CFD World Review

CFD World

C.W. CFD World is a registered brand name of Goldenburg Group Limited. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 242/14.

CFD World offers clients the opportunity to trade CFDs on 63 currency pairs, shares (of companies from Czeck Republic, France, Germany, Hong Kong, Hungary, Italy, Japan, the Netherlands, Switzerland, UK and USA), 23 commodities, and 15 global indices. You can also buy physical shares (71 European and 112 US) but keep in mind there is a management fee of 2%/lot traded. The typical spread for the EUR/USD pair is 3 pips, which value is on the upper range for the pair.

Customers can trade on the newer MetaTrader platform – version 5. In addition to all popular MetaTrader 4 features, the new opportunities for traders have been added. There are six new types of pending orders, you can export your transaction history to Microsoft Excel and can trade on a smartphone or tablet with an Internet connection. It will suit every beginner and experienced trader. Clients can feed their accounts by credit/debit card or by bank wire. There is an inactivity fee of EUR40 per month if you have not been trading for more than 6 months.

Training materials can be found in the Education section of the website. There is also a “News” section, but it is completely outdated.

The legal documents show that all retail clients are covered by the Negative balance protection and they cannot lose more than the funds they have in their account. It turns out that stop loss orders are not guaranteed. It is written: ‘Placing a Stop Loss will not necessarily limit the Client’s losses to the intended amounts, because market conditions may make it impossible to execute such an Order at the stipulated price. In addition, under certain market conditions the execution of a Stop Loss Order may be worse than its stipulated price and the realized losses can be larger than expected.’ All orders are subject to slippage and can be filled at the first available market price. The company also explains that it uses the Straight Through Processing (STP) model for order execution. This means it is connected to one or multiple liquidity providers and forwards the trades of its clients to the liquidity provider that currently offers the best price. Further, a liquidity provider might forward a client’s order to another liquidity provider in chain or execute the order itself.

Overall, this is a strictly regulated company that offers many trading assets through one of the most popular platforms (MT5). It acts as an STP brokerage company that covers all clients with negative balance protection. However, the spread is wider than usual and there are additional fees.