Exposed: CFDS100 - A Trader’s Nightmare with a Lack of Withdrawal Facility & Other Issues

CFDS100, on record book, is a forex broker that has been in the trading business for around five to ten years. Yet, it has been a matter of grave concern for traders all over. They are facing issues with withdrawals and transaction transparency, raising the scope for more forex investment scams for investors. The lack of regulation for this entity has been a problem, too. With no regulation, it is not making the disclosure to the competent financial authority. However, it‘s the traders who are bearing the brunt. Let’s talk through the problems traders witness when trading through CFDS100, which operates without transparency.

Withdrawal Requests Getting Denied, Deposit Values Falling Sharper, Loss in Trades

Traders not only complain about the constant denial of withdrawal requests by CFDS100 but also about falling deposit values, no communication, and losses in trades. While profit & loss are parts and parcel of a forex trading activity, effective communication ensures renewed customer confidence, which sadly, has taken the backseat at CFDS100. The mounting loss is mounting concerns for them.

Users are even complaining that CFDS100 is routing investors money to an undisclosed trading account. Misusing the MT4 platform to show investors fake profits helps the forex brokerage firm to continue receiving investments from traders. While the broker has managed to draw substantial funds from investors, the withdrawal scene is almost absent.

Check Out the Public Outcry for CFDS100

Here are some traders who are complaining about the issues they face at CFDS100.

The WikiFX Lens on CFDS100 - Regulation Status, Ratings & More

CFDS is a United Kingdom-based forex broker that has been operational for the last five to ten years. The biggest red flag is that the company does not hold any regulatory license, causing potential risks for investor safety. The lack of regulation is also strange given that it has been in the business for a fairly long period. If it were regulated, it would have boosted traders confidence. The WikiFX team has assigned CFDS100 a score of just 1.55.

Conclusion

Never compromise on one thing - the forex brokers regulation status. It will determine how safe your capital investment will be. Checking the regulation and several other aspects may seem complicated, especially to new traders. So, they can always rely on WikiFX - the leading forex broker regulation inquiry app.

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