✔️ Information reviewed and updated in December 2023 by Pedro Martínez González
In this section we will tell you why You should NOT invest in CFX. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about CFX and tell you why we came to such a conclusion:
|️ Regulation||not regulated|
|contact directly from the website|
|📈 Leading||own platform|
⚠️ CFX is owned by Cash Forex Group, the company is located in Panama, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️
We now move on to discussing the account types that CFX offers, in this case, we see that it offers 15 academic packages: 5 elementary packages, 5 advanced packages, and 5 supreme packages.
Information on the web
CFX provides information about the services it offers, explanation of some important concepts, really not much more than this.
List of phone numbers
- So far the company does not have phone numbers.
🚫 Final CFX Valuation 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH CFX.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
CFX Group Video Review
|Date||Update – news|
|April 2021||Complaint against CFX from financial regulator: FSMA.|
|July 2021||Complaint against CFX from financial regulator: CBI.|
|October 2021||Complaint against CFX from financial regulator: SMV.|
|February 2022||Complaint against CFX from financial regulator: CONSOB.|
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with CFX.
At the end of the review you will find customer comments.
How to Claim Money Scammed by CFX
How to Report CFX
How can I report CFX?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is CFX a scam – is it scam?
Yes. We believe that CFX is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is CFX trustworthy?
No. CFX is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from CFX?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to CFX?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.