This Broker is Out of Business!!! Next time, use a licensed broker!!!
CFsum CFD Trading Review
Our review of CFsum shows that the broker is also using the Proftit CFD trading platform. They have CFD trading on a wide range of underlying assets in the categories of: Forex, Crypto Currencies, Stocks, Commodity and Market Indexes. The based margin / trading leverage offered on Forex pairs like EUR/USD is 10:1, and the spread is 3 pips.
CFsum only has a web based desktop trading platform. You will not find mobile trading apps, or the ability to use the industry standard MetaTrader 5 platform. The minimum deposit amount for a new CFD trading account is $250.
Active trading is required at this broker! If not, they will close your account according to the terms and conditions…
If the Trading Account is inactive for sixty one (61) days or more, and after notifying the Client in there last known contact details, the Company reserves the right to close the Trading Account and charge the account with a dormant fee in the sum of 250 USD/EUR/GBP.
Is The CFsum Software a Scam?
Like most new investors, you are probably planning on making your money with a trading robot. Before you invest with a Crypto software make sure you first read this!
You may not be aware that there is currently hundreds of algorithm trading apps online, but most prove to be scam. Go look at the best trading robots.
Does CFsum Have a License?
They way you know if a CFD trading brokerage firm is legitimate, is by checking your financial regulator, to see if they have a license. There are many investing scams circulating online, and it is incumbent upon every investor to verify the brokers license certificate.
CFsum is not a licensed or regulated broker.
Australians have been warned by ASIC, to only invest with an ASIC regulated broker. Investors using an offshore broker, do not have any protections or recourse in the likely event that the broker enters in solvency.
Did you know that there thousands of Forex brokers to choose from online today? Therefore, have a look at these other popular legal brokers, see here.
Try a Free Demo Account on their unique trading platform, register here.
CFsum is owned and operated by: Bestfolio Consulting OU, which is located at: Harju maakond, Tallinn, Kesklinna Linnaosa, Narva mnt 5, 10117 Estonia. Their listed phone number is: United Kingdom: +44 203 477 8555. Customer Support Email is: [email protected], Official Website: https://CFsum.com/