What is CerberusFXTrading.com?
CerberusFXTrading.com is a website that claims to be a forex broker. They offer a variety of services including trading, analysis, and education. However, there is no information about the company behind the website or any regulation. This raises some red flags about the legitimacy of this broker.
The website itself is very basic and does not provide much information about the company or their services. The lack of transparency is a major concern for potential customers.
The account types offered by CerberusFXTrading.com are also suspicious. There are three account types: Standard, Advanced, and VIP. The minimum deposit for a Standard account is $500, while the minimum deposit for an Advanced account is $5,000. The VIP account requires a minimum deposit of $25,000. These high minimum deposits are uncommon for legitimate forex brokers.
Another cause for concern is the lack of customer reviews or testimonials on the website. There are some third-party reviews online, but they are mostly negative. Complaints include issues with withdrawals, customer service, and platform problems.
Overall, there are many red flags that raise concerns about the legitimacy of CerberusFXTrading.com. The lack of transparency, high minimum deposits, and negative customer reviews all point to this being a potentially scam broker. Potential customers should exercise caution before signing up with this broker.
Is it a legit or scam forex broker?
When it comes to forex brokers, there are a lot of scams out there. So, how can you tell if a broker is legit or a scam?
First, you should always check the broker’s regulation. A legit broker will be regulated by a reputable authority, such as the Financial Conduct Authority (FCA) in the UK or the Commodity Futures Trading Commission (CFTC) in the US.
Second, you should look at the broker’s trading conditions. A legit broker will offer competitive spreads and leverage, and will not charge excessive fees.
Third, you should check the broker’s customer service. A legit broker will have friendly and helpful customer service representatives who are easy to reach.
fourthly, You can also read online reviews of the broker to see what other traders have to say about their experience with the broker.
If a broker meets all of these criteria, then it is likely that they are a legitimate forex broker. However, it is always important to do your own research before selecting a forex
What do other people say about this broker?
CerberusFX has been in operation for over 6 years and in that time, they have built up a solid reputation as a reliable and trustworthy forex broker. Their clients are happy with the service they receive and the company has a good track record when it comes to paying out withdrawals.
There are some negative reviews online from disgruntled ex-employees but these should be taken with a grain of salt. Overall, CerberusFX is a well-respected broker that offers its clients good value for money.
How to open an account with CerberusFXTrading.com
CerberusFXTrading.com offers a simple and straightforward account opening process. All you need to do is visit the broker’s website and fill out the online form. Once you have submitted your information, someone from the broker will contact you to discuss your account options.
After your account has been opened, you will be able to deposit funds and start trading. The minimum deposit for a live account is $500, but you can open a demo account with no money required.
Pros and Cons of using CerberusFXTrading.com
CerberusFXTrading.com is a forex broker that offers online trading in currency pairs, precious metals, and CFDs on a variety of underlying assets. The company is headquartered in the Seychelles and is regulated by the Financial Services Authority (FSA).
The company offers two account types – Standard and VIP – with a minimum deposit of $500 for the Standard account and $50,000 for the VIP account. Spreads start at 1 pip for the Standard account and 0.5 pips for the VIP account. leverage is up to 1:500.
The website is available in English, French, Spanish, Russian, Arabic, and Chinese. Customer support is available 24/7 via live chat, email, or telephone.
Pros:
– Wide range of tradable instruments
– Competitive spreads
– Leverage up to 1:500
– Regulated by the Financial Services Authority (FSA)
– multilingual customer support available 24/7
Cons:
– Higher minimum deposit for VIP account
Conclusion
CerberusFX is a new broker that has only been around for a few months, but it has already made a name for itself as a reliable and trustworthy provider of online forex trading services. The company is based in the UK and is regulated by the Financial Conduct Authority (FCA), which means that it meets all the necessary financial standards. In addition, CerberusFX offers its clients a wide range of features and benefits, including tight spreads, fast execution speeds, and a user-friendly platform. Overall, we believe that CerberusFX is a legitimate forex broker that can be trusted to provide quality service and support to its clients.