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Broker Cfd

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Operating status: SCAM

Website: https://mst1.brokercfd.xyz/index

Broker violations and abnormal records
  • 2023-09-05 BrokersView has Reviewed that Broker Cfd is an Unregulated Broker

    According to its website, Broker Cfd claims to be regulated by the Australian Securities & Investment Commision (ASIC). However,there is no matching information was found in the ASIC.

    The truth is that Broker Cfd is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. 

    Therefore, Broker Cfd is a scam.

    According to its website, Broker Cfd claims to be regulated by the Australian Securities & Investment Commision (ASIC). However,there is no matching information was found in the ASIC.The truth is that Broker Cfd is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, Broker Cfd is a scam.

Related Complaints

Q&A

Will Broker Cfd put clients' funds in a segregated bank account?

Ross Goldsmith
Tahiti
2023-10-12
ANSWER Broker Cfd is a fraudulent trading platform and its goal is to steal money from investors. So it couldn't provide such protections as holding customers' funds in segregated accounts.Broker Cfd's false statement about its regulatory status is a testament to its fraudulent nature. It claims that it is operated by the company Index Cfd Global Pty Ltd which is regulated by the Australian Securities and Investments Commission (ASIC). However, no matching records exist in the register of the ASIC. Therefore, it falsely claims to be licensed by a governing body and operates without the required authorization.Therefore, we strongly suggest investors stay away from Broker Cfd. Entrusting the platform with funds and personal information is dangerous. Without regulatory oversight, individuals dealing with Broker Cfd are exposed to fraud and identity theft, which could be financially and personally devastating. To mitigate such risks, it is advisable to choose a fully regulated broker instead.
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