Founded in 2016, CFD Global is one of the many online trading platforms that have sprouted up on the internet. The platform is owned by Key Way Investment Ltd, a Cypriot Investment Firm (CIF) based in Nicosia, Cyprus. What sets CFD Global apart from other CFDs broker in the industry is the fact that despite its relatively young age, it has already earned a reputation as one of the fastest-growing brokers in the CFD trading industry.
The broker has always endeavored to meet the trading needs of all its clients by providing them will all the necessary tools and a secured trading environment for them to trade in. CFD Global has achieved this by ensuring that its servers are well protected from any unauthorized intrusions. The broker also operates a transparency policy with regard to its operations and pricing.
As a financial services provider based in Cyprus, CFD Global comes under the jurisdiction of the Cyprus Securities & Exchange Commission (CySEC). In recent years, CySEC has become one of the leading financial regulators in Europe, as it proceeds to harmonize its regulatory framework to comply with the requirements of the MiFID. This means that any CySEC-regulated entity is now in compliance with the MiFID and permitted to “passport” its CySEC authorization to any member state of the European Economic Area (EEA).
Operating under the CIF license number 292/16 issued to the holding company Key Way Investments Limited, CFD Global is able to offer additional protection to its clients with the broker’s membership to the Investor Compensation Scheme (ICF). Under this scheme, traders at CFD Global can file a claim for compensation up to a maximum amount of €20,000 in the event the broker is rendered unable to fulfill its contractual obligations.
The CySEC authorization issued to CFD Global also means that the broker is required to comply with strict regulatory requirements, such as having sufficient liquidity at all times. Clients’ funds are required to be deposited in segregated bank accounts, which are separate from the broker’s operational funds.
CFD Global Platforms
CFD Global offers a choice of 2 trading platforms: the CFD Global WebTrader and the MetaTrader 5 trading platform. The CFD Global WebTrader, being a web-based platform, doesn’t require any software installation or download. The platform can be accessed from any updated web browsers. It features an intuitive trading interface, a comprehensive charting package, integrated risk management tools, technical indicators, and access to Trading Central.
The MetaTrader 5 platform was developed by MetaQuotes Software and is meant for CFD trading. It comes with more than 2 dozen types of technical indicators, support for 9 timeframes, market depth view, a watch list, and a user-friendly interface. To support traders who wish to trade the markets from their smartphone, CFD Global also provides mobile apps for both the WebTrader and MT5 platforms.
Trading accounts at CFD Global are categorized into 3 types, these being CFD Global Essential, CFD Global Original, and CFD Global Signature. The CFD Global Essential is targeted towards beginner traders and can be opened with just a minimum deposit of $100. Nevertheless, the broker recommends a deposit of at least $1000 for more realistic trades. For the CFD Global Original trading account, the recommended deposit level is $5000. For traders looking for premium services, CFD Global has provided them with the CFD Global Signature account. The minimum deposit requirement for this account is $25,000.
Trading accounts come with the following basic features:
- Consultation with a dedicated account representative
- Daily market recommendations
- Demo account facilities
- Free daily market reviews
- Free research
- Video library
There are some minor differences for the higher-status accounts, such as better trading conditions and access to Trading Central. As for the leverage ratio offered by CFD Global, the maximum leverage ratio is restricted to 1:30 for retail traders.
CFD Global Bonus
Due to the restrictions imposed on CYSEC-regulated brokers, CFD Global does not offer any kind of bonuses or promotional offers.
For the convenience of traders, CFD Global supports several payment methods. These include VISA, MasterCard, Skrill, Safecharge, UniCredit Romania, Unicredit Bank Czech Republic and Slovakia, Deutsche Handelsbank, Astro Bank Limited Cyprus, Trustly, Neteller, Maestro, and bank wire transfer. There are no fees for making a deposit, but traders will still be liable for conversion charges and any fees charged by the payment processor.
The CFD Global website is available in 8 different languages to cater to the diverse nature of the broker’s client base. The supported languages are Arabic, Czech, Polish, Bulgarian, German, English, Spanish, and Italian. The support team can be contacted via email, live chat, call back, fax, and phone.