Opening the website of CDG Global, we were overwhelmed with the scam feeling. Seeing a broker that so transparently offers clients cashback and bonuses instead of some trading conditions, such as low spread or appropriate leverage, means that they have nothing else to offer.
Yet, we didn’t give up. We moved forward and did our CDG Global review.
Broker status: | Regulated |
Regulated by: | ASIC, CySEC |
Scammers Websites: | https://cdgglobalfx.com/ |
Owned by: | CDG Global Limited |
Headquarters Country: | Labuan, Australia, Cyprus |
Foundation year: | 2017 |
Supported Platforms: | MT4, MT5 |
Minimum Deposit: | $50 |
Cryptocurrencies: | Yes – BTC, ETH, LTC – total 3 |
Types of Assets: | FX, commodities, indices, shares, cryptocurrencies |
Maximum Leverage: | 1:500 |
Free Demo Account: | Yes |
Accepts US clients: | No |
Site grid: | www.cdgglobaleu.com www.cdgglobal.com.au |
CDG Global Regulation and Security
Here we come to a hard one. Where is CDG Global regulated, and how? Since the company has 3 different entities, their operation reminds many of ForexMart and other brokers that have regulations and own a scam entity.
CDG Global has its offices in Labuan, Cyprus, and Australia and holds regulations by CySEC and ASIC. However, what happens with the Labuan entity? Who are they regulated by? And what should investors do if they are assigned with this particular one?
Since the broker can assign clients according to his own discretion, you can never be sure under which jurisdiction you belong, and are you dealing with a bogus or legit operation.
Fund Withdrawal Issues
Suppose you started trading with CDG Global and invested a minimum of $50. And suppose everything goes tremendous, and you’ve made some profit. How will you withdraw this profit to your bank if you have no idea to which regulatory jurisdiction you belong, if any? How to know which documents to submit and what to do?
According to many CDG Global reviews, clients are experiencing severe withdrawal issues. Do not fall for the CDG Global scam also stay away from brokers ApmeFX, Eurivex, TeraFX.
Traders Opinion
As mentioned, clients do not have the best opinion about CDG Global forex broker. They are frustrated that they go from one support to another, begging for their own profits and being declined. Moreover, the broker is not known for its professionalism and good behavior. According to reviews, if clients want something that company is not willing to provide, they are getting silent treatment and suspended accounts.
Very decent behavior for allegedly regulated operation.
How Does Online Trading Scam Work?
Have you ever had experience with trading, you know that the first step is signing up for an ad about investing. After this step, you are trading, being provided with a platform, such as MT4 or MT5. And once you make a profit, the point is to withdraw it. Some brokers are conducting scams at the very start, taking money from your card or bank account and disappearing.
Others have more sophisticated tools, keeping you in the trading loop for years without withdrawals and any profits.
If you recognize yourself in this story, report it immediately.
Scammed by CDG Global?
If you were scammed by CDG Global or any other unscrupulous brokerage, there’s a way of getting your money back. Do not get desperate, and do not hesitate to start the refund process now. File a dispute and request a chargeback.
But what is a chargeback? A chargeback is a bank process of refunding money from the merchant in case you were scammed online. Our company recently resolved many similar issues, and we would love to hear your story too. You are not alone.
Contact us via chat, and let’s get the funds back.
What is CDG Global?
CDG Global is an online trading brokerage based in Labuan, Cyprus, and Australia.
Is CDG Global a scam?
CDG Global has an offshore entity which is always a scam indicator since it’s unregulated.
Is CDG Global regulated?
Two of CDG Global entities are regulated, while the one in Labuan is not.