Imperial CFD (imperialcfd.com) is a forex broker that is located in the St Vincent and the Grenadines and is allegedly owned by Maximus Global Markets LLC . It claims to be licensed by the Financial Services Authority in UK. In the review below, we take an in-depth look at the features hubtrader.com allegedly offers. The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about ImperialCFD.
Table of Contents
ImperialCFD Trading Platform
ImperialCFD.com claims to be a leading brokerage in online financial trading established in 2011 and today is one of the largest brands in the global online trading industry, continuing to develop dynamically.
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The website looks professional, and well-designed. At first glance we discover that this broker support the MT5 trading platform. They offer assets such as Forex (with leverages up to 1:1000) CFDs, Indices, Stocks, and Precious metals.
ImperialCFD Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has three account types
Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
This broker claims to support Visa and Mastercard as payment options.
This broker claims to have zero withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is ImperialCFD Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
ImperialCFD claims to be owned and operated by Maximus Global Markets LLC and is licensed by the Financial Services Authority in the UK.
Asides in the SVG. St Vincent and the Grenadines is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body.
For due diligence we used the information this broker provided to check their licensing status. So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
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Accounts
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
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Minimum Trade Deposit $100
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with ImperialCFD.com as they don’t give any information concerning if they are a regulated broker.
ImperialCFD.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.