Thinking of getting into business with Cryptocfd? Here is what you must know about this broker. Carefully read this review to find out if cryptocdf.com is the trading platform you will want to trade with.
Table of Contents
About Cryptocfd
Cryptocfd is an offshore brokerage company with a lot of promises for traders. The address of the broker shows California, USA.
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Added, it trades on the following instruments like forex, stocks, commodities, crypto, bonds and indices.
To clarify, regardless of the trading instruments Cryptocfd claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
cryptocdf.com: Reasons to Avoid This Broker
Firstly, cryptocdf.com is a platform with no financial authority overseeing its financial services. We discover this broker is not worth your money as US Financial Authorities — the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) have not approved the broker on their data base. Nothing is known about the broker.
Secondly, we noticed cryptocdf.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Cryptocfd leaves us with no specific information on processing days nor withdrawal fees. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
Cryptocfd minimum deposit is not available.
As for the payment methods, the broker accepts only cryptocurrencies. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
Cryptocfd Platform
Cryptocfd offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.
As for the leverage, the broker discusses nothing for traders. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Cryptocfd Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Conclusion: Is cryptocdf.com a Reliable Broker?
No, cryptocdf.com is not a reliable broker for traders even though it promises offers that look good to be true. The broker is pretty scanty as it leaves traders with little to nothing to know about the platform.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
We owe our readers the duty to fish out scam forex brokers as well as share reasons to avoid fraudulent schemes. Meanwhile, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
We need to stop being fooled by all these brokers and account managers, they scammed me over $70,000 of my investment capital, they kept on requesting for extra funds before a withdrawal request can be accepted and processed, in the end, I lost all my money. All efforts to reach out to their customer support desk had declined; I found it very hard to move on. I was researching and find a broadcast that teaches on how scammed victims can recover their funds, I contacted the email provided for consultation [email protected] and I got their feedback after some hours and I was asked to provide all legal details concerning my investment, I did exactly what they instructed me to do without delay, to my greatest surprise I was able to recover my money back including my profit which my capital generated. I said I will not hold this to myself but share it to the public so that all scammed victims can get their funds back.