English

CLFX Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.cl-forex...., the company's legitimate regulatory information United KingdomFCAInvestment Advisory License to enhance the security of the company's address

CLFX Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

Cl (UK) Regulated Activities Limited

Abbreviation

CLFX

Company employee

Customer Service Email Address

peter.lascelles@uk.cunninghamlindsey.com

Contact Number

+44 01737784600

Company Website

http://www.cl-forex.com/

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

Company profile

NOTE: CLFXs official site - http://www.cl-forex.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. CLFX Review Summary Founded 2017 Registered Country/Region United Kingdom Regulation FCA (Suspicious Clone) Trading Platforms MetaTrader 4 Customer Support Contact Number: +44 01737784600 (English) or 44 01737784600 (Chinese) Email: peter.lascelles@uk.cunninghamlindsey.com What is CLFX？ CLFX, founded in 2017, is a broker registered in the United Kingdom. Operating in the financial markets, CLFX utilizes the MetaTrader 4 trading platform, a popular choice among traders for its user-friendly interface and comprehensive features. However, it is important to note a concerning aspect regarding CLFX's regulatory status. The company claims regulation by the Financial Conduct Authority (FCA) but is labeled as a “Suspicious Clone”. This designation raises potential red flags about the legitimacy of the regulatory claim and prompts caution when considering engagement with CLFX. Pros & Cons Pros Cons Reliable Trading Platform FCA Labelled as a Suspicious Clone Multiple Contact Channels Pros: Reliable Trading Platform: CLFX offers access to MetaTrader 4. MT4 is widely regarded as a reliable and popular trading platform in the financial industry. Multiple Contact Channels: CLFX provides various customer support channels, including contact numbers and email, which can be beneficial for quick and convenient assistance. Cons: FCA Labelled as a Suspicious Clone: The designation of CLFX as a “Suspicious Clone” in connection with the Financial Conduct Authority (FCA) raises considerable concerns regarding the authenticity of the firm's assertion to be regulated by the FCA. Is CLFX Safe or Scam？ CLFX claims to be regulated by Financial Conduct Authority (FCA), licensed with No.312661. But the current status of the license is Suspicious Clone, which implies that there are significant doubts or suspicions regarding the authenticity of CLFX's regulatory status and could indicate potential unauthorized use of the FCA's credentials. Given the discrepancy between the claimed regulatory status and the “Suspicious Clone” label, investors may want to exercise extreme caution, consider alternative brokerage options with clear and verifiable regulatory standing, and, if necessary, seek professional advice before proceeding with any financial transactions involving CLFX. Financial regulatory authorities play a crucial role in ensuring the integrity and trustworthiness of financial institutions, and discrepancies in claimed licenses warrant thorough scrutiny to protect investors from potential fraud or unauthorized activities. Trading Platforms CLFX has opted for the widely acclaimed MetaTrader 4 (MT4) as its trading platform. MT4 is renowned for its user-friendly interface, catering to traders of all levels. The platform stands out for its advanced charting and analysis tools, allowing users to conduct in-depth technical analysis with various timeframes and indicators. A key feature is the support for automated trading through Expert Advisors (EAs), enabling the creation and deployment of algorithmic trading strategies for efficient and precise trade execution. MT4 is highly customizable, allowing traders to tailor charts and indicators to their preferences. With multi-asset support, MT4 accommodates trading in various financial instruments, including forex, commodities, indices, and cryptocurrencies. The platform prioritizes security, employing robust measures such as encryption protocols to protect sensitive information. Customer Service CLFX ensures robust customer support, offering clients convenient communication options. For English-speaking assistance, clients can dial +44 01737784600, and for Chinese-speaking support, the contact number is 44 01737784600. Additionally, clients can reach out via email at peter.lascelles@uk.cunninghamlindsey.com. This multi-channel approach aims to cater to diverse client preferences and needs, providing responsive and helpful assistance across various aspects of trading and account management. Accessible customer support is crucial for addressing inquiries and ensuring a positive trading experience. Conclusion CLFX offers traders access to the widely recognized MetaTrader 4 (MT4) trading platform. Despite the platform's reliability and the provision of multiple customer support channels, including contact numbers and email, there are notable concerns surrounding CLFX's regulatory status. The broker claims to be regulated by the Financial Conduct Authority (FCA), but the unsettling label of a “Suspicious Clone” casts doubt on the legitimacy of this assertion. This raises significant red flags, prompting potential users to approach CLFX with caution. While the MetaTrader 4 platform is a notable positive aspect, providing a user-friendly interface and advanced features, the overarching concern about regulatory credibility significantly impacts the overall assessment of CLFX. Transparency and legitimacy are paramount in the financial industry, and the discrepancies in regulatory claims underscore the need for prudence and careful consideration when evaluating CLFX as a potential trading partner. It is crucial for investors to prioritize their financial security and seek professional advice before engaging in any transactions with CLFX. Frequently Asked Questions (FAQs) Q 1: Is CLFX regulated？ A 1: It operates with regulation of FCA , whose current status is suspicious clone. Q 2: How can I contact CLFX customer support？ A 2: CLFX offers customer support through phone contact at +44 01737784600 (English) or 44 01737784600 (Chinese). You can also reach them via email at peter.lascelles@uk.cunninghamlindsey.com. Q 3: What trading platform does CLFX use？ A 3: CLFX utilizes the MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and advanced features. 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 provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

CLFX broker review

Is CLFX safe or scam

Rating Index

CLFX Forex Broker - Complete Information Guide

1. Broker Overview

　　CLFX, officially known as CL Forex, is a forex broker established within the last decade. The company is registered in the United Kingdom, operating primarily from London. As a privately held entity, CLFX focuses on providing trading services to retail and institutional clients across various financial markets.

