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Rating Index

Pros

Regulated by BaFin, providing a level of trust and oversight.
Offers a wide range of trading instruments, including stocks, CFDs, and forex pairs.
Provides access to multiple trading platforms, catering to different trader preferences.

Cons

High minimum deposit requirement of €2,000, which may be a barrier for new traders.
Lack of clarity regarding maximum leverage and specific fees, making it difficult for traders to understand potential costs.
Customer support options are limited to email and phone, which may not be as responsive as live chat or in-person support.

CFXS broker Accounts

CFX Broker Account Types

CFX Broker offers various account types tailored to meet the needs of different traders. As an introducing broker for Saxo Bank Denmark, the specific account types available are determined by Saxo Bank. Currently, CFX Broker requires a minimum deposit of €2,000 to open an account. Traders can access a diverse range of trading instruments, including more than 19,000 shares, over 9,000 CFDs, more than 200 futures, and forex trading with over 180 currency pairs. Additionally, CFX Broker provides trading platforms such as CFX Trader Pro, Trader Go Web, and Trader Go App, compatible with web, iOS, and Android devices.

CFX Broker Account Opening Process

The process of opening a CFX Broker account involves several steps:

  • Complete Account Registration:
    • To register, traders must fill out the account documents available on the CFX Broker website and send them by post to the brokerage.
    • Minimum Deposit:
      • A minimum deposit of €2,000 is required to activate the trading account.
      • Know Your Customer (KYC) Process:
        • CFX Broker will conduct a basic KYC process to verify the submitted details, ensuring the safety of funds and account information.
        • Account Activation:
          • Once the account is created and the minimum deposit is made, the account activation typically takes up to 24 hours.
          • Trading Capital:
            • After account activation, traders can deposit their trading capital and begin trading.

            By following these steps, traders can successfully open an account with CFX Broker and start accessing a wide range of trading opportunities.

CFXS accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
CFXS Account