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CFD world review : CFD World is one of the brand names of Goldenburg Group Limited. This is a Cyprus Investment Firm (CIF) supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence No 242/14.
Meanwhile, this broker believe that it’s very possible to live in the presence; And change the future through simple online trading. Moreover, this is achievable especially with a highly reputable broker like CFD world.
Currently, CFD world provides a conducive trading environment for their clients. There are also numerous available trading instruments. Therefore the choice of traders has no restrictions.
To contact this broker traders need to send a mail to email@example.com.
They can also call +357 25 054744.
Moreover, their physical address is at GOLDENBURG GROUP LTD 1 Siafi Street Porto Bello BLD, 3042 Limassol Cyprus
CFD world review
Cfdworld.com is a domain registered 4 years ago, precisely on 28 May, 2015. Like we mentioned earlier, this broker is one of the brand names of Goldenburg group LTD. Meanwhile, being fully licensed and regulated by the CySec, it has built a great reputation.
CFD world has over 60 currency pairs. Many of which are exotic or minor like USDBRL, USDCNH, USDCZK. Others include USDDKK, USDHKD, USDHUF, USDMXN, USDNOK, USDPLN. The list also includes USDRUB, USDSEK, USDSGD, USDTRY and USDZAR.
This is quite impressive.
In addition, CFD world offers CFDs on various assets. These include cocoa, coffee, cotton, sugar, corn, soybean, wheat. Others are aluminum, copper, nickel, zinc, Brent, WTI Crude, Natural Gas; Precious metals like silver, gold and platinum, 15 indices and stocks.
On top of that CFD World offers physical shares, which you can buy in exchange of a 2% annual commission.
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What account types and trading plartform does CFD world offer?
Basically, this broker offers both demo account and live account. Like other regulated brokers, the demo account helps you to practice and get use to the trading conditions. The will definitely make trading in a live account a smooth ride.
CFD world uses mt5 as their trading plartform. This is good since many traders enjoy the great features that comes with this plartform.
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Other things you need to know about CFD world.
In addition to English language, this broker also support 13 other languages.
These are Swedish, Spanish, Slovak, Serbian, Russian. Portuguese, Polish, Mongolian, Latvian, Korean, Japanese, Italian, Indonesian, Hungarian, Hebrew, Greek, German, French. Others are Estonian, Dutch, Danish, Czech, Croatian, Chinese, Bulgarian, Vietnamese and Turkish.
The spread offered by this broker is not impressive. They offer 3pips as benchmark for EUR/USD. This is like double of what traders find attractive.
The leverage offered by CFD World is in line with the latest guidelines of the European Securities and Markets Authority (ESMA) – up to 1:30 for forex pairs and 1:20 for other CFDs. If you are an experienced trader however, and you can prove that, you might be offered leverage as high as 1:100.
Is your fund safe in CFD world?
In the course of this CFD world review ; We downloaded and read clearly the broker’s key information document on forex.
The Company segregates all its clients’ funds from its own, in different bank accounts, in accordance with the Law
87(I)2017 and Directive of the Cyprus Securities and Exchange Commission. This essence is for the Safeguarding of financial
instruments and funds belonging to clients.
Moreover, the Company participates in the Investor Compensation Funds.
The objective of the ICF is to secure claims of the covered Clients against members of the ICF, through the payment of
compensation. This is in cases where the member concerned is unable to pay out.
Although the total payable compensation to each
covered Client of the Company may not exceed the amount of twenty thousand Euros (EUR 20,000). But it’s far better than nothing.
What deposit and withdrawal methods do they offer?
This another challenge of CFD world. They limited payment methods as all they accept is credit and debit cards. These are Visa and master card. Although they also accept wire transfer. But other methods of payment like Neteller and Skrill are not accepted. And this can affect the effectiveness of clients transactions.
Meanwhile, the only acceptable method of withdrawal is wire transfer. This is even worse. We suggest that this broker expand their methods of transaction. It’s definitely going to enhance effectiveness.
CFD world is legit. This broker is regulated by a reputable financial body (CySec). Therefore one can say that your funds are safe. They only need to improve on their weakness like method of payment and withdrawal. In addition, CFD world should also try and include cryptocurrency trading.