CFSG Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Risk Control
Software Index
An old brand is an old brand, and all service systems are perfect! I have invested in their platform for many years, from a novice investor who knows nothing to an experienced veteran who knows a thing or two about this industry haha, thank you for your support all the way!
In this comprehensive review of CFSG, we delve into the broker's overall reputation, user experiences, and key features. While some users appreciate the long-standing history and the range of services offered, others express concerns regarding the broker's regulatory status and customer service responsiveness.
Note: It's important to highlight that CFSG operates under different entities across regions, which may impact user experiences and regulatory protections. This review aims to provide a balanced perspective based on various sources to ensure fairness and accuracy.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 6.0 |
| Tools and Resources | 5.5 |
| Customer Service and Support | 5.0 |
| Trading Experience | 6.5 |
| Trustworthiness | 4.0 |
| User Experience | 5.5 |
| Additional Features | 6.0 |
We rate brokers based on user feedback, expert opinions, and available data.
Founded in 1972, CFSG (Cash Financial Services Group) is a Hong Kong-based broker that focuses on wealth management, securities, and futures brokerage services. The broker is regulated by the Securities and Futures Commission (SFC) in Hong Kong, which provides a level of oversight to its operations. CFSG offers various trading platforms, although it notably does not support popular platforms like MT4 or MT5. Clients can trade in multiple asset classes, including stocks, bonds, and futures, but forex trading is not available.
CFSG is primarily regulated in Hong Kong by the SFC, which oversees its operations and ensures compliance with local laws. However, concerns have been raised about the effectiveness of this regulation, especially given the broker's lack of a broader international regulatory framework.
CFSG supports multiple currencies for deposits and withdrawals, primarily focusing on Hong Kong dollars (HKD). However, it lacks support for cryptocurrencies, which may limit options for some traders.
The minimum deposit requirement for opening an account with CFSG is not explicitly stated in the available sources, but it is generally seen as accessible for most retail investors.
CFSG offers various promotions targeting new clients, including commission-free trading plans. However, details on specific bonus structures are limited, suggesting that clients should inquire directly for the latest offers.
CFSG provides access to a diverse range of asset classes, including Hong Kong stocks, U.S. stocks, bonds, and futures. This variety allows investors to build diversified portfolios, although the absence of forex trading may deter some traders.
CFSG operates on a commission-free trading model for certain plans, which is attractive for cost-conscious traders. However, fees can vary based on the asset class and trading method, particularly for U.S. stocks and futures contracts. Users have reported mixed experiences regarding the transparency of these costs.
The leverage offered by CFSG is competitive, but specific ratios are not clearly defined in the sources. Traders are advised to consult with the broker directly to understand the leverage options available to them.
CFSG provides its proprietary trading platforms, including Alpha I and Cash Futures Trader. While these platforms are user-friendly, the absence of MT4 or MT5 may limit advanced trading functionalities for experienced traders.
CFSG primarily serves clients in Hong Kong and China, with limited outreach to other regions. This geographical focus may restrict access for international traders seeking to engage with the platform.
CFSG offers customer support in multiple languages, including English and Chinese. However, user reviews indicate that response times can be slow, which may impact the overall customer experience.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 6.0 |
| Tools and Resources | 5.5 |
| Customer Service and Support | 5.0 |
| Trading Experience | 6.5 |
| Trustworthiness | 4.0 |
| User Experience | 5.5 |
| Additional Features | 6.0 |
Account Conditions: Users appreciate the ease of account setup, but the lack of clear information regarding minimum deposits is a drawback. Some reviews suggest that potential clients should seek clarification before proceeding.
Tools and Resources: While CFSG provides access to various market analysis tools, users have noted a lack of educational resources that could aid novice traders. This gap may hinder the learning curve for those new to trading.
Customer Service and Support: Customer service is a notable concern, with reports of long waiting times for responses. This inconsistency can lead to frustration among users who require timely assistance.
Trading Experience: The trading experience is generally positive, with users praising the platform's functionality. However, the absence of major trading platforms like MT4 or MT5 may limit options for more sophisticated traders.
Trustworthiness: Trustworthiness is a significant issue, with several sources indicating a lack of regulatory oversight beyond Hong Kong. This limitation raises concerns about the safety of client funds and the broker's overall reliability.
User Experience: The user experience is mixed. While some users appreciate the broker's long-standing presence in the market, others express dissatisfaction with the responsiveness of customer support.
Additional Features: CFSG offers a commission-free trading plan that appeals to cost-conscious traders. However, the lack of promotions and bonuses may deter some customers from choosing this broker over competitors.
In conclusion, CFSG presents a mixed bag of offerings. While it has a long history and a diverse range of asset classes, concerns around regulatory oversight and customer service responsiveness may pose challenges for potential clients. As always, it's crucial for traders to conduct thorough research before engaging with any broker, including reviewing the latest CFSG reviews to ensure they make informed decisions.
