CFDPremium (Cfdpremium.com) is a CFD and Forex Broker scam platform in the Forex market. According to the website, this platform is different from other Forex brokers. They claim to be the most innovative and created by real traders. Due to the horrific emails, we have been receiving concerning CFDPremium, we decided to conduct a thorough investigation. What we found out will shock most of you. Read on and get the truth!
CFDPremium claims users get the chance to trade like professionals. According to their website, they have one of the most popular trading platforms in the industry. MetaTrader5 is what users use when trading with CFDPremium. You can easily download the platform on their website which was difficult for us to do. The download would not complete and stall at around 25%. This is what happens when you download a fake platform, it stalls on most devices.
Some of the trading products CFD Premium claims to have include precious metals, oil, Forex, CFDs, indices, and Algo trading. These are good trading products if only CFDPremium would actually work. Yes, this review will clearly show why we don’t trust a word this platform says. Due to the numerous complaints, we are sure this is another Forex scam that scamming millions of users.
Get only the best and most trusted Forex brokers when dealing with Forex. Reliable Forex brokers will strive to help you make real profits. Your money will always be safe and you will trade comfortably and better. Always use brokers who have been tested by the trading community.
When trading Forex or any other market, you always have to consider the risk of trading. This broker claims to keep your funds safe and secure. We are sure that this is not the case as most people have lost a substantial amount of money with CFDPremium. One red flag we noticed was that their website is not protected. This means hackers can easily take over trading and steal from CFD Premium.
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According to CFDPremium, the whole website is protected by 256-bit SSL encryption. The only thing we found was a True-Site identity assurance seal which can be downloaded. These people cannot guarantee that funds are kept separate from the company’s account. If this was the case, they would have paid people who lost money trading with them. The claim of 100% money back guarantee is obviously a lie.
We noticed that CFDPremium accepts a number of payment options. They accept MasterCard, OKPAY, PAYEER, PayPal, QIWI, and Request Payment. Funny thing is that, when it comes to deposits, this platform is very fast. Deposits are done almost immediately and you can see your money being reflected on your account. This all sounds too good to be true. Wait until you start claiming withdrawals. Hell starts immediately a user wants to withdraw a certain sum from their account.
Problem with CFD Premium is that they don’t allow users to withdraw their money. This is why the Internet is buzzing with people claiming to have been swindled by CFDPremium. We believe that this is a scam that waits for people to sign up and later steal their money. No feedback has been given as to why CFD Premium is not allowing withdrawals.
This platform is offering users five different account types. You can choose to have Initial, Regular, Intermediate, Advanced, and Superior account. Initial Account holders get fixed spreads from 2. Spread types are always Fixed. Minimum deposit is between $500 to $999. Regular account holders must make a minimum deposit of $1000 to $2499. Withdrawal takes 2-3 business days.
Intermediate account holders must make a minimum deposit of $2500 to $9999. Maximum withdrawal time set is 5 days. Advanced account holders must make a minimum deposit of $10000 to $24999 to start trading. This account has no maximum trade size. They claim withdrawal is 2 days without delay. The superior account has a minimum deposit of over $25000 and has a raw bonus of 50%.
We must mention the insane minimum deposit levels we see here are high. Even the lowest minimum deposit is way above the required industry’s standard. You can always be sure that legit Forex platforms offer a $250 minimum deposit for all clients. Why would these people jump the gun? They simply want you to withdraw the money and forget about it. You will never hear from them again. They simply close your account and never reply to any emails.
Free raw bonus they claim to issue is also fake. Once customers accept this bonus, they will be charged when withdrawing. As a matter of fact, the regulatory bodies have warned against the use of bonuses in Forex. This means CFDPremium is going contrary to the rules and regulations set by the authorities.
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Due to the complaints we received, we decided to contact the authorities to check whether CFD Premium is regulated. We contacted all the relevant authorities just to be sure. Financial Conduct Authority was the first institution to say they haven’t registered CFDPremium. Not satisfied, we contacted CySEC and ASIC to see whether they had regulated this broker. We were shocked as none of these institutions had regulated this broker.
The registrar of companies was our next stop to see whether there’s any company registered under CFD Premium. No single company was registered under this name. This is clear proof that we are dealing with a broker who is not regulated nor registered. No wonder they can’t follow simple rules and regulations. This is why we insist that this platform should be investigated by the relevant authorities. Clearly, if anything isn’t done, millions will be scammed.
CFDPremium also offers users fake partnership deals. Some of the partnership deals include Forex white label, affiliates, introducing brokers, and forex money managers. We urge you to stop partnering with CFD Premium as you will be an accessory to the financial crime. Note that CFDPremium will be under investigation in short while.
We are sure that this platform will be shut down soon due to financial fraud. This is why we feel sorry for anyone who has already signed up. All we can do is hope you get your money back which will not happen anytime soon.
Without a shadow of a doubt, we are dealing with a fake forex broker. We urge you not to sign up with this platform. Also, ignore all incoming emails from people purporting to be agents of CFD Premium. Never click on any link that directs you to their homepage. Don’t give out your credit card information as this will lead you to be a victim of credit card fraud.
Evidence produced clearly show that we are dealing with professional forex scammers. We urge the relevant authorities to investigate this platform at once. It’s high time this site is brought down to avoid any further distress calls from forex investors.
Always trade comfortably and safely using trusted professional forex brokers. The advantage of using professional forex brokers is that your money is always safe. Use brokers that the forex community endorses and start making real profits.
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