Rating Index
Pros
Indirectly regulated by BaFin, providing a level of oversight.
Offers a wide range of trading instruments, including stocks, futures, ETFs, CFDs, and forex.
Capital is guaranteed by Danish deposit insurance up to €100,000.
Cons
Minimum deposit requirement is relatively high at €2,000, which may be a barrier for new traders.
Leverage options are not clearly indicated, making it difficult for traders to assess risk.
Customer support has received mixed reviews, with reports of slow response times.
CFX broker Accounts
CFX Broker Account Opening Process
To open an account with CFX Broker, follow these steps:
Registration: Visit the CFX Broker website and find the account opening section. Fill out the registration form with your personal details, including your name, email address, and phone number. You will also set a username and password for your account.
Verification: After submitting your registration, you will need to verify your identity and residency. This typically involves uploading a government-issued ID (such as a passport or driver's license) and a proof of address document (like a utility bill or bank statement).
Funding: Once your account is verified, navigate to the deposit section of your account dashboard and choose your preferred deposit method. The minimum deposit required to open an account is €2,000.
Account Activation: After funding your account, it may take up to 24 hours for your account to be activated, and you will then be able to start trading.
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