CF 2025 Review: Everything You Need to Know
Summary: The CF broker has garnered overwhelmingly negative reviews, primarily due to its unregulated status and multiple complaints regarding fund withdrawals. Many users have reported being unable to access their accounts or withdraw their funds after depositing. The broker is associated with several scam operations, raising significant concerns about its legitimacy.
Note: It is important to highlight that CF operates under various entities across different jurisdictions, which complicates regulatory oversight and accountability. This review adopts a fair and accurate approach to reflect the current state of the broker.
Ratings Overview
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user reviews, expert opinions, and factual data regarding the broker's services.
Broker Overview
Founded in 2020, CF is a trading brand operated by Widdershins Group Ltd, based in the Commonwealth of Dominica. The broker claims to offer access to various trading platforms, including MetaTrader 4 (MT4), although many users have reported issues with platform accessibility. CF provides a range of assets for trading, including forex, commodities, indices, and cryptocurrencies. However, the most alarming aspect of CF is its lack of regulation, as it has been blacklisted by several financial authorities, including Austria's FMA and Luxembourg's CSSF.
Detailed Section
Regulatory Status
CF operates as an unregulated broker, which raises significant red flags for potential investors. The company has been flagged by multiple regulatory bodies for its dubious practices. For instance, the Luxembourg CSSF and the Austrian FMA have both issued warnings against CF, categorizing it as a scam. The lack of regulatory oversight means that clients have no legal recourse in case of disputes or issues regarding fund withdrawals.
Deposit/Withdrawal Currencies and Cryptocurrencies
CF allows deposits in several currencies, including USD, but specifics on cryptocurrency support are vague and unverified. Users have reported difficulties in withdrawing their funds, with many claiming that their accounts were frozen without explanation after making a deposit.
Minimum Deposit
The minimum deposit required to open an account with CF is $250, which is relatively standard in the industry. However, many users have expressed that this initial investment often leads to further financial loss, as they find it impossible to withdraw their funds afterward.
CF reportedly offers various bonuses, but these often come with stringent terms that make withdrawal nearly impossible. Users have highlighted that the bonuses are tied to high trading volume requirements, which can be a tactic to keep clients' funds locked within the platform.
Tradable Asset Classes
CF claims to offer a diverse range of tradable assets, including forex, commodities, indices, and cryptocurrencies. However, user experiences suggest that the quality of the trading environment is poor, with many reporting that the platforms are not functional or laggy.
Costs (Spreads, Fees, Commissions)
The cost structure at CF is another area of concern. Reports indicate that spreads can be significantly higher than industry standards, and hidden fees may apply, especially concerning account inactivity. This lack of transparency can lead to unexpected costs for traders.
Leverage
CF offers leverage of up to 1:200, which is considered high and poses significant risks, especially for inexperienced traders. In many jurisdictions, such high leverage is restricted due to the potential for substantial losses.
The broker advertises the use of MT4, but many users have claimed that the platform is often unavailable or malfunctioning. This raises questions about the broker's ability to provide a reliable trading experience.
Restricted Regions
CF does not accept clients from the United States, which is a common practice among unregulated brokers. This restriction is often a sign of the broker's unwillingness to comply with stricter regulatory standards.
Available Customer Service Languages
Customer service at CF has been widely criticized, with users reporting long response times and a lack of effective support. The broker appears to offer limited language options, which can hinder communication for non-English speaking clients.
Ratings Summary
Detailed Breakdown
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Account Conditions: Users have expressed dissatisfaction with account conditions, particularly regarding withdrawal difficulties. Many have reported that once funds are deposited, accessing them becomes nearly impossible.
Tools and Resources: Although CF claims to offer MT4, many users have found it either unavailable or malfunctioning, leading to a frustrating trading experience.
Customer Service & Support: Customer service is largely viewed as inadequate, with many users unable to get timely responses to their inquiries.
Trading Setup (Experience): The trading environment has been described as laggy and unreliable, which can severely impact trading outcomes.
Trustworthiness: With numerous complaints and warnings from regulatory bodies, trust in CF is extremely low.
User Experience: Overall, user experiences have been negative, with many advising potential clients to steer clear of this broker.
In conclusion, the CF broker presents significant risks for potential traders, primarily due to its unregulated status and the numerous complaints regarding fund access and customer service. As highlighted in this CF review, it is advisable for traders to seek out regulated and reputable brokers to ensure a safer trading experience.
