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CFD House Review - is it scam or safe?

CFD House Review - is scam or good forex broker?

RATING: 2.2 / 1 REVIEWS ForexBrokerz CFD House


Trading Accounts & Conditions


Account type Minimum deposit Maximum leverage Spread*
Standard €200 1:200 Fixed at 3.0 pips
Gold €2000 1:200 Fixed at 3.0 pips
VIP €5 000 1:200 Fixed at 3.0 pips


 * This broker does not announce its trading costs, we saw this spread in the platform.


CFD House is a broker that offers trading in 19 currency pairs, some CFDS, including on cryptocurrencies, as well as Bitcoin buy & hold service. There are several account types, but we are not sure whether the costs of trading differ, as the spreads are not announced on the broker’s website. Read the full review for more details.


Keep in mind that, due to regulatory restrictions, CFD House does not accept clients from the following jurisdictions: Afghanistan, Australia, Belgium, Canada, Iran, Iraq, Israel, Japan, North Korea, New Zealand, Turkey and the USA.  



CFD House Advantages


CySEC regulation

The main selling point of this broker is the fact that the company behind it, Spot Capital Markets Ltd, is licensed by the Cyprus Securities and Exchange Commission (CySEC) since 2013. Cyprus is one of the most popular forex broker destinations as regulation there is well-balanced and sound. Generally speaking, a broker holding a CySEC license provides traders with sufficient security about their investment.


Sufficient leverage

CFD House provides leverage up to 1:200, which should be enough to accommodate most trading strategies and is not dangerously high. However, many jurisdictions have capped leverage at lower ratios – USA (1:50), Japan (1:25). A leverage cap of 1:30 for CFDs is about to enter into force throughout Europe in August, 2018. The reason for these regulatory measures comes from the fact one can quickly lose all of his investment, and even more, if he doesn’t understand trading on margin and position sizing principles.


Cryptocurrency CFDs available, as well as Bitcoin buy & hold service

As we mentioned in the beginning, clients of CFD House are able to trade in several cryptocurrencies in the form of Contracts for Difference (CFD): Bitcoin, Ethereum and Litecoin. These can also be traded on margin, the maximum leverage ratio being 1:2. If you are into cryptocurrencies trading, you might check out more brokers that offer that type of service and are properly regulated:



>> Reliable brokers offering Bitcoin CFDs <<



In addition, CFD House offers an unusual service, which supposedly allows its clients to actually buy and hold the most popular cryptocurrency, Bitcoin.


Various payment methods

This is not a major advantage, but we must mention it. With CFD House you can deposit or withdraw funds via credit or debit card, bank wire and popular e-payment systems such as Skrill and Neteller.



CFD House Disadvantages


Spreads not specified. No demo accounts?

We could not register a demo account with CFD House. This strange message kept popping out, although the demo sign-up did not require a phone number:



So, we are not sure whether this is some sort of error or the broker does not provide free demo account, but this is definitely a disadvantage. (Potential) clients have the right to test any broker’s services without depositing any money. All the more so in this case, as CFD House has not announced its spreads on the website.


MT4 not available

Unlike most brokers, this one does not support the renown MetaTrader 4, simply known as MT4. Instead, it offers its clients a web-based trading solution, which lacks some key functionalities traders are used to with the MT4 platform: the superior charting, automated trading strategies (EAs), and more.  



>> Looking for a MT4 broker? <<



Nonetheless, we have to say that CFD House’s platform is user-friendly and allows leverage adjustment before each trade (as regards CFDs). Here is a snapshot:



 High costs of trading

We had to open a live trading account with CFD House in order to be able to see the spreads it offers and were quite disappointed. The spread on the most liquid forex pair, EUR/USD was fixed at 3 pips, which isn’t a competitive pricing. Most fixed-spread brokers provide a spread of 2 pips for this pair, and some even go lower than that.



>> Compare the spreads of top brokers here <<




In addition, we also found the price of Bitcoin a bit higher (the Bitcoin buy & hold service). When we tested the service, we were offered Bitcoin for $6511.465, and when we checked the price at coinmarketcap, it stood at $6476.25. It appears that the broker’s mark-up is very salty.


Withdrawal fees

While most brokers don’t charge deposit and withdrawal fees, CFD House has a €10 withdrawal fee all payment methods. This is not a major flaw, but still leaves a bad impression.





CFD House is a forex and crypto broker whose offering is not that attractive, but the company is a Cypriot Investment Firm, licensed by CySEC. Actually, Spot Capital Markets Ltd. operates a numberof forex and binary options brokerage brands, most of which we heva reviewewd on our website: CapoTrade, FinanceYards, Cardinal Markets, CBFinvest and others.


Here are some of the key advantages of brokers regulated by the Cyprus Securities and Exchange Commission. First of all, they are required to meet a capital adequacy requirement of  €730 000, to report transactions on a regular basis and to keep client funds in segregated accounts. Second, clients of such brokers are covered by the local compensation scheme up to €20,000.



>> More CySEC-licensed brokers <<



To sum up the strong and weak sides of CFD House:


Pros Cons
CySEC license Spreads not specified. No demo accounts?
Up to 1:200 in leverage High costs of trading
Various payment methods MT4 not available
  Withdrawal fees


Latest news about CFD House
No news about CFD House . Check back later.
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