In this review, we will describe why you should be cautious dealing with CDO Markets.
Is CDO Markets Legit?
Looking at CDO Markets website, it shows that they are owned by CDO Markets limited. CDO Markets limited is licensed by the Vanuatu Financial Services Commission (VFSC) , a well-known offshore zone and a preferred location for shady brokerage. CDO Markets is an offshore broker. Problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why CDO Markets is a dangerous broker to deal with.
Are Funds Safe with CDO Markets ?
With such lack of information and CDO Markets being offshore, funds are not safe. Security of funds is a huge problem with offshore brokers. A red flag that we noticed is CDO Markets is withholding vital information to users.
CDO Markets could go bankrupt from one day to another since there are no banking information about this broker.