Abstract：In today's article, WikiFX will take you on an in-depth review of CDG Global, a broker established in 2003.
CDG Global is a brokerage firm specialising in the B2B and institutional market sectors. Founded by a group of experienced traders, CDG Global offers its clients a wide range of trading instruments, including Forex currency pairs, precious metals, indices, commodities, stocks, energy and digital currencies. The brokerage supports STP/ECN technology and also offers community-based trading (such as MAM and PAMM).
CDG Global has also won several industry awards, such as “Best Broker for Trading Environment” (Trader Financial Network 2019) and “Most Influential Broker” (European Finance 2019). European Finance 2019), among others.
CDG's official website indicates that CDG Global Limited was registered in St. Vincent and the Grenadines in 2003 under registration number 24993.
However, upon searching the company's registration number on St. Vincent and the Grenadines Financial Services Authority's Entity Name Search website (https://svgfsa.com/company-name-search/), WikiFX found no results. This is the first red flag of CDG Global.
In addition, although CDG Global claims to be a regulated broker on its website, it does not provide specific information - this is the second suspicion about the company.
CDG Global claims that client funds are held in segregated trust accounts separate from the company's balance sheet and protected by negative balances.
Types of accounts:
CDG Global offers 5 account types.
1) Standard Account: No handling fee. The minimum capital required to open an account is US$50. Maximum leverage is 1000 times.
2) Islamic Account: No handling fee and no swap. The minimum opening capital is USD 50. The maximum leverage is 1000 times.
(3) ECN Gold Account: The handling fee is $10 per lot. The minimum opening capital is $500. The maximum leverage is 500 times.
4) ECN Platinum Account: The handling fee is USD 7 per lot. The minimum opening capital is $20,000. The maximum leverage is 500 times.
5) ECN Diamond Account: The handling fee is USD 4 per lot. The minimum opening capital is US$50,000. The maximum leverage is 200 times.
In terms of leverage, CDG Global offers a maximum leverage of 1000 times.
Deposit and Withdrawal
At CDG Global, traders have various options to deposit and withdraw funds, including bank transfers, credit cards and e-wallets, such as Alipay, Neteller, Skrill, Ngan Luong, Help2Pay, PayTrust88, ThunderxPay, FasaPay and cryptocurrencies (Bitcoin and Tether) and others.
CDG Global offers 3 free withdrawals every month. However, starting from the 4th withdrawal request per month, the company will charge an additional withdrawal fee.
If there is no trading activity on the account for a long period of time, CDG Global will charge an inactivity fee of $20.
From WikiFX's perspective: A qualified broker should not charge any fees for withdrawals or other aspects. Usually, brokers that do this do prioritise their clients as much, so users should think twice about trusting this company.
CDG Global offers both MT4 and MT5 as its trading platforms.
CDG Global does not provide an online customer service chat function. Those who wish to contact CDG Global can only fill in the contact form and wait for a response from the company. Clients could also call 0060 0875 04154 or email the broker at firstname.lastname@example.org.
The advantages of CDG Global are the multiple account selections, trading instrument options, and flexible leverage levels.
However, WikiFX does not have a good impression of CDG Global because the company has several shortcomings, including an invalid company registration number, no regulatory protection, no online customer service chat function, and unnecessary charges.
Although CDG Global is an established company, WikIFX does not recommend it to our users.
Want to start trading? How much are you ready to invest as a beginner? Before taking any further action, read this article thoroughly.
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