CFD Global Review Is CFD Global A Safe Broker

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CFD Global Review – is cfdglobal.com scam or good forex broker?

Trading Accounts

Account type Minimum deposit Minimum trade size Maximum leverage Spreads
Standard $1000 0.01 1:200 3 pips, fixed

CFD Global offers its clients a single commission-free account type with leverage up to 1:200, fixed spreads and the option to trade in micro lots on the MetaTrader 4 platform. Clients who deposit more than $5 000 are entitled to some extra services (such as Premium Daily Analysis and Premium Customer Care).

Keep in mind that this broker does not accept citizens of Japan, Canada and USA as its clients.

The Company. Security of Funds

Key Way Investments Ltd.

CFD Global offers trading in 45 currency pairs, precious metals and CFDs on stocks, commodities, bonds and indices through the industry’s standard MetaTrader 4.

CFD Global is the trading name of Key Way Investments Ltd., a Cypriot Investment Firm (CIF) licensed by Cyprus Securities and Exchange Commission (CySEC) in 2020.

CIFs are required to hold at least €730 000 as a proof of their financial stability and to keep client funds in segregated accounts, as well as to report to the Commission on a regular basis.

Furthermore, CySEC applies a compensation scheme as an additional guarantee to clients’ funds. All licensed brokers are members of the Investor Compensation Fund, which may cover a maximum of 20,000 EUR per person in the event of broker insolvency.

Besides, as Cyprus is part of the European MiFID regulations, all CySEC regulated are free to operate in all EU Member States.

Trading Conditions

Minimum Initial Deposit

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In order to open an account with CFD Global, traders have to invest a minimum of $1000, which is a comparatively high initial deposit. Yet, many Cyprus-based brokers require less. In order to open an account with FXTM, for example, one has to deposit just $5. The minimum initial deposit required by another Cypriot broker, HotForex, is $50.

CFD Global offers commission free-trading, as is usually the case with fixed-spread brokers. Unfortunately, this broker’s spreads are rather high, amounting to 3 pips for the EUR/USD pair.

For purposes of comparison, HotForex provides spreads fixed at 1.8 pips on EUR/USD. For more information, you may look up real-time spreads of 15 leading brokers here.

The maximum leverage level offered by CFD Global is 1:200. Such ratio is common for the FX market, yet the CySEC has proposed 1:50 as default leverage. According to the Cypriot financial watchdog, brokers offering “excessive leverage” to retail clients are most likely not doing it in the best interest of traders, because the higher the leverage, the greater the risk.

Nonetheless, many Cyprus-based brokers offer high leverage levels – for example, HotForex and FXTM both provides leverage up to 1:1000.

Trading Platforms

This broker supports the most widely used forex trading platform MetaTrader4 (MT4), available as desktop and mobile versions.

MT4 remains the preferred choice for most traders globally, as it provides a full array of trading tools and features: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work.

CFD Global’s desktop MT4. Click for larger image.

Methods of Payment

CFD Global supports a small range of payment methods – credit/debit cards & bank wire transfer. Popular e-wallets like Skrill and Neteller are not available with this broker.

Accepted currencies: USD, EUR and GBP.

Conclusion

CFD Global is a Cypriot forex broker, offering trading in FX and CFDs on the popular MT4 platform. The main problem with this broker is the high cost of trading and besides, its offerings are quite limited: it provides only fixed spreads solely on one trading platform, e-wallets are not available as payment methods, nothing is mentioned on its website about VPS hoisting, account management services, etc. To sum up the above, here are the Pros and Cons with regards to this broker:

Pros Cons
Well-regulated High fixed spreads
Commission-free trading No choice of trading platforms
MT4 available High initial deposit required
No VPS hosting, PAMM services
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Global CFD Review – is globalcfd.com scam or good forex broker?

Trading accounts and conditions

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Standard $500 0.01 lots 1:200 From 1.5 pips
VIP $2500 0.1 lots 1:100 From 0.5 pips

Global CFD is an offshore broker based in Mauritius, regulated by the local Financial Services Commission (FSC). It offers trading in forex, CFDs on commodities, indices and Bitcoin – a total of 120 instruments. The broker claims it is offering ECN interbank pricing with no market maker or dealing desk.

In addition to the live trading accounts, there is a 30-day demo account for trial purposes.

The Company. Security of Funds

Company Country Regulation
Global CFD Ltd Mauritius FSC

It looks like Global CFD is a new forex broker. It based in Mauritius and has a license from the local watchdog, the Financial Services Commission (FSC) for an investment dealer.

