Score

1.53 /10
Danger

CFX Broker

Germany

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index7.18

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

CFX Broker · Company summary

General Information & Regulation

CFX BROKER is a German forex broker company, founded in 2008 in Bonn (NRW) and has its head office in Ruderting. CFX BROKER is owned and operated by CFX Broker GmbH, a company having no valid regulation.

Market Instruments

CFX BROKER offers traders the opportunity to trade in stocks, futures, and ETFs as well as CFDs and foreign exchange.

Minimum Deposit

In terms of the minimum initial deposit requirement, CFX BROKER currently requires a minimum deposit amount of € 2 000 for opening an account with them. Traders should be aware that they do not open the trading account with CFX BROKER itself, but in fact with Saxo Bank, which is a well-known banking institution from Denmark.

Leverage

No maximum leverage ratio is indicated on the website since CFX BROKER is an introducing broker for Saxo Bank Denmark. The allowed leverage would be determined by them.

Spreads & Commissions

CFX BROKERs website does not reveal much about costs that may be incurred. If you choose to trade with CFX BROKER, you will pay the fees, spreads, and commissions as specified in the specific accounts of the broker you were introduced to.

Trading Platform Available

When it comes to trading platform available, CFX BROKER gives three choices: CFX TraderPRO, TraderGO Web, and The TraderGO app.

Deposit & Withdrawal

It is not indicated on the website of CFX BROKER what payment methods may be used to fund accounts or withdraw profits. It is understandable since that would probably be determined by the broker a trader is introduced to.

Customer Service

The customer support team of CFX BROKER can be reached via email or telephone calls.

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FX1387261117
more than one year
I recently started using CFX Broker for trading currency pairs and I am really impressed with the way it works. I was able to set up my wallet quickly and start trading in no time. The interface is user-friendly and it has a lot of options available for trading. And the customer service has been extremely helpful.
I recently started using CFX Broker for trading currency pairs and I am really impressed with the way it works. I was able to set up my wallet quickly and start trading in no time. The interface is user-friendly and it has a lot of options available for trading. And the customer service has been extremely helpful.
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2023-03-16 16:21
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