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CFD Premium
Rating: Rated with 2 stars
Binary Option Programs Award
Min. Deposit
$500
Min. Investment
N/A
Regulated Broker
No

CFD Premium Broker Review

  1. CFD Premium

    CFD Premium is a new UK CFDs broker whch strives to offer innovation, safety and success to its clients. Their number one priority is to make their traders feel secure. However, the fact that they are not licensed by any major regulator either in the UK or abroad doesnt help with that goal. South African readers should keep reading the full review below before they make a deposit with this broker to see if this is indeed a broker to be trusted.

    Special Features

    5 account types are offered by CFD Premium in order to help accomodate the needs of all their clients depending on their experience level and personal preference. A free demo account is also available to all traders so that they can prctice their trading strategies or simply get familiar with the trading platform before they switch to a live account and start risking their own funds.

    Initial Account

    • $500 minimum deposit
    • Maximum leverage: 1:400
    • Minimum trade: 0.01 lot
    • Spreads: fixed from 2
    • 20% full margin
    • 15% bonus
    • Expert advisor

    Regular Account

    • $1,000 minimum deposit
    • Maximum leverage: 1:400
    • Minimum trade: 0.01 lot
    • Spreads: fixed from 2
    • 20% full margin
    • 25% bonus
    • Expert advisor
    • Customer support
    • Daily analysis

    Intermediate Account

    • $2,500 minimum deposit
    • Maximum leverage: 1:400
    • Minimum trade: 0.1 lot (10,000 units of base currency)
    • Spreads: fixed from 1
    • 20% full margin
    • 30% bonus
    • Expert advisor
    • High-quality customer support
    • Daily analysis
    • Algo trading
    • ECN account

    Advanced Account

    • $10,000 minimum deposit
    • Maximum leverage: upon user’s request
    • Minimum trade: 0.1 lot (10,000 units of base currency)
    • Spreads: fixed & floating
    • 20% full margin
    • 40% bonus
    • Expert advisor
    • High-quality customer support
    • Daily analysis
    • Algo trading
    • ECN account
    • Free VPN
    • Express withdrawal in 2 business days

    Superior Account

    • $25,000 minimum deposit
    • Maximum leverage: upon user’s request
    • Minimum trade: 0.1 lot (10,000 units of base currency)
    • Spreads: fixed & floating
    • 20% full margin
    • 50% bonus
    • Expert advisor
    • High-quality customer support
    • Daily analysis
    • Algo trading
    • ECN account
    • Free VPN
    • Express withdrawal in 2 business days
    • Personal dealer

    Trading Software

    64 Forex pairs, CFDs, indices, precious metals, and oil are instruments that can be traded depending on the trader’s preference. The MT5 is available through CFD Premium which is considered one of the most reliable and powerful trading platforms. Experienced traders prefer trading with this platform as they can download the software on their own computer.

    Novice traders will like the fact that they can download the app version of the platform and trade on the go without having to download any software. All they need to do is have a reliable and fast internet connection so that they can log in from their preferred internet browser and start trading.

    Customer Support

    Potential and existing clients can reach the customer support team via email, phone or live chat. CFD Premium focuses on offering top service so South African traders can rest assured that their issues will be solved as soon as possible.

    Payment Methods

    Most major credit and debit cards are accepted like Visa and MasterCard. Deposits made via credit card are processed instantly whereas bank transfer can take up to 5 working days to clear. E-payments are also accepted like Skrill, Neteller, Paypal, and OKPay. Please note that before being able to request a withdrawal you will need to present valid copies of your ID or passport and a recent utility bill for verification purposes. Withdrawals should be made in the same way as the initial deposit. For example, if you made a deposit via a credit card, then you will need to use that exact credit card to withdraw funds back into your account.

    Verdict

    Even if CFD Premium ticks most of the boxes, we do not recommend trading with this broker since it is not licensed by any major regulator. South African traders should be careful when trading to avoid losing all their capital in one session by placing small trades until they become familiar with the trading platform.

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