CFDs100 Review Scam Complaint
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CFDs100 is a newly established forex and CFD broker in the market. The broker is not regulated from any financial regulator and even does not present its offer well. The broker CFDs100 is owned and operated by TRSystem Ltd. The owner company TRSystem Ltd is registered in Estonia and this too is not registered with any of the regulatory agency or government agency. The broker CFDs100 has not disclosed much important information like spreads, minimum deposit requirements, etc. read the below given review before investing with this broker.
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About the CFDs100:
CFDs100 is a new broker in the market who along of being unregulated has not disclosed important details for trading with it. The broker offers its clients a good range of choice of currency pairs, as well as many CFDs on commodities, a few specific stocks, indices and even the popular Bitcoin. When you consider the website of the broker you will see the option of “Download MetaTrader4” button on the broker’s website but when you click the button it does not work. Nonetheless, if the broker is providing the live account holders this platform, this is definitely considered an advantage for CFDs100. The trading platform MT4 is loved by many traders globally for its reliability and great functionalities.
The broker CFDs100 offers its clients a good leverage ratio of up to 1:200, which will be enough for most of the traders but is not dangerously high. But it is always advisable for the beginners to use lower ratios for better risk management. The broker has not mentioned the trading conditions on the website which is a big disadvantage as clients of any broker should know what its company is charging for its services in advance. CFDs100 on its web based platform has EUR/USD spread fixed at 3 pips. This spread is a very high level compared to the average of current forex environment, as most of the brokers offer fixed spreads at 2pips.
Is CFDs100 legit or scam?
CFDs100 is an unregulated Estonian shady broker that hides some of the most important information from its clients. The broker has no credibility as the Bank of Lithuania has put CFDs100 in its list or warnings against the entities that don’t have the right to provide services of investments in Lithuania. Therefore, the broker is nothing less than a scam and we would advise the traders to stay away from this broker.