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Blacklist of CFD brokers 2024
WDRcapital claims to be trusted by 80K users from around the world, and the platform itself has received numerous international awards. We do not recommend to register on the platform. First of...
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Gradual Solutions Inc Pte promises to “Invest with confidence”. However, we do not recommend topping up your balance on this platform. There are only negative reviews about the company on thematic forums....
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CSS-lkt positions itself as an innovative broker with excellent earning opportunities. According to legend, the company offers comfortable conditions for cooperation for both professionals and beginners. We did not find any reviews...
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The MetaWhiteWhale website is closed to unauthorized users. The platform is a typical one-page website with a form for entering a promo code. What is this company hiding? You will learn the...
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Basic information about the broker Brokerage organization Prime Elements Limited does not provide a roadmap and does not report experience in the financial markets. However, the website contains information that more than...
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Paritet Invest ltd positions itself as an American company that offers earning opportunities to everyone without exception. The company promises comfortable trading and an innovative platform. Is it possible to register on...
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Avalon Cap Mark positions itself as a well-known British broker who has been providing services for more than 5 years and actively promoting the offer in the international arena. Reviews are only...
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Do you want to trade on the Swiss Pay LTD platform? To find out if everyone can make money here, you need to check the reviews of traders and read our article,...
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CFD Broker Blacklist 2024
CFDs are considered high-risk instruments, so trading them always involves high financial risks. If you make the wrong choice of broker, there will be no chance of making money a priori. Such companies can only create the illusion of trade and steal other people’s money. However, it will be difficult to distinguish a fraudulent broker from a real company. Such swindlers are well disguised. We recommend exercising extreme caution and always verifying the authenticity of the information provided on the brokerage website.
If you don’t know what criteria to look for when choosing a CFD broker, we recommend taking a look at our blacklist. It includes companies that have managed to ruin their reputation and received negative feedback from real clients, as well as regulators. We have done a comprehensive study and want to share the main facts. You will learn how a CFD broker blacklist is formed and how to distinguish an honest company from a fraudulent one.
Which CFD Brokers Are Blacklisted 2024?
When choosing a company for CFD trading, it is important to do comprehensive research and study many facts. Check legal documents, authenticity of information on the broker’s website, and commercial offer. The CFD broker blacklist includes the companies that:
- promise to earn money with zero risks. If a brokerage organization tells you that you can make a good income even without experience, this is a lie.promise to earn money with zero risks. If a brokerage organization tells you that you can make a good income even without experience, this is a lie. The company wants to take your money. Without proper financial asset management, you risk being left without a penny.
- do not provide information about the company itself and the commercial offer.
- prefer secrecy – this is a clear sign of a fraudulent CFD broker. Such companies offer users to first log in, top up their brokerage account, and then only present a commercial offer.
- provide false documents or fail to disclose legal information. If the platform does not have scanned copies of the certificate of incorporation or license, most likely the CFD broker is operating illegally and can imitate the trading process.
- offer enslaving trading conditions. The blacklist of CFD brokers included companies that use large spreads, swaps, and leverage. It allows the company to steal other people’s money.
Relevance of the CFD broker blacklist
Our experts always monitor the relevance of the CFD broker blacklist, so you will always be informed and will not fall into a financial trap. We check the accuracy of the information provided by brokers, the commercial offer, the availability and authenticity of legal documents. By studying expert reviews, you can get as much information as possible and make a reasoned decision.
FAQs
What is the use of a CFD broker blacklist?
Thanks to the blacklist of brokers, you can find out which CFD companies have had a negative reputation (received bad feedback from real clients, regulators). This list is constantly updated and we keep it up to date.
What are the main criteria for a fraudulent CFD broker?
Fake CFD brokers work without legal documents and make empty promises (quick profits, earnings without risks, etc.). Such companies hide information about themselves.
How is the CFD broker blacklist formed?
Our experts conduct comprehensive research to create an up-to-date CFD broker blacklist. We take into account information from various sources, reviews from real traders, brokers’ solvency, etc.