Note: CFDS100 official site - http://www.cfds100.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is CFDS100？
CFDS100, an online trading platform, is based in the UK but runs offshore in Estonia. Offering a diverse range of market instruments such as Forex, Cryptocurrencies, CFD, Stocks, Commodities, and Market Indices, CFDS100 presents traders with varied options. However, concerns arise due to its non-regulatory status, casting doubt on compliance and trustworthiness. The inaccessibility of the platform's website further adds to these apprehensions.
This article conducts a meticulous assessment of CFDS100's services, urging potential users to delve deeper for a comprehensive understanding. The review culminates with a concise summary, spotlighting key platform features for quick reference.
Pros & Cons
Pros:
Diverse Range of Market Instruments: CFDS100 provides a wide array of market instruments, offering traders opportunities to diversify their portfolios and explore various financial markets.
MT4 Trading Platform: The inclusion of the MetaTrader 4 (MT4) platform is a notable advantage, as it is widely recognized for its user-friendly interface and robust features, enhancing the overall trading experience.
Cons:
Unregulated: CFDS100's lack of regulatory oversight raises concerns about the platform's adherence to industry standards, potentially exposing users to heightened risks such as fraud or malpractices.
Website Inaccessible: The current inaccessibility of the platform's website hampers users from conducting essential research and transactions, impacting overall usability and transparency.
Lack of Transparency: The absence of clear information about the platform's operations contributes to a lack of transparency, leaving users in the dark about crucial details and potentially impacting trust.
Offshore Operated: Operating offshore can present challenges in terms of legal protection and regulatory accountability, requiring users to approach the platform with caution.
Service/maintenance/withdrawal fees applied: CFDS100 imposes service, maintenance, and withdrawal fees, adding trading costs and posing financial challenges for traders.
Is CFDS100 Safe or Scam？
When considering the safety of a brokerage like CFDS100 or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: At present, the broker operates without verifiable regulatory oversight, raising questions about its legitimacy and reliability. The unavailability of the broker's website further amplifies these concerns, intensifying apprehensions regarding transparency and user accessibility.
User feedback: To get a deeper understanding of the brokerage, it is suggested that traders explore reviews and feedbacks from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms.
Security measures: Currently, there is no publicly available information regarding the security measures implemented by this broker.
In the end, the choice to trade with CFDS100 is a personal one, requiring a thorough assessment of the advantages and disadvantages before making a final decision.
Market Instruments
CFDS100 boasts a diverse selection of market instruments, providing traders with a comprehensive range of options.
In the realm of Forex, users can engage in currency trading, leveraging the dynamic fluctuations in exchange rates for potential profits.
The inclusion of Cryptocurrencies opens up opportunities to trade digital assets like Bitcoin and Ethereum.
CFDs, or Contracts for Difference, allow for speculation on the price movements of various assets without ownership.
Stocks offer participation in the equity markets, while Commodities provide exposure to physical goods like gold and oil.
Market Indices enable tracking and investing in the performance of broader financial markets.
This extensive array empowers traders to craft diversified portfolios suited to their individual preferences and risk tolerance.
Accounts
CFDS100's standard account requires a minimum deposit of $250. This account type caters to a broad spectrum of traders, from beginners looking to start with a modest investment to more seasoned investors seeking a platform with a lower financial barrier. The $250 minimum deposit strikes a balance, allowing users to engage in various market instruments while keeping initial investment commitments manageable. This inclusive approach enables a diverse range of traders to participate, fostering accessibility and flexibility within the CFDS100 platform.
Leverage
CFDS100 offers an enticing leverage of up to 1:500, providing traders with the potential for amplified profits. However, it is crucial for users to approach such high leverage with caution. While increased leverage enhances trading potential, it also escalates the level of risk significantly. Traders should be mindful of the potential for substantial losses and exercise prudent risk management strategies. Prioritizing a thorough understanding of leverage and its implications, aligning it with individual risk tolerance, and avoiding excessive exposure are essential precautions to ensure a balanced and responsible trading experience. Always tread carefully when navigating the opportunities and risks associated with high leverage.
Spreads & Commissions
CFDS100 features a spread starting from a relatively higher value of 3.0 pips. Unfortunately, detailed information on commissions is not readily available. Interested traders are advised to directly contact the broker to obtain precise details on commission structures, ensuring a clear understanding of the cost implications associated with their trading activities. This personalized interaction enables users to gather comprehensive information tailored to their specific needs and facilitates transparency in assessing the overall cost structure. It is advisable for potential traders to engage proactively with the broker to make informed decisions aligned with their financial goals.
Trading Platform
CFDS100 enhances the trading experience by providing the widely acclaimed MetaTrader 4 (MT4) platform. Recognized for its user-friendly interface and powerful features, MT4 offers traders advanced charting tools, technical analysis capabilities, and automated trading options. The platform's stability and reliability make it a preferred choice for both novice and experienced traders alike.
Deposits & Withdrawals
CFDS100 facilitates diverse payment methods, including VISA, MasterCard, AstroPay, VoguePay, bank wire, and even Bitcoins, offering users flexibility in funding their trading accounts.
Notably, CFDS100 entices traders with a generous trading bonus of up to 100% of the deposit. Yet, withdrawing the bonus and associated profits proves challenging due to stringent minimum trade volume requirements, exemplifying the importance of understanding the intricacies of fees and bonuses before engaging with the platform.
Fees
The broker imposes unconventional fees, such as a 3.5% service fee (minimum 30 USD) on withdrawals, coupled with a profit clearance fee and a 20 USD monthly maintenance fee.
Customer Service
CFDS100 prioritizes customer support through various channels, encompassing email, phone, and a physical address. Traders have the flexibility to utilize email for detailed queries, seek real-time guidance via phone assistance, or opt for a traditional approach by reaching out to the company at its physical address.
Email: support@cfds100.com.
Phone: +442038074325, +43720775913, +441432817360.
Address: 4 Parda Street, Downtown District, Harju County, Tallinn, 10151, Estonia.
Conclusion
In conclusion, CFDS100 offers a diverse range of trading instruments and a comprehensive customer support system. However, the unregulated status and inaccessible website which expose traders to potential risks of malpractices. Traders are advised to carefully consider these factors, reach out to the broker for detailed information, and exercise caution when navigating fees and bonus offerings.
Prudent risk management and thorough understanding of the platform's terms are crucial for a secure and informed trading experience. Exploring alternative platforms with regulatory compliance and transparency may also be beneficial for those seeking a reliable and user-friendly trading environment.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
