CFD world Review – What to expect from the company

CFD world is an STP CFD Broker that features on its trading platform CFDs on Forex, commodities, indices and shares. CFD world is a subsidiary company of Goldenburg Group Ltd, a corporation that is licensed in Cyprus by the CySEC. The typical spread is for EUR/USD 3.0 pips*, real trading is possible with the minimum deposit of $250. The CFD world website is available in English, Hungarian, Czech and Slovak.

What do we cover in our CFD world Review?


General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: www.CFDworld.com
  • Leverage: up to 1:30
  • Instruments: CFDs – Forex, commodities, indices, shares
  • Minimum deposit: $250
  • Demo account: Yes, free of charge (30-day expiry)
  • Deposit methods: Wire Transfer, Credit cards (Visa, Mastercard)
  • Withdrawal methods: Wire Transfer

CFD world Trading Platform

The brokerage company CFD world offers to its clients well-known trading platform – MT5. This platform features up to 21-time frames, 79 analytical tools along with comprehensive price and market analysis system. MT5 can CFD world clients either download to their computer or access the web trader version from any web browser.

CFD world Spreads

As any other CFD broker, CFD world charges a spread fee. For the most current spread charges, please visit the CFDworld.com website. Here is a spread comparison table that contrasts CFD world spreads with popular industry competitors.


Asset EUR/USD USD/JPY GBP/USD AUD/USD
CFD world * 3.0 3.0 3.0 4.0
Plus500** 0.6 0.7 1.1 0.6
IQOption** 1.2 0.9 1.5 1.6

*Typical spreads recorded on 26.06.2019 at 17:31 GMT, spread charges were taken from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.

Advantages and disadvantages

Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce the CFD world broker.

CFD world Pros
  • International support
CFD world Cons
  • No e-wallet payments
  • A little bit above average spreads
  • The minimum withdrawal amount is $250
  • No CFDs on cryptocurrencies

CFD world regulation

 Goldenburg Group Limited is authorized and regulated by the Cyprus Securities and Exchange Commission under license number 242/14.

The CySEC regulation gives CFD world the right to provide cross-border services to other members of the European Economic Area.

To sum up the CFD world Review

CFD world adheres to strict regulatory guidelines of the CySEC. Spreads that the broker charges are a little bit above average for the FX industry. The number of available CFDs is decent, the broker even features CFDs on some interesting stock titles that are specific to certain countries in the EU. That being said, I am missing CFDs on cryptocurrencies, it would be nice to see at least an option to trade CFD on Bitcoin. What I really don’t like about the broker is that the minimum withdrawal amount is $250 and that one can use only wire transfer for withdrawals.

Your review can make a difference to other traders, please leave a comment if you have any personal experience with CFD world .



Michael

Leave a Reply