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CCFDBank Review: Ccfdbank.com Counterfeit Forex Broker Scam Shown

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CCFDBank Review: Ccfdbank.com Counterfeit Forex Broker Scam Shown

CCFDBank (Ccfdbank.com) is a Forex brokerage firm claiming to make users rich instantly. According to their homepage, CCFD Bank understands that traders want to work with professionals. It has led this brokerage firm to collaborate with third party companies to provide users with private money managers worldwide. All this would all be great if only it were true what they were saying. Read this honest and detailed review of CCFDBank.

CCFDBank Review

CCFDBank Review:

Scammers are in the industry to do one thing, get as many people to sign up with them. CCFD Bank wants as many investors to sign up with them before going under. One of the ways we know that this is true is the empty promises thrown at us. Why would they claim to have third party private money managers? It’s a publicity stunt to simply rake in more investors. Such details would be easily be left.

Advantages of Automated Robots

  • Conduct Real Time Market Analysis

By processing immense amount of market information, users get a more accurate setting of the market prices and product status. The bots identity market conditions such as volatility and help traders make informed decisions.

  • Time Efficient

One of the key benefits of using automated bots is time. The trading process is completely automated thus making it hands-free. You can also set your preferred parameters before moving on. Traders don’t have to constantly conduct market analysis.

  • Portfolio diversification

Traders can run multiple accounts using robots and thus, increase the trader’s portfolio diversification. You get to run multiple accounts and strategies and benefiting from robots that do all the heavy lifting.

  • Increased accuracy

Manual trading creates a lot of errors especially those related to currency pairs, execution price, and position size. Algorithmic trading helps keep such issues out of bay as the bot have a more accurate sense of taste for the market.

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  • Automation

The fact that traders can automate their trading is one of the best options for trading forex with robots.

You don’t need to have any experience as a trader when engaging with these robots. You have a successful trading robot that offers the best in terms of automated services.

Traders enjoy a much needed help when it comes to trading and research. The bot does all the work for you.

Most of the bots have been tested by trading professionals and proven to work.

  • Easy to use

These bots are easy to use for all classes of traders. All you need is an enjoyable trading platform that does offer much in terms of success.

You need to go for a reliable and tested bot offering more than just accessibility.

  • Performance oriented

Most of these robots are completely performance oriented. And this means you have to go for options that don’t just create an illusion.

Another disturbing factor is the news they are posting on their web page. From top trades to popular trends, you can easily see that nothing changes. When you scroll down their homepage on the financial news dashboard, an error is found. It clearly reads that the feed cannot be found. Scammers post news alerts just to make you think they are professionals. All what they want you to know is that they are on top of things. It’s not the case.

Fake Welcome Bonus.

Aware that offering bonuses is illegal in Forex trading, we believe that CCFD Bank is a scam. CCFDBank does not follow the set rules and regulations. Folks, having a broker that doesn’t follow rules is above all else, risky. Bonuses was a great initiative at the beginning, it all turned sour later. Brokers began withholding money from investors due to bonus related issues. No one could withdraw money with such scammers.

Problem was and still is, fake brokers demand that you pay back the bonus. One wonders, why would they give you a bonus and ask for it later? Isn’t this some kind of hidden fee? Rather, this is a hidden loan structure that investors don’t know about. Other excuses that brokers use to withhold withdrawals include lack of required trade volume. Reward schemes are also strictly prohibited and you should look into this.

Are Funds Safe with CCFDBank?

CCFDBank Sam

Personal information and financial security are imperative to any type of trading. Investors should only sign up with brokers who offer security of funds. Problem we found with CCFD Bank is that its not SSL encrypted. It simply means that the site is easily prone to attacks especially from rookie hackers. Without proper safety measures, members stand to lose more than just their funds.

In case CCFDBank is hacked, users will not be compensated. That’s a fact. No one can verify that this broker segregates funds. It means that you could be depositing money straight to their personal accounts. A real broker firm would segregate accounts and ensure funds are safe. Hackers can easily steal your credit card information with CCFDBank due to lack of proper security measures. Stay away from it.

Who Owns CCFDBank?

Another red flag that we thought you should know is about who owns this firm. More than one person or a legal entity can own a brokerage firm. Problem with CCFD Bank is that we don’t know who actually owns it. Claims that it’s a UK based Forex platform cannot be confirmed. Another flaw we found is that they claim to be based in the UK while at the same time, Sofia, Romania. Which is it?

Anonymity is a clear sign that we are dealing with scammers. Best thing they could have done is tell us one person involved in either developing or marketing. No one claims to be responsible for this Forex platform and it makes us question everything. One way of knowing for sure that these are scammers is that you cannot get a hold of them. No one can claim to be part of a scam, right?

Fake Platform used.

CCFDBank uses a fake platform that only works on the web. Mobile and desktop users are finding a hard time downloading this platform. As a matter of fact, we also tried downloading this platform and download stalled at 23%. This means that their platform is highly unstable and does not work. It also means as we had earlier said, prone to malware and cyber-attacks. Traders cannot trade on the go which is sad.

Claims that you can trade during the weekend with their platform is also a big lie. No one can be able to trade when the markets are closed. How can CCFDBank be claiming to offer trades when all financial markets are closed? It simply makes no sense. Only scammers would come up with such a ploy to attract unsuspecting newbies. Stay away from CCFDBank or you will become another victim.

Account Types on Offer.

CCFDBank Fake

Three different account types are on offer to suit your requirements, this is according to CCFDBANK. Micro account is designed for traders who are new to the market. It’s also for those trading smaller volumes. Minimum opening deposit is $250 and has trade size increment of 0.01. Silver account accommodates experienced retail traders. It comes with a single size if 60 lots. Minimum opening deposit is $1000.

Gold account holders has a key feature in that you have a personal broker. Limit for a single trade size is 60 lots. Minimum trading deposit is $5000. What we found amusing with these accounts is the demo account. Demo accounts are rigged to make you appear placing winning trades all the time. It’s a known ploy scammers use to lure people into believing they can win with this platform.

Is CCFDBank a Scam?

From the evidence we have produced, we have no doubt CCFDBank is a scam. Anonymity is a leading cause to this belief. Not being registered and regulated is another worry for us. Fact that they are rigging the demo account is also another factor to consider. Claims from users that they have lost money with CCFD is also another issue. All in all, we urge you to stay away from this fake Forex broker.

CCFDBank Final Verdict.

CCFDBank Scam Review

Due to the concrete evidence in our hands, we have no other option but to blacklist this Forex broker. No amount of money can sway us into believing otherwise. Investors are warned not to sign up with CCFD BANK unless they want to lose money.

Stay safe and trade with only recommended Forex robots.

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