CGFX

CGFX | 2024-06-05 11:56

Zusammenfassung：CGFX, also known as Commercial Group FX, is an online trading broker that provides access to the popular MT5 platform. It offers a variety of trading instruments across different asset classes.

CGFX Review Summary
Founded	2011
Registered Country/Region	Mauritius
Regulation	FSC (Offshore)
Market Instruments	Forex, Metals, Indices, Shares and Commodities
Demo Account	✅
Leverage	Up to 1:400
Spread	From 0.0 pips
Trading Platform	MT5
Social Trading	✅
Min Deposit	$50
Customer Support	24/6 multilingual support
	Live chat, contact form
	Tel: +1 (650) 491-9997, +44 204 571 6608
	WhatsApp: +1 (650) 491 - 9997
	Email: info@cgfx.com
	Social media: Facebook, Instagram, YouTube, Linkedin, WhatsApp
	Address: Suite 305, Griffith Corporate Centre, Pobox 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines
	Premier Business Center, 10th Floor, Sterling Tower, 14 Poudriere St., Port Louis, Republic of Mauritius
Regional Restrictions	The United States, Iran, Syria, and North Korea

CGFX, also known as Commercial Group FX, is an online trading broker that provides access to the popular MT5 platform. It offers a variety of trading instruments across different asset classes.

The company was originally established as Commercial Group for Trading in International Markets (CGTIM) in 1998 and was the first of its kind to be registered in the Hashemite Kingdom of Jordan. In 2011, CGTIM underwent rebranding and expansion efforts, leading to its current name, Commercial Group FX (CGFX).

Pros and Cons

Pros	Cons
Various trading assets	Offshore FSC regulation
Demo accounts offered	Regional restrictions
Multiple account types
Commission-free account offered
Tight spreads
Popular trading platform MT5
Social trading
Low minimum deposit
Multiple payment options
Live chat support
24/6 multilingual support

Is CGFX Legit?

CGFX states that they have implemented safeguards such as Segregation of accounts, Banking relations, and secure technologies and services to protect their clients.

However, it is offshore regulated by the Financial Services Commission (FSC). Therefore, investing with CGFX carries a certain level of risk.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	The Financial Services Commission (FSC)	Offshore Regulated	CG Global Ltd	Retail Forex License	GB22200249

What Can I Trade on CGFX?

Tradable Instruments	Supported
Forex	✔
Metals	✔
Indices	✔
Shares	✔
Commodities	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

CGFX offers three account types: CG-Plus, CG-PRO and CG Prime. Demo accounts, swap-free accounts are also offered.

Account Type	Min Deposit
CG-Plus	$50
CG-PRO	$250
CG Prime	$1 000

Leverage

CGFX's leverage is capped at 1:400. Note that high leverage not only brings high profits but also high losses.

Spread and Commission

CGFX's spreads and commissions both vary by accounts.

Account Type	Spread	Commission
CG-Plus	From 1.0 pips	❌
CG-PRO	From 0.6 pips	$5/lot
CG Prime	From 0.0 pips	$3/lot

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	PC and Mobile	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

CGFX accepts deposits and withdrawals via Crypto, Perfect Money, Bank Transfer, SticPay, Local Banks, CGFX Card, Local Depositors, Whish Money, Khipu, PagoFacil, Rapipago, Boleto-Boleto, Lottery Pagamento, Wallet AME, DepositExpress, Wallet Paypal, Open finance, Wallet Picpay, РІХ, Credit Card, Bancolombia, Cash, Dale, Claro Pay, Daviplata, Efecty, Gana, Movii, Nequi, PSE, SuRed, CoDi, Rappipay, TPaga, OXXO Pay, OXXO, Todito cash, SPEI, Wallet MADA, Agora pay, BBVA, Bim, Interbank, izipayYA, Kontigo, Ligo,Mobile card, Plin, Scotiabank, Sodexo, Tunki, Tarjeta W, Wallet diners, Yape, M-Pesa, Eazy, ΜΤΝ, Airtel Money, Tigo Pesa, Zamtel, Halo Pesa, and Vodacom Mpesa.