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CFX -

Score

1.51 /10
Danger

CFX

China

5-10 years

Suspicious Regulatory License

Suspicious Overrun

High potential risk

http://www.circleforex-china.com

Influence

D

Add brokers

Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.03

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

Circleforex

Company Abbreviation

CFX

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The New ZealandFSPR regulation (license number: 476086) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
CFX · Company summary
CFXReview Summary
Founded2018-10-25
Registered Country/RegionChina
RegulationSuspicious Clone
Market InstrumentsCurrency Pairs(30+)/Precious Metals/Crude
Demo Account✅
LeverageUp to 1:100
SpreadUltra-low
Trading PlatformMT4(PC/iOS/Android/Web)
Min Deposit$100
Customer SupportEmail: info@circleforex.com
Live chat

CFX Information

CFX is a financial services platform. The tradable instruments, with demo and live accounts with a maximum leverage of 1:100, include currency pairs, precious metals, and crude. The minimum spread is unspecific and the minimum deposit is 0. CFX is still risky due to its suspicious clone status, high leverage, and negative comments about losses.

Pros and Cons

Pros Cons
24/5 customer supportSuspicious Clone
Leverage up to 1:100Only email
Demo account availableUnspecific cost information
MT4 availableNegative comments about losses

Is CFX Legit?

FSPR regulates CFX with a suspicious clone status, which makes it less safe than regulated brokers.

Is CFX Legit?
Is CFX Legit?

What Can I Trade on CFX?

Traders can choose different investment directions because the broker provides currency pairs, precious metals, and crude.

Tradable Instruments Supported
Currency Pairs✔
Precious Metals✔
Crude✔
What Can I Trade on CFX?

Account Type

CFX has demo and live accounts. Traders who want free investment can choose to open a demo account.

Account Type Supported
Demo✔
Live✔
Account Type

CFX Fees

CFX claims that it does not charge handling fees and has no further fee information.

CFX Fees

Leverage

The maximum leverage is 1:100 meaning that profits and losses are magnified 100 times.

Leverage

Trading Platform

CFX has an authoritative MT4 trading platform for PC, iOS, Android, and Web.

Trading PlatformSupported Available Devices ec
MT4✔PC, iOS, Android, and Web
Trading Platform

Deposit and Withdrawal

The minimum deposit is $100. CFX supports bank deposits and withdrawals.

Deposit and Withdrawal

Customer Support Options

CFX provides 24/5 customer support, and traders can contact CFX via live chat and email instead of the phone, which is unable to communicate with customers in time to solve efficiently emergencies.

Contact Options Details
Email info@circleforex.com
Live chat✔
Supported Language Chinese
Website Language Chinese
Physical Address Not mentioned
Customer Support Options
Customer Support Options

User Reviews

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User comment

1

Comments

Write a review

legion
more than one year
Their account opening threshold is very low, only $100 is enough, and the leverage they offer is also very high, and there is a lot of trading variety selection, which allows me to trade better. But what I like the most is their demo account, which allows me to try my hand before trading live, which is very practical.
Their account opening threshold is very low, only $100 is enough, and the leverage they offer is also very high, and there is a lot of trading variety selection, which allows me to trade better. But what I like the most is their demo account, which allows me to try my hand before trading live, which is very practical.
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2023-03-22 15:50
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