CF Merchants-Some Important Details about This Broker

CF Merchants | 2023-01-11 17:17

الملخص：　CF Merchants is an offshore broker registered in the Saint Vincent and the Grenadines, providing access to a series of trading instruments, Forex, Commodities, CFDs, Indices, Cryptocurrencies. With the CF Merchants platform, investors are given the flexibility of choosing from three types of trading accounts, ECN, Prime and Pro accounts, with the minimum deposit to open an account starting at $250. CF Merchants is said to be the trading name of Commodity and Forex Merchants Limited, a company registered in Saint Vincent and the Grenadines, and this company is not regulated by any regulatory authority to operate legally. Thats why WikiFX has given it a very low score of 1.89/10. Please be aware of the risk, for unregulated brokers would appropriate client funds arbitrarily.

Basic	Information
Registered Countries	Saint Vincent and the Grenadines
Regulation	No License
Minimum Deposit	$50
Maximum Leverage	1:1000
Minimum Spread	From 0.0 pips
Trading Platform	MT4 trading platform
Trading Assets	Forex, Commodities, CFDs, Indices, Cryptocurrencies
Payment Methods	Bank Wire, Skrill, Neteller, Perfect Money, Bitcoin, Ethereum, Ripple, Tether
Customer Support	Email, Telephone, Online Chat

General Information

CF Merchants is an offshore broker registered in the Saint Vincent and the Grenadines, providing access to a series of trading instruments, Forex, Commodities, CFDs, Indices, Cryptocurrencies. With the CF Merchants platform, investors are given the flexibility of choosing from three types of trading accounts, ECN, Prime and Pro accounts, with the minimum deposit to open an account starting at $250.

CF Merchants is said to be the trading name of Commodity and Forex Merchants Limited, a company registered in Saint Vincent and the Grenadines, and this company is not regulated by any regulatory authority to operate legally. Thats why WikiFX has given it a very low score of 1.89/10. Please be aware of the risk, for unregulated brokers would appropriate client funds arbitrarily.

Market Instruments

Clients are provided the access to five classes of trading instruments covering Forex, Commodities, CFDs, Indices, and Cryptocurrency.

Account Types

Pro accounts, Prime accounts and ECN accounts are available options for both retail and professional clients. The minimum deposit amount specifies the account type, with the Pro account from $50, the Prime account from $500, the ECN account from $5,000.

Margin Call: 75%, Stop Out: 30%, Scalping & Hedging both allowed.

Minimum Lot Size: 0.01 lot, Maximum Open Order: 200 lots.

Spreads & Commissions

Trading accounts set spreads and commissions. The Pro and Prime accounts offer a zero-commission trading environment, with spreads starting at 1.6 pips and 1.0 pips, respectively. The ECN accounts offers raw spreads, accompanied by an additional commission of $7 per lot.

Leverage

When it comes to leverage, CF Merchants provides its customers with access to 1:1000, which is significantly greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

However, since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Trading Platform

When it comes to trading platform, clients are provided access to the industry leading Metatrader 4 trading platform. CF Merchants trading software allows you not to execute transactions in the forex market, but also to obtain market quotes in terms of basic currency pairs, metals, commodities and also worldwide stock indexes, and company news and overviews.

Payment Methods

The minimum deposit is $50, and clients can make a deposit and withdrawal through Bank Wire, Skrill, Neteller, Perfect Money, Bitcoin, Ethereum, Ripple, Tether.

The minimum withdrawal amout is $50 through Bank Wire, $20 through other withdrawal options. CF Merchants claims that it does not charge any fees for deposits or withdrawals.

Customer Support

Clients who have any inquiry can get in touch with CF Merchant through multiple contact channels, and here are some contact details:

Online Chat

Whatsapp: +44 7862 068336

Email: info@cfmerchants.com, support@cfmerchants.com

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros	Cons
Three types of trading accounts available	No regulation
MT4 trading platform available	Demo accounts unavailable
Low minimum deposits for Pro accounts
Islamic Accounts available