In this section we will analyze the broker CfgTrades (also called cfgtrades.com), is a Forex and CFD broker. Is CfgTrades really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we review CfgTrades. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Inter Media Ltd.
As to its location, the broker mentions being based in: Saint Vincent and the Grenadines.
If we analyze the regulation of the broker: they do not mention being regulated. We believe that CfgTrades is an unregulated broker.
If now we go on to analyze account types offered by CfgTrades, we noticed that they offer 4 different types of account / plans: the Standard Account, the Standard Account (2), the Gold Account and the Premium Account. We leave an image with a little information about each type of account.
Standard Account- Minimum initial deposit of $ 250.
Standard Account (2): Minimum initial deposit of $ 2.500, live chat, access to all the functions of the financial platform.
Gold Account: minimum initial deposit of $ 20.000, live chat, access to all functions of the financial platform, more information on autochartist, SMS signals, VIP manager and individual hotline.
Premium account: minimum initial deposit of $ 50.000, live chat, access to all the functions of the financial platform, more information on autochartist, SMS signals, VIP manager and individual hotline, one-to-one special promotions, personal reports on the market of values.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that CfgTrades offers are: CfgTrades platform.
We will now analyze the different resources and aids for the trader that CfgTrades provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
CfgTrades provides the following aids or resources to traders or interested parties: some live charts, some news about financial events (albeit in English), really not much more than this.
| Other information about CfgTrades |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number+ 44 203 7695067
Email: [email protected] and cfgtrades.com (Skype)
>>> Assessment on CfgTrades <<
Ending with this section, in our opinion Do we believe that the CfgTrades company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is based in unsafe countries, when looking for reviews about CfgTrades we really did not find any other reviews, which makes us think that it is a broker without a track record. We suggest using caution. The CNMV (Spanish financial regulator) has added CfgTrades to its black list of unauthorized brokers.
Medical Attention: in September 2020 CONSOB added to CfgTrades to your list of fraudulent financial companies, for acting without authorization.
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.