In this section we will analyze the CFXPoint broker, is a forex and CFD broker.
The broker mentions being part of KLDC Technical Systems LTD .
As to its location, the broker mentions being based in the Marshall Islands.
If we analyze the regulation of the broker appears to be an UNREGULATED broker.
If now we go on to analyze account types offered by CFXPoint, we note that it offers 3 different types (actually 4, but the Islamic Account we will not take into account): the Silver Account, the Gold Account, and the Platinum Account.
Silver Account- $ 1.000 minimum initial deposit, fixed or variable spread, flexible leverage, free VPN, backed margin calls.
It is followed by Gold Account- Minimum initial deposit of $ 2.500, fixed or variable spread, leverage up to 1: 400, NPV at the lowest cost, backed margin calls.
The last type of account is the Platinum Account: minimum initial deposit of $ 25.000, fixed or variable spread, “interesting” leverage (???), NPV at the lowest cost, “attractive” spreads (??), commercial discount on request.
You can see even more features about the CFXPoint broker account types in the following image:
The platforms to operate that CFXPoint offers are: MT4 (MetaTrader 4) and Social Tradingr.
We will now analyze the different resources and aids for traders that CFXPoint provides to its clients on its website.
CFXPoint provides the following help or resources to traders or interested parties: explanations about the different instruments that can be traded with CFXPoint, trading hours for the different instruments, some basic explanations about some cryptocurrencies such as Bitcoin, explanations about different concepts such as analysis fundamental, trading signals and technical analysis.
CFXPoint and FXC Markets, are they the same company?
In addition to receiving emails from clients who told us that after having a bad experience with FXC Markets (you can read here the section with opinions about FXC Markets) were contacted by people from CFX Point, without having registered in advertisements or anything, which is very curious in itself, we noticed the following similarities between the CFX Point website and the FXC Markets website, which makes us believe that it is the same company:
First resemblance, when one enters both the FXC Markets and CFX Point websites, a pop up (also called a pop-up window) with cryptocurrencies (bitcoin, litecoin, dashcoin, etc.) click here to see the full image :
2nd resemblance, notice the items in the menus, and the items in the "About ..." menu, they are the same, click here to see the full image:
Another similarity, note in the menus, the item "Platforms" contains the same sections in both cases, click here to see the full image :
Another similarity, and in our opinion the most incredible, in the case of the similarity of the account types, observe, on the left FXC Markets, on the right, the account types of CFX Point. Not only is the information the same, the account types are called the same, and are in the same order, notice in the image, marked with green, that they even have the same spelling error where they both put "minimum" instead of "minimum" ... click here to see the full image :
The last resemblance, as we can see, they have the menus practically the same, but that is not all, if we go for example to the "Markets" menu and go to any of the sections, for example the "Currency", we notice that the text is practically the same (again, on the left the website of FXC Markets, and on the right that of CFX Point), click here to see the full image :
Other information about CFXPoint
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: 0207 534 0558, +44 20 3332 2938
Email: [email protected]
Ending with this section, in our opiniondo we believe that the CFXPoint company is trustworthy? We are not sure, but we suggest caution. Why? In simple words, it is not regulated and it is a new broker, there is not much information or opinions about the company on the internet, so it is difficult to know if it is really recommended or not.
Update December 2017: Because we believe that CFX Point is the same company as FXC Markets (which has a very negative reputation), we do not recommend the broker.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.