WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

CFDIZ

Saint Vincent and the Grenadines|2-5 years|
High potential risk|

https://www.cfdiz.com/cfdiz

Website

Rating Index

Contact

+44 2080 896 417
support@cfdiz.com
https://www.cfdiz.com/cfdiz

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 2080 896 417

Other ways of contact

Broker Information

More

Company Name

CFDIZ

Abbreviation

CFDIZ

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

CFDIZ · WikiFX Survey

Users who viewed CFDIZ also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

FBS

8.77
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)
Official website

STARTRADER

8.63
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

EC Markets

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

CFDIZ · Company Summary

Note: CFDIZs official site - https://www.cfdiz.com/cfdiz is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

CFDIZ Review Summary in 9 Points
Founded 2019
Registered Country/Region Saint Vincent and the Grenadines
Regulation Not regulated
Market Instruments Forex, stocks, commodities, and precious metals
Demo Account Unavailable
Leverage 1:400
Trading Platform MetaTrader4
Minimum Deposit $1,000
Customer Support Phone: +442080896417; Email: support@cfdiz.com

What is CFDIZ?

CFDIZ is an offshore broker specializing in Contracts for Difference (CFDs). They offer a wide range of forex currency pairs and CFDs on other assets. Investors can choose from four different account types to potentially suit their trading styles. CFDs are complex instruments that carry a high risk of loss due to leverage. CFDIZ offers leverage up to 1:400, which can magnify both potential profits and potential losses. They utilize the popular MetaTrader 4 platform for trade execution. It's important to be aware of the risks associated with CFD trading and the regulations of offshore brokers before considering CFDIZ.

CFDIZ

Pros & Cons

CFDIZ presents a mixed bag of features for traders. On the positive side, it offers a diverse array of trading instruments, including forex, stocks, commodities, and precious metals, catering to traders with varied interests and investment strategies. Additionally, the support for MetaTrader 4 (MT4) is a significant plus, as MT4 is widely recognized for its advanced charting tools, automated trading capabilities, and user-friendly interface.

Pros Cons
Wide range of trading instruments Unavailable webiste
MT4 offered Not regulated
High minimum deposit

However, there are notable downsides. The unavailability of their website raises concerns about accessibility and continuous service reliability. Furthermore, CFDIZ is unregulated, which significantly increases the risk as it lacks oversight from financial authorities that ensure transparency and protect trader interests. The minimum deposit requirement of $1,000 might also be prohibitively high for new or casual traders looking to test the platform without committing a substantial amount of capital.

These factors combined make CFDIZ a potentially risky choice for traders seeking a stable and secure trading environment.

Is CFDIZ Legit?

CFDIZ raises several red flags regarding its legitimacy. It lacks any valid regulation, and the government of St. Vincent and the Grenadines (SVG), where CFDIZ is located, has publicly stated they don't regulate Forex trading. This absence of oversight increases the risk of potential misconduct.

No license

Furthermore, there have been reports of CFDIZ targeting traders in Spain without proper authorization, according to a warning from the Spanish financial watchdog CNMV. Additionally, some online reviews express concerns about potential commingling of funds, where the broker might mix client and company money.

Market Instruments

CFDIZ offers a broad selection of tradable instruments. This includes 50 currency pairs, encompassing major pairs like EURUSD and GBPUSD, along with less common minor and exotic pairs like USDSEK and USDRUB. Beyond forex, CFDIZ provides Contracts for Difference on various asset classes, including stocks, commodities, and precious metals.

This variety allows investors to potentially build diversified portfolios and capitalize on opportunities across multiple markets. However, it's important to remember the inherent risks associated with CFD trading, especially considering CFDIZ's lack of regulation (as mentioned previously).

Account Types

Account Type Min. Deposit
Classic Account $1,000
Gold Account $10,000
Platinum Account $25,000
VIP Account $100,000

The minimum deposit to open an account varies significantly, potentially limiting accessibility for some investors. A $1,000 minimum applies to Classic accounts, potentially suitable for beginners. However, progressively larger deposits are required for higher tiers: $10,000 for Gold, $25,000 for Platinum, and a substantial $100,000 minimum deposit for VIP accounts.

Leverage

CFDIZ offers a uniform leverage ratio of 1:400 across all its account types, including Classic, Gold, Platinum, and VIP. While high leverage can amplify potential profits, it can also significantly magnify potential losses. It's crucial to understand the risks involved in leveraged trading before using CFDIZ's high leverage offering.

Trading Platform

CFDIZ provides the industry-standard MetaTrader 4 platform for trade execution. However, there is a significant drawback: CFDIZ doesn't offer a downloadable version of the platform, preventing potential clients from trying it out with a demo account. This lack of a demo can make it difficult to assess the platform's functionality and suitability for individual trading styles. Additionally, CFDIZ omits crucial information on their website, such as spreads, which are essential for understanding trading costs.

Deposits & Withdrawals

CFDIZ has tiered account structures: Classic, Gold, Platinum, and VIP. The minimum deposit requirement acts as a significant barrier to entry, increasing substantially between tiers. Starting with a $1,000 minimum deposit, Classic accounts may be suitable for beginners with limited capital. However, for those seeking potentially higher benefits, Gold, Platinum, and VIP accounts require progressively larger deposits of $10,000, $25,000, and a staggering $100,000 minimum deposit respectively.

Unfortunately, CFDIZ remains tight-lipped about the specific advantages associated with each upgraded account tier. This lack of transparency makes it difficult to assess the value proposition of higher tiers beyond the potential for exclusive features. When funding your account, CFDIZ offers credit card deposits for a familiar payment method. However, they also accept deposits through As4Bit, a cryptocurrency that has raised regulatory concerns.

Customer Service

CFDIZ offers customer support via phone and email for inquiries.

Phone: +442080896417

Email: support@cfdiz.com

Conclusion

CFDIZ presents itself as a forex and CFD broker with a variety of account options and a wide range of tradable instruments. However, there are significant drawbacks to consider. First and foremost, CFDIZ lacks regulatory oversight, raising concerns about potential misconduct. Additionally, high minimum deposit requirements and a lack of transparency around account benefits make CFDIZ less accessible and trustworthy. While the MetaTrader 4 platform is a positive, the absence of a demo account and essential information like spreads makes it difficult to assess trading costs and platform suitability.

Frequently Asked Questions (FAQs)

Question 1: Is CFDIZ regulated?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: Does CFDIZ offer demo accounts?
Answer 2: No.
Question 3: Does CFDIZ offer the industry leading MT4 & MT5?
Answer 3: Yes. CFDIZ offers MT4.
Question 4: What is the minimum deposit for CFDIZ?
Answer 4: The minimum initial deposit to open an account is $1,000.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

Review 1

1 Comments
Write a comment
All(1) Latest Exposure(1)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com