CFD Trend Review (2023)

Is CFD Trend a scam or legit broker?

No, it is not safe to trade with CFD Trend. CFD Trend is owned by Red Bird Ltd., which is an offshore company registered in St. Vincent and the Grenadine.

CFD Trend seems to be another trading company that appeared recently at the market offering and claims its reliable business environment through a safe and fast trading environment. The broker proposes generous bonuses, multiple asset trading with ECN accounts on MT4, as well designed mobile application for a constant monitor of the market.

The offering, in general, doesn’t seem to be very much attractive (Best Forex Brokers for Beginners), yet designed in a manner to deliver the necessary tools and all what is needed for a beginner or regular trader. However, the main concern about CFD Trend is that the company located in an offshore zone SVG, which in fact does not implement stricter overseeing of the financial firm operation and didn’t impose hard to achieve requirements for firm establish. In other words, the broker may operate a business in any manner they wish and of course, this fact includes the highest risk to lose money.

You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

In the world of trading full of frauds and non-trustable companies, it stands at top priority to choose only this company that proved its status, operates brokerage service with necessary license and constantly overseen by the independent authority. In this case, the trader can trade assured that his protective rights are enabled and controlled at all times.

Conclusion

Even though the CFD Trend is a quite new offering and still didn’t gain a cruel reputation with negative reviews, yet the lack of regulation imposes no trust in them. In order to succeed in trading, it is always recommended to choose a reputable firm, such as FXTM and XM.com. Check carefully any broker before you sign in while the list of Regulated Forex Brokers will help to choose the suitable one.

You can also share your trading experience with CFD Trend by commenting on this review.

CFD Trend website is no longer active.