CFDxp Review Scam Complaint
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CFDxp is an offshore forex and CFD broker with a major focus on crypto trades. CFDxp is an unregulated broker owned and operated by FBR Investments Ltd which is a company registered in Dominica. As not much information is provided on the website of the broker, CFDxp seems to offer a single type of account for trading. Though the trading conditions and trading platform provided by the broker seem attractive but the case is not the same to know why, read the full review.
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About the CFDxp:
CFDxp is an unregulated broker based somewhere in Dominica. The product portfolio of CFDxp’s covers various asset classes, including commodities, indices, various stocks and a wide range of cryptocurrencies. All of these assets are offered in the form of Contracts for Difference that means CFDs, but you will not found any forex pairs, such as EUR/US. When the cryptocurrecies are concerned, CFDxp offers some of the very popular cryptos like Bitcoin, Riple, Ethereum, Litecoin, Monero, USDT, Zcash, as well as some lesser known altcoins. But, the broker is neither reliable nor licensed for this. The point where the broker has made a bad impression is the fact that it leaves a lot of important details unmentioned. Potential clients and traders won’t find this fair as they don’t know which types of accounts are there, what are the differences between them, what is the minimum deposit required, etc.
The trading platform offered by the broker is not MT4 but rather a web based simple platform. The platform lacks a lot of charting tools and features that will ultimately affect the trading experience of the client. When the payment options provided by the broker are considered, there are no details regarding that mentioned on its website.
Is CFDxp legit or scam?
CFDxp is an offshore unregulated broker which is already enough to say that your money is not safe with them. But, there are still many things that point towards he broker being a scam. The shadiness of the broker, the unusual website, and mentioning only what assets it is offering is nothing but a trick to lure more and more clients. Moreover, the broker is a newly launched broker that does not offer trading in forex pairs but focuses on crypto. Considering all the facts of the broker it would be suggested to not trade or invest with this broker as it has no regulatory over it.