CFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.circleforex.com/member/qrcode, about the company's legal and temporary regulatory information, the company's address .
CFX Forex Broker
Basic Information
New Zealand
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Is CFX safe or scam
Cfx Broker - Comprehensive Information Guide
1. Overview of the Broker
Cfx Broker, officially known as Cfx Broker GmbH, was founded in 2008 and has its headquarters located in Ruderting, Germany. This private company operates within the financial services sector, primarily focusing on retail forex and CFD trading. Cfx Broker provides access to a wide array of financial instruments, catering to both individual and institutional clients.
Since its inception, Cfx Broker has established itself as a reputable player in the forex trading space. It has evolved significantly over the years, adapting to the dynamic nature of the financial markets and integrating advanced trading technologies. One of the key milestones in its development was the partnership with Saxo Bank, which allows Cfx Broker to act as an introducing broker, providing clients with access to a robust trading platform and extensive market offerings.
The companys business model revolves around offering comprehensive trading solutions that encompass forex, CFDs, stocks, futures, and ETFs. This diverse range of services is designed to meet the needs of various market participants, from retail traders to institutional investors.
2. Regulatory and Compliance Information
Cfx Broker is regulated by the Federal Financial Supervisory Authority (BaFin) in Germany, which is recognized for its stringent regulatory standards. The regulatory license number and specific details regarding the scope of this regulation are not explicitly stated in the available sources, but BaFin is known for overseeing financial institutions to ensure compliance with German and EU financial regulations.
As part of its commitment to regulatory compliance, Cfx Broker adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) measures. These protocols are designed to prevent fraud, money laundering, and other illicit activities, ensuring a secure trading environment for all clients. Customer funds are held in segregated accounts, providing an additional layer of security.
Investors can rest assured that their capital is safeguarded under the protections offered by BaFin, which includes an investor compensation scheme. This scheme provides a safety net for clients in the event of a broker's insolvency, further enhancing the trustworthiness of Cfx Broker.
3. Trading Products and Services
Cfx Broker offers an extensive selection of trading products, making it a versatile choice for traders. The broker provides access to over 180 currency pairs for forex trading, catering to both major and exotic currencies. In addition to forex, Cfx Broker allows trading in more than 9,000 CFDs, covering various asset classes such as indices, commodities, and cryptocurrencies.
The broker also offers a diverse range of futures contracts, with over 200 available on various international exchanges. Traders can also access more than 19,000 shares from over 36 international stock exchanges, alongside 3,000 ETFs and 5,000 bonds. This wide array of products ensures that traders have ample opportunities to diversify their portfolios and capitalize on market movements.
Cfx Broker is dedicated to staying competitive, frequently updating its product offerings to include new and innovative financial instruments that meet the evolving needs of its traders.
4. Trading Platforms and Technology
Cfx Broker supports several trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their user-friendly interfaces, advanced charting tools, and extensive technical analysis capabilities. Traders can also benefit from automated trading options through these platforms.
In addition to MT4 and MT5, Cfx Broker offers its proprietary trading platform, Cfx Trader Pro, which can be installed on both PC and Mac. The broker also provides a web-based platform, Trader Go Web, which allows traders to access their accounts from any device with an internet connection. For those on the move, the Trader Go App is available for iOS and Android devices, ensuring that clients can manage their trades anytime, anywhere.
The execution model employed by Cfx Broker is not explicitly defined in the available resources, but it is essential for traders to understand the execution conditions and any potential fees associated with their trading activities.
5. Account Types and Trading Conditions
Cfx Broker offers a range of account types to cater to different trading styles and preferences. The minimum deposit requirement to open an account is €2,000, which is a standard threshold for accessing various trading services.
For standard accounts, traders can expect competitive spreads and low commission fees, although specific details on spreads and commissions are not extensively provided on the broker's website. Cfx Broker also offers advanced account types, such as VIP or professional accounts, which may come with additional benefits and lower trading costs.
While details about Islamic accounts or corporate accounts are not explicitly mentioned, the broker does provide a demo account for new traders to practice their skills without financial risk. Leverage ratios are determined by the introducing broker, Saxo Bank, and may vary depending on the asset class being traded.
