSA does not approve FX brokers, nor does it oversee the activities of international trade companies engaged in such activities. The organization warns us of this as soon as its site opens. The most recent all-out warning about the absence of regulation for brokers was made available by the FSA on 3 February 2022. Try to remember this.
What Are the Different Trading Platforms?
It’s critical to take a look at the trading platform as well as the requirements. CDG Global enables leverage as high as 1:1000, and even though such levels are not uncommon among offshore brokers, they are overly risky for retail traders.
Irrational leverage could result in huge losses. Notably, the best regulators have limited the levels available to retail traders to below 1:100.
Is there any information regarding the spreads? You can test their MetaTrader4 and MetaTrader5 in demo mode and see the spread for EUR/USD set at 3 pips, which is excessively high. Most legit and serious FX brokers supply levels of less than 1.5 pips for such a pair.
CDG Global Account Types Available
Account types are critical and forex traders should evaluate them before opening an account with any broker.
This broker has 5 account types and the minimum deposit amount that is $50. Since they are a fraud site, they are willing to accept any additional money you send them.
|Broker||CDG Global||FXTM||OctaFX||FPMarkets||XM Broker||HFM||FBS Broker|
Here’s a list of trading accounts this broker supports:
- ECN Gold
- ECN Platinum
- ECN Diamond
Note: There are firms that market systems—signal sellers or bots—and often sell unsafe things that do not yield profitable results. These false web pages often prey on people on many venues or forums. It’s critical to know this.
Deposit and Withdrawal Process
Speaking of payment options, you can see some on their website. These are Skrill, PayTrust, Bitcoin, Neteller, and so on. Nonetheless, was anyone able to withdraw money from this company? Not in reality.
Always do some research before you decide to open an account with any broker. Even well-trained, proficient investors who use the services of reputable brokers do this.
A fake website posing as a respected broker can fool many novice traders. Scammers will tempt you with a variety of bogus promises of easy profits. Never trade with non-regulated brokers, and stay away from easy money opportunities.
Fact: Leaving negative reviews online about this broker is beneficial. This can stop the spread of brokers involved in scammy activities. Aside from that, seeing complaints about the firm helps narrow the list of fraud victims.
How Does The Fraud Take Place?
Scammy financial brokers have many odd patterns. You will see so many withdrawal issues and negative reviews. Also, you will come across extremely high fees. Know that these massive fees, again and again, extend beyond 20%.
Thus, they will incorporate some sort of profit or fee. Before letting you withdraw money, fake websites will attempt to defraud you. After all, they will never let you withdraw anything. There is no doubt that this is always the case!
Aside from that, they almost always promise gains. This is another recognizable fraud scheme that you should keep in mind. These fraudsters promise guaranteed profits. Trading with leveraged instruments carries risks. Never look over this!
Scam brokers will keep telling you that profits are guaranteed. Trade with safe and regulated brokerage firms. Licensed brokers come from the EU, the USA, the UK, and Australia. These businesses need to publish a warning about the percentage of customers who lose money on their websites.
Forex Broker Recommendations
It is time to take a look at some of the best forex brokers in the table down below!
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
CDG Global Summary
This CDG Global review exists to save forthcoming traders from losing their money. Aside from having a fake offshore address, this broker has odd high leverage.
It’s best to verify all the corporations before you perform any transaction. We do wish that this CDG Global review has been helpful after all.
Let us know if you have any bad experiences with this deceitful broker. We can do our best to help you report it.
FAQs About CDG Global Broker
Do CDG Global Charge Deposit Or Withdrawal Fees?
This broker claims that there is no fee charged for the first 3 withdrawal requests every month.
Is CDG Global a Trustworthy Broker?
CDG Global FX broker is not safe or trustworthy at all. You should try to stay away from it!
How Can I Start Trading With CDG Global?
This broker is fake. So, if you decide to open an account with them, it will be extremely risky.