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Is CDG Global Scam or Legit Broker?

CDG Global is not a safe broker to invest in. The broker is located in Saint Vincent and the Grenadines with registration number 1726 LLC. CDG Global positions itself as a good and reliable broker with favorable offerings, however, it's common knowledge that Saint Vincent and the Grenadines is an offshore zone and does not provide enough protections for the trades to be called safe and secure.

• SVG FSA enables low set up requirements without requiring any business planning, management interview, or check of the company background. Thus, the registered company does not follow any strict guidelines, a handbook, or hold other regulatory obligations. This means, that by signing with SVG FSA -regulated brokers, traders risk their investments. Read our article about why to avoid Saint Vincent and the Grenadines registered brokers.

What is CDG Global?

CDG Global is a fast-growing broker focusing on B2B and institutional market segments. The company was founded by a team of FX industry veterans.

With CDG Global traders have an access to the most popular instruments; FX, Metals, Indices, Energies, Shares, Commodities, and Cryptos. The broker also enables STP/ECN technology. CDG Global offers a variety of trading accounts, including ECN and Islamic accounts.

• However, thorough research shows the other side of the coin. In fact, when it comes to the traders’ feedback, everything is not that bright. Traders report multiple issues regarding the safety of the broker, as well as issues with the withdrawal process.
• The broker’s website mentions low spreads and no additional commissions for a Standard account; however, the spread can be as high as 3 pips, which in itself is not a beneficial offering.
• CDG Global also mentions Negative balance protection on its website, however, offshore brokers do not commonly have negative balance protection, so this is perhaps one of the broker’s attempts to seem trustworthy and reliable.
• Trading environment, conditions, and safety are of utmost importance in Forex trading, and all of the mentioned are provided only by brokers that hold a license from the world's leading authorities, such as ASIC, FCA, or CySEC.
• And at last, the broker does not provide any address on its website which is a good ground for suspecious. The only contact information it provides is a phone number with a Malaysian code.  This might indicate that the broker is targeting traders from Malaysia. 

Overall CDG Global Ranking

Taking into account our revelations on the safety of CDG Global, we do not rank positively CDG Global, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and numerous negative reviews from traders.

• CDG Global Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

CDG Global Alternative Brokers

Based on our revelations of CDG Global safety and regulations issues, here are much better Alternatives to CDG Global with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below:   

• BlackBull Markets – Good for High Leverage Trading
• ThinkMarkets – Competitive Spreads
• IC Markets – Excellent cTrader Broker

Deposit & Withdrawal

With CDG Global traders have multiple options for funding their accounts, including bank transfers, credit cards, and e-wallets such as Alipay, Neteller,  Skrill, Ngan Luong, Help2Pay, PayTrust88, and FasaPay.

The broker mentions on its website that some funding methods might be unavailable in certain regions, so it’s up to the traders to check the availability of a certain funding method.

• The minimum deposit for the Standard account is $50.
• CDG Global does not charge any fees for the first 3 withdrawals. However, starting from the 4^th withdrawal request within the same month, there will be an additional fee charged.
• If there has not been trading activity on the account, the withdrawal will be charged 20 USD.

CDG Global Review Conclusion

We recommend avoiding offshore or unregulated brokers, as they do not provide a sufficient amount of protection. Trading with CDG Global might put your investments at risk. A significant amount of complaints from the side of traders only confirms our point.
We advise traders to invest only with brokers holding licenses from authorities alike UK’s FCA, Australian ASIC, or other similar regulators, that provide compensation and are strictly supervised. We advise signing in with reliable brokers such as XM, BlackBull Markets, and HFM.

• Overall ranking and experience for CDG Global is Negative

Is KonohaFX Scam or Legit Broker?

KonohaFX is not a safe broker to trade with. Although the broker tries to position itself as a trustworthy broker with favorable conditions, it still does not hold any licenses, which is an immediate red flag for any broker. Services offered by KonohaFX are questionable and non-transparent. Besides many traders claiming KonohaFX scam operations and fraudulent activity. 

• Traders should never forget that their investments are not protected by signing in with unregulated brokers. The companies lead their business however they find it appropriate and do not put the trader’s benefits before anything.

What is KonohaFX?

KonohaFX is an unregulated Forex broker that offers its services throughout the Forex, Crypto, Indices, and Commodities markets. The company states that it accepts clients worldwide, providing very low spreads, supportive customer 24/5 service, and other favorable conditions.  

However, all of the mentioned is just an attractive representation. In reality, the broker has many safety and regulation issues, that should scare away traders.

• Firms that do not hold any licenses are not reliable: they do not offer any level of protection, which is also the case of KonohaFX.
• On KonohaFX website, there is no mention of any type of regulation. Based on the contact information provided on the website, the broker is located in Cyprus (36 Aigyptou Avenue, 6030 Larnaca, Cyprus). However, to be able to provide financial services, a broker from Cyprus should hold a CySEC regulation, which in this case is absent. This means, that the broker might be a complete scam, and the perfect trading conditions it promises might be false.
• Besides, the broker also provides Australian and United Kingdom phone numbers, which probably means that it targets mainly United Kingdom and Australian clients. However, to be able to offer services in the mentioned countries, the broker needs to acquire FCA and ASIC licenses respectively.
• And, of course, like many other unregulated brokers, KonohaFX is infamous for its failed withdrawals. Based on numerous negative reviews and reports of a large number of customers, the broker aggressively urges the clients to make more investments before withdrawing their money. When it comes to the withdrawal itself, customer service suddenly becomes irresponsive.

