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Suspicious Clone
Score
2.01 /10
Danger
CLF
5-10 yearsSuspicious Regulatory License
Suspicious Overrun
High potential risk
Add brokers
Comparison
Quantity 4
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.50
Risk Management Index0.00
Software Index6.91
License Index0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
3
Previous Detection :
2024-09-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The China Hong Kong CGSE regulation (license number: 253) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
Exposure
4 pieces of exposure in total Pyramid scheme complaint
Exposehttps://www.wikifx.com/en/dealr/2801470707.htmlNote: CLF's official website: http://www.clfxau.com is currently inaccessible normally.
CLF Information
CLF was founded in Hong Kong about 5-10 years ago. While it is regulated, its regulatory filing is considered to be a suspicious clone. We can reach by phone at 4001200610, email at cs@clfxau.com and QQ 800821886. Andwe can trade through MT4.
Is CLF. Legit？
 | The Chinese Gold & Silver Exchange Society(CGSE) |
| Current Status | Suspicious Clone |
| Regulated by | Hong Kong |
| License Type | DS License |
| License No. | 253 |
| Licensed Institution | 創利豐金號有限公司 |
CLF claims to be regulated by The Chinese Gold & Silver Exchange Society(CGSE) in Hong Kong. However, according to the CGSE, its current status is “Suspicious Clone.”
When dealing with CLF, caution is advised to ensure financial security and regulatory compliance.
Downsides of CLF
- Unavailable Website
The website of CLF is currently inaccessible, and its reliability and accessibility are in question.
- Regulatory Concerns
CLF operates with suspicious regulation that can not guarantee trading transparency and investor protection.
- Lack of Transparency
CLF has insufficient information. Unlike other brokers, this lack of transparency makes it difficult for investors to make informed decisions.
Negative CLF Reviews on WikiFX
On WikiFX, “exposure” is information users pass on by word of mouth.
Clients must review the information and assess the risk before trading, especially for unregulated platforms. You can consult our platform for details. The client can find trader-related comments in our “Exposure” section, where our team will try our best to resolve any issues.
There were 4 pieces of CHLFX exposure in total. I will introduce 2 of them.
Exposure 1. Unable to withdraw
| Classification | Account cannot log in and money cannot withdraw |
| Date | 2021-02-08 |
| Post Country | Hong Kong |
The user said that he was know the platform from a group and he cannot log in that his money cannot withdraw. You may visit: https://www.wikifx.com/en/comments/detail/202102087142451544.html .
Exposure 2. fraud
| Classification | the superior of CLF has been arrested |
| Date | 2019-11-20 |
| Post Country | Hong Kong |
The user said the superior of CLF had admitted his scam and been arrested. You may visit: https://www.wikifx.com/en/comments/detail/201911198692330534.html
Conclusion
CLF is not safe. It has limited information, resulting in one-sided client knowledge, and is unregulated. Financial risk may arise from lack of regulation. Moreover, trading on this platform is not transparent and clients may experience loss of funds. As a result, clients must be rational and cautious when trading on this platform, or choose a more secure trader.
4
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