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Cardiff Global Markets Review


Cardiff Global Markets is located in Sydney Australia. The company is regulated by the ASIC, FCA, and CySEC and openly accepts clients from the US. This broker offers three different account options, all of which have differing deposit minimums, spreads, and commission fees. If you’re in the market for a broker, you could benefit from choosing CGM, but you’ll want to read more about their specific advantages and disadvantages before making the choice.

Account Types

Cardiff Global Markets offers three different accounts to choose from, with the options being Standard, Pro, or Prime account types. All accounts offer the same maximum leverage of up to 500:1, come with variable spreads, and share the same minimum and maximum trade sizes. However, the account come with more differences than similarities, especially when you’re looking at deposit minimums. Below, you’ll find a quick overview of each account type.


  • Minimum Deposit: $50
  • Spreads: From 0.9 pips
  • Commissions: None


  • Minimum Deposit: $500
  • Spreads: From 0 pips
  • Commissions: $3 per lot (volume discounts)


  • Minimum Deposit: $50,000
  • Spreads: From 0 pips
  • Commissions: From $1.50 per lot

The higher deposit minimums may limit traders to two, or possibly only one account type to realistically choose from. The spreads are below average for all account types, but they actually start as low as 0 pips for the Pro and Prime accounts. You’ll find that the Standard account is commission free, while the other two accounts do charge commission fees.  MAMM and IB accounts are offered, in addition to free demo accounts.


If you open an account with CGM, you’ll be trading from the award winning MetaTrader 4 platform. MT4 comes equipped with interactive charts, 30 technical indicators, 33 analytical objects, 9 time-frames, and multiple chart types. This program is preferred by professionals and is the most widely offered platform among Forex brokers. You can download the platform on PC or Mac and from the App Store and Google Play Store. If you’re looking to download, simple navigate to the ‘Platform’ page on the broker’s website and select your device. MT4 can also be accessed directly from browsers through WebTrader.


All accounts offer the same maximum leverage of 500:1, which is really special. Elsewhere, you’ll find that options are more limited, especially when you’re talking about accounts that require much larger deposits. Other brokers tend to limit the leverage option on accounts that resemble CGM’s Prime account in order to limit losses. This is done with good intention, but some traders may feel too restricted by these limitations. Fortunately, if you are trading from one of the higher dollar accounts, you’ll have access to very high leverages. Do keep in mind, regardless of which account type you’ve chosen, that it is riskier to trade with higher leverages, especially with an option that is this high. If you’re a beginner, you may want to choose a leverage that’s more in the area of 100:1, or one hundred times the funds available in your account.

Trade Sizes

The minimum trade size is 0.01 lots, otherwise known as micro lots, for all three account types. The maximum trade size tips the scales at 150 lots, which is one of the highest options we’ve seen. The margin call and stop out levels are also the same for all three account types. You can view those levels below.

Margin Call: 50%

Stop Loss: 50%

Note that reaching the margin call level would mean that you need to deposit more funds, or close out some trades, because you will not be allowed to open any new positions. If you hit the stop loss level, your positions would be closed by the system. This is something that is put in place by every Forex broker in an attempt to stop accounts from going negative.

Trading Costs

The Standard account is the only commission free account option, but the spreads are highest, starting at 0.9 pips for this account type. The second-best option is the Prime account, which has commission fees that start from $1.50. In addition to the spreads starting at 0 pips, this account is an attractive option, but many won’t be able to meet the deposit requirement. If you can’t, you may want to consider the Pro account, which has commissions set at $3 per side with some volume discounts. Note that this account also has spreads starting at 0 pips and a more reasonable deposit minimum. You’ll also want to keep swap fees in mind if you’re considering this broker.


CGM does list the types of assets they offer, but the website does not list the instruments specifically. We do know that the broker offers currency pairs, but it’s unclear how many are available. Indices are also available, also known as equity indices. Finally, we know that commodities are available as well, which include items like coffee and sugar. If you’d like more information, the best thing to do is to open a demo account so that you can view all of the available assets. Also, you’ll find that cryptocurrencies are missing from the list. Overall, it’s a little disappointing that the website doesn’t offer more specific information.


The Standard account comes with the highest spreads, starting at just 0.9 pips. The fact that one can open an account with just $50 and take advantage of better than average spreads really stood out to us. For both the Pro and Prime accounts, the spreads start at 0 pips. You can’t do better than this and it is very rare to see the best spread offer for an account with a lower deposit minimum, like the Pro account. Overall, the spreads with this broker are very competitive, regardless of which account you choose.

Minimum Deposit

The smallest deposit option of $50 is exclusive to the Standard account. You will occasionally find lower offers with other brokers, but we feel that this is a solid deposit minimum that is not too large for beginners but is enough to allow one to actually trade with. Since the industry average leans more towards $100, this option isn’t bad at all. However, there is a more significant deposit of $500 required if you’ve chosen the Pro account. This amount may seem high, but it is not too unreasonable for this account type. If you’re looking the open the Prime account, you’ll need to deposit $50,000. This account type is meant for experienced professionals, so this amount may not seem too outrageous to those that qualify. If you’re inexperienced or don’t have a lot of funds to start with, you’ll need to focus on the Standard or Pro account types.

