CFD Planet

CFD Planet is a retail forex and CFD brokerage registered in China, founded on February 27, 2023. The company operates under the domain cfdplanet.com. As of our review, the broker does not hold any known regulatory licences from established financial authorities, which places it in a higher-risk category for traders.

The broker's registration in China and recent founding date indicate a relatively new entrant in the online trading space. Without oversight from a reputable regulator, traders face limited recourse in case of disputes. FXCanary assesses such environments as requiring extra caution.

CFD Planet offers five account tiers, each with a substantial minimum deposit requirement. The Standard account requires €10,000, the Advanced €25,000, the Platinum €100,000, the Expert €250,000, and the VIP €500,000. All account types provide a maximum leverage of 1:200.

These high entry barriers suggest the broker targets affluent or experienced traders, rather than beginners. The steep minimum deposits also reduce the accessibility for retail investors with smaller capital. Leverage of 1:200 is relatively moderate compared to some offshore brokers, but still carries significant risk, especially for larger positions.

FXCanary's records indicate that CFD Planet has no registered regulators. This absence of oversight means the broker is not required to meet capital adequacy standards, segregate client funds, or submit to audits by a financial authority. Traders should be aware that unregulated brokers offer no independent protection or compensation schemes.

The lack of regulation is a critical red flag. While some unregulated brokers operate legitimately, the risks for clients are notably higher. We strongly advise verifying any regulatory claims independently before committing funds.

Information on tradable instruments is not available in our known facts. The broker neither confirms nor denies whether it offers forex pairs, indices, commodities, or cryptocurrencies. This lack of transparency makes it difficult for traders to assess whether the broker suits their trading needs.

The maximum leverage of 1:200 is consistent across all account types. Such uniform leverage suggests a one-size-fits-all approach, which may not accommodate varying risk appetites. Traders looking for flexible leverage options or detailed instrument lists may find this broker lacking.

CFD Planet's account structure clearly targets high-net-worth individuals or institutional clients. The minimum deposit of €10,000 for the entry-level Standard account is far above industry averages, filtering out most retail traders. The VIP account requires half a million euros, reserved for a very select group.

Given the unregulated standing and high capital requirements, this broker is not suitable for beginners or risk-averse traders. Even experienced traders with substantial capital should approach with caution, weighing the lack of oversight against any potential benefits. The elevated scam risk score of 54/100 further underscores the need for thorough due diligence.