CDO Markets Review Is cdomarkets.com A Legit Broker

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CDO Markets Review: Is cdomarkets.com A Legit Broker?

CDO Markets Review: this is the name of a Forex broker in the offshore location of Vanuatu. Is cdomarkets.com a scam or should you invest funds in it?

The broker claims that it has the markets that traders need as well as the right services. There is an offer for both live accounts and demo accounts on the page. Its address is at:

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1276 Kumul Highway, First Floor, Govant Building, Port Villa, Vanuatu.

CDOMarkets states that their advantages over other brokers include: dedicated customer support, tight spreads, high leverage, 24/5 nonstop trading, and 100+ financial products.

Trading platforms are also touted to be top notch and easy to use at the convenience of traders. Although, in general, CDO Markets looks like a professional broker, we will consider some of its lapses.

CDO Markets Trading Platform

Like was stated earlier, the trading platform offered by the broker is said to be very good. It gives access to the MetaTrader 4 and CDO Prodigy. Although we cannot say much for the later, the former is well known.

Regulated brokers usually mention trading platforms such as MetaTrader 4 and MetaTrader 5.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

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Trading products that are available to traders seem to be majorly Forex currencies. It is not mentioned if the CFDs extend to stocks and cryptocurrencies.

Again, Forex traders with licenses who are serious about the business provides impressive trading portfolios that includes more than 300 Forex currencies, 5+ cryptocurrencies, and CFDs on numerous commodities like silver, gold, indices, stocks, oil.

Leverages can reach a maximum of 1:500 and the spreads are said to start from 0.1 pips, this are seemingly good trading conditions.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal Methods on CDO Markets

Payment methods for both funding and withdrawing were not specified on CDO Markets page and it looked like clients are only allowed transactions via Bank Wire.

Standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on. It is not so for CDO Markets and this is not a good sign.

Minimum deposit requirement for this broker is $100 and it is published that both deposits and withdrawals do not come with additional fees and commission.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is CDO Markets Licensed?

CDO Markets is registered in Vanuatu and holds a license there. However, since this is an offshore location where the conditions placed on brokers are not strict enough, traders may not find this license satisfactory.

Fund safety is not assured in these locations and traders have been warned many times to beware of brokers in these locations.

Support

To contact this broker, use the following emails: [email protected] (customer support), [email protected] (new accounts), [email protected] (backoffice)

Conclusion

The offshore location is an instant red flag for traders and the lack of information on the means of payment is discouraging. CDO Markets has good trading conditions, yet clients might not be satisfied until they are under a Commission that is trustworthy.

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CDO Markets Review: Is cdomarkets.com A Legit Broker?

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CDO Markets Review: Is cdomarkets.com A Legit Broker?

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