Overall KonohaFX Ranking

Taking into account our revelations on the safety of KonohaFX, we do not rank positively KonohaFX, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and numerous negative reviews from traders.

• KonohaFX Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

KonohaFX Alternative Brokers

Based on our revelations of KonohaFX safety and regulations issues, here are much better Alternatives to KonohaFX with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

• BlackBull Markets – Good for High Leverage Trading
• Pepperstone – Low Spreads and Competitive Trading Conditions
• IC Markets – Excellent cTrader Broker

Deposit & Withdrawal

With KonohaFX there are two main types of funding trading accounts: Credit cards and Wire transfers.

The minimum deposit is $250.

• For withdrawing their funds, clients need to verify their identity. The traders also need to attach a color copy of their IDs, the color copy of their credit or debit cards they initially used for funding their accounts (both front and back), and evidence of the provided address.
• The minimum withdrawal amount is 100 USD/EUR/GBP.
• After providing the required documents, the withdrawal process will further take 7-10 working days on average.

KonohaFX Review Conclusion

We strongly recommend to avoid non-regulated or offshore entities and avoiding KonohaFX at all means in case any offer came up. There are numerous complaints from traders in different jurisdictions based on our finds so KonohaFX isn't a reliable Broker.

We advise traders to invest only with brokers holding licenses from authorities alike UK’s FCA, Australian ASIC, or other similar regulators, that provide compensation and are strictly supervised. We advise signing in with reliable brokers such as FP Markets, BDSwiss, and HFM.

• Overall ranking and experience for KonohaFX is Negative

Is Tradefx24 Scam or Legit Broker?

Tradefx24 is not a safe broker. The company is registered in Seychelles (Seychelles, Mahe, Providence, Rue de la Perle, Global Gateway 8). This means that the broker does not hold serious and top-tier regulations that will provide a secure trading environment. Despite the efforts to position itself as a trustworthy and well-regulated broker, Tradefx24 lacks in regard to its safety, and signing with it means putting your investment at risk.

• Seychelles is an offshore zone with very low requirements for registered companies. The cost of the license is very low and easily obtained. The Seychelles legislation does not provide strict rules and does not oversee the company's operation further on. So, we do not recommend traders trust their funds to a broker with an offshore license.

What is Tradefx24?

Tradefx24 offers a wide scale of services, including real estate, cryptocurrencies, startups, securities, exchange markets, alternative energy sources, etc. On its website, Tradefx24 states that the goal of the company is to generate income from the field of digital assets and expand the investment opportunities of any resource capacities. It boasts to have a unique and easy-to-use platform that offers a secure and loss-free environment for trades. However, through professional research, we have come to the conclusion that this is not the real picture.

• The first red flag about the company is the absence of a serious license. The company is registered only in Seychelles, which leaves the broker with only an offshore license.
• The next disturbing truth about Tradefx24 is the confusing and disturbing reviews about the withdrawal. Many clients complain about not being able to withdraw their funds. It seems the broker is only fixed on getting from its clients as much money as possible, by constantly asking for payments, in order to process the withdrawals, that most often fail to be processed.

Overall Tradefx24 Ranking

During our research we found multiple safety and regulation problems with Tradefx24, thus we do not rank positively Tradefx24, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• Tradefx24 Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Tradefx24 Alternative Brokers

Based on the issues we revealed about the safety of Tradefx24 here are much better Alternatives to Tradefx24 with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

• Tickmill – Variety of Funding Methods
• Capital Index – Low Spreads and Fees
• Trade.com – Good Trading Instruments

Deposits and Withdrawals

Tradefx24 offers three options for investment: beginner, smart start, and smart trade. Deposits differ based on these investment plans. For beginners, the deposit amount is varying between $100 to $999. For a smart start, the deposit plan reaches up to $5,000, and for the smart trade, it is between $5,000 to $14,900.

• Tradefx24 advises small investors to invest in any sector of the economy, by creating a joint corporate account of $50,000. Investors with more serious funds can invest in State projects, ICO projects, and stock markets.
• However, the Tradefx24 website provides little information on the deposit or withdrawal methods and steps, which is also doubtful.

Tradefx24 Review Conclusion

We strongly recommend avoiding offshore and non-regulated entities. We advise traders to invest only with brokers holding licenses from authorities alike UK’s FCA, Australian ASIC, or other similar regulators, that provide compensation and are strictly supervised. We advise signing in with reliable brokers such as FP Markets, BDSwiss, and HFM.

• Overall ranking and experience for Tradefx24 is Negative

Is Fullerton Markets Scam or Legit Broker?

