CFD Prime Review – Why Is cfdprime.com Broker A 100% Scam?

CFD Prime Fake Licence And Regulation Documents

As a beginning, CFD Prime claims to be registered in St. Kitts and Nevis. Note however that this offshore zone does not regulate forex brokerage activities, so it’s 100% certain that CFD Prime is not licensed nor supervised by the local financial authority.

Apart from that, this broker also claims to have several other offices including in South Africa, Cambodia and Cyprus. This however can’t simply be the case, since this firm is not regulated in either of these locations. For example we searched the registers of the Cyprus Securities and Exchange Commission (CySEC) but no record about CFD Prime was to be found.

And even though this broker claims to be reputable and trustworthy, don’t trust even a word it says. The absence of a legit forex license is a huge drawback that shouldn’t be ignored. Trading with such unregulated firms means that you won’t be able to benefit from any client protection, but that’s not even the worst part. The possibility of getting scammed is huge as these brokers are not supervised by any watchdog and don’t follow the common rules and guidelines.

For example, CFD Prime claims to keep its clients funds in segregated trusted accounts, however this can hardly be true. Don’t invest with such illegitimate brokers or you risk being left without two nickels to rub together!

CFD Prime Trading Assets

CFD Prime claims you can forex, shares, commodities, indices and cryptocurrencies on its platform. We couldn’t find any software or functional software so we are unable to confirm the claim.

However, trustworthy brokers often offer many trading instruments and there is no need to deal directly with scammers like CFD Prime.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

CFD Prime: Maximum Leverage, Deposit and Withdrawal

CFD Prime claims that it offers leverage of 1:500. This was the amount that was automatically set for our account after we registered. We have already explained about this leverage many times. Do not make the error of investing in such high-risk leverage, especially if it is with an unreliable company like this one. You should also note that most countries that regulate forex brokerage activities have a limit on leverage – 1:50 in the US and 1:30 in the EU. If you want to try it and trade with higher leverage, we recommend that you choose to work with reputable forex brokers’ offshore subsidiaries.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Monaxa, Trade Capitol, Focus Markets.

CFD Prime has a chart of its deposit and withdrawal methods along with some additional information about them.

Visa, Mastercard, Skrill, Neteller, wire transfer and Tether are the accepted deposit methods. Each one requires a minimum of 50 USD to be used and takes 30 minutes to execute. Broker claims there are no fees for any of these payments.

CFD Prime lists all payment options, but does not specify a minimum withdrawal amount. It is estimated that execution takes approximately 30 minutes. Broker also stated that there are no fees.

Crypto transactions can be anonymous and irreversible. It is best to avoid them. Even though we think the other payment methods are acceptable, we don’t believe that investing here is a smart idea. This broker is completely untrustworthy and unlegitimate.

This broker will require a minimum deposit of 50 USD. It seems reasonable in general. Reputable brokers will offer a lower initial investment, such as 10 USD or 5 USD.

CFD Prime: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about CFD Prime. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about CFD Prime!