CFDTrade: analysis and recommendations

The company CFDTrade attracts potential clients with its proclaimed transparent trade execution and some of the best conditions on the market. According to their information, the broker has over three years of experience, and during this time, the number of its clients has exceeded 357,000 people. The broker employs more than 500 professionals ready to help at any time. But how much can this company be trusted? It is recommended to carefully review the overview before making a final decision.

Facts analysis

Despite the claimed years of experience, reviews about CFDTrade have surfaced relatively recently. Researching the website whois revealed the reasons for this. It turned out that the domain cfd-trade.pro was registered only at the end of May 2023. This fact indicates possible fraud and a desire to deceive gullible users.

It is also worth mentioning that the company’s contact information is false. For example, the London address provided belongs to other organizations, not CFDTrade. Scammers often hide their identities, but CFDTrade representatives resorted to another trick, using stock photos.

Legal side check

CFDTrade claims to be engaged in legal activities, yet there are no legal documents on their platform to confirm this. The only link found in the footer of the main page leads to a check of the license from FSRS. However, it should be noted that FSRS is a fake regulator with a negative reputation. There is no evidence of their legal competence and assistance to users in resolving financial matters.

Additionally, the company lists an address in London but fails to comply with regulations, ignoring registration and licensing requirements. The organization CFD TRADE LTD, which is listed in the Companies House, actually went bankrupt in 2013 and has no relation to the brokerage service.

Trading conditions

CFDTrade offers access to over 1000 instruments (currencies, cryptocurrencies, stocks, metals) and promises favorable trading conditions. However, there is no opportunity for risk-free practice, and complete information on the financial aspect, including payment methods and commissions, is not provided.

Review of feedback

Reviews about CFDTrade are mostly negative. Clients complain about the company’s dishonest practices and lack of accountability for financial losses. We advise exercising caution and not risking your money with CFDTrade.

Working information

CFDTrade promises professional support to its clients, assigning mentors to beginners. However, according to reviews, these “mentors” lead users to losses by offering dubious deals and avoiding responsibility for the outcomes.

Conclusions

After conducting the analysis, we recommend avoiding collaboration with CFDTrade and refraining from investing money in this company. They are not serious in their commitments and can harm your finances. In case of losses, seek assistance from professionals to increase the chances of fund recovery.