6. Fund Management
Cfx Broker supports a variety of deposit methods, including bank transfers and credit/debit card transactions. However, specific details regarding the available payment methods are not extensively outlined in the sources. The minimum deposit requirement for different account types remains consistent at €2,000.
Deposits are typically processed within a reasonable timeframe, allowing traders to access their funds quickly. Withdrawal options also depend on the introducing broker, and while the exact processing times and fees are not specified, it is crucial for traders to be aware of any potential withdrawal limits or fees that may apply.
7. Customer Support and Educational Resources
Cfx Broker provides customer support through various channels, including email and telephone. The support team is available 24/5, ensuring that traders can receive assistance during market hours. The broker offers support in both English and German, catering to a diverse clientele.
In terms of educational resources, Cfx Broker provides some trading tutorials and guides to help new traders understand the market dynamics and trading strategies. Additionally, clients can access market analysis services, including daily updates and research reports, to aid their trading decisions.
8. Regional Coverage and Restrictions
Cfx Broker primarily serves clients in Germany and other European countries, but specific details regarding its regional coverage and the distribution of its offices are not extensively detailed in the available information. The broker's website does not explicitly mention countries where clients are not accepted, but it is essential for potential clients to verify their eligibility based on local regulations.
In summary, Cfx Broker is positioned as a reliable and comprehensive trading platform, offering a wide range of financial products and services to meet the needs of various traders. With its regulatory backing from BaFin, commitment to security, and diverse trading offerings, Cfx Broker stands out as a competitive choice in the forex and CFD trading landscape.
CFX Similar Brokers
Latest Reviews
下雨天45122
Hong Kong
I deposited 100$ on CFX in December last year. I learned some stock knowledge through reading and refused to follow those so-called masters’ instructions. Little by little, they ignored me. At that time, I could still withdraw and trade. I didn’t suspect the platform back then, since they have live rooms. Now they are all missing. I can’t log in to the platform or withdraw.
Exposure
2019-11-12
霏薇
Hong Kong
My name is Chen Liushan. I live in Qingbaijiang District, Chengdu City, Sichuan Province. In March 2018, a person from GCMASIA Foreign Exchange Investment QQ Group added me as a friend and said that he wanted to communicate foreign exchange with me. From March 2016 to March 2018, I trade on the GCMASIA forex platform and lost more than 300,000 RMB), After he added me as a friend, he induced me to go to CFX platform for foreign exchange trading, saying that the platform is very legit, and the trading spread is relatively low. In this way, this person invited me into this foreign exchange platform and then assisted me in opening an account and depositing money. Then I started trading on this platform. I deposited $1,000 for the first time, and then applied for a bonus. The platform arranged for me a female analyst named Huang. She added me on WeChat and communicated with me by phone or WeChat. After trading CFX, I quickly lost money. Then my analyst let me increase the funds and let me follow her operation to recover the loss as soon as possible. In one year, I changed a total of 3 analysts and 4 WeChat accounts on the platform. The first analyst changed two Wechat accounts before and after, which eventually led me to lose $50,000! Later I tried to contact the platform and they ignored it! I am now exposing this scam platform.
Exposure
2019-04-03
FX1244383336
New Zealand
The website of this company CFX is only available in Chinese. More importantly, it has no valid regulations at all. Please, invest in an unregulated company is like playing with fire.
Positive
2023-02-17
paul97327
Spain
I see that this company has a Chinese only website, and the supposed license granted by FCA is possibly cloned! I can understand the content thanks to google translate, that the trading conditions are attractive, but I don't dare put my money at risk.
37130
2022-12-05
FX1800538296
Hong Kong
Recently someone called himself CFX’s manager Mr. Yang called me. He asked me on Wechat to delete my post “CFX’s analyst scammed clients and made their positions liquidated”. Check out the Wechat chat history. Look how he tried to coax me to delete my post.
Exposure
2019-02-27
Chandeller Bang0000
Hong Kong
In last April, by fabricating fake information, CFX helped client pass through the risk test. Claiming that they have teachers to give instructions, they induced clients to deposit fund. After making clients’ accounts liquidated, they even threatened them to promise that the loss is irrelevant to the platform. Otherwise, their accounts would be blocked.
Exposure
2020-01-02