It appears that Global CFD is mostly targeting the Chinese-speaking clients.

There are some major forex brokers like Alpari, who hold a Mauritius license, but usually they have multiple licenses, as the Mauritius regulation is hardly very reliable, despite its requirements and its intentions “to be an internationally recognised Financial Supervisor committed to the sustained development of Mauritius as a sound and competitive Financial Services Centre”.

Generally, it is less risky to deal with brokers who comply with stricter requirements and are subject to more serious supervision, like the one exercised by UK’s FCA.

Trading platform

Like the vast majority of forex brokers, Global CFD offers the popular trading platform MetaTrader 4. It is still widely used, despite the plans of its developer MetaQuotes Software to gradually phase it out of use.

For the more than 10 years of its existence MT4 has become the preferred trading platform by brokers and traders alike. It has numerous features and is user friendly. Furthermore it supports third-party add-ons, multiple types of orders and automated trading and provides many analysis and charting tools. The platform also supports money management accounts and automated trading.

Global CFD is offering both the computer version of the platform and the applications for mobile devices.

Methods of payment

Global CFD says it accepts only bank transfers and transfers via the China UnionPay gateway. There are no other more popular options like PayPal, Skrill or through debit/credit cards.

The broker accepts payments in USD, EUR, GBP, HKD, JPY and SGD.

Conclusion

We cannot make our mind up on whether Global CFD is a reliable broker or not. It is certain that it is not very different from the hundreds of other similar small brokers with offshore licenses. Its trading conditions are just average and there are numerous companies offering better conditions.

If it were us, we would choose a big broker with a good track record and history and proper regulation.

Pros Cons
MT4 Offshore broker
Few deposit options

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

CFD Global Review: Is CFD Global A Safe Broker?

Cfdglobal.com (Capex.com) Review: this is the former website of Key Way Investments Ltd, a Forex broker with headquarters in Cyprus. Is Key Way Investments Ltd legit or a scam? Forex brokers are many in the market and it is vital that traders find out trading details of brokerages they want to invest in.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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CFD Global or Key Way Investments discloses that it is based in Cyprus. Forex trading is regulated by the Cyprus Securities and Exchange Commission (CySEC) in this region. When we checked the online register of this commission we found that CFD Global or Key Way Investments Ltd is properly licensed and registered. It is also called CAPEX.

Trading with a Forex broker that is licensed reduces many dangers to traders’ funds. Misappropriated funds can be recoverable by the government as well. Licensed brokerages are under many rules of trade and this gives traders a level of assurance.

Advantages of CFD Global

Despite being a firm created in 2020, Key Way Investments holds proper licensing from Cyprus. This is an advantage that traders look out for. Safekeeping and administration of financial instruments as well as the execution of orders on behalf of clients. There are investment research and financial analysis or other forms.

Complaints are also properly handled for clients to trade in the best possible conditions. It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

CFD Global Trading Platform

Key Way Investments Ltd grants traders access to use the MT4 trading platform. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

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 systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come 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.

Trading instruments offered to traders are 45+ currency pairs and CFD on precious metals, stocks, commodities, bonds, and indices. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is 1:200 and while this may seem generous, it is not advisable. High leverages can lead to huge loss of funds as well. Spreads are 3 pips on the EURUSD pairs which are quite high and discouraging.

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 CFD Global

The means that traders are to use to make deposits and withdrawals are VISA, MasterCard, Skrill, Neteller, and Bank transfer. It is encouraging that e-wallets are allowed.

This is because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required is $1000 and this is higher than the obtainable average of $100 to $250 that is common among legit brokers. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.

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 CFD Global Licensed?

Yes. CFD Global is a properly licensed and registered Forex broker under the name Key Way Investments Ltd. The Cyprus Securities and Exchange Commission (CySEC) authorizes the brokerage to trade in Europe.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To get in touch with the broker, dial +357 22 000 936, +357 22 496 642 or email [email protected], [email protected]

Conclusion

Why we rate this broker highly is because it is a licensed company. However, the minimum deposit is higher than we encourage and the spreads are also not low enough. It uses the MT4 platform which is good and has a number of trading instruments. The several aliases it has used is also fishy, it was known as CFD Global, then CAPEX and is still Key Wat Investments.

If you have what to say about this brokerage, share your experience in the comment section.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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