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CANDEAL

Canada|5-10 years|
Market Making(MM)|Suspicious Scope of Business|Medium potential risk|

https://www.candeal.com/en

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Canada 2.82

Surpassed 64.79% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 866.422.6332
support@candeal.com
https://www.candeal.com/en
50 Bay Street, Suite 1200 Toronto, Ontario M5J 3A5

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+1 866.422.6332

Broker Information

More

Company Name

CanDeal Inc

Company Abbreviation

CANDEAL

Platform registered country and region

Canada

Company website
Twitter

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2024-04-24
  • The current information shows that this broker does not have a trading software. Please be aware!

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CANDEAL · Company Summary

CANDEAL Review Summary
Company Name CanDeal Inc
Founded 2001
Registered Country/Region Canada
Regulation IIROC (Regulated)
Market Instruments Rates, Money Markets, Derivatives, Credit
Demo Account N/A
Leverage N/A
Spread N/A
Commission N/A
Trading Platforms Web Trader
Minimum Deposit N/A
Customer Support Tel: +1.866.422.6332, Email: Support@CanDeal.com, Social Media: X, LinkedIn
Company Address 50 Bay Street, Suite 1200, Toronto, Ontario, M5J 3A5; 1000, rue de la Gauchetière ouest, bureau 360, Montréal, Québec, H3B 4W5

What is CANDEAL?

Founded in 2001, CanDeal Inc operates as a regulated online trading platform based in Canada. With regulatory oversight from the Investment Industry Regulatory Organization of Canada (IIROC), CanDeal facilitates a relatively secure and compliant environment for users to engage in various financial instruments.

CANDEAL's homepage

Pros & Cons

Pros Cons
  • Regulated by IIROC
  • Info on Key Trading Conditions Are Missing
  • Experienced Broker

Pros:

  • Regulated by IIROC: CANDEAL is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), providing a level of oversight and adherence to regulatory standards that can enhance user trust and security.

  • Experienced Broker: With a history dating back to 2001, CANDEAL is an experienced broker, which indicates a longstanding presence and expertise in the financial industry.

Cons:

  • Info on Key Trading Conditions Are Missing: Crucial information such as leverage, spread, commission, and minimum deposit is not provided, leaving potential users uninformed about essential aspects of the trading environment.

Is CANDEAL Safe or Scam?

  • Regulatory Sight: CanDeal is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which is a reputable regulatory body overseeing investment dealers and trading activity in Canada. The platform holds a Market Making (MM) license from IIROC, ensuring that it complies with regulatory standards and operates within the legal framework established by Canadian financial authorities.

regulated by IIROC
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

Market Instruments

CANDEAL offers a diverse range of market instruments, including Rates, Money Markets, Derivatives, and Credit. These instruments cater to various financial markets and provide users with opportunities to trade in interest rates, money market securities, derivatives products, and credit instruments. The inclusion of these instruments allows traders on CANDEAL to engage in different segments of the financial markets, contributing to a comprehensive and versatile trading experience.

Market Instruments

Trading Platform

CANDEAL provides customers with their self-developed trading platform - CANDEAL Web Trader. It is designed for convenient and accessible online trading. It offers users the ability to execute trades, access market information, and manage their investment portfolios through a web browser without the need for downloading or installing additional software. It provides users with a user-friendly interface and essential tools for effective trading within the financial markets.

Customer Support

CANDEAL provides customer support through various channels, including telephone and email. Users can contact the support team by calling +1.866.422.6332 or reaching out via email atSupport@CanDeal.com. Additionally, CANDEAL has a presence on social media platforms -Twitter (https://twitter.com/candeal?lang=en) and LinkedIn(https://www.linkedin.com/company/candeal/). The company maintains physical addresses in both Toronto, Ontario (50 Bay Street, Suite 1200, M5J 3A5), and Montréal, Québec (1000, rue de la Gauchetière Ouest, bureau 360, H3B 4W5), offering users the option of reaching out through multiple means for assistance and inquiries.

contact details

Conclusion

CANDEAL is a well-established and regulated online trading platform based in Canada, offering a variety of financial instruments under the oversight of the Investment Industry Regulatory Organization of Canada (IIROC). While it has a commendable history dating back to 2001 and operates with regulatory compliance, the lack of clear information on key trading conditions poses transparency concerns for potential users.

Frequently Asked Questions (FAQs)

Q: Is CANDEAL regulated?

A: Yes, CANDEAL is regulated by the Investment Industry Regulatory Organization of Canada (IIROC).

Q: Does CANDEAL support MT4/MT5?

A: No, it doesn't.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

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DFGHJK
more than one year
I recently had a rather frustrating encounter with CANDEAL due to a significant technical error. To make matters worse, the compensation offered for the inconvenience was only 10% of the losses incurred.
2024-01-18 18:51
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Lonely_panda
more than one year
Disappointed! Can't trust anyone! I've been trading with CANDEAL for over a year. First withdrawal of $450 went smoothly, but my second deposit made on October 25, 2023, is still not reflected in my trading account. Despite providing all details, account info, payment proof, and time, CANDEAL claims they haven't received any funds. According to my bank, the global center transferred my money to another bank with a different account. No clarity. After responding to CANDEAL with the correct email address (Gmail), they blocked my account. My emails are stuck in a queue. My question is: If you're not at fault, why block my account?
2023-12-28 13:55
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