CFDDesk Broker Summary
- Overall Rating
Here at The Next Bitcoin you can learn about many trading platforms, one of them is CFDDesk, we have concluded that CFDDesk is a good trading platform, it is NOT a scam! Read our CFDDesk review today and learn all you need to know about the CFDDesk trading platform and why we recommend it for all traders.
If you are struggling to live a good life, you should consider trading with CFDDesk as it is one of the best versatile brokers out there. You will read a comprehensive CFDDesk review given below with detailed information.
Businesses have always been preferred over jobs because businesses have always promised high returns while giving people the type of time freedom they want. People have been doing business throughout history to make up their livings, but when we compare the business in the past with the current business scenario, we come across many interesting facts due to which the overview of the current global markets has been entirely changed. One of these facts is the conversion of physical trading businesses to digital and online ones. Till the 20th century, only the physical business world was known, and no one had ever thought of earning through online business. But now, with the introduction of technology in every field, things are gradually becoming easier. One of the biggest revolutions in this regard is the incorporation of technological tools in the trading business where online trading is ensured through hi-tech trading platforms. With every passing day, new and more business-friendly policies have been introduced in online businesses to attract maximum traffic on such a digitally-oriented trading platform.
Recent International lockdown as a result of the global pandemic situation added fuel to the fire where people had the only option to generate some earning sources by using online platforms. From financial and non-financial institutions to the big government organizations, significantly large and new business players are moving on to adopt online technological trading tools as their future careers. With an increasing trend in the adoption of online trading careers, some remotely located traders are filling up space who don’t even have any background information about this market. The beauty of this market is that you don’t need any previous education or experience to start your career. You just need an initial investment to start with. After that, you can get both experience and skills by spending some time in the market.
When we talk about beginners, educated or illiterate, the only thing that matters for them is market awareness because the online trading market is full of risks, and one can lose money. If you are not aware of the market’s pros and cons, you will have nothing but an amount of time to regret it. To deal with such market risks, you must have a comprehensive analysis of the market systems, a considerable amount of experience, a sound approach to financial systems, and a strategic framework of effective trade execution.
Another important and crucial point is that your success in web trading depends on the trading platform you select as your future partner. Online markets offer you a chance to become wealthy in a short time, but a good marketing strategy is to nominate a reliable trading partner with user-friendly trading conditions. Gone are the days when investors were provided with limited conditions by the brokerage. Now, brokers find the investors to select their trading platform.
All the above-mentioned points are the basis for the brokerage firm that I am going to discuss today. This review is based upon the firm’s genuine statistical data so that you may not feel any difficulty while making your decision in the end.
CFDDesk was created back in 2018 to provide the investors and traders with services that were not easily accessible in the market and were not provided by most brokers. It is a smart thing to consider looking into the company’s ethical and customer policies to understand and make a wise decision. Some companies believe in only providing their users with the latest technology, and some only works on the customer facility, and that is the right thing to do, but to be able to prosper, you need a company that is built to focus on all the aspects that are involved in trading.
The CFDDesk had focused on three basic principles while establishing this firm. These principles include providing investors the best of the best trading experience. Secondly, they focus on providing traders with simple and easy access to liquidity. Lastly, they provide efficient risk management features that ensure the safety of your funds and investments. Although CFDDesk is quite young in the market compared to other firms, still it has managed to get the attention of many investors around the world due to policies and has become a top brokerage firm in South America in a short amount of time.
Synchronization of CFDDesk with Regulatory Bodies
With public access to the internet and other technological tools, the rate of cybercrime and online theft has also increased at the same speed. Similarly, with the presence of a large number of brokers in the market, most of them have not even consulted the regulatory bodies for getting their regulation permission. These brokers are, without any doubt, scam and are there to victimize their customers. A surprising fact in the market is that scam artists have filled more space than legitimate and regulated brokers.
Due to this reason, the regulatory bodies have fixed some mandatory requirements and necessary measures. These requirements must be fulfilled by any organization which is going to launch and carry their product to its targeted consumers. These policies are usually named KYC and AML.
Talking about the CFDDesk, it is a legitimate and registered brokerage firm working with the license from FSA Seychelles; in short, the firm is working by completely obeying the terms conditions under the monetization of the financial institution.
CFDDesk KYC Policy
One of the main rules enforced by the CFD Desk is that the users are not permitted to trade on this platform until they provide the legalized document. The documents required are generally about the proof of identity, your background, and the source of your funds. These are asked at the time of registration to avoid any future conflict. And so you are obliged to do the same to start trading with them.
Also, during the withdrawal and deposit of funds, you will be asked to enter the bank account details, but that depends on the payment method you choose. But don’t worry about the privacy of your information, as it will be well-protected. CFDDesk uses the best encryption technology along with a firewall system to protect customer’s private information against any cybercriminal activity, like identity theft or misuse of client’s data. To be sure, you are provided with the authority to verify the SSL certificates of their site.
CFDDesk AML (Anti-Money Laundering) Program
These days, it is common to know that several brokerage firms and trade organizations are using their customers’ funds for illegal purposes, like in the financing of terrorism, selling and buying of drugs illegally, and unauthorized transactions between scams wallets, etc. Everything is done by using deposits and withdrawal methods offered by certain websites. As a result, the whole portfolio of that potential organization is kicked off in the market. Organizations can even lose their licenses.
One of the amazing AML measures of CFDDesk is that the investor can deposit and withdraw his funds only with the same name and details of their bank account and the trading account they have registered with the broker.
