CFDglobe Review 2023 – Beware Of This Offshore Scam

The broker’s website does not look amazing, the minimum deposit is too high, and the broker is not regulated. Is there anything good we can say about the CFDglobe broker? Not so sure. However, we did our task, so let’s see what we found.

CFDglobe Regulation and Security

The broker is owned by Ilaros Group Ltd, based in Saint Vincent and the Grenadines and operated by the same company with an entity in Estonia. When you have an offshore broker laundering money through Estonian banks, it’s pretty clear that it’s a scam. Therefore, there is no regulation and no security of your funds or personal data. 

Now you know why not start an account with a CFDGgobe broker.

Warnings From Financial Regulators

Since the broker is running a scheme, we’ve checked what regulatory bodies think of it. The Italian CONSOB and the Spanish CNMV issued warnings against CFDglobe, blacklisting it as a scam broker.

The official confirmation is here, CFDglobe is not legit and not a good broker.

Can I make money with CFDglobe?

Can you make money with any broker? Yes. If you do have enough knowledge about the financial market, why not?

Can you withdraw money from any broker? No. If the broker is offshore, unregulated, and blacklisted as a scam, for sure, you cannot withdraw this money.

The minimum deposit with CFDglobe broker is 5,000 EUR which is entirely ridiculous. Other brokers, regulated by FCA, ASIC, CySEC, or any other regulatory body, offer you to start with as low as $10. Also, the broker is providing leverage of up to 1:100, which no regulatory body allows due to high risk.

And the last thing we’ll say, the broker is using Sirix web trader. As we’re sure you’ve understood so far, web traders are unreliable because the broker has access to the “back side” of it. This means that it can change market prices, trading amount, and even the outcome of your trade.

Be aware of this when trading with CFDglobe.

Scammed by CFDglobe?

If you are scammed by CFDglobe, unfortunately, you are not the only one. There are many victims of CFDglobe broker, and we have the experience of how to deal with it. You need to file a dispute and request a chargeback.

But what is a chargeback? Simply speaking, it’s returning the stolen funds to your debit or credit card. To start the procedure, contact us via chat immediately and book your FREE consultations!