Brokers who are open about their intentions and do not hide trading and investing details deserve trust. If a platform only offers promises without specifics, it is worth considering the honesty of such a intermediary. Today we will look at CFDTRADE, which has no reviews on the internet, where information about the company and its commercial offers is only available on the official website. Let’s find out what facts have been unearthed about this broker and whether it can be trusted with your finances.
Main broker information
Although the cfd-trade.uk website has an “About Us” section, it is absolutely useless, providing no information about achievements over the years, awards list, or company leadership information. Not even the founding date of the company is specified.
We used the whois service to find out the official status of the broker. It turns out that cfd-trade.uk was registered on April 2, 2024. The absence of reviews about this broker on Russian and foreign forums allows scammers to freely promote their services and deceive newcomers.
Contacting CFDTRADE support is practically impossible, as only an email for communication is provided, and phone support is absent. It is evident that the creators of the scam project will only react to requests convenient to them, such as questions about depositing funds or registration.
Legal aspects check
CFDTRADE provides internal documents for review, such as Privacy Policy and User Agreement. However, upon closer inspection, it becomes clear that the rules are exclusively made in the interests of the project creators. The company does not even disclose its legal address. Considering the use of the .uk domain, it is likely targeting an audience from the UK and other European countries.
We searched the base of licensed companies from the local regulator FCA and the designated auditor’s list of companies with no findings.
Furthermore, CFDTRADE is absent from the registries of all countries worldwide, indicating its virtual existence and the ability to disappear at any moment along with clients’ money.
Trading opportunities
CFDTRADE assures that everyone can discover their trading potential and start earning on financial markets. However, detailed rate information is not available on the website, including minimum deposit and the existence of a demo account. The terminal is only accessible to registered users.
As part of the investigation, we found out the following:
- modern trading software is used,
- instruments include cryptocurrencies, commodities, and stocks, alongside basic Forex currencies,
- strict security measures are in place, including compliance with standards and encryption,
- there is a mobile trading application,
- round-the-clock tech support is available.
No reviews of earning potential with CFDTRADE were found, and the platform does not disclose information about financial discipline. Details on payment methods and commission policy can only be obtained after registration.
Review of feedback
Currently, no reviews about CFDTRADE have been found, which favors the project creators, allowing them to attract new clients without significant obstacles. The appearance of the first genuine client reviews could result in deceiving dozens of users.
Want to share your experience with CFDTRADE? Tell your story and leave your review. There is a unique opportunity to share real facts.
Scammers’ working methods
The main goal of fraudsters is to convince a person to register and deposit funds, even with a minimal amount. After that, they start creating an illusion of activity and gradually lure money from victims’ wallets. Swindlers do not stop at amounts of 100-200 dollars. They push people to not only spend their own funds but also take on debts (using leverage). The longer the user tries to recover lost funds and earn, the deeper they sink into financial troubles.
Conclusions from the review
Based on the expert review, it can be unequivocally stated that CFDTRADE does not offer income-generating opportunities. This company acts solely in its own interests, risking clients’ finances. By dealing with it, you expose your money to danger and lose trust in stable trading.
I am extremely dissatisfied with the CFDTRADE broker’s work as their customer service is unresponsive and their platform is unreliable with continuous technical glitches.
I am highly dissatisfied with the CFDTRADE broker’s work due to a lack of transparency, poor customer service, and issues regarding the withdrawal of funds.