　　The broker has developed a reputation for offering a range of trading products, including forex, commodities, and indices. Over the years, CLFX has made significant strides in expanding its service offerings and enhancing its trading platforms. It aims to cater to both novice and experienced traders, providing educational resources and market analysis to support their trading endeavors.

　　CLFX operates under a business model that includes retail forex trading and institutional services. The broker's commitment to providing a user-friendly trading environment has been a hallmark of its development, with a focus on leveraging advanced technology to facilitate efficient trading processes.

2. Regulatory and Compliance Information

　　CLFX is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which is one of the most respected regulatory bodies in the financial industry. The FCA registration number for CLFX is 612233, and the broker operates under strict compliance with the regulations set forth by this authority.

　　The regulatory license is valid and encompasses a wide range of trading activities, ensuring that CLFX adheres to the highest standards of financial conduct. The company also implements a robust client fund segregation policy, which ensures that traders' funds are kept separate from the broker's operational funds, providing an additional layer of security.

　　Moreover, CLFX participates in an investor compensation scheme, which protects clients in the event of broker insolvency. The broker follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that all clients undergo thorough identity verification processes before trading.

3. Trading Products and Services

　　CLFX offers a diverse array of trading products, focusing primarily on forex. The broker provides access to over 65 currency pairs, including major, minor, and exotic pairs, catering to various trading strategies and preferences. In addition to forex, CLFX offers Contracts for Difference (CFDs) on commodities, indices, stocks, and cryptocurrencies, allowing traders to diversify their portfolios.

　　The broker frequently updates its product offerings, adding new instruments to meet the evolving needs of its clients. Retail trading services are tailored to individual traders, while institutional clients benefit from specialized services, including white-label solutions and asset management services.

　　CLFX also emphasizes providing educational resources and trading tools to enhance the trading experience for all clients. This includes market analysis, trading signals, and comprehensive guides on trading strategies.

4. Trading Platform and Technology

　　CLFX supports the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are known for their user-friendly interfaces and advanced trading features. These platforms allow traders to execute trades efficiently, utilize automated trading strategies, and access a wide range of analytical tools.

　　In addition to MT4 and MT5, CLFX offers a proprietary web-based trading platform, ensuring that clients can trade seamlessly from any device without the need for downloads. The broker also provides mobile applications for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

　　CLFX operates with an ECN (Electronic Communication Network) execution model, which ensures that clients receive competitive spreads and fast order execution. The broker's servers are strategically located to minimize latency, enhancing the overall trading experience. API access is also available for clients interested in automated trading solutions.

5. Account Types and Trading Conditions

　　CLFX offers several account types tailored to meet the needs of different traders. The Standard Account requires a minimum deposit of $5 and features spreads starting from 2.5 pips. For more experienced traders, the broker provides a Pro Account with lower spreads and additional trading features.

　　The broker also offers specialized accounts, including Islamic Accounts for clients who require sharia-compliant trading options. A demo account is available for traders looking to practice their strategies without risking real capital.

　　Leverage options at CLFX vary by account type, with maximum leverage reaching up to 1:1000. The minimum trade size is set at 0.01 lots, allowing traders to manage their risk effectively. Additionally, CLFX has a clear policy regarding overnight fees, ensuring transparency in its trading conditions.

6. Fund Management

　　CLFX supports a variety of deposit methods, including bank transfers, credit cards, and popular e-wallets. The minimum deposit requirement varies by account type, with the Standard Account starting at $5.

　　Deposit processing times are generally quick, with most methods being processed instantly or within a few business days. CLFX does not charge deposit fees, making it cost-effective for traders to fund their accounts.

　　Withdrawals can be made through the same methods used for deposits, and the processing time for withdrawals typically ranges from 1 to 3 business days. CLFX has a transparent fee structure, with withdrawal fees disclosed upfront, ensuring that clients are aware of any costs associated with accessing their funds.

7. Customer Support and Educational Resources

　　CLFX provides comprehensive customer support through various channels, including phone, email, and live chat. The support team is available during business hours, catering to clients across different time zones. The broker also offers multilingual support, ensuring that clients from diverse backgrounds can receive assistance in their preferred language.

　　In addition to customer support, CLFX offers a wealth of educational resources, including webinars, tutorials, and e-books. These resources are designed to help traders enhance their knowledge and skills in forex trading. The broker also provides daily market analysis and research reports to keep clients informed about market trends and opportunities.

　　Trading tools, such as economic calendars and calculators, are also available to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

　　CLFX primarily serves clients in the European and Asian markets, with a strong presence in the United Kingdom. The broker has regional offices to provide localized support and services to its clients.

　　However, CLFX does not accept clients from certain countries due to regulatory restrictions. These include the United States, Canada, and countries under international sanctions. The broker is committed to adhering to local regulations and ensuring compliance with relevant laws.

　　In summary, CLFX is a well-established forex broker that offers a range of trading products and services. With a strong regulatory framework, advanced trading platforms, and a commitment to customer support, CLFX aims to provide a reliable trading environment for both retail and institutional clients.

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