CDO Markets (Cdomarkets.com) is a crude CFDs and Forex broker out to steal from anyone who signs up. CDOMarkets is purporting to offer conditions and tools which aid in financial success. Dealing with such brokers is a headache and end results are chaotic to say the least. After receiving hundreds of complaints from members, we decided enough was enough. Make sure to read this detailed and honest CDO MARKETS review.
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In order to understand how this scam works, you need to know how much money people are losing. Most members have lost initial deposits of up to $7,000. Some may consider this to be a small amount, but it isn’t. How can a broker who claims to be an industry professional allow this? Don’t they properly advice their members? What seems to be a Forex trading platform ends up to be a hellish ride to financial mayhem. Get to know what’s happening with CDOMarkets.
After landing on their website, we found some disturbing issues which are a major concern. How can a broker not properly secure their website? Lack of SSL Encryption means users are not safe from third party attacks. What about how they have designed their website? From the look of things, their website is totally a flake with too much information. In short, their website is not user friendly. It will take some time before getting to know more about this broker thanks to their inept website.
Who are the owners of this website? Can we get to know the actual names of founding members? Investors need to ask some of these questions before signing up with any broker. According to details posted on their website, this website is owned by CDO Markets LTD. A big problem with this statement is not much information regarding the company. After conducting a thorough research, we found no information regarding CDO Markets LTD. What does this mean?
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Anyone who signs up with CDO Markets is dealing with a rogue Forex entity. Why have they failed to give members names of people running this website? Is it possible members are depositing funds to an unknown third party? CDO Markets is an anonymous entity which claims to be based in Vanuatu. Offshore brokers are notorious for breaking set industry regulations and rules. Stay away from offshore brokers as they tend to close shop without issuing any notice.
Being an offshore broker, we highly doubt their licensing details. Offshore brokers will do or say anything to make their platforms appear legit. Posting random number to feign licensing is one way offshore brokers use to fool members. And this is what’s happening with this broker. Although they claim to have a licensing number, they lack documents to back their claims. Why have they failed to post copies of their licensing credentials? A copy of licensing certificate would do.
A good reason why this broker fails to have such important details is lack of valid certificates. As we earlier said, professional scam artists will post random names and numbers to fool members. Stay away from any broker with such crude details which don’t match their licensing credentials. Anyone opening an account with CDOMarkets should expect some rough treatment. Any broker who fails to issue their licensing certificates and documents should be blacklisted.
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Depositing fund with CDO Markets has been made easy and fast for obvious reasons. Professional scam artists will do anything to make sure funds get to their accounts as fast as possible. Funding methods include Bank wire transfer which means tracing owners is hard. And this is what CDO Markets is after. Having a platform where they can easily detain funds at their own will is what they are after. After receiving your deposits, it’s the last time you hear from them.
Withdrawing funds with CDO Markets is turning out to be a horrific experience. No member has been able to withdraw funds with this broker. As it turns out, this broker is giving members various reasons as to why they can’t withdraw funds. How can a broker refuse users to withdraw their funds? Only professional scam artists have been known to have this reputation. When asked about withdrawals, broker tends to block accounts.
CDO Markets is furnishing users with three account types to choose from. Notice to all investors, these accounts are just traps set for newbie investors to fall into. Accounts are named STP, ECN, and VIP. What we noticed weird with their accounts is lousy advantages. To be honest, there’s no real advantage with any of the accounts named. It seems CDOMarkets is trying to entice users to sign up without checking account features. All investors should always look out for account features.
With commissions of nearly 10%, it is simply a disgrace. After signing up, this broker takes a huge cut. And this makes trading with CDOMarkets troublesome. Stay clear from such brokers as they end up taking a huge cut in all transactions. Leverage is too high and should be a good reason not to open an account with CDOMarkets. Stay away and don’t open an account with them.
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How can funds be safe from a broker who refuses to allow withdrawals? Having a broker who is based offshore is a turn off. Safety of funds is not guaranteed by a broker who uses random licensing numbers. Why have they failed to mention how they handle funds? Which bank do they use to store funds deposited by members? With no credible trading background, we highly doubt safety of funds.
Another shocking detail we uncovered is in regards to segregation of accounts. A broker who is merging all assets in one account should not be trusted. In case of bankruptcy, funds will be lost since CDO Markets is pooling funds in one account. Make sure to stay away from a broker who doesn’t insure funds. Losing funds with CDO Markets is easier than winning any trades. Stay away from this trading platform.
After checking all facts, we have to disclose CDO Markets is a certified scam. Mark all their emails as Spam and never click on any links sent by their email marketing team. By ignoring all their calls, you will stay protected from their traps.
Adding this platform to our scam blacklist will help protect our readers. Stay away from such unlawful trading platforms for your own safety.
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Wishing you a happy and successful trading experience.
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