Corporate Profile
CFSM Trader Is A Forex Brokerage Registered In The UK In 2021, Focusing On Providing Clients With Trading Services In Forex And Contracts For Difference (CFDs). The Company Offers Demo Accounts For Traders To Test Strategies And Is Equipped With An MT4 Trading Platform To Enhance The Client Experience. However, The Credibility Of CFSM Trader Has Been Seriously Called Into Question Due To Its Website Being Inaccessible, Dubious Regulatory Status, And Lack Of Transparency.
Established : 2021 Registered Country : UK Regulator : Financial Conduct Authority (FCA) License Number : 171480
Although CFSM Trader Claims To Hold An FCA License, Its License Is Suspected To Be A Clone Version, Raising Serious Questions About Its Legitimacy And Credibility. In Addition, The Company's Website Is Currently Inaccessible, Further Increasing Its Opacity.
Regulatory Information
There Are Issues With The Regulatory Status Of CFSM Trader. The FCA License It Holds (No. 171480) Is Suspected To Be A Clone, Which Means The Company May Not Have Complied With The Relevant Regulatory Authorities. This Unusual Regulatory Situation Raises Serious Doubts Among Traders About Its Legitimacy And Compliance.
Regulatory Country : UK Regulatory Authority : FCA (Financial Conduct Authority) Regulatory Entity : CFS Management Ltd License Type : Investment Advisory License License Number : 171480 Status : Suspicious Clone
Trading Products
CFSM Trader Offers The Following Trading Products:
- Forex
- Contracts For Difference (CFD)
Tradable Instruments :
- Forex: ✔
- Commodities: ❌
- Indices: ❌
- Cryptocurrencies: ❌
- Stocks: ❌
- ETFs: ❌
- Bonds: ❌
- Mutual Funds: ❌
Trading Software
CFSM Trader Claims To Offer Three Trading Platforms To Its Clients: ML Trader Web Platform, MetaTrader 4 (MT4) And IRESS Pro Desktop Platform. However, During The Demo Account Registration Process, Testers Only Have Access To ML Trader And MT4 Platforms.
Supported Trading Platforms :
- ML Trader
- MT4
- IRESS Pro
Deposit And Withdrawal Methods
CFSM Trader Supports The Following Payment Methods:
- Credit Card
- Debit Card
- Alipay
- Other Asian Payment Processors
Supported Payment Methods Strong >:
- Credit Card: ✔
- Debit Card: ✔
- WeChat: ✔
- Alipay: ✔
- Other Asian Payment Processors: ✔
Although These Payment Methods May Indicate That The Company Is Mainly Targeting Asian Customers, The Use Of WeChat And Alipay For Fund Withdrawals And Withdrawals Is Risky Because Of The Difficulty Of Recovering Funds In The Event Of Fraud.
Customer Support
CFSM Trader Offers The Following Customer Support Channels:
- Tel: + 44 (0) 20 7323 0207
- Email: [email protected]
- Tel: + 44 (0) 20 7323 0207
- Email: [email protected]
- Retail Clients
- Professional Clients
- Maximum Leverage: 1:500
- EURUSD Spread: 1.8 Pips
- Maximum Leverage: 1:500
- EURUSD Spread: 1.8 Pips However, Due To The Inaccessibility Of The Company's Website, Other Trading Conditions Such As Commissions, Slippage Points, And Other Details Cannot Be Obtained.
Support Channels :
However, The Company Does Not Offer More Immediate Support Channels Such As Online Chat And Social Media, Which May Affect The Timeliness Of Customers When They Encounter Problems Resolve.
Core Business And Services
CFSM Trader's Main Business Is Foreign Exchange And CFD Trading, Mainly Serving Retail And Professional Clients. The Company Tries To Provide Traders With A Good Trading Experience By Providing Demo Accounts And MT4 Trading Platforms.
Who Is Served :
Technical Infrastructure
Trading Conditions For CFSM Trader Include The Following:
Trading Conditions :
Compliance And Risk Control System
CFSM Trader Has A Problem With Its Compliance And Risk Control System. Its Questionable FCA Clone License And Inaccessible Website Have Raised Serious Questions About Its Compliance. In Addition, The Company Makes Fund Withdrawals And Withdrawals Through WeChat And Alipay, Which Has A High Security Risk.
Market Positioning And Competitive Advantage
CFSM Trader, As An Emerging Foreign Exchange Brokerage, Does Not Have A Significant Competitive Advantage In The Market. Its Main Advantage Is To Offer Demo Accounts And MT4 Trading Platforms, But These Services Are Not Unique In The Industry. On The Contrary, The Questionable Regulatory Position And Opacity Of The Company Puts It At A Disadvantage In The Market.
Customer Support And Empowerment
CFSM Trader Has Limited Customer Support Channels, Only Provides Phone And Email Support, And Lacks Modern Support Methods Such As Online Chat And Social Media.
Social Responsibility And ESG
CFSM Trader's Information On Social Responsibility And ESG (environmental, Social And Corporate Governance) Is Not Public.
Strategic Cooperation Ecology
CFSM Trader's Information On Strategic Cooperation Is Not Public.
Financial Health
Financial Health Information For CFSM Trader Is Not Publicly Available.
Future Roadmap Information For CFSM Trader Is Not Publicly Available. Conclusion
In Conclusion, CFSM Trader Lacks Credibility Due To Its Questionable FCA Clone License, Inaccessible Website, And Opaque Trading Conditions. We Strongly Recommend That Traders Avoid Using CFSM Trader As A Broker And Instead Choose A Regulated And Reputable Broker.
