CFX Review 11
In last April, by fabricating fake information, CFX helped client pass through the risk test. Claiming that they have teachers to give instructions, they induced clients to deposit fund. After making clients’ accounts liquidated, they even threatened them to promise that the loss is irrelevant to the platform. Otherwise, their accounts would be blocked.
I deposited 100$ on CFX in December last year. I learned some stock knowledge through reading and refused to follow those so-called masters’ instructions. Little by little, they ignored me. At that time, I could still withdraw and trade. I didn’t suspect the platform back then, since they have live rooms. Now they are all missing. I can’t log in to the platform or withdraw.
My name is Chen Liushan. I live in Qingbaijiang District, Chengdu City, Sichuan Province. In March 2018, a person from GCMASIA Foreign Exchange Investment QQ Group added me as a friend and said that he wanted to communicate foreign exchange with me. From March 2016 to March 2018, I trade on the GCMASIA forex platform and lost more than 300,000 RMB), After he added me as a friend, he induced me to go to CFX platform for foreign exchange trading, saying that the platform is very legit, and the trading spread is relatively low. In this way, this person invited me into this foreign exchange platform and then assisted me in opening an account and depositing money. Then I started trading on this platform. I deposited $1,000 for the first time, and then applied for a bonus. The platform arranged for me a female analyst named Huang. She added me on WeChat and communicated with me by phone or WeChat. After trading CFX, I quickly lost money. Then my analyst let me increase the funds and let me follow her operation to recover the loss as soon as possible. In one year, I changed a total of 3 analysts and 4 WeChat accounts on the platform. The first analyst changed two Wechat accounts before and after, which eventually led me to lose $50,000! Later I tried to contact the platform and they ignored it! I am now exposing this scam platform.
The website of this company CFX is only available in Chinese. More importantly, it has no valid regulations at all. Please, invest in an unregulated company is like playing with fire.
I see that this company has a Chinese only website, and the supposed license granted by FCA is possibly cloned! I can understand the content thanks to google translate, that the trading conditions are attractive, but I don't dare put my money at risk.
Recently someone called himself CFX’s manager Mr. Yang called me. He asked me on Wechat to delete my post “CFX’s analyst scammed clients and made their positions liquidated”. Check out the Wechat chat history. Look how he tried to coax me to delete my post.
CFX arranged its chief analyst Lin Adviser to guide me to invest in forex, gold, etc. But on August 1, 2018, she began to send me messages via WeChat and called me to increase my deposit. Lin told me that if I deposited in the platform, he would guide me by himself. Besides, he would also teach me trading technology, short-swing trading, give me her VIP treatment, look after my account. I always lost more and profited less with her guidance. Every time my order with losses was trapped in the market, she repeatedly persuaded me to insist on and not stopping out. I asked her why orders were trapped on entering, she said that there is nothing wrong with the operation and it was because I have little money to make a layout. She asked me to deposit money. In this way, under her various persuasion via WeChat and telephone, my position was getting heavier and heavier, and the losses are increasing until a forced liquidation came out. After that, I asked her for explanations, she still told me that there was nothing wrong with the operation, and she could help me to take the lost money back. She let me not worry, and she would report it to the company. I complained to the company, the company repeatedly delayed the request, saying they needed to ask the leader. Then they ignored it, and also frozen my account.
CFX arranged for an analyst Lin to instruct me.Lin induced me and taught me the method and managed my account.She asked me to but 1 or 2 lots by times,saying that I could earn money in this way.But I always made losses.She said the operation is no problem but the fund was small.I added fund and bought large shares constantly.I was anxious,while she told me to calm down and sent me others’ profit screenshots,as well as adjust myself.My account became forced liquidation within one month.She told me not to worry and the losses could be recovered.I made a complaint to the company,while they kept shirking and even froze my account.
