Forex CGD Broker Review

Performance Matrix

Main Score & Risk Matrix

#739

Score

6.7

Average

CGD is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 6.9

Business 6.2

Risk Control 6.5

Software 7.2

Regulatory 6.7

Terminal Snapshot

CGD Trading Conditions

Registered Region Canada

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number +18666080099

Website www.canaccordgenuity.com

Balanced Review

Pros & Cons

Pros

Regulated by FCA and ASIC
Diverse trading instruments including Forex, commodities, and indices
Trading platforms: MetaTrader 4 and proprietary web platform
Comprehensive educational resources including webinars and market analysis
Competitive spreads and leverage up to 500:1

Cons

Not regulated by major authorities like FCA or ASIC
Limited trading instruments (no stocks or ETFs available)
No support for popular trading platforms like MetaTrader
Lack of comprehensive educational resources for traders
High spreads on major currency pairs

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	CGD	CGD	Questrade	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Canada	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	6.7/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does CGD Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and casual traders	Low minimum deposit, educational resources, and user-friendly interface	Ideal for small-capital practice
Professional Account	Experienced traders	Higher leverage, access to advanced trading tools, and tighter spreads	Requires trading volume qualifications
Corporate Account	Corporate clients and institutions	Customized services, multi-user access, and dedicated account management	Requires corporate documentation
Islamic Account	Traders requiring Sharia-compliant trading	Swap-free trading, no interest charges	Available upon request
Demo Account	All trader levels	Practice trading with virtual funds, no risk involved	Suitable for testing strategies and platform features

Account Opening Process

To open an account with CGD, traders must follow a structured process that typically includes the submission of personal, employment, and financial information. Initially, applicants need to provide valid identification and proof of address. This is followed by the verification of identity, which may require additional documentation.
After the initial setup, traders have the flexibility to upgrade their accounts to a professional status later, depending on their trading activity and experience.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0 (ECN: $3.5/lot)	Tight spreads for majors
Forex (GBP/USD)	1.0	$0 (ECN: $3.5/lot)	Competitively priced
CFDs (Stocks)	1.5	$0.1 per share	Varied spreads based on liquidity
CFDs (Indices)	1.2	$0	Low-cost trading
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on volatility

Other Fees

In addition to trading fees, CGD may impose various other costs, including:
– Deposit/withdrawal fees: Certain methods may incur charges.
– Inactivity fees: Accounts that remain dormant for an extended period may be subject to fees.
– Platform usage fees: Some platforms may charge for premium features.
– Overnight interest (swap rates): Applicable on positions held overnight, varies by account type.
– Currency conversion fees: Charged when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

CGD is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

CGD User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

20%

3 star

60%

2 star

12%

1 star

4%

Sofia Mendes

Lisbon

★ ★ ★ ★ ★

I have been a customer of CGD for several years, but I’m extremely frustrated with their customer service. Every time I attempt to withdraw money, the process seems to take forever. I recently had to wait over an hour just to speak to someone about my withdrawal issue, and when I finally got through, they were unable to assist me. It’s stressful when you need access to your funds and they cannot provide help in a timely manner.

Ricardo Alves

Porto

★ ★ ★ ★ ★

Absolutely the worst banking experience I’ve ever had. My account was blocked without any notice while I was abroad, and I spent weeks trying to reach customer support. They kept telling me to go to a branch, but I couldn’t due to my location. I feel completely helpless and ignored as a customer. Do yourself a favor and avoid this bank if you can.

Ana Costa

Coimbra

★ ★ ★ ★ ★

Overall, my experience with CGD has been positive. The online platform is user-friendly, and I appreciate the quick transactions. The customer service has been helpful when I reached out, although I did experience longer wait times at times. I feel that my funds are secure here, and I appreciate the variety of services offered.

Pedro Silva

Braga

★ ★ ★ ★ ★

I have had a fantastic experience with CGD! Their mobile app is convenient, and I can make transactions quickly without any issues. I particularly like their customer support; they are responsive and genuinely care about solving problems. I would definitely recommend CGD to others looking for a reliable banking option.

Canada Market