CFD Corporate Review

Is CFD Corporate Scam or Legit Broker?

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 and might operate its services from an absolutely different location.

What is CFD Corporate?

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 phone number. CFD Corporate is owned and operated by Mpower Technologies Ltd – a 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.

CFD Corporate Review Conclusion

We strongly advise opening a trading account only with brokers that are regulated by respected world authorities that comply with the required set of rules and have 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 BlackBull Markets and FBS (Read about FBS Trading).

CFD Corporate Update

Our findings showed that CFD Corporate is no longer active. The broker’s website is unavailable to reach. Besides, there is no evidence of whether the broker operates or not. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations.