|Bonds, Commodities, Cryptocurrencies, Forex, Indices, Shares, ETFs|
CFD GLOBAL TRADING OVERVIEW
Established recently in 2016, CFD Global is a relatively new broker in the online trading industry. Despite its young age, the brand has been making headway in the competitive industry. In 2018, CFD Global was nominated as the Fastest Growing Provider by Forex Awards. This was indeed a major achievement for such a young brokerage firm operating in the cutthroat CFDs trading industry.
CFD Global strives to ensure that its clients have all the trading resources they need to further their trading objectives. It does this by operating a strict security system to protect its clients’ personal information as well as to prevent the server from being hacked. As for measures which present traders with an optimal trading environment, CFD Global offers over 2000+ instruments for its traders to choose from. Another major objective for CFD Global is to provide its traders with price transparency and a competitive trading condition.
BROKER LOCATIONS & CFD GLOBAL REGULATION
CFD Global is a brand that is owned by Key Way Investments Ltd, a Cypriot Investment Firm (CIF). The company head office is located at #2 Sofouli Street, Chanteclair Building, 6th Floor, Office 602, Nicosia, Cyprus. In Cyprus, the broker is regulated by the Cyprus Securities and Exchange Commission under the license number 292/16.
In addition to being regulated by Cyprus, CFD Global is also subject to other major regulatory bodies, such as the UK’s Financial Conduct Authority (FCA), the KNF (the Polish Financial Oversight Commission), BAFIN (the Federal Financial Supervisory Authority), and CNMV (the National Securities Market Commission). It should be noted that all the above-mentioned bodies follow the same regulatory framework as laid out under the MiFID.
Specific areas which the MiFID seeks to address are transparency and the protection of investors’ interests. Brokers under the MiFID regulatory framework are required to regularly submit audited reports concerning their operations, and to hold at least €730,000 in capital. Traders’ funds must also be kept in segregated accounts that are separate from the broker’s operational funds.
Brokers such as CFD Global, which are regulated under the FCA and CySEC, provide additional protection to their clients. This is because they have recourse to compensation fund schemes should the broker ever become insolvent.
CFD GLOBAL FINANCIAL INSTRUMENTS
CFD Global offers 7 different types of asset classes for its clients to trade with. They consist of bonds, currency pairs, commodities, cryptocurrencies, ETFs, indices, and stocks.
The stock CFDs listed above are just some of the popular stocks traded on the CFD Global’s trading platform. The broker covers all shares of major firms that are listed on major exchanges, which include the NYSE, the London Stock Exchange, and NASDAQ. Even though CFD Global is a relatively new broker, it has been able to offer its traders a decent range of trading assets to choose from.
CFD GLOBAL SPREADS, LEVERAGE, & ACCOUNT CONDITIONS
The spreads offered by CFD Global are fixed and variable, depending on the type of trading platform utilized by the trader. Fixed spreads are only available for some of the assets traded on the CFD Global’s WebTrader platform. For fixed spreads, the minimum spread which traders can expect from CFD Global on the benchmark EUR/USD currency pair is 2 pips.
Due to CySEC regulatory restrictions, the maximum leverage ratio which retail traders can have access to is 1:30. As for assets that are traded on the MetaTrader 5 trading platform, the available spreads are all variable. For trades executed on the MetaTrader 5 trading platform, the variable spreads start from a minimum of 3 pips for the benchmark EUR/USD.
At CFD Global, you have a choice of 3 types of trading accounts: CFD Global Essential, CFD Global Original, and CFD Global Signature. While the minimum deposit requirement to open a live trading account is just $100 at CFD Global, the broker recommends that you deposit a minimum of $1000 for the starter account, which is the CFD Global Essential. For the CFD Global Original and CFD Global Signature, the recommended deposit levels are $5000 and $25,000 respectively.
With the CFD Global Essential account, traders will enjoy the following benefits:
- 3rd-party daily market recommendations
- Access to a demo account
- Free daily market reviews
- Free research
- Limited access to the video library
- Twice-a-week consultation with a dedicated account representative
For the CFD Global Original account, the benefits include the following:
- All the benefits of the CFD Global Essential account
- More attractive trading conditions
- Open access to research
- Thrice-a-week consultation with a dedicated account representative
As for the premium CFD Global Signature account, traders will get additional benefits such as Trading Central access, SMS notification from Trading Central, and personal consultation with a dedicated representative, on top of all the benefits of the CFD Global Original account.
By signing up for a live trading account at CFD Global, the account holders will get to trade different asset classes such as currency pairs, bonds, commodities, cryptos, exchange-traded funds, market indices, and equities. In total, there are in excess of 2000 different types of instruments to choose from.
CFD GLOBAL BONUS
As a regulated entity of CySEC, CFD Global does not offer any kind of deposit bonuses or promotional offers.
CFD GLOBAL PLATFORM
There are 2 different types of trading platforms for traders at CFD Global to choose from. They consist of the CFD Global WebTrader and the MetaTrader 5 platform. With the WebTrader, there is no requirement for any software download and installation. Access is via any web browser. The WebTrader comes with a user-friendly navigation interface. It also has an advanced charting package, plus numerous analytical and risk-management tools built into the platform.
The MetaTrader 5 (MT5) trading platform is another powerful platform provided by CFD Global to its traders. The MT5, unlike the WebTrader, requires you to download and install a desktop client onto your computer. Built on the success of the MT4, the MT5 was developed to fill in the gaps that the MT4 wasn’t able to cover. The MT4 platform was initially meant for spot forex trading, as opposed to CFD trading. With the MT5, more chart time frames are supported. The MT5 also comes with additional technical indicators and market depth view.
CFD GLOBAL MOBILE APPS
For traders who need to be mobile, CFD Global has also made available mobile apps for both versions of the above-mentioned trading platforms. The mobile apps are provided free of charge and can be downloaded from the Google Play Store and Apple App Store.
CFD GLOBAL CUSTOMER SERVICE DEPARTMENT
Live customer support is available from Monday to Friday, from 6:00 AM GMT to 01:00 AM GMT. Traders at CFD Global can reach out to the support team through email, live chat, web contact form, and telephone. For telephone support, CFD Global has provided 3 numbers for traders to call. For the benefit of their clients, the broker has made its website available in 8 different languages.
CFD GLOBAL EDUCATION & MARKET INFORMATION
For beginner traders, access to educational resources is extremely important if they want to progress in their trading activities. To fill this gap, CFD Global has provided a fairly in-depth array of training videos for its traders to refer to. At the same time, they are kept updated with all the developments in the market through the daily news feeds.
CFD GLOBAL REVIEW VERDICT
- CySEC-regulated broker
- Minimum deposit requirement of $100
- Extensive coverage of the stock markets
- Fixed and variable spreads available
- Intuitive and reliable trading platforms
- No deposit bonuses available
- Spreads are not competitive
Is CFD Global a scam?
No, CFD Global is a legitimate broker that is regulated by CySEC.
How does CFD Global protect your trading capital?
Under CySEC regulations, CFD Global needs to provide segregated accounts for its operation funds and its traders’ deposits. In addition, the traders’ funds are covered under the Investor Compensation Scheme.
Does CFD Global provide an ECN account?
No, there is no provision for ECN trading at CFD Global.