Search

CDG Forex Broker provides real users with 2 positive reviews, 1 neutral reviews and 64 exposure review!

CDG Broker Review

1.55

WikiFX monitor

Business

Field Survey Danger

License

No license

CDG Review 67

Latest All(67) Positive(2) Neutral(1) Exposure(64)
Exposure
CDG prevents withdrawals

cdg just ignores people, does not give money. They have no good service at all! Don't believe the fraud platform, you must stay away from this broker!

FX5799185663
2021-01-29
Exposure
Don’t settle positions

We reached an agreement that 15% of the positions are settled monthly as commissions. But now they said they confused my account with others! And they admitted their business manager didn’t make it clear and penalized him. But it’s none of my business. What you promised has to be executed. You should give me $1,365. It’s just a small amount of money and you’d rather be a deadbeat, making me expose you! The following screenshot is about the conversation with their customer service. Their business manager is out of contact!

FX5799185663
2021-01-14
Exposure
Unable to withdraw

I deposited in May, 2019. I can't withdraw my fund till now.

FX3979093401
2020-08-25
Exposure
Unable to withdraw

1. I deposited 10880 yuan, with a regular profit 52409.72. (One can check that all my operation was legit.) 2. The platform didn’t give access to withdrawal and even locked my account for 2 months, giving no explanation. 3. In the third month, it withheld my balance, only fund and 20% profit was left. 4. No further reply. 5. The fraud platform is terrible. The following is my experience: I have been trading since last December. I deposited 10 thousand dollars. I am an aggressive trader, so I usually trade larger positions with a higher frequency, XAU/USD in particular. I haven’t made withdrawals in wake of constant losses. Until this February 13rd to 24th, the market surged from 1565 to 1689, surpassing 12000 pips, I made profits by 7 times within 3 months resulting from my 20-hour monitoring the market. On February 24, 2020, I applied for a withdrawal of US$2,200. I found that I couldn’t log in to the website. Contacting the service is useless, I could only use different operators and different devices to try it. Normal trading continued on the 25th, 2:00-3:00 A.M.. I began to trade at 7:00. At about 7:20, there was 65 thousand left, with net value 66 thousand. I found that I couldn’t close the position. So far, I started my long journey of recovering claims. I contacted the manager, asking for position closing. On February 26, I found that I couldn’t log in to my account. CDG said that I was engaged in illegal trading. I have sent 40 emails or so, only 1 among which was responded. I am on the edge of collapse. My profit was still proportionally under investigation. After negotiation, CDG agreed to refund 20%(Actually less than 20%). I had no idea but to accept this oral promise. Later, CDG cleared up and canceled my account, as of nothing had happened. I know that there must be another victims. One could feel that withdrawing profit is impossible. It will find every excuse to palter with you, which is unreasonable. I made profit on my own, why you covet it? It is simply a fraud, characterized with bad experience. I hope that WikiFX make it exposed in case that more person got cheated. It is still scamming victims domestically and in Malaysia. August 12, 2020

Crystal58365
2020-08-12
Exposure
Canceling clients’ profits

CDG canceled all my profits without notifying me.

FX1482449172
2020-08-10
Exposure
CDG gave no access to profit

1. I deposited 10880 yuan, with a regular profit 52409.72. (One can check that all my operation was legit.) 2. The platform didn’t give access to withdrawal and even locked my account for 2 months, giving no explanation. 3. In the third month, it withheld my balance, only fund and 20% profit was left. 4. No further reply. 5. The fraud platform is terrible. The following is my experience: I have been trading since last December. I deposited 10 thousand dollars. I am an aggressive trader, so I usually trade larger positions with a higher frequency, XAU/USD in particular. I haven’t made withdrawals in wake of constant losses. Until this February 13rd to 24th, the market surged from 1565 to 1689, surpassing 12000 pips, I made profits by 7 times within 3 months resulting from my 20-hour monitoring the market. On February 24, 2020, I applied for a withdrawal of US$2,200. I found that I couldn’t log in to the website. Contacting the service is useless, I could only use different operators and different devices to try it. Normal trading continued on the 25th, 2:00-3:00 A.M.. I began to trade at 7:00. At about 7:20, there was 65 thousand left, with net value 66 thousand. 4 The continuous 3-day slippage caused liquidation. After I deposited fund, my account became liquidation on the night. The slippage in that 3 days was abnormal. There was no official email. It is simply a fraud. Hope HK fiance regulator see to this quickly.

Crystal58365
2020-06-11
Exposure
CDG gave no access to profit

1. I deposited 10880 yuan, with a regular profit 52409.72. (One can check that all my operation was legit.) 2. The platform didn’t give access to withdrawal and even locked my account for 2 months, giving no explanation. 3. In the third month, it withheld my balance, only fund and 20% profit was left. 4. No further reply. 5. The fraud platform is terrible. The following is my experience: I have been trading since last December. I deposited 10 thousand dollars. I am an aggressive trader, so I usually trade larger positions with a higher frequency, XAU/USD in particular. I haven’t made withdrawals in wake of constant losses. Until this February 13rd to 24th, the market surged from 1565 to 1689, surpassing 12000 pips, I made profits by 7 times within 3 months resulting from my 20-hour monitoring the market. On February 24, 2020, I applied for a withdrawal of US$2,200. I found that I couldn’t log in to the website. Contacting the service is useless, I could only use different operators and different devices to try it. Normal trading continued on the 25th, 2:00-3:00 A.M.. I began to trade at 7:00. At about 7:20, there was 65 thousand left, with net value 66 thousand.

