CGFX Forex Broker

CGFX Review SummaryFounded2011Registered Country/RegionMauritiusRegulationFSC (Offshore)Market InstrumentsForex, Metals, Indices, Shares and CommoditiesDemo Account✅LeverageUp to 1:400SpreadFrom 0.0 pipsTrading PlatformMT5Social Trading✅Min Deposit$50Customer Support24/6 multilingual supportLive chat, contact formTel: +1 (650) 491-9997, +44 204 571 6608WhatsApp: +1 (650) 491 - 9997Email: info@cgfx.comSocial media: Facebook, Instagram, YouTube, Linkedin, WhatsAppAddress: Suite 305, Griffith Corporate Centre, Pobox 1510, Beachmont, Kingstown, Saint Vincent and the GrenadinesPremier Business Center, 10th Floor, Sterling Tower, 14 Poudriere St., Port Louis, Republic of MauritiusRegional RestrictionsThe United States, Iran, Syria, and North Korea CGFX, also known as Commercial Group FX, is an online trading broker that provides access to the popular MT5 platform. It offers a variety of trading instruments across different asset classes. The company was originally established as Commercial Group for Trading in International Markets (CGTIM) in 1998 and was the first of its kind to be registered in the Hashemite Kingdom of Jordan. In 2011, CGTIM underwent rebranding and expansion efforts, leading to its current name, Commercial Group FX (CGFX).Pros and ConsPros Cons Various trading assetsOffshore FSC regulationDemo accounts offeredRegional restrictionsMultiple account typesCommission-free account offeredTight spreadsPopular trading platform MT5Social tradingLow minimum depositMultiple payment optionsLive chat support24/6 multilingual supportIs CGFX Legit? CGFX states that they have implemented safeguards such as Segregation of accounts, Banking relations, and secure technologies and services to protect their clients. However, it is offshore regulated by the Financial Services Commission (FSC). Therefore, investing with CGFX carries a certain level of risk.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.The Financial Services Commission (FSC)Offshore RegulatedCG Global LtdRetail Forex LicenseGB22200249What Can I Trade on CGFX?Tradable Instruments Supported Forex✔Metals✔Indices✔Shares✔Commodities✔Bonds❌Options ❌ETFs❌Account Type CGFX offers three account types: CG-Plus, CG-PRO and CG Prime. Demo accounts, swap-free accounts are also offered.Account TypeMin DepositCG-Plus$50CG-PRO$250CG Prime$1 000Leverage CGFX's leverage is capped at 1:400. Note that high leverage not only brings high profits but also high losses.Spread and Commission CGFX's spreads and commissions both vary by accounts.Account TypeSpreadCommissionCG-PlusFrom 1.0 pips❌CG-PROFrom 0.6 pips$5/lotCG PrimeFrom 0.0 pips$3/lotTrading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔PC and MobileExperienced tradersMT4❌/BeginnersDeposit and Withdrawal CGFX accepts deposits and withdrawals via Crypto, Perfect Money, Bank Transfer, SticPay, Local Banks, CGFX Card, Local Depositors, Whish Money, Khipu, PagoFacil, Rapipago, Boleto-Boleto, Lottery Pagamento, Wallet AME, DepositExpress, Wallet Paypal, Open finance, Wallet Picpay, РІХ, Credit Card, Bancolombia, Cash, Dale, Claro Pay, Daviplata, Efecty, Gana, Movii, Nequi, PSE, SuRed, CoDi, Rappipay, TPaga, OXXO Pay, OXXO, Todito cash, SPEI, Wallet MADA, Agora pay, BBVA, Bim, Interbank, izipayYA, Kontigo, Ligo,Mobile card, Plin, Scotiabank, Sodexo, Tunki, Tarjeta W, Wallet diners, Yape, M-Pesa, Eazy, ΜΤΝ, Airtel Money, Tigo Pesa, Zamtel, Halo Pesa, and Vodacom Mpesa.