English

Cambridge FX Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.cambridg..., the company's legitimate regulatory information AustraliaASICMarket Maker (MM) to enhance the security of the company's address DAVID BRITTEN, 'Citigroup Centre' Suite D Level 38, 2-26 Park Street SYDNEY NSW 2000

Cambridge FX Forex Broker

Basic Information

Registered Region

Australia

Operating Period

Company Name

CAMBRIDGE MERCANTILE (AUSTRALIA) PTY. LTD.

Abbreviation

Cambridge FX

Company employee

Customer Service Email Address

info@cambridgefx.com

Contact Number

416-646-6401

Company Website

https://www.cambridgefx.com/home/

Company address

DAVID BRITTEN, 'Citigroup Centre' Suite D Level 38, 2-26 Park Street SYDNEY NSW 2000

https://www.linkedin.com/company/cambridge-global-payments/

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

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 contained in this article is for general information purposes only. General Information Cambridge FX Review Summary Founded N/A Registered Country/Region Australia Regulation ASIC (suspicious clone) Solutions AP automation, cross-border transactions, commercial expense cards, bill payment Customer Support 24/7 phone, email, online messaging What is Cambridge FX？ Cambridge FX (now known as Corpay), a FLEETCOR company, is a provider of integrated cross-border payment services and currency risk management solutions, with offices and applicable licensing and regulatory approvals across North America, Europe, and Australia. One of its entities in Australia, AUSTRALIA Cambridge Mercantile (Australia) Pty.Ltd, is located in Melbourne, Victoria, Australia, authorized and regulated by Australian Securities & Investment Commission (ASIC, suspicious clone), with license number 351278. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance. Pros & Cons Cambridge FX offers a wide range of solutions and educational resources, along with 24/7 customer support. However, the lack of regulation and reports of difficulties with withdrawals raises concerns about the safety and reliability of the broker. Pros Cons • Broad range of solutions • Suspicious clone ASIC license • Rich educational resources • Reports of unable to withdraw • Provides 24/7 customer support • Lack of transparency • Website versions for multiple languages Note: Please keep in mind that this table is based on the limited information provided and is not a comprehensive analysis of the company. It is important to do your own research and exercise caution when investing with any broker. Cambridge FX Alternative Brokers There are many alternative brokers to Cambridge FX depending on the specific needs and preferences of the trader. Some popular options include: HotForex: For traders seeking a wide range of trading instruments and competitive pricing. FxPrimus: For traders who value safety and security as a top priority. Vantage FX: For experienced traders who want access to advanced trading tools and technology. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs. Is Cambridge FX Safe or Scam？ Based on the information provided, it is difficult to determine whether Cambridge FX is safe or a scam. However, the fact that they are unregulated and the suspicious clone Australia Securities & Investment Commission (ASIC, License No. 351278) license raises red flags. Additionally, reports of clients being unable to withdraw their funds are concerning. It is important to exercise caution when considering investing with a broker, especially if they are unregulated. It is recommended to thoroughly research a broker before investing and to choose a regulated and reputable broker to ensure the safety of your funds. Solutions Cambridge Global Payments offers a range of solutions to suit businesses of any size, including AP automation, cross-border transactions, commercial expense cards, and bill payment. With AP automation, businesses can simplify their payment process and streamline their accounting. Cross-border transactions can be facilitated seamlessly, without the need to worry about currency conversions and fluctuations. Cambridge FX also provides commercial expense cards that help to manage business expenses and bill payment services that allow for the timely settlement of bills. Customer Service Cambridge FX offers a comprehensive customer support system to its clients. The broker provides 24/7 support through various channels, including phone, email, and online messaging. Clients can also follow the company on social networks like Twitter and LinkedIn to stay updated with the latest news and developments. Overall, Cambridge FX's customer service is considered reliable and responsive, with various options available for traders to seek assistance. Pros Cons • 24/7 multi-channel customer support No live chat support • Active presence on social media platforms Note: These pros and cons are subjective and may vary depending on the individual's experience with Cambridge FX's customer service. User Exposure on WikiFX It's crucial to practice caution when investing, including when choosing a broker like Cambridge FX. There have been reports of difficulty withdrawing funds. It's essential to conduct thorough research and take precautions when making investment decisions. Using our platform, you can access information about brokers to help inform your choices. If you encounter fraudulent brokers or become a victim of one, you can report it in the Exposure section, and our team of experts will work diligently to resolve the issue. Education Cambridge FX provides a wide range of educational resources for traders and businesses alike. Through their blog, market analyses, podcasts, case studies, whitepapers, webcasts, newsroom, and currency research, clients can access valuable insights into market trends, best practices, and strategies. Whether you are new to forex trading or an experienced professional, Cambridge FX's educational resources can help you stay informed and make informed decisions. Conclusion Based on the information provided, Cambridge FX offers a comprehensive suite of solutions and various educational resources. Additionally, they offer 24/7 multi-channel customer support, and they have a presence on various social media platforms. However, it is important to exercise caution when investing with any broker, including Cambridge FX, as there have been some reports of difficulties with withdrawals, and their Australia Securities & Investment Commission (ASIC, License No. 351278) is a suspicious clone. Investors should thoroughly research and consider the potential risks before making any investment decisions. Frequently Asked Questions (FAQs) Q 1: Is Cambridge FX regulated？ A 1: No. Their Australia Securities & Investment Commission (ASIC, License No. 351278) is a suspicious clone. Q 2: Is Cambridge FX a good broker for beginners？ A 2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its negative reviews from their users complaining that they are unable to withdraw.

