CF Group 2025 Review: Everything You Need to Know
CF Group has garnered significant attention in the forex trading community, but recent reviews paint a troubling picture. Overall, the consensus among various sources is that CF Group is an unregulated broker, raising major concerns about its legitimacy and safety for traders. Many reports highlight its dubious regulatory claims and numerous user complaints regarding withdrawal issues and potential scams.
Note: It is important to consider the different entities associated with CF Group, as the broker's claims about regulation vary significantly across regions. For fairness and accuracy, this review synthesizes information from multiple reputable sources.
Rating Overview
How We Rate Brokers: The ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's offerings.
Broker Overview
Founded in 2018, CF Group presents itself as a forex and CFD broker based in the UK, claiming to operate under the auspices of several regulatory bodies, including the UK's Financial Conduct Authority (FCA) and New Zealand's Financial Markets Authority (FMA). However, these claims have been contested, with evidence suggesting that CF Group is not properly licensed. The broker offers a proprietary trading platform alongside the popular MetaTrader 4 (MT4), providing access to a limited range of trading instruments, primarily forex pairs and CFDs on commodities.
Detailed Section
Regulated Regions: CF Group operates under a complex regulatory structure, with claims of regulation from entities that have either revoked their licenses or are suspected of being clones. The FMA in New Zealand has issued warnings against the broker, advising caution to potential clients.
Deposit/Withdrawal Currencies: The broker does not provide clear information about the currencies accepted for deposits and withdrawals, leading to confusion among users. Reports indicate that wire transfers are the primary method for funding accounts.
Minimum Deposit: The minimum deposit requirement is reportedly around $70, which is relatively low compared to industry standards. However, this low entry barrier raises questions about the broker's credibility.
Bonuses/Promotions: There is little information available regarding bonuses or promotional offers. Some sources suggest that CF Group may employ aggressive marketing tactics, including promises of high returns that are often characteristic of scam brokers.
Tradeable Asset Classes: CF Group offers a limited selection of assets, primarily focusing on major currency pairs and a few CFDs. The absence of exotic pairs and a broader range of commodities limits trading opportunities for clients.
Costs (Spreads, Fees, Commissions): User reviews indicate that spreads can be high, with average spreads reportedly exceeding the broker's advertised minimums. There are also concerns about hidden fees associated with withdrawals, particularly for amounts below certain thresholds.
Leverage: CF Group offers high leverage, reportedly up to 1:500, which is attractive for traders looking to maximize their potential returns. However, high leverage also comes with increased risk, particularly for inexperienced traders.
Allowed Trading Platforms: The broker supports its proprietary platform and MT4, but many users have expressed a preference for more established platforms due to the lack of familiarity with CF Group's proprietary solution.
Restricted Regions: CF Group does not explicitly list restricted countries, but it is known to avoid clients from heavily regulated areas like the United States, which raises further concerns about its legitimacy.
Available Customer Service Languages: Customer support is available in multiple languages, including English and simplified Chinese. However, reports of slow response times and unhelpful support staff have been prevalent.
Repeated Rating Overview
Detailed Breakdown
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Account Conditions: The low minimum deposit may seem attractive, but the lack of credible regulation and high-risk trading environment make CF Group a questionable choice for traders.
Tools and Resources: Limited educational resources and trading tools are available, which can hinder the trading experience for novice traders.
Customer Service and Support: While customer service is available in several languages, the quality of support has received poor reviews, with many users reporting difficulties in resolving their issues.
Trading Setup (Experience): The trading experience is marred by reports of high spreads and withdrawal issues, making it difficult for traders to feel secure.
Trustworthiness: The overall trust rating is alarmingly low due to numerous user complaints and warnings from regulatory bodies, indicating that CF Group may not be a safe trading option.
User Experience: The user experience is negatively impacted by a lack of transparency and issues with fund withdrawals, leading to a general sense of distrust among clients.
In conclusion, the CF Group review reveals a broker fraught with concerns regarding its regulatory status and user satisfaction. Potential traders are advised to exercise extreme caution and consider more reputable alternatives in the forex trading space.