Crystal58365
2020-06-03
Exposure
CDG gave no access to withdrawal, shirking on ACL.

The withdrawal is unavailable for 6 months.

小段
2020-05-27

  

CDG 2025 Review: Everything You Need to Know

  CDG Global, an offshore forex broker, has garnered mixed reviews from traders and experts alike. While it offers a variety of trading accounts and access to popular platforms like MT4 and MT5, concerns about its regulatory status and withdrawal issues dominate the conversation. This review aims to provide a comprehensive overview of CDG Global, focusing on user experiences, advantages, disadvantages, and expert opinions.

  Note: Its important to be aware that CDG operates under multiple entities across different jurisdictions, which may affect the level of protection and service you receive. This review takes into account various sources to ensure fairness and accuracy.

  

Rating Summary

Category Rating (out of 10)
Account Conditions 5
Tools and Resources 4
Customer Service and Support 3
Trading Setup 6
Trustworthiness 2
User Experience 4

  We assess brokers based on a combination of user feedback, expert analysis, and factual data.

  

Broker Overview

  Founded in 2003, CDG Global operates as an offshore broker, primarily registered in Saint Vincent and the Grenadines. It offers traders access to a range of financial instruments, including forex, commodities, indices, stocks, and cryptocurrencies. The broker supports the widely-used trading platforms MT4 and MT5, known for their robust features and user-friendly interfaces. However, CDG Global has faced scrutiny regarding its regulatory standing, with warnings issued by various financial authorities, including the Malaysian Securities Commission.

  

Detailed Breakdown

  

Regulatory Status and Geographic Areas

  CDG Global operates under the Labuan Financial Services Authority (LFSA) in Malaysia, but it lacks substantial oversight from major regulatory bodies like the FCA or ASIC. This lack of regulation raises significant concerns about the safety of client funds. The Securities Commission of Malaysia has even issued warnings against the broker for unlicensed capital market activities, indicating a high-risk environment for traders [source: 55brokers].

  

Deposit/Withdrawal Methods and Currencies

  CDG Global accepts various deposit methods, including credit cards, bank transfers, and e-wallets like Skrill and Neteller. The minimum deposit required to open an account is $50, although some sources indicate that the actual minimum may be higher [source: TradingBeasts]. Withdrawals are claimed to be fee-free for the first three requests each month, but many users have reported difficulties in processing withdrawals, leading to frustration and distrust [source: WikiFX].

  

Bonuses/Promotions

  There is limited information regarding bonuses or promotional offers from CDG Global. The broker does not seem to have a clear bonus structure, which may deter some traders looking for incentives to trade.

  

Tradable Asset Classes

  Traders can access a diverse range of asset classes through CDG Global, including forex pairs, cryptocurrencies (such as Bitcoin and Ethereum), commodities, and indices. This variety can appeal to traders looking to diversify their portfolios. However, the spreads offered can be relatively high, with reports indicating spreads as wide as 3 pips for major currency pairs, which is less competitive compared to other brokers [source: 55brokers].

  

Costs (Spreads, Fees, Commissions)

  CDG Global's cost structure varies by account type. Standard accounts do not charge commissions but may have wider spreads, while ECN accounts charge commissions ranging from $4 to $10 per lot, depending on the account tier. The high spreads have been a common complaint among users, reducing the overall trading profitability [source: 55brokers].

  

Leverage

  The broker offers leverage of up to 1:1000, which is significantly higher than what is permitted by many regulated entities in the EU and other regions. This high leverage can amplify both potential gains and losses, making it a double-edged sword for traders [source: TradingBeasts].

  

Allowed Trading Platforms

  CDG Global provides access to MT4 and MT5, both of which are industry-standard platforms. These platforms offer advanced trading tools, charting capabilities, and automated trading options, making them popular among traders. However, the broker's lack of regulation raises concerns about the integrity of the trading environment [source: Medium].

  

Restricted Regions

  CDG Global does not accept clients from certain regions, including the United States and the European Union. This restriction may limit its appeal to traders from these areas, especially those seeking regulated environments.

  

Available Customer Service Languages

  Customer support is available in multiple languages, including English, Chinese, and Malay. However, user reviews indicate that the responsiveness and effectiveness of the customer service team are lacking, with many traders expressing frustration over slow response times and unresolved issues [source: WikiFX].

  

Rating Summary Revisited

Category Rating (out of 10)
Account Conditions 5
Tools and Resources 4
Customer Service and Support 3
Trading Setup 6
Trustworthiness 2
User Experience 4

  

Detailed Explanations

  •   Account Conditions (5/10): CDG Global offers a range of account types, but the minimum deposit requirements and commission structures vary significantly, which can be confusing for new traders.

  •   Tools and Resources (4/10): While the availability of MT4 and MT5 is a positive aspect, the lack of educational resources and market insights limits traders' ability to make informed decisions.

  •   Customer Service and Support (3/10): User feedback highlights significant issues with customer service, including long response times and unhelpful support staff.

  •   Trading Setup (6/10): The trading environment is relatively standard, but the high spreads and potential withdrawal issues detract from the overall experience.

  •   Trustworthiness (2/10): The lack of robust regulatory oversight and numerous user complaints about withdrawal issues significantly undermine trust in CDG Global.

  •   User Experience (4/10): Overall user experiences vary, with some traders reporting satisfactory trading conditions while others express frustration over withdrawal difficulties and customer service issues.

  •   In conclusion, while CDG Global offers a range of trading options and platforms, its lack of regulation and numerous negative reviews raise significant concerns. Potential traders should exercise caution and carefully consider their options before engaging with this broker.