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Is CFDs100 a scam broker?

Overview

CFDS100 is a new entrant into the forex market. To start with, we don’t see many great things that we could put-forth about this brokerage firm. Some few positives about CFDS100 is that it offers its customers with a wide range of CFD pairs, commodities, indices, stocks and CFDs. They also provide the popular MT4 trading platform to its users.

The home page and the website interface seem to be very promising and user-friendly, but still, we don’t know what’s hidden out there. Today, we’ll uncover the truth so you can decide for yourself that CFDS100 is legit or a scam broker.

About CFDS100

Even though there are hundreds of forex brokers out there, most of them are unregulated and don’t have a license. But they still manage to convince people to invest money with the help of a pleasing home page, false promises, and dirty tricks. And one such brokerage firm is CFDS100 that doesn’t even bother to provide the name of its owner or where it is located.

We can even see that the brokerage firm offers the popular cryptocurrency, Bitcoin for trading, which should please some crypto traders. But still, owing to the fact that this forex broker is not licensed and regulated, you can always consider other regulated bitcoin brokers.

Next, we don’t see any information about the account types offers or anything about leverage spreads, minimum deposit as they ask people to open a new account blindly.  There is also no option for traders to start with a demo account to see how the platform works before investing real money into the platform.

The broker claims to offer the MT4 trading platform along with the MT4 web trader. So, people interested in a web-based trading platform can opt for the web trader.

We created a demo account and could see our account getting credited with $10,000 to test the trading platform and we could place some test orders, and the web-based trading platform seems to be working fine. The company offers two deposit option including BTC/ETH bitcoin deposit and rave payments.

The Assets index lists all popular stocks like Amazon, Google, Apple, Tesla, Netflix, UBER, Microsoft etc.  Likewise, you can see a complete list of the forex currencies offered, commodities, indices, and cryptocurrencies in their Assets index.

Is CFDS100 Legit or Scam

Overall, CFDS100 is not a licensed and unregulated broker. We always recommend our users to deal with only licensed brokers. Next, we don’t see any company information or the address of the company. There are links on the bottom to download apps for Android and iOS, but don’t seem to work. Considering the above facts, we recommend our users to invest their hard-earned money with a reliable broker better.