Rating Index
Pros
High leverage options available, up to 1:500 for Islamic accounts.
Commission-free trading with competitive spreads starting at 1.5 pips.
Access to the advanced MetaTrader 5 platform, which offers additional features over its predecessor.
Cons
High minimum deposit requirement of $5,000, which may be prohibitive for many traders.
Limited asset portfolio with only 24 currency pairs and a few precious metals available for trading.
Lack of regulatory oversight raises concerns about the safety of traders' funds and overall trustworthiness.
CDFX broker Accounts
CDFX Account Type
CDFX offers two main types of accounts for traders: Standard Accounts and Islamic Accounts.
- Standard Account:
- Minimum Deposit: $5,000
- Leverage: Up to 1:300
- Spread: Starts from 1.5 pips
- Commission: None
- Islamic Account:
- Minimum Deposit: $5,000
- Leverage: Up to 1:500
- Spread: Starts from 1.5 pips
- Commission: None
- Note: Proof of Islamic religion is required to open this account type.
- Visit the CDFX Website: Go to the official CDFX website.
- Choose Account Type: Select either the Standard Account or the Islamic Account based on your trading needs.
- Complete Registration: Fill out the registration form with your personal information. Be prepared to provide proof of identity and, for Islamic Accounts, proof of Islamic religion.
- Make Minimum Deposit: Deposit a minimum of $5,000 to activate your account. Note that the website does not provide specific information regarding deposit methods or associated costs.
- Start Trading: Once your account is funded, you can begin trading using the MetaTrader 5 platform.
Both accounts support the trading of micro-lots, and there are no limits on the maximum trade size or the number of open positions.
CDFX Broker Account Opening Process
To open an account with CDFX, follow these steps:
For more details, you can visit the CDFX website: CDFX Review
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