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CFDTimes Review - Is it scam or safe?

CFD Times Review - Is cfdtimes.com scam or safe forex broker?

RATING: 2 / 1 REVIEWS ForexBrokerz CFDTimes
CFDTimes is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts

 

Account type Minimum deposit Minimum trade size Maximum leverage Spreads
Classic $50 0.01 Lots 1:500 2 pips
ECN Pro $5 000 0.01 Lots  1:500 1.5 pips 
VIP $20 000 0.1 Lots  1:500 0 pips


CFDTimes offers three types of accounts: Classic, ECN Pro and VIP. All of them allow hedging. There are also optional Islamic versions for all three types of accounts.

The maximum leverage is 1:500 and starts from 1:100 depending on the size of the deposit.
 


The Company. Security of Funds.

 

Company Country Regulation
CFDTimes Ltd. St. Vincent and the Grenadines No


CFDTimes is an offshore broker based and registered in the St. Vincent and the Grenadines and claims to be “in full compliance with international legislation and regulation standards.” 

It must be noted, however, that trading with an offshore broker is a risky business. No matter the claims and pledges for integrity and honesty, those brokers are often fraudulent and do not abide by any rules and best practices. Furthermore, they often do not keep the client money in segregated accounts, even though CFDTimes claims to do so, and are not members of any compensation schemes.

If you want to invest your hard-earned money, better choose a broker regulated by the FCA or another EU regulator, if you are in the EU, or in Australia, New Zealand, the US, for example.

 

Trading Platforms

 

CFDTimes offers trading on one of the most popular trading platforms – MetaTrader 4 (MT4), with all its features, functionality and versions.


MT4 is the most popular trading platform and is used by hundreds of brokers. It was developed by MetaQuotes Software and was released in 2005. It is mostly used for margin trading. MT4 allows users to program their own trading strategies, indicators and signals and this is the main driver of the platform's popularity. The user terminal itself provides trade operations, charts and technical analysis in real time. It includes 50 basic indicators, which can be further customized.

Throughout the years MT4 gathered immense popularity and to this day is the most widely used forex trading platform. Only recently MetaQuotes announced it is stopping the support and updates for MT4 in a bid to promote the MT5 platform, which has been in the shade of its predecessor since its launch in 2010.
 

Promotions

 

CFDTimes offers an XTimes Promotion. Under it the broker covers all risk of loss for the first three trades. The promotion is valid for deposits from $2000.

Another promotion offers free algo trading with the products of EAERA.

 

Methods of payment

 

CFDTimes accepts deposits via bank transfers, credit and debit cards, Neteller and Skrill, as well as in Bitcoin.

 

Conclusion

 

CFDTimes offers trading in 23 of the more popular forex pairs, plus spot metals, futures and shares through a non-dealing desk and with a large network of liquidity providers. Its trading conditions are average, but the broker is not regulated and this brings serious risks.

 

Pros: Cons
High leverage Not regulated
Free algo trading High initial deposit
  No demo accounts

 

Latest news about CFDTimes
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Traders` reviews for CFDTimes

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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