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CFD Financial Markets Review - is it scam or safe?

CFD Financial Markets review - Is cfd.fm scam or good forex broker?

RATING: 3 / 0 REVIEWS CFD Financial Markets
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CFD Financial Markets is a Cyprus based, CySEC regulated forex and CFD broker, offering a wide range of currency pairs with a choice of three account types and the MetaTrader4 platform. Here you may find more details about their trading conditions.

 

CFD Financial Markets Advantages:

 

Sound regulation

 

CFD Financial Markets is one of the trade marks of FXGlobe Limited, a Cyprus incorporated company, licensed and authorized by the Cyprus Securities and Exchange Commission (CySEC) – one of the most respected financial regulators in Europe. 

 

 

We should note that the CySEC license makes your investment with CFD Financial Markets totally safe. Among other requirements, CySEC brokers have to maintain a minimum operational capital of at least 730 000 EUR, to keep all deposited funds in a segregated, protected form creditors, trust account, to provide their clients with a negative balance protection, to file regular reports, to allow external audits and even to participate in a client compensation scheme, that guarantees up to 20 000 EURO of your investment.

 

Besides, a similar insurance mechanism is in place with other respected regulators, such as the Financial Conduct Authority (FCA) in the UK, as well. Thus, with an FCA broker you can be compensated with up to 50 000 GBP in the unlikely case your broker files for bankruptcy.  Also, here you may check our list of CySEC regulated brokers:

 

>>Forex brokers in Cyprus<<

 

Good variety of currency pairs

 

When we tested the broker's trading platform with a demo account, we counted over 40 forex pairs with a number of exotic currencies like Russian Ruble, Mexican Peso, Chinese Yuan, South African Rand, Turkish Lira, Singapore Dollar, Swedish Krona, Norwegian Krone, Danish Krone and Hungarian Forint, 

 

Other instruments include CFDs on gold, silver and platinum, oil, natural gas, copper, major indices and stocks. And we even came across a couple crypto CFDs on coins like Bitcoin, Ethereum, Litecoin and Ripple. 

 

If you are interested in crypto assets here you may check our list brokers trading with Bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Various payment methods

 

As for the payment methods, CFD Financial Markets accepts some pretty popular e-wallets and pre payed cards like NetellerSkrill and Paysafe Card. 

 

They also accept wire transfers as well as major credit and debit cards like VISA, MasterCard and Discover. However, as we do not see the option to pay with crypto coins, here is our list of brokers, accepting payments with bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

Acceptable minimum deposit requirement

 

You can start trading at CFD Financial Markets with just 250 USD and that is in line with what most other brokers would require for a starting account. Still, have in mind that some big, well established players like FBS and IG offer trading accounts with a symbolic deposit of just 5 USD or even less.

 

MetaTrader4 available

 

With  CFD Financial Markets you have a choice between a web based trading platform and the MetaTrader4 – probably the most widely used trading solution on the market. 

 

 

MT4 is light reliable and offers everything a professional trader would ask for – from an excellent package of charting tools to numerous, customizable market indicators and trading bots, with the help of which one can easily run automated trading sessions. Besides, here you may check our list of brokers, also supporting the MetaTrader4:

 

>>MT4 Brokers<<

 

CFD Financial Markets Disadvantages:

 

Higher spreads

 

Running a demo session, the benchmark EURUSD spread tasted with a Standard Account floated about 1.8 pips, which is a bit higher than what traders would usually expect. Have in mind that with a standard account spreads are considered attractive only when starting below 1.5 pips.

 

Still, we should note that with its premium accounts CFD Financial Markets offers better spreads –  from1.4 pips with the Pro Account and from 0.6 pips with the ECN Razor Account. 

 

For those accounts, however, the minimum deposit requirements are also higher – 1000 USD for the Pro Account and 2000 USD for the ECN Razor Account. And besides, here you may also check our list of brokers, offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

Leverage up to 1:30

 

The standard leverage, offered by CFD Financial Markets is 1:30 and is in line with the latest European Securities and Markets Authority (ESMA) regulations, that came in to force in early August. Still, to professional brokers, who can prove their experience, the broker offers leverage as high as 1:200.

 

Conclusion:

 

CFD Financial Markets is legit broker, licensed and authorized by CySEC, which can guarantee the safety of the invested capital. On the positive side we should note the good variety of trading instruments and the presence of theMetaTrader4 platform, while on the negative, the relatively higher spreads.

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Traders` reviews for CFD Financial Markets

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