There’s no denying that CDO Markets’ website looks enticing and the offer is appealing as well. The main question here is whether CDO Markets is a reliable broker or not.
Can you trade, make profits, and not worry about getting scammed? We hope our CDO Markets Review will answer that question and shed light on the broker’s regulation, trading platform, instruments, leverage, payment methods and more.
Let’s analyze CDO Markets’ regulation. This brokerage is based offshore, in Vanuatu. The company behind the brokerage, CDO Markets Limited, is registered with the Vanuatu Financial Services Commission (FSC).
However, a much safer bet is to trade with onshore brokers that operate under Tier 1 jurisdictions such as the European Securities and Markets Authority (ESMA), the FCA (UK), ASIC (Australia), CFTC (US), IIROC (Canada), MAS (Singapore), etc.
Trading under a Tier 1 jurisdiction bears numerous benefits such as a segregated bank account, negative balance protection, leverage restriction (1:30-1:50), and a compensation scheme (up to 20,000 EUR for ESMA).
CDO Markets may be regulated by an offshore authority but that doesn’t mean you’re safe. On the contrary, there’s a good chance you’ll get scammed. If that happens, please contact us for help.
Are there any warnings against this offshore broker, issued by regulatory authorities? We found one warning against CDO Markets.
As an offshore broker, CDO Markets will certainly try to find clients in large onshore domains. It’s true, here’s the list of countries where CDO Markets tried to find clients:
Of course, CDO Markets is not authorized to operate in any of these domains, especially not in the US. If you trade with CDO Markets and something goes wrong, you don’t have a regulator to which you could report the broker.
It seems that traders have a positive opinion of CDO Markets. There may not be many reviews, but the ones we found were not complaints.
Still, we would always recommend a broker regulated onshore instead of an offshore provider. Take every review you read with a grain of salt.
I have been trading with this company for 1 month and so far I am satisfied and will continue to trade. Your transaction costs are within reasonable limits. The amount of spreads and commissions are not very high, which I really like. The customer service they offer is fantastic. I get a quick response and my issues are resolved quickly.
There are two trading platforms available – the renowned MetaTrader 4 and CDO Markets’ proprietary trading platform, CDO Trader.
The latter is available for Android and iOS systems. It enables trading on the go and promises cutting-edge tools. On the other hand, MT4’s reputation precedes it. This amazing software is the standard in the world of trading.
MT4 offers advanced tools and options such as automated trading, instant execution, multiple timeframes, etc. Traders can download this platform from the broker’s website.
CDO Markets uses social media. The broker is active on Facebook, Instagram, Twitter, LinkedIn, YouTube, and Reddit.
Aside from social media, there are also several emails and phone numbers so we suppose those are the main communication tools. If we had to guess, CDO Markets probably runs marketing campaigns with Google ads.
According to CDO Markets’ website, the following trading instruments (CFDs & Options) are available:
Depending on CDO Markets’ trading accounts, the spread is variable. It’s quite competitive – from 0.8 pips for the STP account with zero FX commissions.
For the ECN account, the spreads start from 0.1 pips and the broker charges 4 $ FX per round turn lot. All in all, the trading costs are favorable.
As for the leverage, CDO Markets’ cap is 1:500, which is extremely high. Keep in mind that such high leverage is a gamble and often results in losses, hence the regulatory limit (ESMA – 1:30).
Let’s make an overview of CDO Markets’ trading accounts. There are three available options:
CDO Markets also has a limited offer campaign. Namely, until May 31, 2023, the broker offers a special FX-only account with fixed spreads of 1.5 pips, a minimum deposit of 100 $, and leverage up to 1:888.
In addition to three live accounts, CDO Markets also offers a risk-free demo account. Traders can create a demo account and trade for free for 60 days.
It’s imperative that you first try out this demo account should you decide to trade with CDO Markets. See what the broker has in store for you but be on your guard when investing real money.
According to CDO Markets’ withdrawal policy, the available payment methods at the time of this writing include:
The broker also promises to introduce credit/debit card payments. So far, we didn’t find complaints about withdrawal issues. That doesn’t mean that heat is off.
CDO Markets also included bonuses. FX bonuses award the user with either a 50 $, 300 $ or 50% bonus. Of course, in order to withdraw the bonus, you have to achieve a certain trading volume (i.g. a 30 Lot RT Trade is required before you can withdraw the gold bonus).
We’re not fond of such preconditions. Keep in mind that bonuses are banned in Europe and Australia.
If you have evidence that CDO Markets violated any terms and conditions, please notify our team about it. And also, write a complaint against the broker on the forums to warn fellow traders.
We can help make things better by reporting the broker to the authorities but also try to get your hard-earned money back. Get in touch with us as soon as possible and we’ll go through the chargeback process together. Our experts also use CipherTrace for tracing crypto.
If this broker steals your money, contact us for help. Book a free consultation with us via Online Chat and learn what you can do!
You can book a free consultation with Global Fraud Protection. Our team will explain to you how a chargeback works and what needs to be done.
CDO Markets is more decent than most offshore brokers… but it’s still an offshore regulation, i.e. not trustworthy. We recommend Tier 1-licensed brokers.
CDO Markets does offer its proprietary platform for both Android and iOS systems.
You can book a free consultation with Global Fraud Protection. Our team will explain to you how a chargeback works and what needs to be done.
CDO Markets is more decent than most offshore brokers… but it’s still an offshore regulation, i.e. not trustworthy. We recommend Tier 1-licensed brokers.
CDO Markets does offer its proprietary platform for both Android and iOS systems.
The post Please Read the CDO Markets Review Before Investing appeared first on Global Fraud Protection.
