CFX Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
Business
License
I hate this CFX, they ran away so quickly!!! They told me I could enjoy the most competitive spreads, no slippage, so I fell prey to this black platform. My hard-earned $2000 was lost…
Summary: CFX Broker has garnered mixed reviews in 2025, with a reputation for being a reliable trading platform backed by BaFin regulation. However, concerns persist regarding its operational transparency and the high minimum deposit requirement.
Note: It's important to recognize that CFX operates under different entities across various regions, which may lead to discrepancies in user experience and regulatory compliance.
| Category | Score (Out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 6 |
| User Experience | 5 |
| Additional Factors | 6 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user reviews, expert opinions, and factual data regarding services offered.
Founded in 2008, CFX Broker is headquartered in Ruderting, Germany, and is regulated by the Federal Financial Supervisory Authority (BaFin). The broker operates as an introducing broker for Saxo Bank, providing access to a wide array of trading platforms, including CFX Trader Pro, Trader Go Web, and Trader Go App. CFX offers a diverse range of tradable assets, including over 19,000 shares, 9,000 CFDs, and 180+ currency pairs.
CFX is primarily regulated in Germany by BaFin, which provides a level of assurance regarding its operational practices. However, the broker's status as an introducing broker for Saxo Bank means that the security of client funds is ultimately dependent on the Danish deposit insurance, which covers up to €100,000.
While specific deposit and withdrawal methods are not explicitly detailed on the CFX website, it is understood that these will be determined by Saxo Bank. The minimum deposit requirement is set at €2,000, which may be a barrier for some potential traders.
There are currently no significant bonuses or promotions offered by CFX, which may be seen as a disadvantage compared to competitors that provide incentives for new traders.
CFX Broker allows trading in a wide range of asset classes, including:
The specifics of costs associated with trading at CFX are not comprehensively outlined on their website. Users may encounter varying spreads and commissions based on the account type and the assets traded.
The maximum leverage offered by CFX is not clearly stated, as it is contingent upon the policies of Saxo Bank, which could vary based on the market conditions and the specific account type.
CFX supports multiple trading platforms, including CFX Trader Pro for desktop and Trader Go for web and mobile. This flexibility allows traders to choose a platform that best suits their trading style.
While there is no explicit mention of restricted regions on the CFX website, it is advisable for traders to check local regulations to ensure compliance.
Customer support is available in English and German, with a service window of 24/5, which may not be sufficient for traders in other time zones.
| Category | Score (Out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 6 |
| User Experience | 5 |
| Additional Factors | 6 |
Account Conditions: With a minimum deposit of €2,000, CFX's account conditions may deter novice traders. However, the range of account types available through Saxo Bank is a positive aspect.
Tools and Resources: CFX offers a variety of trading platforms and tools, which can enhance the trading experience. However, the lack of comprehensive educational resources may be a drawback for beginners.
Customer Service and Support: While support is available in English and German, user reviews indicate that response times may be slow, leading to a score of 5.
Trading Setup (Experience): The trading experience is generally positive, but the lack of transparency regarding costs and leverage can lead to confusion.
Trustworthiness: CFX's regulation by BaFin lends credibility, but the operational structure as an introducing broker raises questions about fund security.
User Experience: Mixed reviews highlight both positive experiences and challenges, particularly regarding withdrawal processes and account management.
Additional Factors: The absence of promotional offers and the high minimum deposit requirement are noteworthy factors that may influence traders' decisions.
In conclusion, while CFX Broker presents a solid option for experienced traders looking for a regulated platform, potential users should weigh the high minimum deposit and the lack of clarity on costs against their trading needs.