Deposit Methods & Costs

CGM offers several popular methods for deposits. All of the available methods include credit/debit card, Neteller, Skrill, Union Pay, bank wire, and Poli Pay. We would have liked to see Bitcoin included in the list, but these are still good options. The broker does not charge any fees for depositing through any method, but to avoid surprises, you should expect to incur some type of fee from your bank’s side if you fund via bank wire. All of the available deposit methods, aside from bank wire, are processed instantly 24 hours a day. This is truly one of the best processing times we’ve seen, especially with it being available for almost every method. Bank wire will take between 1 and 5 business days to be deposited to your account. This time frame is average for this method and you’ll have a hard time finding a better processing time for bank wire elsewhere.

Withdrawal Methods & Costs

The website was not as forthcoming with information about withdrawals. We do know that you need to fill out a form to request a withdrawal, but the website doesn’t tell much else. However, we can assume that credit/debit card, Neteller, Skrill, Western Union, and Poli Pay would be the quickest withdrawal methods.  It’s also unclear whether these methods have fees, but it’s safe to assume that your bank would charge some type of fee for bank wire. You should be prepared to pay around $30 if you choose this method, but you can ask your bank if you need to know what the specific charge would be. If you need to know more about the withdrawal methods, feel free to reach out to support on a weekday.

Withdrawal Processing & Wait Time

The website doesn’t list processing or wait times. Bank wire would likely take 3 to 5 business days to be received, which is the industry average. Other methods would likely be received faster, likely the same day, or within a day or two after the request has been made. Since support needs to approve the withdrawal request, we assume that there would be some type of processing delay.

Bonuses & Promotions

We weren’t able to find any ongoing bonuses or promotions at the time this article was written. This was a little disappointing, since many brokers offer a referral program, at the very least. Still, these opportunities are sometimes made available to trick traders into thinking that there are easy ways to make money, when there are actually several requirements that make the bonuses almost impossible to receive. If you decide to consider another broker that does offer a bonus, be sure to check the terms and conditions to ensure that the bonus has realistic goals.

Educational & Trading Tools

You won’t find anything available in the way of education or extra tools with this broker. We do consider the demo account to be a great educational tool, and you’ll find a variety of built-in tools within the MT4 platform, but we would’ve liked to see more offered directly via the company’s website. It’s nice when brokers acknowledge that some of their clients are beginners and may need some extra help getting started, so they really missed the mark on this category.

Demo Account

Free demo accounts are offered for anyone that would like to brush up on their trading skills. Creating a demo can be a wonderful way to practice and we do suggest testing one if you’ve never traded from a live account before. When opening the account through CGM, you’ll be asked for your name, email address, country, and phone number. Once you’ve registered, you’ll receive a link to verify your demo account in your email. Be sure to check your spam folder if you’re having trouble locating the verification email.

Customer Service

Support is available via Live Chat, phone, and email. The quickest way to get in touch with an agent would be through LiveChat, however, it seems that the company does not have this feature available 24/7. Since the website doesn’t list their customer service hours, it may be best to try phone or email if you cannot connect with live support. The company provides two phone numbers and an email address, both of which have been listed below.

Email: service@cardiffglobal.com

Phone: 1300 026 888

Int. +61 2 8379 8980

Countries Accepted

At the bottom of their website, CGM states that they do not accept applications from users in the US or Japan and that the website is intended for those located in Australia. However, you’ll find the US, Japan, and all other countries on the country selection list when opening an account. We were able to successfully register with this broker from our US based offices. Since the US is listed under the countries section of the drop-down list, there is no reason to worry about running into any issues with verification if you’re based in the US. We didn’t actually test the method from Japan, but it’s safe to assume that the process would still be successful.


If you’re interested in opening an account with Cardiff Global Markets, you’ll have three account types to choose from, each of which has a minimum deposit requirement ranging from $50 to $50,000. Some downsides to choosing CGM include lack of bonus opportunities, lack of information about withdrawals, and that no educational information is offered on the website. You’ll also find that the company is a bit vague when describing the assets they have available, although we do know that trading cryptocurrencies is out of the question.

On the other hand, there are several advantages to choosing this broker as well. You’ll find that the same highly competitive leverage is offered for every account type, which is rare. Spreads start at 0 pips for two of the account types and are still below average for the Standard account. There is one commission free account option and you’ll also find that the commission fees on the Prime account are low. While we don’t know much about the withdrawals, we do know that there are several instant methods available for funding and that CGM doesn’t charge any fees for deposits. If this broker would simply offer more in the ways of education and update the withdrawals section of their website, we feel that they would be one of the best brokers we’ve seen. Still, there are a lot of advantages to choosing this broker, especially since they are regulated and viewed as being trustworthy.


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