Hence, following the “Anti-Money Laundering” policy not only clear the fact that but the platform of CFDDesk also cannot be used for the sake of unauthorized money transactions but also is a source of developing trust and confidence between the company and its users.
Funds and Personal Information Protection
When you select a broker for your trading career, your immediate concern after your information’s privacy should be the security of your funds. Just like in the case of financial services firm, making the right call by considering every aspect is also important in the case of choosing a broker. It is remarkable how CFDDesk manages to separate the funds from that of investors.
The separate accounts will be domiciled with banks and will operate under insurance coverage. This will ensure double security of the investor’s funds and security of their money. Although the security will be provided to you, however, the 2-factor authorization system will be entirely up to you to activate. This 2-factor system does not only protect but also adds an extra protection layer to your capital.
Multiple Trading Assets Offered by CFDDesk
A new trend has been set in the recent past which is becoming popular in all the market especially in the forex market. A customer-friendly platform always facilitates its customers with many options where customers have multiple sources of generating maximum profits. Unfortunately, most of the market’s trading platforms are still reluctant to share a large variety of financial instruments with their customers. The case of CFDDesk is unique from others in the market because the brokerage is providing a large variety of financial trading tools to its clients.
From stocks to commodities and indices to even cryptocurrencies in the Forex, the CFDDesk has proved to be a one-stop-shop for its traders. Now you were wondering how beneficial it can be? If you want to develop a prolonged and successful portfolio in the trading market, you must not neglect the golden secret of diversification in the business. Due to this reason, a good strategy is to sign up with such a trading platform where you find a facility to invest and trade in multiple financial assets. A few of them are discussed below.
CFD trading is the type of derivative trading in which you bet on the future starting and closing prices of contracts. This difference is made through funds rather than physical goods. The difference is referred to as the spread.
Except for cryptocurrencies that I will discuss further, all assets traded on the platform of CFDDesk are traded through CFDs. Therefore, you can make an investment based on the market prediction of long and short-term prices of assets of high-end companies like Google, Apple, and Microsoft, etc. Consequently, you will have the opportunity to profit through the increase or decrease in the assets and shares’ price values.
If we talk about the most active and the most liquid market in the world today, the only name we can have is the Forex market. Let’s talk about the credibility of this market. The per-day trading volume is surprisingly exceeding 5 trillion dollars which is no doubt more than any other market in the world. It is the marketplace where all the world’s currencies are traded, converted, and exchanged in pairs. Adding another value to this market’s grace, it is a place where you can generate the maximum financial revenue per day only if you are doing it logically and strategically. This is the reason why all the multi-millionaires, biggest financial institutions, international banks, and government organizations gather and close their markets by getting their desired profits every day. Due to this market’s highest trading volume and profit ratio, everyone would like to trade in this market. Therefore, CFDDesk has provided you a golden chance to try your luck. You can use the platform of CFDDesk to enter and start your trading career in this market. You don’t need to worry about your initial capital; rather, you will be awarded a 1:200 leverage ratio.
Investors who believe in expanding their business are the ones that get the most profit return and hence become more successful in the long run. For a new trader, I would recommend starting with the easy step like commodity trading and then expand your business. Or for instance, if you are currently trading in an asset like forex or crypto, try commodity trading and diversify your portfolio. This technique will not just add to your experience, but also it will help to multiply your profit.
Besides it being a more predictable platform and an easy profit source, traders worldwide are choosing this means of trading as it is simply based on two elemental factors: demand and supply volume. Thus if you are good at forecasting the availability and demand of raw materials such as coal, oil, etc., or even agricultural products such as sugar cocoa as per their corresponding supply, then CFDDesk will prove to be a perfect partner for you.
Index trading is essentially just like trading stocks. But in index trading, rather than trading the shares of one company, you will have the index position to trade the shares of many companies at one time. There are currently 17 such companies available at CFDDesk, with more indexes to be expected in the list.
Keeping in view the complexities of index trading, CFDDesk has provided informative and educative material on their website for investors that are looking to adopt this niche.
A State-of-the-art Infrastructure
A right broker with a right platform that is easy to use and technologically advance can be game-changing in the field of online trading. Besides providing you with insightful knowledge, tools, and daily insights on the activity and participation of you in the niches that were stated above, you are equipped with top-notch technology with an easy-to-use simplified system. That makes sure your overall trading experience will remain fruitful. Further, I will discuss more on the features displayed by the CFDDesk on their website.
The education center provided by the CFDDesk is the most advanced and exceptional feature that you can find in any broker in the market. To add more value, it is provided to their users free of any additional cost.
Even though most brokerage firms claim to provide educational material that is only elementary, and the more precise and up-to-date material is mostly reserved for their premium users. But that is not how CFDDesk runs; they offer free financial news, video chart section of the analysis, market summary, on-site calculators, and of course the main courses like ebooks and videos. Although taking these education materials would not guarantee your success rate. However, the chances to not make mistakes with outdated material will be improved, as it will inform you about the latest trends that will positively impact your trading.
World-Class Customer Service System
If you want to test broker loyalty, you can check the customer reviews on them. And CFDDesk is quite famous for its customer-friendly policies, which has made it the favorite of many investors. No matter the nature of the complaint, this broker will provide resolution to customer’s issues with professionalism.
With each passing day, as the number of traders stepping into the online trading market is increasing, so are the scammers. While many scammers will claim to understand traders and their needs, it is getting harder to identify them. But if you have ever worked with an authorized firm, you could easily identify them as the legit broker won’t have any hidden means of consuming money from your funding.