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CFDIZ foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.trading-dashboard.co/register?ib=3110, about the company's legal and temporary regulatory information, the company's address .

CFDIZ Forex Broker

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
--
Company Name
CFDIZ
Abbreviation
CFDIZ
Company employee
--
Customer Service Email Address
support@cfdiz.com
Contact Number
+44 2080 896 417
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Note: CFDIZs official site - https://www.cfdiz.com/cfdiz is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. CFDIZ Review Summary in 9 Points Founded 2019 Registered Country/Region Saint Vincent and the Grenadines Regulation Not regulated Market Instruments Forex, stocks, commodities, and precious metals Demo Account Unavailable Leverage 1:400 Trading Platform MetaTrader4 Minimum Deposit $1,000 Customer Support Phone: +442080896417; Email: support@cfdiz.com What is CFDIZ? CFDIZ is an offshore broker specializing in Contracts for Difference (CFDs). They offer a wide range of forex currency pairs and CFDs on other assets. Investors can choose from four different account types to potentially suit their trading styles. CFDs are complex instruments that carry a high risk of loss due to leverage. CFDIZ offers leverage up to 1:400, which can magnify both potential profits and potential losses. They utilize the popular MetaTrader 4 platform for trade execution. It's important to be aware of the risks associated with CFD trading and the regulations of offshore brokers before considering CFDIZ. Pros & Cons CFDIZ presents a mixed bag of features for traders. On the positive side, it offers a diverse array of trading instruments, including forex, stocks, commodities, and precious metals, catering to traders with varied interests and investment strategies. Additionally, the support for MetaTrader 4 (MT4) is a significant plus, as MT4 is widely recognized for its advanced charting tools, automated trading capabilities, and user-friendly interface. Pros Cons Wide range of trading instruments Unavailable webiste MT4 offered Not regulated High minimum deposit However, there are notable downsides. The unavailability of their website raises concerns about accessibility and continuous service reliability. Furthermore, CFDIZ is unregulated, which significantly increases the risk as it lacks oversight from financial authorities that ensure transparency and protect trader interests. The minimum deposit requirement of $1,000 might also be prohibitively high for new or casual traders looking to test the platform without committing a substantial amount of capital. These factors combined make CFDIZ a potentially risky choice for traders seeking a stable and secure trading environment. Is CFDIZ Legit? CFDIZ raises several red flags regarding its legitimacy. It lacks any valid regulation, and the government of St. Vincent and the Grenadines (SVG), where CFDIZ is located, has publicly stated they don't regulate Forex trading. This absence of oversight increases the risk of potential misconduct. Furthermore, there have been reports of CFDIZ targeting traders in Spain without proper authorization, according to a warning from the Spanish financial watchdog CNMV. Additionally, some online reviews express concerns about potential commingling of funds, where the broker might mix client and company money. Market Instruments CFDIZ offers a broad selection of tradable instruments. This includes 50 currency pairs, encompassing major pairs like EURUSD and GBPUSD, along with less common minor and exotic pairs like USDSEK and USDRUB. Beyond forex, CFDIZ provides Contracts for Difference on various asset classes, including stocks, commodities, and precious metals. This variety allows investors to potentially build diversified portfolios and capitalize on opportunities across multiple markets. However, it's important to remember the inherent risks associated with CFD trading, especially considering CFDIZ's lack of regulation (as mentioned previously). Account Types Account Type Min. Deposit Classic Account $1,000 Gold Account $10,000 Platinum Account $25,000 VIP Account $100,000 The minimum deposit to open an account varies significantly, potentially limiting accessibility for some investors. A $1,000 minimum applies to Classic accounts, potentially suitable for beginners. However, progressively larger deposits are required for higher tiers: $10,000 for Gold, $25,000 for Platinum, and a substantial $100,000 minimum deposit for VIP accounts. Leverage CFDIZ offers a uniform leverage ratio of 1:400 across all its account types, including Classic, Gold, Platinum, and VIP. While high leverage can amplify potential profits, it can also significantly magnify potential losses. It's crucial to understand the risks involved in leveraged trading before using CFDIZ's high leverage offering. Trading Platform CFDIZ provides the industry-standard MetaTrader 4 platform for trade execution. However, there is a significant drawback: CFDIZ doesn't offer a downloadable version of the platform, preventing potential clients from trying it out with a demo account. This lack of a demo can make it difficult to assess the platform's functionality and suitability for individual trading styles. Additionally, CFDIZ omits crucial information on their website, such as spreads, which are essential for understanding trading costs. Deposits & Withdrawals CFDIZ has tiered account structures: Classic, Gold, Platinum, and VIP. The minimum deposit requirement acts as a significant barrier to entry, increasing substantially between tiers. Starting with a $1,000 minimum deposit, Classic accounts may be suitable for beginners with limited capital. However, for those seeking potentially higher benefits, Gold, Platinum, and VIP accounts require progressively larger deposits of $10,000, $25,000, and a staggering $100,000 minimum deposit respectively. Unfortunately, CFDIZ remains tight-lipped about the specific advantages associated with each upgraded account tier. This lack of transparency makes it difficult to assess the value proposition of higher tiers beyond the potential for exclusive features. When funding your account, CFDIZ offers credit card deposits for a familiar payment method. However, they also accept deposits through As4Bit, a cryptocurrency that has raised regulatory concerns. Customer Service CFDIZ offers customer support via phone and email for inquiries. Phone: +442080896417 Email: support@cfdiz.com Conclusion CFDIZ presents itself as a forex and CFD broker with a variety of account options and a wide range of tradable instruments. However, there are significant drawbacks to consider. First and foremost, CFDIZ lacks regulatory oversight, raising concerns about potential misconduct. Additionally, high minimum deposit requirements and a lack of transparency around account benefits make CFDIZ less accessible and trustworthy. While the MetaTrader 4 platform is a positive, the absence of a demo account and essential information like spreads makes it difficult to assess trading costs and platform suitability. Frequently Asked Questions (FAQs) Question 1: Is CFDIZ regulated? Answer 1: No. It has been verified that this broker currently has no valid regulation. Question 2: Does CFDIZ offer demo accounts? Answer 2: No. Question 3: Does CFDIZ offer the industry leading MT4 & MT5? Answer 3: Yes. CFDIZ offers MT4. Question 4: What is the minimum deposit for CFDIZ? Answer 4: The minimum initial deposit to open an account is $1,000. 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.