Fullerton Markets is not a safe broker as it does not hold any serious license. On its website, the broker provides its address (Euro House, Richmond Hill Road, P.O. Box 2897, Kingstown, St. Vincent, and the Grenadines) which shows it is registered in St. Vincent and the Grenadines and does not provide proper safety terms and conditions. 

• Saint Vincent and the Grenadines (SVG) is a popular offshore jurisdiction for forex brokers due to its low set-up requirements and minimal regulation. However, the lack of regulatory oversight and lax requirements can also lead to potential risks for traders who choose to sign up with brokers registered with the SVG Financial Services Authority.

What is Fullerton Markets?

Fullerton Markets is a forex broker, offering also CFDs trading. Fullerton Markets is a forex broker that offers a variety of trading instruments to its clients, including currency pairs, indices, precious metals, and oil. Forex currency pairs are the main focus of the broker, with over 100 pairs available for trading, including major, minor, and exotic currency pairs.

• Although Fullerton Markets tries to position itself as a favorable broker with good conditions, it is not a regulated broker. It only holds an offshore license that does not provide full protection to its traders.
• Although being registered in an offshore zone, Fullerton Markets mentions segregated accounts. In reality, the segregation of accounts is a benefit that enjoys traders that sign with regulated brokers. Top-tier authorities, such as UK FCA, ASIC, and other well-known bodies require this from the brokers. However offshore brokers mostly do not have the benefit of segregated accounts.
• Fullerton Markets does not accept customers from Iran, Cuba, Sudan, Syria, and North Korea. The broker states on its website, that it follows the same rules that are applied in Hong Kong, Singapore, Japan, and the United Kingdom. 
• Besides, when having a better look, there are many negative reviews about the broker, especially where withdrawal is concerned. 
•  To avoid risks in trading, it is better to find a reliable broker with a license from a top-tier regulatory body. 

Overall Fullerton Markets Ranking

During our research we found issues regarding Fullerton Markets safety and regulations, thus we do not rank positively Fullerton Markets, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• Fullerton Markets Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Fullerton Markets Alternative Brokers

Based on our finds and issues with the safety of Fullerton Markets here are much better Alternatives to Fullerton Markets with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

• AvaTrade – Good for Currency trading
• InteractiveBrokers – Good for US Trading and Trading of Real Stocks
• FXTM – Good for Beginners

Deposits and Withdrawals

 It is possible to fund the accounts with multiple options, including MasterCard, Sticpay, Visa, and MasterCard bank cards; electronic payment systems such as Skrill, Neteller, FasaPay, etc.

• Funding a trading account takes about 1 business day. Bank transfers might take 2-5 business days.

• Withdrawal requests are finalized within 1 business day, while funds are transferred within 2-4 days.

Fullerton Markets Review Conclusion

We always recommend avoiding offshore and non-regulated entities. We advise firms to trade and invest only with brokers that are regulated by reputable authorities alike UK’s FCA, Australian ASIC, or other similar regulators, that provide compensation and are strictly supervised. We advise signing in with reliable brokers such as BlackBull Markets, XM, and BDSwiss. 

• Overall ranking and experience for Fullerton Markets is Negative

Is Eternal Wealth Group Scam or Legit Broker?

Eternal Wealth Group is a 100% fraud company. Although the broker claims to be regulated by ASIC under registration number 427848, in reality, there is no such entity registered by ASIC.

• We never advise trading with an unregulated broker, since the financial investment service they deliver is not trustable. The reason is simple; the broker promises competitive trading or a favorable trading environment, while the trader has no guarantee at all. Traders should trust their funds only to companies overseen by top-tier authorities.

What is Eternal Wealth Group?

Eternal Wealth Group is a forex platform provider. It seems the broker provides its services by two different names and websites - eternalwealthfx.com and fxtrading-hk.com. Both are unregulated companies with identical websites and the same information about fake regulations.

• The broker claims to have branches in the US and Hong Kong. However, for providing services in the mentioned locations, a broker needs to hold licenses from these country financial authorities - NFA and Hong Kong SFC (Read on the Wikipedia Page). Evidently, Eternal Wealth Group does not hold any of the mentioned licenses.
• Besides, for a broker operating since 2007, it does not have any reviews or any other kind of feedback from its clients, which looks quite suspicious and not very trustworthy. On the other hand, many of the leading world authorities, such as the Australian Securities and Investments Commission (ASIC) have already issued their warnings in regard to Eternal Wealth.
• In addition, there are many negative reviews on different platforms from people who have trusted their funds to the broker and lost their investments. Traders claim that they got favorable offerings to invest with the broker, after which both their funds and the contact person evaporated.

Eternal Wealth Group Review Conclusion

Based on our research, we claim Eternal Wealth Group to be a complete scam. It goes without saying that traders should avoid brokers like this by any means. We recommend signing in with only regulated and reliable brokers that hold licenses from well-known authorities, such as CySEC, FCA, or ASIC. Also, we advise trustworthy brokers such as HFM, FP Markets, and BlackBull Markets.

Eternal Wealth Group Update

Based on our research, the Eternal Wealth Group website is inactive. This means the broker has muted its trading offerings and does not operate. However, we recommend avoiding and staying alert in case of any proposals.