Widecfd Review: Check out the warning from CNMV

Widecfd Review: Check out the warning from CNMV

There’s an alert warning investors from engaging with the Widecfd trading platform. Over the past few days, the platform has failed to allow members to withdraw. And this incensed regulators prompting them to issue a red alert warning. Most pundits see wide CFD ( as a high-risk investment. You need to stay away from the platform or risk losing everything. Here’s what we found out in our thrilling WIDECFD REVIEW.

Note: You need to invest in proven investments that enjoy the backing of experts. These include groundbreaking investment strategies such as coin staking and Masternoding. Go for the best investment options the industry has to offer.

About Widecfd

There’s nothing to write home about when investing with Widecfd. The platform does its best to hide its background and history. When investing in any platform, first check to see whether the platform has a solid reputation.

Widecfd Review Pros and Cons

Without the background and history, it’s hard to see where the platform came from. The platform even has a lousy website design that’s hard to navigate. So we can tell that getting the information you need needs more perusing the platform.

It also comes with a dark-themed website which is far from fancy. Those who have engaged with the store have claimed the design is awful. No professional or expert would go for a dark-themed trading platform.

Despite that, the platform tries to sell itself as a reliable and reputable trading platform. Far from it, you don’t get to call the shots as the platform trades on your behalf. The robots in question are far from accurate, and the results were wanting at best.

With their goal to cater to traders at all levels, they miss the mark. The platform endured a series of backlash from investors wanting their funds back. Sadly, the platform has no response and decided to block these accounts.

👉 ***Do you want to earn a side income with a stable crypto investment platform that generates sustainable monthly yields? Get this: You can now make a steady profit margins thanks to a new innovative way of investing in crypto. YieldNodes is the answer you need to start making a decent profit with cryptocurrency investment whether you are a beginner or professional in the crypto space. A multi-tiered node rental program is what Yield nodes is bringing to the table. Master-noding is the avant-garde of generating high ROI thanks to the ingenious of Stefan Hoermann and his team. With master-noding, you invest and let the platform do the rest for you. What is master-noding? It is not TRADING. It’s a new way of generating revenue by providing technology that relies on a proof of stake approach. Yieldnodes operates these crypto master-nodes and optimizes complex strategies to ensure members earn a profit. Yield Nodes will prioritize your security by providing accurate investment options. Members get protection from external losses or unforeseen changes in market conditions. This is not in any way a get rich quick scheme; once you deposit funds; you have to wait for the yields to mature. Yieldnodes is providing a proven, innovative, and secure way of making high returns on your investment with crypto master-noding.  With just a minimum deposit of €500, you are good to go! With a minimum contract duration of six months, it gives users a chance to fully experience master-noding. By joining Yieldnodes, you stand a chance of making 5 to 15% every month.  If you are still wondering whether this is a safe option, you can cancel the contract at any given time. For those who want to join and upgrade their investment strategy, Yield Nodes is the solution.

Click Here To Sign up with Yieldnodes Today

PS: YieldNodes is 100% Verified and Recommended by

Before you invest in any platform, experts recommend doing due diligence. Try and find out what makes a platform tick before investing in it. That’s the only way to ensure your trading goes smoothly.

Accounts Widecfd

There are three account types available on the Widecfd trading platform. These include Standard, Gold, and Platinum accounts. Each of these accounts targets a different class of traders. The accounts also offer a wide array of features.

Here’s a closer look at the account features;


Hailed as the all-time forex trading account, investors have to deposit $500 to get started. You get partial access to video tutorials with the account having a manager. Leverage starts at 1:200 for all trading assets.


The platform hails the gold account as the perfect account in its form. Members have to deposit a minimum of $10,000 with fully managed accounts. Leverage with the gold account starts at 1:400 for all trading instruments.


It’s the most exclusive account, with investors having to deposit $50,000. The platform mainly targets institutions. Leverage starts at 1:500 with members promised premium daily analysis and signals.

Accounts Widecfd

Account features

Looking at the accounts, it’s clear that the leverage is way above the recommended amount. Regulators have put a cap on leverage at 1:100 in Europe. In the United States, retail traders enjoy maximum leverage of 1:50.

Another issue with these accounts is that the platform takes over your trading. Once this happens, there’s no way of controlling what happens next. In addition, members don’t get to test the accuracy of the bots and signals provided.

There’s no demo account to test the features and parameters of the platform. A genuine trading platform will provide investors with an active demo account. It helps them get acquainted with the platform.

Account managers

These are not actual account managers, and our investigation revealed that these are call agents. The call agents earn their commission by convincing members to deposit more funds. So you get a call from them urging you to deposit funds as there’s a lucrative open position.

Once you do so, the account manager disappears. The platform moves quickly to replace the account manager with a new one. Despite attempts to reach out, the platform claims the account manager is on leave.

The platform will insist that you wait for the manager to return, but they don’t. So that’s the last you will see of your funds and hear from the manager. These are call agents hired as part of the cover to make the platform appear professional.

Are funds safe with Widecfd?

Funds are far from safe as the platform fails to offer negative balance protection. The platform also fails to provide insurance cover for deposits made by clients. That’s why we believe the platform is a huge letdown for investors.

There’s also the issue of the website failing to get ample security. We found the website prone to DDoS attacks since it doesn’t use SSL encryption. There’s also no segregation as the owner keeps all funds in a single account.

Assets and trading instruments

There are four classes of trading instruments available on the platform. These include commodities, forex, indices, and stocks. For example, you can trade commodities such as sugar, wheat, and other household commodities.

Are funds safe with Wide CFD? NO

Forex trading is the core of the platform’s activities. You get to trade against leading currency pairs. However, the platform only offers major and minor currency pairs. You don’t get to spread your risks with exotic pairs.

Indices play an integral part in the day-to-day trading experience of most day traders. Some leading indices include DAX, Dow Jones, NASDAQ, NIKKEI, S&P 500, etc. As a result, you get to trade in the world’s biggest market stage.

Finally, we have stock trading, which has been around for decades. Some of the stocks to find include leading giants in all sectors. These include shares from companies such as Amazon, Apple, Microsoft, Samsung, and Tesla.

Bonuses on offer

The platform offers a 100 percent deposit bonus. Most investors signed up due to this feature. Unfortunately, although it might look like a pro, it’s a con used to move investors to deposit more funds.

After depositing funds, the platform will double the amount. Where does the amount come from, you might ask? The platform has the power to control the account balance and reflect any amount deemed necessary.

Once this happens, the platform will later use the bonus to fleece more funds from you. Members don’t get to withdraw as the platform demands you pay back the deposit. Imagine a client who deposited $50,000. The client now has to deposit the same amount to withdraw funds.

It’s insane.

Business holder

Evergo Ltd is the parent company that CNMV blacklisted. The Company has other dubious trading platforms that were taking advantage of investors. There’s no business registry of the company making Widecfd an anonymous trading platform.

Compliance, License, and Registration Widecfd

The platform fails to offer any valid documents to prove their case. We also checked with various regulators to try and confirm whether the platform is registered; it’s not.

Is licensed or regulated? NO, A warning from CNMV

Contact and support

Don’t expect any contact or support from the platform. It’s one of the reasons the platform is a burst.

Final verdict

Wide CFD is a scam, and please stay away from it as regulators have also listed it as one.

PS: Use the best investment strategies the industry has to offer. These are what experts use to stay ahead of the game.

Do you have any queries? Feel free to drop a comment or email us with any Qs.


We’d love to keep you updated with our latest news and offers 😎

We respect your privacy. Read our privacy policy for more info.

Leave a Reply

Your email address will not be published.


Follow Us will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.