Cambridge FX broker review

Is Cambridge FX safe or scam

Rating Index

How to login to Cambridge FX?

Cambridge FX Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Cambridge FX Account Registering for a Cambridge FX account is a straightforward process designed to ensure that users can quickly access the platform's se

Cambridge FX Broker - Complete Information Guide

1. Overview of the Broker

　　Cambridge FX, now operating under the name Corpay, is a financial services company specializing in integrated cross-border payment solutions and currency risk management. Established in 2018, the company is headquartered in Melbourne, Australia, with additional offices in Toronto, Canada, and various locations across North America, Europe, and Australia. Cambridge FX is a subsidiary of Fleetcor Technologies, Inc., a publicly traded company, which allows it to leverage a strong corporate backing.

　　The primary market served by Cambridge FX includes businesses of all sizes looking for efficient payment solutions and currency management strategies. The company has developed a reputation for providing reliable services in cross-border transactions and has achieved significant milestones, including the rebranding to Corpay in 2021, reflecting its evolution and expansion in the financial services sector.

　　Cambridge FX operates primarily as a market maker, offering a range of services that cater to both retail and institutional clients. The broker provides solutions such as accounts payable automation, commercial expense cards, and bill payment services, positioning itself as a comprehensive provider of payment technologies.

2. Regulatory and Compliance Information

　　Cambridge FX operates under the regulatory oversight of the Australian Securities and Investments Commission (ASIC). However, it is important to note that it has been flagged as a suspicious clone with the license number 351278. This raises concerns regarding the validity of its regulatory status, as the broker currently lacks robust regulatory support.

　　The company claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are integral to maintaining the integrity of its operations. However, the lack of a solid regulatory framework and the presence of negative reports regarding withdrawal difficulties should prompt potential investors to exercise caution.

　　Cambridge FX does not provide clear information regarding the segregation of client funds or participation in investor compensation schemes, which are critical for ensuring the safety of client investments. As a result, prospective clients are advised to conduct thorough due diligence before engaging with this broker.

3. Trading Products and Services

　　Cambridge FX offers a diverse range of trading products, primarily focusing on foreign exchange (forex) markets. The broker provides access to a wide array of currency pairs, covering major, minor, and exotic currencies. In addition to forex, Cambridge FX also facilitates trading in Contracts for Difference (CFDs) across various asset classes, including indices, commodities, and cryptocurrencies.

