CFD World review (2022) Review
CFD World overview
CFD World is a brokerage company that is not a new participant in the Forex markets, has a good reputation and a fairly wide range of services. CFD World offers its clients a high-quality service for trading, as well as for making money on the foreign exchange markets. CFD World belongs to Goldenburg Group Limited, it is licensed by the CySEC (Cyprus Securities and Exchange Commission), which oversees the broker’s operations.
Starting cooperation with a broker, clients have round-the-clock communication with technical support, personal accounts in the currency of their countries, absolutely free training, as well as a loyalty program and automatic participation in promotions and contests. In this review we tried to maximally reveal the activity of CFD World.
What can be traded, trading instruments
CFD world only offers CFD contracts. A small drawback is the lack of a cryptocurrency option. But this is fully compensated by a wide offer, ranging from currency pairs, index, and ending with commodities or CFD shares.
CFD World offers files for trading in one of the most popular terminals among players, Metatrader 5. The advantage of this platform is that it is familiar to the user, an impressive set of tools is available here. The main characteristics are a wide range of assets, expiration settings, news and analytics, signals, robots. indicators, widgets, and all complex trading systems.
Metatrader 5 is a solution with the introduction of advanced trading methods (world forex reviews), the program allows you to test any strategies (from scalping to long-term trading) and, above all, is of interest to professional players.
A demo account option is available on the site, and its creation will take only 5 minutes of your time:
first, choose the option to create a demo account on the site
- then fill in information about yourself (name, phone number, email and promo code, if you have one)
- the next step is to select a trading platform, in the bottom left you will find an icon that must be checked if you agree to the processing of personal data
- after, following the links, fill in other fields with personal data, create a password and get to work.
A standout characteristic of a demo account is the fact that all functions are available in the demo as on a regular account. And for a novice trader, this is a wonderful opportunity to learn how to trade correctly. The duration of the demo account is 30 days, as on most of the trading platforms.
With regards to the live account, this broker has one, without any variations. That is, all users have the same trading rights. The system will ask you to scan your passport or driver’s license for verification. You can deposit money to your account using a bank transfer or a bank card. The minimum deposit is $ 250.
Currently, brokerage services are paid using spreads. Thus, the broker charges a certain amount, which is calculated as the difference between the purchase and sale price. For CFDs, the amount is determined in the same way, except that the broker charges a volume fee for CFDs and stocks. Account inactivity fee is also present and amounts to $ 40, if you have not used the account for 6 months.
Forex: 5 points or more
Commodities: 0.07 points or more
CFD: 0.01 or more pips 0.2% of volume
Shares: 0.01 pips and 1% vol.
Indexes: 2 points or more
Site and social networks
The site’s usability is very good, everything is written in an accessible way, all sections are filled with content. The site also offers a good collection of trading tutorials, which is good for both beginners and professionals. The site version is available in several languages, namely Czech, English, Hungarian and Slovak. CFD World broker is an active user of Twitter, YouTube and Facebook.
- it gives a good start to beginners, providing the necessary information for training, with the help of which new traders can learn the principles and various trading strategies
- good technical background for trading
- responsiveness & client service
- The absence of cryptocurrency option.
Pros / Cons