Rating Index

CFDIZ Forex Broker - Complete Information Guide

1. Broker Overview

CFDIZ, also known as cfdiz.com, is a forex and CFD broker that has been operating since its establishment. The company is headquartered in Saint Vincent and the Grenadines, a location often associated with offshore financial services. CFDIZ operates as a private entity and is part of Pro Star Griffith Corporate, which adds a layer of corporate structure to its operations.

CFDIZ primarily targets retail clients interested in trading forex and CFDs, providing a platform for both novice and experienced traders. The broker aims to facilitate access to a range of financial markets, allowing clients to speculate on price movements without owning the underlying assets. Over the years, CFDIZ has made strides in expanding its services, although specific milestones in its development are not widely documented.

The business model of CFDIZ revolves around offering retail forex trading and CFD services, providing clients with access to various financial instruments and educational resources to enhance their trading experience.

2. Regulation and Compliance Information

CFDIZ operates without regulation, a significant concern for potential investors. The broker does not provide information regarding any regulatory oversight or licensing, which raises red flags about its operational legitimacy. The absence of a regulatory framework means that clients' funds may not be protected under investor compensation schemes, which are typically available with regulated brokers.

The company's operations are based in Saint Vincent and the Grenadines, a jurisdiction known for its lax regulatory environment. As a result, CFDIZ does not adhere to the stringent compliance measures imposed by major financial authorities. This includes the absence of Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, which are critical for ensuring the integrity of financial transactions.

Due to the lack of regulation, clients should exercise extreme caution when considering investments with CFDIZ. The absence of an investor compensation fund further exacerbates the risks associated with trading with an unregulated broker.

3. Trading Products and Services

CFDIZ offers a diverse range of trading products, primarily focusing on forex currency pairs and CFDs. The broker provides access to a selection of major, minor, and exotic currency pairs, allowing clients to engage in various trading strategies. Additionally, CFDIZ features several CFD categories, including indices, commodities, stocks, and cryptocurrencies.

