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CDO Markets Review - is it scam or safe?

CDO Markets Review - is cdomarkets.com scam or good forex broker?

RATING: 1.5 / 0 REVIEWS CDO Markets
CDO Markets is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account  Min. deposit Max. leverage Spread
STP  $100 1:500  from 0.8 pip 
ECN  $1.000  1:500  from 0.1 pip +$5 /lot
VIP  $10.000 1:500  N/A

 

Vanuatu-registered brokerage CDO Markets offers the three account types listed above, and supports the good old MetaTrader4 platform. Here are our impressions of this broker, after we made a thorough research on the company and tested its platform. Make sure you read it prior to investing with  CDO Markets.

 

 

CDO Markets Advantages

 

Licensed in Vanuatu

The company operating this broker, CDO Markets Ltd., is licensed by the Vanuatu Financial Services Commission (VFSC) as a dealer in securities. Although such a license does not mean a lot in the trading world, because of the lax regulations in offshore zones, it is still better than nothing.

 


Clcick on the image to zoom in. We duely checked this information on VFSC's website.

 



The VFSC requires licensed entities to keep clients’ funds in segregated accounts, separate from the company’s money. Also, all regulated brokers should maintain a physical presence on the island, have a local director, and to maintain a certain minimum capital requirement ($50 000).

 

Trading on MT4 

As we mentioned already, CDO Markets uses the ever popular MetaTrader 4 (MT4), and that is another plus. This trading software provides great charting capabilities, an astonishing environment for the development of custom tools (MQL) and automated trading systems (Expert Advisors) which the so called "marketplace" has to offer. Besides, the platform is available in all forms and shapes – desktop download, web-based version and mobile apps for iOS and Android.

 



>> Extensive list of brokers offering MT4 <<

 

 

Seemingly good spreads, high leverage

As announced on CDO Markets’s website, this broker offers pretty low spreads, starting from 0.8 pips on majors, as well as leverage high enough for any trading strategy. We tested the broker's platform in demo mode and found the spread really that low.

 

 

Click on the image to view full size.

 

Such pricing is really attractive, however don't forget that this broker is registered offshore. That being said, a number of well-regulated and reliable forex brokers offer similar or better spreads, so check them out.

 

 

>> Real-time spreads of some of the best forex brokers <<

 

 

CDO Markets Disadvantages

 

Registered offshore

Although the regulatory framework for financial services providers in Vanuatu is better than those in most offshore zones, it is still loose. The VFSC has very lax requirements to dealers in securities and practically does not exercise any oversight. This means that clients of 6iTrade and other offshore brokers have no guarantee that their money is safe, nor that they will receive any protection if something goes wrong.

 

Please, familiarize yourselves with all the risks associated with doing business with offshore brokers, and consider carefully whether to waste your time with money with 6iTrade or another offshore company. 

              

No CFDs on stocks & crypto

This is not a major flaw when compared to the previous ones, but we still decided to mention it. According to the information on the broker’s website, CDO Markets does not offer any stocks and cryptocurrency CFDs for trade. If you are keen on trading cryptocurrencies like Bitcoin, check our list of recommended brokers who offer such.



>>Well-regulated crypto-CFD brokers<<

 

 

Conclusion

 

CDO Markets is a Vanuatu-registered broker and although its trading conditions seem all right, we believe that there are better trading partners.

 

Offshore brokers don't provide significant assurance for clients' funds and are not authorized to operate on any regulated financial market, such as in the USA, EU, Australia, Japan, etc. Yet, many of them illegally target residents of these countries and jurisdictions. The truth is, most such entities choose to register on sunny islands to cut legal corners and run investment scams. That is why we encourage investors to deal only with financial services providers licensed by reputable governmental agencies like the FCA or CySEC in Europe.

 

 

>> Trade with a CySEC-regulated broker <<

 

 

To sum up our review of CDO Markets

 

Pros Cons
VSFC license Registered offshore
MT4 supported, high leverage No CFDs on stocks & crypto
Low spreads  

 

Latest news about CDO Markets
No news about CDO Markets . Check back later.
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Traders` reviews for CDO Markets

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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