CFD Corporate Review

Is CFD Corporate a regulated forex broker or a scam?

CFD Corporate has been suspected as a scam broker. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

CFD Corporate is a Forex and CFD broker that claims to be located in Switzerland, but without being regulated by the Swiss Financial Market Supervisory Authority. The only contact information they provide is a Swiss phne number. CFD Corporte is owned and operated by Mpower Technologies Ltd – Cyprus based company that has no regulation as well. In order to get a license from CySec (Cyprus Securities and Exchange Commission) the broker has to have an office located in Cyprus. There is a low level of reporting and the taxes are quite reasonable. Initially, only $30,000 is needed and it takes about six months before the license is granted.

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

Yet, it is always great to hear your personal opinion about CFD Corporate. So you may share your experience or thoughts or discuss them below or ask us for additional information.