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• Our Review Method

• Is CFDpremium Scam or Legit Broker?

• What is CFDpremium?

• Pros

• Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding CFDpremium due to the issues we've identified.

Is CFDpremium Scam or Legit Broker? ▲

It is imperative to state unequivocally that engaging in trading activities with CFDpremium is not deemed safe. The ownership of CFDpremium falls under Silver Wolf Ltd., which is incorporated in the Marshall Islands. This jurisdiction is infamously recognized for its lax regulatory framework and practically nonexistent requirements concerning forex trading. The Marshall Islands have become a haven for dubious forex brokerages such as Dax300 and Finbitex due to the low costs of setting up operations and the lack of stringent oversight. This scenario paints a concerning picture for potential traders considering CFDpremium as their brokerage choice.

What is CFDpremium? ▲

CFDpremium positions itself as a forex brokerage that specializes in commodity, index, and forex trading. Despite its claims of being "safe and regulated," the firm fails to provide any concrete information regarding regulatory oversight or the specific regulatory body governing its operations. The brokerage asserts a UK-based location, yet the contact information provided traces back to a German phone number, further muddling its regulatory stance. Notably, CFDpremium lacks authorization from critical regulatory bodies such as the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin).

Adding to the broker's dubious reputation are the explicit warnings issued by Spain's CNMV and Italy's CONSOB, cautioning against unauthorized investment activities conducted by CFDpremium. This follows a concerning pattern observed with other companies associated with Silver Wolf Limited, which have also faced regulatory warnings. Such connections and warnings raise significant red flags about the legitimacy and safety of trading with CFDpremium.

Pros ▲

• CFDpremium offers a range of trading instruments including commodities, indices, and forex.

Cons ▲

• Offshore Registration: CFDpremium is registered in the Marshall Islands, a jurisdiction known for its minimal regulatory oversight, which poses a significant risk to traders' funds.

• Lack of Regulation: The absence of regulation from reputable bodies such as the FCA or ASIC leaves traders without the protection and security afforded by these regulatory entities.

• Regulatory Warnings: CFDpremium has been the subject of warnings from several regulatory authorities, including Spain's CNMV and Italy's CONSOB, indicating a high level of risk.

• Affiliation with Disreputable Companies: The broker's association with other companies that have faced regulatory warnings further undermines its credibility and trustworthiness.

• Misleading Location Claims: Despite claiming to be based in the UK, the provided contact information leads to a German phone number, casting doubt on the broker's transparency and honesty.

Conclusion ▲

In light of the comprehensive analysis performed, it is our strong recommendation for traders and investors to steer clear of CFDpremium and any other brokerages based in the Marshall Islands. The lack of stringent regulatory oversight in such offshore jurisdictions significantly elevates the risk of fraudulent activities, potentially jeopardizing the safety of traders' funds. Prospective traders should instead consider engaging with brokers regulated by reputable organizations such as the FCA in the UK or ASIC in Australia.

It is also worth noting that the CFDpremium website has recently become inactive, further diminishing the broker's reliability and raising concerns about its operational status. Despite this development, traders are urged to remain vigilant and exercise caution, especially in the face of unsolicited trading proposals. The cumulative evidence presented underscores the imperative to avoid CFDpremium and seek trading partnerships with brokers that guarantee a higher level of security, regulatory compliance, and transparency.