LegalCFD was an unlicensed Crypto Currency and Forex CFD Broker, that opened in October 2018. Their website is no longer accessable.
For complaints and withdrawal problems, read this.
LegalCFD Review
Our review of the brokers LegalCFD shows that their investors can use the online trading platform, which was developed by the Finantick company. The software is 100% web based and they offer CFD trading on a variety of Crypto Currencies including: Ripple, Bitcoin, Litecoin, Dash, Ethereum and more. Additionally you will find Contracts for Difference on Forex Currency Pairs.
Three account types are shown, but they fail to mention the minimum deposit requirement for their account types. All they seem to care about is offering you a Bonus. We see that they are offering a bonus of 75% – 150%, but if would read their terms and conditions page you will see “you will be required to execute a minimum trading volume of 40 times for every $1 bonus”.
Bonus money is a major cause for complaints by investors who want to withdraw their funds, read why.
Scam Trading Robots
Hundreds of “Get Rich Quick” scams that are focused on Crypto trading are now spreading online. Systems which go by the name of Bitcoin Code, promise to make money for you, but they don’t actually work.
Educate yourself on how the scams operate, before you become the next victim, read more here.
LegalCFD License Check
When the Scam Broker Investigator researches a new Forex / Crypto trading broker to determine if they are a scam or legitimate broker, we check for one thing, and that is a brokers license. Legitimate brokers will be licensed in the United Kingdom by the Financial Conduct Authority or by ASIC in Australia.
LegalCFD is not a licensed broker! The only Bulgarian licensed brokers are listed here.
LegalCFD is owned by a company called Ftm Consulting Eood, which is located at: Kranso Selo Region, Borovo Estate, 8A Gen Stefan Toshev St, Sofia, 1000, Bulgaria.Phone number in the United Kingdom is: +44 203 961 6436, and their email address is: [email protected]. Official website is: https://www.LegalCFD.com.
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New investors can find many legitimate brokerage firm that are licensed and regulated.