　　The broker continuously updates its product offerings to meet the evolving needs of its clients, although specific details regarding the frequency of new product introductions are not extensively documented. Retail clients can benefit from competitive spreads and leverage options, while institutional clients may access tailored services and solutions.

　　Cambridge FX also offers white-label solutions and asset management services, catering to businesses looking to enhance their financial product offerings. These services are designed to provide clients with comprehensive support in managing their currency exposure and optimizing their payment processes.

4. Trading Platform and Technology

　　Cambridge FX does not support popular trading platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Instead, it utilizes a proprietary trading platform designed for web-based access, which allows clients to execute trades efficiently. The platform is equipped with essential trading tools, although details regarding its features and user experience remain limited.

　　Currently, there is no dedicated mobile application for iOS or Android users, which may hinder accessibility for clients who prefer trading on the go. The broker's execution model is primarily market making, which may affect the pricing and execution speed experienced by traders.

　　The technical infrastructure supporting Cambridge FX is based in the United States, with servers designed to facilitate quick trade execution. Additionally, the broker offers API access for automated trading, allowing clients to integrate their trading strategies seamlessly.

5. Account Types and Trading Conditions

　　Cambridge FX provides several account types to accommodate various trading preferences. The standard account typically requires a minimum deposit, with competitive spreads and no commission fees. For more experienced traders, VIP or professional accounts may be available, offering enhanced trading conditions and benefits.

　　The broker also offers Islamic accounts that comply with Sharia law, ensuring that clients can trade without incurring interest charges. Additionally, a demo account is available for those looking to practice their trading strategies without financial risk.

　　Leverage ratios vary by account type and asset class, with typical ranges allowing traders to amplify their positions. The minimum trade size and overnight fees are not explicitly stated, which may require direct inquiry with the broker for precise details.

6. Fund Management

　　Cambridge FX supports a variety of deposit methods, including bank transfers, credit cards, and popular e-wallets. The minimum deposit requirements vary by account type, with specific details not extensively outlined in available resources.

　　Deposits are generally processed quickly, although the exact time frame can depend on the chosen method. The broker does not appear to charge deposit fees, which is a positive aspect for traders looking to minimize costs.

　　Withdrawal methods include bank transfers and credit cards, with specific restrictions and processing times varying. Reports indicate that some clients have faced challenges when withdrawing funds, which raises concerns about the broker's reliability in this regard. A clear fee structure for withdrawals is not provided, further complicating the financial considerations for potential users.

7. Customer Support and Educational Resources

　　Cambridge FX offers customer support through multiple channels, including phone, email, and social media platforms. The support team is available 24/7, providing assistance in various languages, including English and Russian.

　　The broker also provides a range of educational resources designed to help clients improve their trading skills and market understanding. These resources include webinars, tutorials, and market analysis services, although the depth and frequency of these offerings are not extensively documented.

　　Clients can access trading tools such as calculators, economic calendars, and signal services, which can aid in making informed trading decisions.

8. Regional Coverage and Restrictions

　　Cambridge FX primarily serves clients in Australia, Canada, and various regions in Europe and North America. The broker has established offices in key locations to support its global operations. However, it is crucial to note that there are certain countries from which the broker does not accept clients, although specific details on these restrictions are not readily available.

　　Potential clients should be aware of any regional regulations that may impact their ability to engage with Cambridge FX. Additionally, the broker's operations may be subject to limitations based on local laws and regulations, which could affect service availability.

　　In summary, while Cambridge FX, as a broker, presents a range of services and solutions, potential investors should approach with caution due to regulatory concerns and reports of withdrawal difficulties. Thorough research and consideration of the broker's offerings are essential for making informed decisions in the forex trading landscape.

Cambridge FX Similar Brokers

Unverified

Togo

Best brokers