CDO Markets is a fairly licensed Forex and CFD broker owned and operated by CDO Markets Limited. CDO Markets Limited is licensed and regulated by the Vanuatu Financial Services Commission. License number is 17936. For contact, you can reach them throug email at; firstname.lastname@example.org.
CDO Markets offers investors and traders a very large variety of underlying assets to trade. Available assets include; Forex Pairs, Market Indexes, Stocks, Metals, Energy Products and derivatives.
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- 1 Is CDO Markets Safe?
- 2 Metatrader4 enabled
- 3 SwissCFD Broker Breakdown
- 4 Relatively Low Spead on EURUSD
- 5 Offshore leverages are red flag!
- 6 CDO Markets License Insight
- 7 Our best advise for you
- 8 CDO Markets Review Conclusion
Is CDO Markets Safe?
Forex Broker Expert reviews brokers for readers across the whole world to know whether they worth your time or not. We use a trust score algorithms to asses risk level. They major criteria we use in grouping a forex broker in to risk levels include total years in business, which regulatory licenses each firm holds, is the broker publicly traded in any stock exchange as well as our manual in house check.
CDO Markets has a trust score of less than 50% which shows High risk. This means they are not regulated by any top tier licensing agency like CySEC or the UK FCA. The company operating this broker, CDO Markets Ltd., is licensed by the Vanuatu Financial Services Commission (VFSC) as a dealer in securities which is a 3rd tier licensing agency.
If you insist on trading with an offshore broker, then it is a plus to know that CDO Markets is integrated with Metatrader4 platform. This trading software provides great charting capabilities, an astonishing environment for the development of custom tools (MQL) and automated trading systems (Expert Advisors) which the so called “marketplace” has to offer. Besides, the platform is available in all forms and shapes – desktop download, web-based version and mobile apps for iOS and Android.
In addition to MetaTrader4, CDO Markets offer their own in-house mobile platform to use, and you have two options. CDO Prodigy for Android and IOS to trade.
SwissCFD Broker Breakdown
Minimum deposit: $100
Spread: From 0.1 pips
Leverage: Max 1500
Assets: Forex. CFD, Indices, Oil & Gas, Precious Metals
Support MT4: Available
License: Offshore License
Relatively Low Spead on EURUSD
When we want to compare the spreads of Forex and CFD brokers, we download the demo version in other to see.
CDO Markets is an offshore broker, offering three account types and the MetaTrader4 platform. The accounts are STP, ECN and VIP. STP account comes with a spread from 0.8 pips, ECN account has spread from 0.1 and the VIP accoint spread is not availabe on EURUSD currency pair. These spreads are pretty low and announced by the Best Forex Brokers.
Offshore leverages are red flag!
High leverages on CFDs are associated with higher risk and are not allowed by top tier regulatory agencies like FCA UK and CFTC in USA. ASIC Australia is the only reputable licensing agency that allow brokers to offer leverages as high as 1:500. However, offshore brokers advertise high leverages to lure unsuspecting clients to their platforms.
CDO Markets offer leverages as high as 1:500 but they are not regulated by ASIC. This is an attempt by CDO Markets to lure unsuspecting clients to their platforms.
CDO Markets License Insight
Here are the Forex Broker Expert, we have reviews of more than 200 Forex brokers and trading software. The number one item we check when reviewing a broker to see if they are a scam is a valid license.
The reason smart people online invest with a licensed broker, is because there are many investment scams online. By using a licensed and regulated broker, you know your money is safe, and the company is monitored by the governments regulators.
- CDO Markets is licensed and regulated offshore by the Vanuatu Financial Services Commission. License number is 17936.
Although the regulatory framework for financial services providers in Vanuatu is better than those in most offshore zones, it is still loose. The VFSC has very lax requirements to dealers in securities and practically does not exercise any oversight. This means that clients of CDO Markets and other offshore brokers have no guarantee that their money is safe, nor that they will receive any protection if something goes wrong.
Our best advise for you
With all evidence we gathered, its clear while we don’t include CDO MArkets in our best Forex brokers page. With being offshore brokers and having a poor license, members should be wary to deposit with this broker.
CDO Markets Review Conclusion
Adding this platform to our scam blacklist will help protect our readers. Make sure to stay away from this platform.