Review of the CFD Contract broker: honest partner or scam?
The CFD Contract company has been the subject of harsh criticism from disappointed clients who have repeatedly left negative reviews. Despite claiming 15 years of experience and holding a British license, many traders face problems when dealing with this broker.
Information about the CFD Contract company
According to the official version, the CFD Contract company was founded in 2006, but in fact, the shop was only opened in April 2021. This is confirmed by the age of the cfdcontract.com domain and the limited number of reviews.
In addition, the cost of the resource was evaluated by a specialized service at only 0 rubles, casting doubt on the reliability of the platform.
Information about the registration of the CFD CONTRACT LTD holding in England and Wales is confirmed by a certificate of incorporation with number 13254349. However, this company was registered only in 2021, which contradicts the claimed 15-year experience and having 80,000 clients.
Doubtful practices
The main area of activity of CFD CONTRACT LTD is financial management, which implies the absence of the right to dispose of investors’ money. In addition, the company’s registered address does not match the one indicated on the “CFD Contract” website.
The lack of a license for the CFD Contract broker is confirmed by the absence of certificates from the UK Financial Conduct Authority. Similarly, the broker does not have permission from the Central Bank of the Russian Federation to provide services in Russia.
Commercial offers
There is no information on the minimum deposit and tariff plans on the CFD Contract website, but the broker holds a draw of a Tesla Model S 100D supercar for clients. Investments are offered in the shares of major companies such as Netflix, Microsoft, Disney.
Despite claims of valuable advice from analysts and a multi-level protection system, negative customer reviews cast a shadow on these promises.
Customer reviews
Clients who have left reviews about the CFD Contract broker express disappointment with the services provided. Many traders emphasize the company’s dishonest practices and the lack of a real license.
Deception methods
Brokers like CFD Contract use proven deception schemes to attract clients. Victims are usually found on forums where easy profits are offered. The terminal is controlled by the broker, and initial successes may turn out to be manipulation. When requesting a withdrawal of funds, the broker may block the account and demand additional payments.
It is important to be vigilant when working with the CFD Contract broker and carefully study all the terms of cooperation to avoid financial losses.
After dealing with Kitchen CFD Contract company, I can confidently say it was a particularly disappointing experience. Everything from their lack of transparency to their vagueness in communication echoed unprofessional behaviour. Not only did I experience unexpected hidden charges, but they also did not provide a clear explanation when questioned about said discrepancies. The service was highly subpar and the so-called broker lacked the proactive and conscientious communication I expected. It seemed more like they were interested in their profits rather than the financial welfare of their client. There seemed to be an absence of honesty and sincerity, values that should define any good broker. I’d strongly advise prospective clients to think twice before engaging them for their services.