If you are asking yourself whether CFsum is scam or a reliable Forex and Bitcoin broker, you should know that this website is an unregulated Estonian forex and CFD broker which offers crypto CFDs on a web-based trading platform.
Therefore, the broker does not actually have a license with an official financial regulator. This is a major setback, so if you are thinking of trading on CFsum you should definitely think twice and read this review first.
The good part about CFsum in this review is the fact that there are more than 60 crypto CFDs available, making this crypto broker popular among the masses. The variety is really huge and includes coins such as (by alphabetical order) Ardor, Bitcoin, Bitcoin Cash, Bytecoin, Monero, USD Tether, BitShares, Burstcoin, CLAMcoin, Civic, Ethereum, Dash, Decred, DigiByte, Ethereum Classic, Factom, GameCredits, Gas, Golem, Huntercoin, Lisk, Litecoin, MaidSafeCoin, NavCoin, Namecoin, Nxt, OmiseGO, OmniCoin, Pascal Coin, Peercoin, Augur, Steem Dollar, Storj, Stellar, StarCoin, Syscoin, Viacoin, Vertcoin, Counterparty, NEM, Primecoin, Ripple, Zcash and Ox.
The web based trading platform on CFsum shows that there are forex pairs too – almost 30 – and exotic currencies such as the Russian Ruble, South African Rand, Danish Krona, Norwegian Krone, Swedish Krona, Polish Zloty and Singapore Dollar. There are also CFDs on silver, platinum, gold, oil, coffee, stocks and 7 major indices.
Interested in trading on the crypto markets but not sure if CFsum is right for you? Make sure to visit our Bitcoin brokers list with reviews. The spreads are not bad on the platform (0,4 to 0,5 pips for EUR/USD) especially if there is no trading commission.
However, at the end of the day, CFsum is an unregulated broker which is why it raises some eyebrows and is not the best for users out there. The minimum initial investment to start trading with CFsum is $250 USD and this is in line with what most other brokers would ask users for.