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CFDs100
Rating: Rated with 1 star
Binary Option Programs Award
Min. Deposit
$250
Min. Investment
N/A
Regulated Broker
No

CFDs100 Broker Review

  1. CFDs100 is an new CFDs broker owned and run by TRSystem LTD, located at Parda Street, Downtown District, Harju county, Tallinn, 10151 Estonia who went live in March 2018. However, this is an unregulated broker meaning that it is not licensed by any major regulator. It should be noted that their main aim is to enhance the overall trading experience of South African traders by offering innovative technology and financial literacy.

    The Financial Services and Markets Authority (FSMA) of Belgium has warned investors against trading with CFDs100, which it suspects to be a scam. 

    Keep reading the full review below to find out whether or not this statement is true or if this is just another scam broker in the industry.

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    Special Features

    While most brokers we review offer several account types to customers depending on their skills, experience and personal preference, CFDs100 does not offer any options when it comes to choosing your trading account. The good thing is that once you register you can try out their demo account in order to get familiar with the trading platform and also to test your trading strategies before you switch to a live account and start risking your own funds. However, it seems that this broker all it wants from you is to simply make a deposit as this is the impression we got when we contacted them asking for advice.

    Tip: Trade with IQ Option instead, the best regulated broker for South African traders with a minimum deposit of only $10!

    Trading Platform

    MT4 is offered by CFDs100. This is great for all those experienced traders who prefer to have their software downloaded on their own computer. Also, MT4 offers so many advanced tools which are favored by many skilled traders. MT4 is considered one of the most reliable platforms available. Some of the advantages of the MetaTrader4 trading platform are listed here:

    • Real-time trades
    • 9 timeframes
    • 30 indicators for technical analysis
    • One-click trading
    • Fixed low-cost spreads

    While experienced traders prefer trading with MT4, novice traders might find it easier trading with the web-based platform available by CFDs100. Instead of having to download and learn all the advanced tools offered by MT4, traders can simply log in through their preferred browser and start trading instead. This comes down to personal preference and thus, we always suggest our readers to try all the platforms offered before they decide which one they like best.

    Customer Support

    The CFDs100 support team is not that great since when we tried to contact them to ask some questions regarding their available demo account, we didn’t get an answer. Nevertheless, the login part of the site is available in 4 languages: English, Italian, Russian and German. If any potential or existing customers have any questions, they can try contacting their support team through email, phone or simply fill in the online form available.

    There is a UK phone number available for those who prefer speaking directly to an agent:  +442038074325. Those who prefer sending an email can do so here: [email protected] A live chat is missing from this broker which is usually the preferred method of South African traders when it comes to solving any issues they might have with their trading account.

    Payment Methods

    While it was not that clear which payment methods are available for making a deposit or withdrawal with CFDs100, we managed to figure out that most major credit and debit cards are accepted like Visa, MasterCard, and Maestro. E-payments are available too like Skrill and Neteller. Bank transfers are available too even though they take a little more time for funds to clear this way. Please note that before you request a withdrawal with this broker you will need to send valid copies of your passport or ID along with a recent utility bill like electricity or water bill. This is normal for almost all brokers since it is standard procedure for identification purposes.

    Verdict

    South African traders should choose a different broker since CFDs100 is missing a lot of features which are mandatory for your overall trading experience. Features like a live chat, the option to choose between several account types, an education center as well as the fact that it is not licensed by any major regulator make this broker not that great. So, before you make any deposit, do your research and trade only with the best in order to have the best tools available and therefore, the best trading experience possible.

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