CDG Global is a forex scam website established in Malaysia in 2019. It primarily offers investors services for trading Contracts for Difference (CFDs) in forex, stocks, commodities, energy, indices, metals, and more. The company is headquartered in Kuala Lumpur. The official website for the company is https://www.cdgglobalfx.com/en/, and the website supports multiple languages, including English, Spanish, Hindi, Hungarian, Indonesian, Italian, Portuguese, Thai, Vietnamese, Simplified Chinese, Malay, and Traditional Chinese. The company operates globally.
Corporate Background and Regulatory Status:
According to their official website, CDG Global has two registered entities in Saint Vincent and the Grenadines: CDG Global Limited and CDG Global LLC, with registration numbers 24993 and 1726, respectively. However, there is no information available about these entities on the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) website. Additionally, it has come to our attention that CDG Global has been included in the investors' warning list by the Securities Commission Malaysia.
Furthermore, during the investigation process, Traderknows discovered a forex broker associated with CDG Global called HTFX. While HTFX holds financial licenses from the FCA and CySEC, it provides services to retail clients through an unregulated company based in Saint Vincent and the Grenadines.
Market Instruments:
Forex: The forex market involves the buying and selling of currencies from different countries. Investors can trade in the forex market through HTFX.
Stock CFDs: Investors can trade contracts for difference on the stocks of different companies through HTFX, allowing them to speculate on stock price fluctuations without owning the actual shares.
Energy CFDs: Energy CFD trading involves financial derivatives related to commodities like crude oil and natural gas.
Commodity CFDs: Commodities play a vital role in the global market, and trading them allows diversification in investment portfolios.
Index CFDs: Indices are used to measure the performance of specific industries or a collection of stocks from well-known and widely recognized companies.
Metal CFDs: Metal CFDs are financial derivatives traded based on the future price fluctuations of metals like gold and silver without physical ownership.
Account Types:
CDG Global offers five different types of trading accounts, including ECN GOLD, ECN PLATINUM, ECN DIAMOND, STANDARD ACCOUNT, and ISLAMIC ACCOUNT. All these accounts offer trading in forex currency pairs, commodities, metals, indices, energy, and stocks. They allow the use of Expert Advisors (EAs), have a minimum trading volume of 0.01 lots, offer a 100% margin call level, set a stop-out level at 60%, and provide account management services. The key differences between these accounts are:
ECN GOLD Account: Requires a minimum deposit of $500, charges overnight interest, offers a maximum leverage of 1:500, and charges a $10 per lot trading fee.
ECN PLATINUM Account: Requires a minimum deposit of $20,000, charges overnight interest, offers a maximum leverage of 1:500, and charges a $7 per lot trading fee.
ECN DIAMOND Account: Requires a minimum deposit of $50,000, charges overnight interest, offers a maximum leverage of 1:200, and charges a $4 per lot trading fee.
STANDARD ACCOUNT: Requires a minimum deposit of $50.
Trading Platform:
HTFX offers two trading platforms for users, namely MT4 (MetaTrader 4) and MT5 (MetaTrader 5).
Customer Support:
Users can contact the broker via phone at 0060 087504154 and through email at cs@cdgglobalfx.com. For further assistance or inquiries, investors can also use the "Contact Us" option on the broker's official website.
Summary:
CDG Global is an unregulated black platform, and it has launched the related platform HTFX. Traderknows advises investors to stay away from both platforms to avoid financial losses. Currently, this broker is marked as "illegal" on Traderknows.
