Cardiff Spreads, leverage, minimum deposit Revealed

　　General Information& Regulation

　　Cardiff Global Markets is an Australian forex and CFD broker, licensed by the Australian Securities and Investments Commission (registration number 439907) and offering a selection of currency pairs, as well as CFDs on various assets, including precious metals, 13 world indices and oil on the MetaTrader4 platform.

　　Market Instruments

　　Tradable financial instruments on offer at Cardiff Global Markets including currency pairs, precious metals, indices, oil. Unfortunately, there are no CFDs on stocks and cryptocurrencies available.

　　Minimum Deposit

　　Cardiff Global Markets offer investors three types of account, namely the Standard account (the minimum deposit of $1), the Pro account (the minimum deposit of $1) and the Prime account (the minimum deposit of $50,000). The fact that Cardiff Global Markets has not set an entry threshold is quite a good news for regular traders. The maximum leverage set by the brokerage is up to 1:400.

　　Cardiff Leverage

　　Cardiff Global Markets provides a maximum leverage of 1:400, which is more than enough to suite all kinds of traders. Yet, it is not appropriate for all of them, especially for beginners. High leverage levels can lead to heavy losses in a matter of minutes

　　Trade Size

　　The minimum trade size is 0.01 lots, otherwise known as micro lots, for all three account types. The maximum trade size tips the scales at 150 lots, which is one of the highest options weve seen. The margin call and stop out levels are also the same for all three account types. Margin call: 50%, Stop Loss: 50%.

　　Spreads & Commissions

　　The benchmark EURUSD spread, as tested with a demo account, floated about 1.2 pips, which can be attractive, if the Demo account mirrors the Standard account. Have in mind that spreads are considered competitive only if they start below 1.5 pips. Wide spreads means high transaction fees.

　　Trading Platform

　　When it comes to software for forex trading, Cardiff Global Markets offers the most popular forex trading platform, the MetaTrader4 (MT4). Its charting package is one of the best in the industry, with many technical analysis indicators, as well as with the option to develop some of your own, if you are handy with code. This also applies to the popular Expert Advisors of the MT4, which are automated trading strategies.

　　Deposit & Withdrawal

　　Cardiff Global Markets accepts payments with major credit and debit cards like VISA and MasterCard, as well as bank transfers. Unfortunately there is no information on the website if they accept payments with popular e-wallets like Neteller, Skrill and PayPal.

　　Customer Support

　　The Cardiff Global Markets customer support team can be available via Live Chat, phone, and email. The quickest way to get in touch with an agent would be through LiveChat, however, it seems that the company does not have this feature available 24/7.