Note: CFD2FXPRO official site - https://cfd2fxpro.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is CFD2FXPRO？
CFD2FXPRO, abbreviation for Lion Finance Ltd, is an online trading platform based in the UK but operated offshore in St. Vincent and the Grenadines. It offers a diverse array of market instruments including Forex pairs, Precious metals, Stocks, Global indices, Commodities and Crypto to traders. However, the non-regulatory status raises doubt about its compliance and trustworthiness, coupled with an inaccessible website, prompt concerns.
This article conducts a thorough assessment of CFD2FXPRO's services, we encourage potential users to read on for a comprehensive understanding if interested. The review concludes with a succinct summary, emphasizing key platform features for quick reference.
Pros & Cons
Pros:
Diverse Range of Market Instruments: CFD2FXPRO offers a broad array of market instruments, including Forex pairs, Precious metals, Stocks, Global indices, Commodities, and Crypto, providing traders with various options for investment and diversification.
MT4 Trading Platform: The inclusion of the widely used MT4 trading platform enhances user experience, offering familiarity and robust features.
Flexible Leverage Ratios: Traders benefit from flexible leverage ratios up to 1:300 for different account types, allowing for customized risk management strategies.
Multiple Account Types: CFD2FXPRO provides multiple account types, Micro Account, Standard Account, and Gold Account, catering to diverse trader preferences and experience levels.
Cons:
Unregulated: The lack of regulatory oversight raises concerns about the platform's adherence to industry standards, potentially exposing users to increased risks.
Website Inaccessible: The current inaccessibility of the website hinders users from conducting necessary research and transactions, impacting overall usability.
Lack of Transparency: Insufficient information about the platform's operations contributes to a lack of transparency, leaving users in the dark about crucial details.
Offshore operated: Being operated offshore may pose challenges in terms of legal protection and accountability, requiring users to exercise caution.
Relatively High Minimum Deposit: A comparatively high minimum deposit at EUR 250 may deter potential traders with limited initial capital, impacting accessibility for some users.
Is CFD2FXPRO Safe or Scam？
When considering the safety of a brokerage like CFD2FXPRO or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: Presently, the broker operates without credible regulatory oversight, casting doubt on its legitimacy and reliability. The unavailability of the broker's website exacerbates these concerns, heightening apprehensions about transparency and user accessibility.
User feedback: To get a deeper understanding of the brokerage, it is suggested that traders explore reviews and feedbacks from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms.
Security measures: Currently, there is no publicly available information regarding the security measures implemented by this broker.
In the end, the choice to trade with CFD2FXPRO is a personal one, requiring a thorough assessment of the advantages and disadvantages before making a final decision.
Market Instruments
CFD2FXPRO boasts an extensive offering of over 400 trading instruments, encompassing a diverse range of assets. From traditional markets like forex pairs, precious metals, and stocks to global indices, commodities, and cutting-edge cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, and Ripple, the broker provides a robust selection.
This broad spectrum allows traders to explore various markets, tailor their portfolios, and capitalize on opportunities across both established and emerging financial landscapes.
Account Types
Micro Account, Standard Account, and Gold Account are the three distinctive offerings from CFD2FXPRO, each tailored to cater to varying trader needs.
With minimum deposits of EUR 250, EUR 5,000, and EUR 20,000, respectively, these account types afford users flexibility in choosing an account that aligns with their trading goals and financial capacities. Whether starting small or aiming for advanced features, CFD2FXPRO accommodates a wide range of traders through its diversified account options.
Leverage
CFD2FXPRO presents three account options—MicroAccount, Standard Account, and Gold Account—with varying leverage ratios of 1:100, 1:200, and 1:300, respectively.
However, while leverage can generate potential high returns, it at the same time will cause substantial loss when trade against you during market volatility, thus traders should approach higher leverage with careful consideration, aligning it with their risk tolerance and overall trading strategies. Prudent use of leverage is crucial to safeguarding investments and ensuring a more sustainable and controlled trading experience.
Trading Platform
CFD2FXPRO enhances the trading experience by offering the widely acclaimed MetaTrader 4 (MT4) as its primary trading platform.
Renowned for its user-friendly interface and robust features, MT4 provides traders with advanced charting tools, technical analysis capabilities, and automated trading options. The platform's stability and reliability make it a preferred choice for both novice and experienced traders. CFD2FXPRO's adoption of MT4 provides a seamless and efficient trading environment, empowering users with the tools needed for informed decision-making and strategy implementation in the dynamic world of online trading.
Customer Service
CFD2FXPRO offers a comprehensive customer support system through multiple channels, including email, phone, and a physical address. Traders can leverage email communication for detailed queries, connect with the support team through phone assistance for real-time guidance, and even reach out to the company at its physical address for a more traditional approach.
Email: support@cfd2fxpro.com.
Phone: +447520665025.
Address: C/O Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines.
Conclusion
In conclusion, CFD2FXPRO, registered in the UK while offshore operated in St. Vincent and the Grenadines, provides a wide array of trading options encompassing Forex, Precious metals, Stocks, Global indices, Commodities, and Crypto. Nevertheless, the platform's inaccessible website and lack of regulatory oversight are significant drawbacks.
Prospective traders are urged to carefully weigh these concerns and potentially commence with smaller investments. It is essential to prioritize prudent risk management practices in trading and explore alternative platforms that offer transparency and regulatory compliance for a more secure and reliable trading experience.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
