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CFD Corporate Review - is it scam or safe?

CFD Corporate review - is cfdcorporate.com scam or safe forex broker?

RATING: 1.9 / 9 REVIEWS CFD Corporate
CFD Corporate is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


CFD corporate is a forex brokerage owned and operated by Mpower Technologies Ltd, situated in Nicosia, Cyprus. The brokerage is among the most intriguing we have come across – read the whole review to find out why!

 

 

Disadvantages

 

 

No regulation 

 

CFD Corporate not only does not mention any regulation by relevant authorities, but openly states that it is not regulated and warns potential clients  of the risks involved in dealing with an unregulated brokerage. As has been mentioned many times – the most vital issue with the lack of regulation is the lack of assurance for the safety of the clients funds. The brokerage, perhaps, seeks to acquire a regulation in the near future and is attempting to build a relationship of trust with clients which should definitely be condoned, but until such a regulation is acquired, any potential client of CFD Corporate is exposed to risks and due diligence requires us to state them. 

 

Brokerages who are under the supervision of reputable regulatory agencies such as Cysec or FCA must comply with the highest regulatory standards. One such is the requirement that accounts be segregated i.e. the brokers must handle the finances of the clients separately from their own. This greatly minimizes the risk of potential fraud and is a huge assurance for the clients. Another assurance for the client is the participation in compensatory schemes where clients losses will be covered in the unlikely case the broker foes bankrupt. CFD Corporate may be attempting to achieve registration with authorities and their honesty certainly should be put as an example of transparency, but until such a goal is achieved, potential clients of the brokerage are liable to all sorts of risks. Having stated this, we advise interested traders to act with caution and do business only with regulated brokerages. 

 

>>List of FCA regulated forex brokers<<

 

High spread

 

CFD Corporate grants free access to its trading platform and on it we could see the staggering amount of 30 pips fixed spread. This is twenty times the industry average and ridicously high, but at the very least the brokerage does not hide it. It is most probably such a high ammount so as to induce clients to deposit more and get a more expensive account, since one of the benefits of such an account would be a better spread. Nevertheless, such a high spread should be seen as a negative, because it drastically increases the cost of trading. For traders interested in fixed spreads – here is a list of our recommended fixed spread forex brokers: 

 

>>List of fixed spread forex brokers<<

 

Obscure fees 

 

In the lengthy terms and conditions we find well-hidden a number of fees. The highest one is the “dormant fee” for accounts which have been inactive for more than three months. On such accounts the brokerage will charge $99.99 a month for “maintenance”. We also read that clients may be charged with a transfer fee, but there is no clarity in what circumstances such a fee will be deducted from the clients funds. 

 

 

No MT4/MT5 

 

CFD Corporate provides potential clients with a solid web-based platform that is readable, accessible and not lacking analytic potential. However, we always see the absence of the MT4/MT5 trading platform as a disadvantage. For one, it is the preffered choice for more than 80 per cent of the trading world and brokerages should have that in mind. Furthermore, its unique features such as the MQL programming language allowing traders to design and backtest their own auto-trading bots or run ready-made ones, will be missed by serious and apt traders. 

 

Here is a screenshot of the web-based platform: 

CFD Corporate trading platform. Click to zoom.

>>List of MT4 forex brokers<<

 

 

Advantages 

 

 

Variety of products

 

CFD Corporates provides would-be clients with participation in a number of financial markets. Traders may trade CFDs on currencies, stocks, indices, commodities and a wide range of cryptos. Such a diverse set of products is always a welcoming sign and we see it as an advantage to be had. What stands out the most is the variety of cryptocurrencies. This is an exciting feature, however, it is best when backed up by regulation. For interested traders - here is a list of our recommended Bitcoin forex brokers: 

 

>>List of Bitcoin forex brokers<<

 

Plenty of information on account types 

 

There is an abundance of information on the brokers website and they state the types of account they offer to clients. The minimum deposit for the most basic on is $250, where as for the most premium account the figure is not disclosed. Repeating what was said above, it is clearly mentioned that better accounts offer better spreads. The sum for the minimum deposit is pretty standard and nothing out of the ordinary. 

 

High Leverage 

 

CFD Corporate provides clients with a leverage of up to 1:400. It must be said that the leverage for European brokers will be limited to 1:30 in 2018 thanks to a new regulation from the EU. Higher leverage distills more freedom in the traders dealings, as well as the chance for higher profits. It does, however, also hide the risk of contingent heavy losses. 

 

Plenty of payment methods 

 

The brokerage offers clients a wide set of payment methods. They include: Visa, Mastercard, Maestro, iDeal, Polt, Giropay, Poli, Nordea, Skrill, ePay.bg, Rapida, Neteller, American Express, UnionPay, Eps and Load. This should always be seen as an advantage beacuse it does not limit potential clients options. 


Conclusion 

  

CFD Corporate is a brokerage that states openly its status of an unregulated entity and discloses the risks of trading with such an entity. A transparency of this sort should be encouraged, since it is highly valued in the trading world. However, the benefits and assurances that come with a clear-cut compliance to the highest regulatory standards are valued even more. The spread is ridicoulosly high and the minimum deposit is certainly not acceptable for newbie traders. Outlining all this, we recommend interested traders orient themselves to regulated brokerages where the safety of their funds is guaranteed and they have at their disposal better trading conditions. We have linked throughout the review to such brokers. 

 

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Traders` reviews for CFD Corporate

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

SCAM SCAM. Detectives/Lawyers on to find them

They scammed me also. I have an IT Black Net gig trying to find them.
Once we find them, join me and we will go and knock them into next century. I will not hold back on these guys. And I will find them.
Just a matter of time.

CVH 03/26/2019

It’s a big scam

This company refuses to pay my money. I’ve been trying gently to close my account and have my money back. But, unfortunately they simply don’t reply my emails or calls.

Don’t make any business with this trash, named company.

Get rid of it!!

Jose 02/13/2019

CFD Corporate is purely scam! Beware!

I was enticed by a sponsored Facebook ad about Singapore coins sold by Cashlesspaygroup.com. I filled all the information and suddenly it was routed to CFDCorp.com. I was so stupid to fund $250 using my credit card. Immediately after funding I received an sms that I am being charged from a company in Shenzen China and I was told (Please note, UCFP*JUN QINGCO**LTD is a descriptor with payment service provider). I decided to block my card however there were already many unauthorized transactions that follows charging from Vietnam..etc...I reported everything to my banks fraud department and ended up closing my credit card...





Best Regards,
Compliance Department
Main:+442038684039

Roxy 12/04/2018

Scam scam scam

This is the most scam trade market ever ...guys don’t ever allow them too fool you...once you deposited whatever amount they keep pushing you to add more money with a lot of promises ....and take all your money......my advise for every one is that to further investigate first before you made such decisions....luckily I started with small amounts of money I feel very sorry for those who lost the massive .....

Once you lost the first investment they keep calling you and come with silly idea of the recovery plan...where you deposite some amount of money and they will add 50% of the same amount....what a joke....

I won’t complain if I open one single position by myself, however it was fully monitored by the so called account manager and ended up with loss all investment within just a week..oneday earlier he phoned me and requested to add more money claiming that the market is very promising when I denied the following day I received email claiming that as they are going to close the open positions since my balance is low and advised me to add more money.



Scam scam scam!!!!!!!!

Henok 11/15/2018

CFD Corp is a Real Scam

they stole my money, they closed my trading account $15,868, they did it when i was requesting to close my trading account and return my money, instead of returning my money they closed my account and did not return my money.

Elizabeth Dantos 10/21/2018

what happened to my money

After depositing my money you never communicated with me wether with e.mail's or telephone. My endeavours to call you or write e.mail's to you were in vain,Sophia Calken and Jessica Stein,you just took my money and left me high and dry after I struggled so much to raise the money.You scammed me.

Rebecca Machaba 10/21/2018

CFD Corporate A Real Scammer please don’t ever try to invest

Total amount $15,868.00 they stole from me
they have access on my password

29 Sept 2018, i requested to withdraw my trading account, Mr Bender Charles he did not allowed me to withdraw, they immediately changed my password, when i spoke to Mr Bender he is allegely my account manager, he already changed my password, He is pressuring me to add continually my funds

on 07 Oct i was on vacation and don’t have access on my trading account, i got an email askjng me to add more $5,600.

on 10 Oct 2018 they closed my trading account with my $15,868.00

Elizabeth Santos 10/20/2018

No customer service and not prepared to refund you

Worst experience ever. No customer support.
Continually trying to get you to deposit more.
I asked for a refund and still waiting for a month for them to get back to me .
Scam !! Scam !!
Stay away.

Rumaiysa Bhyat 10/08/2018

withdraw my money

can i withdraw my investment CFD is not good

Edgar Cabansag 09/24/2018
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