CFD Station: reviews from active traders, expert review of conditions
CFD Station is a trading platform that offers to start active operations today. It is considered that this premium-class brokerage company was founded by professionals over 15 years ago. However, reviews only started appearing in 2021, with users accusing the company of fraud and illegal use of funds. From our review, you will learn how objective these claims are and why some users view CFD Station as a “second-rate kitchen.”
CFD Station Analysis
CFD Station claims that over 15 years of operation, the number of its traders has exceeded 2,800,000 people from 163 countries. Despite this, the cfdstation.com website does not look like a resource of a reputable company; rather, it resembles a template dummy. Checking the domain registration date showed that the project started in December 2020. In a short period of operation, the platform has accumulated many negative reviews and has been blocked by Roskomnadzor.
While they talk about having experienced professionals managing CFD Station, the names of the founders are not disclosed. Such anonymity is most often characteristic of scammers who do not want to be held accountable for clients’ losses. An analysis of the terms of use shows that in any situation, only the project creators win.
Contact information is very scarce. Contacting customer support is only possible via email. The company does not have its own call center, online chat, or social media pages. This indicates a reluctance to engage in an open dialogue with users.
Legal Information
According to statements, the CFD Station brand is operated by the offshore company Finnovative Capital LLC. However, there is almost no information about this company online, and there are no reviews about it. The broker’s website features a copy of the registration certificate in St. Vincent and the Grenadines.
CFD Station does not have a license for brokerage activities. Such licenses are not issued in St. Vincent and the Grenadines, as repeatedly warned by the local regulator. In addition, in Russia, the financial agent has been blacklisted by the Central Bank, which believes that the company exhibits all the signs of fraud.
Trading Opportunities Review
CFD Station fills its review with promises left and right. They promise that the path to financial success will be convenient and fast. Potential clients are attracted by expert support, demo accounts, and instant order execution without slippage. The broker promises access to trading in precious metals, commodities, cryptocurrencies, stock indices, and shares. The platform used is MT5 (for desktops, mobile devices, and browsers). However, judging by the reviews, the terminal is fully controlled by fraudsters.
Regarding trading accounts, CFD Station offers 3 options to choose from. Notable features include:
- entry threshold – from $1,000,
- account currency – USD,
- leverage – up to 500x,
- spreads – from 1 point,
- stop-out – from 50 to 100%.
An Islamic account and MAM account are also provided.
Reviews of CFD Station
The broker CFD Station has already accumulated a lot of negative reviews. Over the course of its activities, the company has tarnished its reputation. Based on the opinions of real clients, cooperation with this company does not bring profits.
CFD Station Fraud Scheme
According to some, this project was founded by experienced fraudsters who know how to persuade their victims. They target novice traders willing to trust promises. They suggest starting with a demo account to get acquainted without risks. Users are given the illusion of successful trading, and they are convinced to switch to a real account. This is followed by draining investments, and the process continues until the funds are completely exhausted.
With high leverage, there is a risk of falling into a debt trap. Exiting it can be difficult, and even withdrawing a small amount may be impossible. They simply close access to the account when the client is no longer of interest to the scammers.
Conclusion
An independent expert review allows us to conclude that CFD Station is likely an offshore scam. The promises of scammers are not worth a penny; the lack of legal support indicates their criminal activity and a desire to deceive trusting users. It is recommended to avoid this platform, as cooperation with it can lead to serious financial losses.
CFD Station provides a platform for trading that both active traders and experts have been known to use, with reviews indicating a satisfaction with the conditions offered.