CFDGlobe is yet another offshore broker on the list. Far from saying that offshore brokers cannot be legit or trustworthy, you need to do your research correctly. You need to know whether this specific company can save your money, or you will be scammed.
Read our CFDGlobe review and find out everything about the brokerage.
|Broker status:||Unregulated Offshore Broker|
|Regulated by:||No regulation (Illegal Broker)|
|Blacklisted as a Scam by:||CNMV, CONSOB and FSMA Regulators|
|Broker Owner:||Ilaros Group Ltd|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Minimum Deposit:||5000 EUR|
|Types of Assets:||Forex (FX), CFDs, Commodities, Indices, Shares, Cryptocurrencies (Cryptos)|
|Free Demo Account:||No|
|Accepts US clients:||No|
CFDGlobe Regulation and Security
A primary question you should ask when it comes to trading companies – is CFDGlobe regulated? Well, the broker is owned by Ilaros Group Ltd and allegedly based in Saint Vincent and the Grenadines. However, our search didn’t show any results on the company owner, making us suspect that this company is genuine.
What’s Wrong With CFDGlobe Regulation?
If the company is not real, and the headquarters is suspicious, then CFDGlobe regulation is not in sight. We’ve checked the FSA SVG register just in case.
As suspected, we didn’t find Ilaros Group Ltd nor CFDGlobe, which means that CFDGlobe does not belong to any regulatory jurisdiction and is operating illegally as well as Raffles Market, Brokereo and TrustFX brokers.
Scam Warnings From Financial Regulators
The broker was firstly blacklisted by the Spanish CNMV. Afterward, the same steps followed the Italian CONSOB and Belgium FSMA. All the regulators stated that the broker is not legit and has no permission to provide financial services in mentioned countries. Of course, after you see such a warning, you understand clearly how far this cyber fraud has come and how many complaints against the broker must have been filed.
What Are Trading Platforms Available?
Like many unregulated offshore brokers, this one offers clients similar trading conditions. The CFDGlobe trading platform is a web trader followed by too high leverage. As per the website, all the clients that deposited over 50,000 EUR are entitled to get significant leverage, while regular clients have up to 1:100.
Also, clients with higher accounts are entitled to a lucrative spread, meaning that regular clients will be charged too high to compensate. This doesn’t look like CFDGlobe is encouraging clients to join, more like it’s forcing them to jump too high.
Do not fall for CFDGlobe cyber fraud!
What Can You Trade With a CFDGlobe Broker?
There are over 200 trading instruments available, including currency pairs, commodities, indices, shares, and cryptocurrencies. However, due to the lack of a Demo account, we couldn’t verify the exact number of assets. As aforementioned, trading conditions with this broker are far from impressive.
What we were able to see, CFDGlobe’s minimum deposit for a Silver account is 5,000 EUR. Why would anyone deposit such a high amount of money with an unregulated broker? Moreover, why would anyone deposit such an amount to get nothing in return? The clients with a Silver account are not offered any of the features and options this broker provides, including an account manager.
Scammed by CFDGlobe broker? What to Do?
If you are in the situation of being scammed by CFDGlobe, there is a possibility of getting your funds back. There is a procedure to follow and request a chargeback. Since you are not the only victim of the CFDGlobal scam, many others have been in the same position. And they got help.
In order to book free consultations with experts in the related field, contact our support via chat!
Don’t Let the Scammers Go Away for Free!
What is CFDGlobe?
CFDGlobe is an unregulated and unlicensed online trading platform.
Is CFDGlobe a legit online broker?
CFDGlobe is not regulated and not a legit broker.
Who is the owner of CFDGlobe broker?
Ilaros Group Ltd is an alleged owner of CFDGlobe.
Are My Funds Safe with CFDGlobe?
Since the broker is unregulated and offshore, your funds are not safe with CFDGlobe.