While seemingly legitimate, CED Capital Ltd is nothing but a clone firm. The company is exploiting the legitimacy of another brokerage, luring victims into a scheme.
For more details, keep on reading. Our unbiased CED Capital Ltd review brings all the information and an FCA warning.
In addition, the UK follows the leverage limit imposed by the EU authority, ESMA. According to it, brokers cannot offer more than 1:30 for retail traders. And yet, our broker offers up to 1:500, directly showing us that it doesn’t follow any rules or regulations.
In addition, Trustpilot has informed us of a number of fake reviews that they have detected and removed. Hence, the number of those that are left is low. However, we believe that more of those who experienced CED Capital Ltd first-hand are about to share their stories.
As you had a chance to see, CED Capital Ltd uses a legitimate business to cover its illicit operations. They’re luring clients by using the resembling name and adding fake information to their website.
Once you’re hooked, their sales agents will pressure you to deposit because, after all, you’re dealing with an allegedly legit firm. And you may actually fall for it. Then, your case will go to an account manager who will prepare various financial plans to extort more money out of you.
You can spot icons for AnyDesk and TeamViewer on the right side of the website. These remote access apps serve for scammers to access your device and control it from afar. Once you allow such access, they can log in to your online banking, crypto wallet, or any other app with the money and transfer it to themselves or the scamming company.
Of course, as any unregulated broker, this one didn’t bother much to provide good trading conditions. Therefore, instead of offering a reliable platform such as MT4, MT5, or cTrader, all you get is a WebTrader.
Browser-based software is infamous due to the lack of advanced features such as EAs and social trading. In addition, broker employees can manipulate it to seem as if you won or lost more money than it’s true so that they can extort more from you. Finally, there are no mobile apps, meaning that CED Capital Ltd login is not very convenient.
The company offers four asset classes, all traded through CFDs or contracts for difference. This means you’re not purchasing an underlying asset but investing in its price, allowing you to short and earn from a market crash.
Here’s the list of available asset categories:
The brokerage sticks to the rules of the crypto CFD ban introduced in January 2021 in the UK.
You can choose between four different account types:
Each higher account brings more leverage, lower spreads, and access to more assets. Furthermore, the Medium account waives commissions while introducing the trading analyst.
Unfortunately, a Demo account is not available. Therefore, you will have to pay the minimum deposit of 1,000 EUR first and only then discover this broker’s offer. Once again, this is why we advise regulated companies.
The leverage ranges from 1:200 to 1:500, depending on the account type. While you’re getting more power and you can invest more, you’re also risking losing more than you usually would. This is why Tier 1 authorities have imposed a limit on leverage.
As per spreads, they allegedly start with 0.8 pips for the Starter account. However, it cannot be confirmed without a Demo account. Commissions are advertised as low but without specifications.
According to legal documents, the customer can request a withdrawal at any time, and it will be processed within 5 business days. However, the payment methods are not specified.
In addition, there’s no mention of withdrawal fees or other deductions. The T&C is pretty vague on such an important matter, which makes us uncomfortable.
Finally, broker reviews indicate that once you request a withdrawal, you can no longer contact the CED Capital Ltd support team. Their email and phone will be unavailable, and you will need legal aid.
If you find yourself a victim of a CED Capital Ltd scam, it’s important to take the necessary steps immediately. You must notify the authorities and your bank and prepare all the evidence for a dispute.
In addition, you can contact Global Fraud Protection chargeback experts. Our team of specialists will evaluate your case during a free consultation and help you recover your funds. Don’t hesitate to share your story; we’ll put all our efforts into assisting.
CED Capital Ltd is an unregulated clone firm. If this brokerage has scammed you, we might be able to help with recovery. CED Capital Ltd doesn’t offer any reliable platforms for its users, only a basic WebTrader. CED Capital Ltd did not specify how long the withdrawal would take, which is suspicious. What Is CED Capital Ltd, and Should I Invest Money In It?
Is CED Capital Ltd MetaTrader 4 Forex Broker?
How Long Do CED Capital Ltd Withdrawals Take?
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CED Capital Ltd is an unregulated clone firm. If this brokerage has scammed you, we might be able to help with recovery.
CED Capital Ltd doesn’t offer any reliable platforms for its users, only a basic WebTrader.
CED Capital Ltd did not specify how long the withdrawal would take, which is suspicious.
The post CED Capital Ltd Review: Clone Firm Alert, Stay Away From Cedcapitalltd.com appeared first on Global Fraud Protection.
