CDG Global Review: The Truth About This Scammer
CDG Global FX broker doesn’t look like a fraud at first. However, the offshore location implies that there are no protections and warranties of any kind.
It will be demonstrated in this CDG Global review that the services promoted on the site differ from what is provided in reality. For these motives, you should not trust this investment scam. Let’s take a closer look!
|Company||CDG Global LLC|
|Address||St. Vincent and the Grenadines|
CDG Global Regulation and Security of Funds
This forex broker is owned and operated by CDG Global Limited, a firm registered in St. Vincent and the Grenadines. If you take a peek at the Financial Services Authority database, it shows that such a firm does exist. This may be odd at first.
The FSA does not license FX brokers nor does it oversee the activities of international business companies engaged in such activities. The organization alerts us of this as soon as its site opens. The most recent thorough warning about the absence of regulation for brokers was made known by the FSA on 3 February 2022. Be aware of this.
CDG Global Trading Platform Overview
Let’s discuss the broker’s trading platform as well as the conditions. CDG Global promotes leverage as high as 1:1000, and even though such levels aren’t unconventional among offshore brokers, they are excessively risky for retail traders.
Unreasonable leverage could result in big losses. Notably, the best regulators have limited the levels available to retail traders to below 1:100.
What about the spreads? You can test their MetaTrader4 in demo mode and see the spread for the EUR/USD pair set at 3 pips, which is overly high. Most legitimate FX brokers supply levels lower than 1.5 pips for such a pair.
CDG Global Account Types
Account types are the most significant things that forex traders should evaluate before opening an account with any FX broker.
This broker has 5 account types and the minimum deposit amount is set to $50. Due to the fact that they are a fraud site, they are willing to accept any extra cash that you send them.
Down below, there’s a list of trading accounts this broker supports. Let’s take a look at those accounts:
- ECN Gold
- ECN Platinum
- ECN Diamond
Funding Options Available
In regards to the payment options, you can see a couple of them on their website. These options go from Skrill, PayTrust, Bitcoin, Neteller, and so forth. However, was anyone able to withdraw from this broker? Not really.
Please do some research before you decide to open an account with any broker. Even well-trained, skilled investors who use the services of reputable brokers do this.
A misleading website posing as a reputable broker can fool many novice traders. Scammers will tempt you with an assortment of bogus promises of easy profits. Do not trade with non-regulated brokers, and stay far from easy earnings.
It is common for these fraudsters to promise profits for a relatively small sum of money. They will urge you to invest even more money. Even so, your funds will be wiped out once you make a deposit. You won’t be able to see a single dollar from these sworn profits.
In this case, reaching the minimum amount will be impossible. In order to conceal their identities, scammers use phony addresses and names. So you won’t be able to trace or hold them liable.
The Fraudulent Techniques
Fake forex brokers have many questionable patterns. You will see noticeable withdrawal issues and negative reviews. Similarly, you will come across extremely high fees. Beware that these massive fees, again and again, extend beyond 20%.
Thus, they will combine some sort of profit or fee. Fake websites will attempt to defraud you before allowing you to withdraw money. Mostly, they will never let you withdraw anything. There is no doubt that this is always the case!
In addition, they always promise gains. This is another recognizable fraud scheme that you should keep in mind. These fraudsters promise guaranteed profits. Trading with leveraged instruments carries risks. Never look over this!
Scam brokers will keep telling you that profits are guaranteed. Trade with reliable and regulated brokerage firms. Licensed brokers come from the EU, the United States, the UK, and Australia. These companies need to publish a warning about the percentage of customers who lose money on their websites.
CDG Global Summary
We wrote this CDG Global review to save future traders from losing their well-deserved funds. Aside from having a fake address, this broker has bizarre high leverage.
It’s best to check all the firms before you perform any transaction. We do expect that this CDG Global review has been worthwhile after all.
FAQs About CDG Global Broker
Is CDG Global a Safe Place for My Money?
CDG Global broker is not safe for your money at all. You should try to stay away from it!
Can I Open A Demo Account with CDG Global?
You can try out the demo mode for MT4. However, you should not waste your time with this broker.
What Accounts does CDG Global Offer?
This broker offers Standard, Islamic, ECN Gold, ECN Platinum, and ECN Diamond trading account.