About CDG Global
CDG Global is a brokerage firm specialising in the B2B and institutional market sectors. Founded by a group of experienced traders, CDG Global offers its clients a wide range of trading instruments, including Forex currency pairs, precious metals, indices, commodities, stocks, energy and digital currencies. The brokerage supports STP/ECN technology and also offers community-based trading (such as MAM and PAMM).
Is CDG Global Trustworthy?
CDG’s official website indicates that CDG Global Limited was registered in St. Vincent and the Grenadines in 2003 under registration number 24993.
However, upon searching the company’s registration number on St. Vincent and the Grenadines Financial Services Authority’s Entity Name Search website,found no results.
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.
Types of accounts:
CDG Global offers 5 account types.
1) Standard Account: No handling fee. The minimum capital required to open an account is US$50. Maximum leverage is 1000 times.
2) Islamic Account: No handling fee and no swap. The minimum opening capital is USD 50. The maximum leverage is 1000 times.
(3) ECN Gold Account: The handling fee is $10 per lot. The minimum opening capital is $500. The maximum leverage is 500 times.
4) ECN Platinum Account: The handling fee is USD 7 per lot. The minimum opening capital is $20,000. The maximum leverage is 500 times.
5) ECN Diamond Account: The handling fee is USD 4 per lot. The minimum opening capital is US$50,000. The maximum leverage is 200 times.
In terms of leverage, CDG Global offers a maximum leverage of 1000 times.
Deposit and Withdrawal
At CDG Global, traders have various options to deposit and withdraw funds, including bank transfers, credit cards and e-wallets, such as Alipay, Neteller, Skrill, Ngan Luong, Help2Pay, PayTrust88, ThunderxPay, FasaPay and cryptocurrencies (Bitcoin and Tether) and others.
CDG Global offers 3 free withdrawals every month. However, starting from the 4th withdrawal request per month, the company will charge an additional withdrawal fee.
If there is no trading activity on the account for a long period of time, CDG Global will charge an inactivity fee of $20.
From Brokersview perspective: A qualified broker should not charge any fees for withdrawals or other aspects. Usually, brokers that do this do prioritise their clients as much, so users should think twice about trusting this company.
Conclusion
CDG Global has several shortcomings, including an invalid company registration number, no regulatory protection, no online customer service chat function, and unnecessary charges.Although CDG Global is an established company, does not recommend it to.