Platform: WebTrader, MetaTrader5
Payment Method: Credit Card, debit card, Fast wire transfer, Trustly, APMs, and Wire Transfer
- Tight Spreads and Zero Commission.
- Free access to webinars.
- More than 2000 instruments.
- 24/5 support only.
CFD Global Review
CFD Global touts its services as truly global ones, however – at least as far as its regulatory profile is concerned, it seems focused on the EEA (European Economic Area), more or less exclusively. It might in fact peddle its Forex and CFD services elsewhere too, but – at least for the time being – it can only legally offer such services in the EEA.
“Safety First” is the mantra by which the brokerage operates. Apparently, CFD Global abides by the highest standards when it comes to data protection and security, keeping its clients’ monies in segregated accounts with reputable banking institutions.
Based in Cyprus, at 2 Sofouli Street, Chanteclair Building, 6th Floor, Office 602, Nicosia, CFD global is regulated by CySEC. What this means – above and beyond the fact that the operation is MiFID-compliant of course – is that CFD Global is a Cyprus Investment Firm and as such, its clients are all protected by the Investor Compensation Fund, which returns client monies in case the brokerage goes under for whatever unforeseen reason. Details regarding this investor compensation scheme are provided at the site, in downloadable .pfd format. The same goes for all the terms and conditions and various policies observed by the brokerage.
CFD Global Regulation
As said above, CFD Global is regulated by CySEC. Its license number is 292/16. This license says that the brokerage is MiFID-compliant and as such, it can peddle its services legally all through the EEA. In addition to its CySEC registration, CFD Global is also registered with the UK’s FCA, Germany’s BaFIN and Poland’s KNF. Despite being registered with these authorities, it has to be noted that CFD Global is only licensed by CySEC.
CFD Global Trading Platforms
While most of their industry peers seem set on offering a bewildering array of trading platform options, CFD Global have apparently decided to keep things as simple as possible in this regard. They only feature two trading platforms, though these two platforms cover all the possible devices/needs their traders may have.
The advantages of the CFD Global Web Trader are obvious: unlike downloadable platforms, the web trader allows users to access the markets from anywhere, through any device. Needless to say, the compatibility of this trading platform is outstanding: it works with all the major browsers. The web trader covers all the trading instruments available through the downloadable platform, and it offers an impressive range of indicators and trading tools. In fact, the web trader has more built-in indicators than the downloadable MT5 platform: some 90 such indicators are available by default, and again: nothing has to be downloaded. A total of 3 chart styles are available through the web trader and online help can be accessed at the click of a button.
Web trader users also gain access to Trading Central, which delivers intraday analysis and recommendations from an actual financial analyst. In addition to all the above, the web trader also features streaming live quotes, so traders can make good decisions on the go.
Navigating through the platform interface is simple and intuitive. One-click trading straight off the charts is available too.
MT5 is the flagship trading platform of the brokerage. It can be downloaded directly from the CFD Global website and it is the natural evolutionary iteration of the popular MT4. Through MT5, traders will find it easier to build their own custom indicators and expert advisors.
Needless to say, all the perks and features one would expect from a platform like MT4, are indeed available through MT5. The trading interface as well as the charts are highly customizable. Traders can create chat templates and save them for later use. Advanced analytics are a given with MT4 as well as MT5. The platform comes with more than 30 preinstalled technical indicators, but users can pick up an additional 2,000 for free, and install those too. A total of 9 time frames are featured by MT5.
The high level of automation has always been one of the main attractions of the MetaTrader suite. The CFD Global platform features EAs, trading position alerts and embedded tick charts. Trade execution through MT5 is said to be instant and multiple payment services are supported.
The MT5 offered by CFD Global is available in several versions. It can be downloaded for Windows, as well as iOS- and Android-based mobile devices. The Demo account offered by the site works on the Web Trader as well as on MT5.
CFD Global Account Types
As said above, CFD Global features a Demo account, which works across all their platforms. This Demo account is a great opportunity for traders to dip a toe into the markets without putting any real money in harm’s way. Through it, they can also thoroughly assess the capabilities of the platforms and services offered by the brokerage.
CFD Global Essential is the entry-level account type of the broker. It requires a minimum deposit of $1,000, so it is indeed fairly accessible. Those who opt for this account, will gain access to all the trading instruments featured, as well as to daily financial research and market reviews. Exactly how reliable this service is, is something that’s quote subjective for most users. In addition to the above, Global Essential users are also granted access to webinars.
The next step up the account-tier ladder is represented by CFD Global Original. This account type requires a minimum deposit of $5,000. For that money, in addition to everything the Global Essential account brings to the table, traders gain access to trade alerts and event analysis.
CFD Global Signature is the top-tier account type. It costs some $25,000 to open such an account, so it is obviously not for everyone. Global Signature users get everything Global Original users do and more: they also enjoy dedicated 24/5 support.
CFD Global users who aren’t too keen on putting real money into the middle from the get-go, can also opt for a “Trading Experience Test” and yes, this is a separate feature from the above-mentioned Demo Account.
CFD Global Trading Products
The trading product selection of the brokerage is indeed quite impressive. The Forex section is the best endowed in regards to tradable assets: more than 55 currency pairs are available here. The maximum leverage traders are allowed to use on Forex pairs is 300:1, but there’s a detailed list available at the site, showcasing the exact trading conditions for every available currency pair. There are no commissions charged on Forex and the spreads are indeed pretty tight.
The commodities category is mostly about Silver and Gold. The maximum available leverage here is 200:1. No commissions are charged here either, and the margin requirements are also rather reasonable.
The indices section includes more than 26 global indices, obviously covering most of the global economy. The spreads are tight in this category too, and the maximum leverage has been set to 200:1.
The stocks section covers CFDs from some 20 global markets. There are more than 2,000 tradable stocks here, with the maximum leverage set to 10:1.
The crypto section features Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin and Ripple. These are all CFDs, so as a CFD Global trader, you will never get to possess any cryptocurrencies.
Read about all the regulated forex brokers