The availability of unique trading products is limited, and there is no indication of regular updates or the introduction of new instruments. This could hinder traders looking for a dynamic trading environment with a broad array of options. The broker caters primarily to retail clients, but there is little information available regarding any institutional services or white-label solutions.

While CFDIZ provides basic retail trading services, the lack of advanced trading tools or asset management services could limit its appeal to more experienced traders seeking comprehensive trading solutions.

4. Trading Platform and Technology

CFDIZ supports the widely-used MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and extensive trading features. However, there is no mention of support for MetaTrader 5 (MT5), which could be a drawback for traders seeking the latest advancements in trading technology.

The broker's web-based trading platform is designed to facilitate easy access to trading markets, but specific details about its functionality and stability are not extensively documented. Mobile trading applications for iOS and Android devices are also available, allowing traders to manage their accounts on the go.

CFDIZ operates on an execution model that is not clearly defined in the available documentation. This lack of transparency regarding execution methods could lead to uncertainty among traders regarding the order execution process.

The broker claims to provide API access and support for automated trading, but further details on the technical infrastructure and server locations are not disclosed, raising concerns about the reliability and security of the trading environment.

5. Account Types and Trading Conditions

CFDIZ offers several account types tailored to different trading needs. The account options include:

  • Classic Account: Requires a minimum deposit of $1,000, offering daily information and research, video tutorials, and access to both desktop and mobile trading.
  • Gold Account: Requires a minimum deposit of $10,000, with additional features such as competitive spreads, webinars, and seminars.
  • Platinum Account: Requires a minimum deposit of $25,000, providing all previous account features plus a dedicated account manager and SMS news and signals.
  • VIP Account: Requires a minimum deposit of $100,000, offering premium features, including first-rate daily analysis and customer service.

The leverage offered by CFDIZ varies depending on the account type and trading instruments, but specific details on leverage ratios are not readily available. The minimum trade size and overnight fees are also not clearly outlined, leaving potential clients without crucial information for decision-making.

6. Funds Management

CFDIZ supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements vary across account types, with the Classic Account starting at $1,000. The processing time for deposits is not explicitly stated, which could lead to uncertainty for clients.

While the broker does not disclose any deposit fees, clients should inquire directly with customer support for detailed information. Withdrawal methods and limitations are similarly vague, with no clear outline of the withdrawal process or associated fees. Clients may experience delays in processing withdrawals, which is a common issue reported by users of unregulated brokers.

The lack of transparency regarding the withdrawal process and fees is concerning, as it may indicate potential difficulties in accessing funds.

7. Customer Support and Educational Resources

CFDIZ provides customer support through various channels, including phone, email, and online chat. However, the availability of support services and the hours of operation are not specified, which may affect clients' ability to receive timely assistance.

The broker claims to offer multilingual support, but specific languages are not listed, potentially limiting accessibility for non-English speaking clients. Educational resources are available, including webinars, tutorials, and e-books, which can aid traders in enhancing their knowledge and skills.

Market analysis services, such as daily reports and research, are also part of the offerings, but the depth and quality of these resources are not well-documented. Trading tools, including calculators and economic calendars, are provided to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

CFDIZ primarily serves clients in various regions, but the specific markets and regional offices are not clearly defined. The broker does not accept clients from certain countries, including the United States, due to regulatory restrictions.

Special limitations may apply based on local regulations, and potential clients should verify their eligibility to trade with CFDIZ before opening an account. The lack of detailed information on regional coverage and restrictions may hinder potential clients' ability to assess the broker's fit for their trading needs.

In conclusion, while CFDIZ presents a range of trading products and services, the absence of regulation, transparency issues, and limited information on trading conditions raise significant concerns for potential investors. It is advisable for traders to conduct thorough research and consider the risks associated with trading with unregulated brokers like CFDIZ.

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CFDIZ Forex Broker has an overall rating of 1.52, Regulatory Index 0.00, License Index 0.00, Business Index 7.10, Software Index 4.00 Risk Control Index 0.00.