2022-07-08 We Found That The CFX International Webpage Has Expired
On July 8, 2022, We Found That Https://www.cf-cfx.com/this Domain Name Has Expired, And It Is Very Likely That The Domain Name Has Been Suspended, Which Is A Bad Sign. The Company Seems To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
2022-05-19 We Have Reviewed And Confirmed That CFX International Is An Unregulated Forex Broker
CFX International Is Not A Reliable Broker For Traders, Even Though The Quotes It Claims To Offer To Its Clients Look Good. CFX International Claims To Be Registered With The UK Chamber Of Commerce And Industry (CH). However, We Have Not Found Any Results In CH That Match CFX International. Furthermore, CH Is The Companies Registry In The UK And Has No Legal Right To Regulate Any Forex Activities. Having A Broker Registered Does Not Imply Any Regulation.
Under UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Are Required To Obtain Authorisation Or Business Registration From The UK's Financial Conduct Authority (FCA). However, We Did Not Find Results In The FCA That Matched This Broker.
More Importantly, By Downloading Its Official MT4 Trading Platform, We Found That This Broker Is Located In The British Virgin Islands. So We Searched In The British Virgin Islands Financial Services Commission (BVI FSC) But Did Not Find Any Results In The BVI FSC That Matched CFX International. This Means That CFX International Is Not Regulated By Any Regulator. The Funds Invested By Investors In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Broker.
Due To The Inability To Access The Broker's Website Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That CFX International Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
Note: CFX International As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
