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Will Broker Cfd put clients' funds in a segregated bank account?
Ross Goldsmith
Tahiti
2023-10-12
ANSWER Broker Cfd is a fraudulent trading platform and its goal is to steal money from investors. So it couldn't provide such protections as holding customers' funds in segregated accounts.Broker Cfd's false statement about its regulatory status is a testament to its fraudulent nature. It claims that it is operated by the company Index Cfd Global Pty Ltd which is regulated by the Australian Securities and Investments Commission (ASIC). However, no matching records exist in the register of the ASIC. Therefore, it falsely claims to be licensed by a governing body and operates without the required authorization.Therefore, we strongly suggest investors stay away from Broker Cfd. Entrusting the platform with funds and personal information is dangerous. Without regulatory oversight, individuals dealing with Broker Cfd are exposed to fraud and identity theft, which could be financially and personally devastating. To mitigate such risks, it is advisable to choose a fully regulated broker instead.
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