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Clone Firm
Score
1.57 /10
Danger
CBF
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
Clone Firm United Kingdom
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index7.42
Risk Management Index0.00
Software Index4.00
License Index0.00
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Website
Licenses
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!
2
Previous Detection :
2024-12-22
- The claimed United KingdomFCA regulation (license number: 466201) is verified as a clone firm. Please pay attention to the risk!
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
WikiFX Verification
| CBF Review Summary | |
| Founded | 2020 |
| Registered Country/Region | United Kingdom |
| Regulation | Clone |
| Market Instruments | Forwards, Futures, Opions, Swaps |
| Demo Account | Unavailable |
| Leverage | 1:500 (forex), 1:200 (other products) |
| Spread | 0.2 pips for forex, 0.5% for stocks |
| Trading Platform | Meta Trader 4 |
| Min Deposit | $100 |
| Customer Support | Phone: +44 2031295420 |
| Email: info@cbfforex.com | |
CBF Information
CBFoffers market instruments such as forward contracts, futures contracts, options contracts and swaps. CBF offers a maximum utilization of 1:500 Forex double and 1:200 other products. The minimum deposit is $100 and the withdrawal fee is $5. The company's trading platform is Meta Trader 4.
Pros and Cons
| Pros | Cons |
| Regulated by the Financial Conduct Authority | Reported as clone |
| Maximum leverage of 1:500 on forex pairs | Unaccessible website |
| Meta Trader 4 trading platform available | Limited Customer Support channels |
| Access to a network of ATMs for some Savings Accounts | Minimum deposit requirement is as high as $100 |
Is CBF Legit?
CBF is regulated by the UK Financial Conduct Authority (FCA, license number 466201), but this is reported as a clone.
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
 | FCA | Axi Financial Services (UK) Limited | Market Making(MM) | 466201 |
What Can I Trade on CBF?
CBF offers traders the opportunity to have access to Forwards, Futures, Opions, Swaps contracts.
| Tradable Instruments | Supported |
| Forwards | ✔ |
| Futures | ✔ |
| Opions | ✔ |
| Swaps | ✔ |
| Binary Options | ❌ |
| Mutual Funds | ❌ |
Account Types
CBFoffers three live account types, namely Current accounts, Savings accounts, and Type C accounts.
The Current Account offered by CBF is a basic account with no monthly fees.
Leverage
CBF offers a maximum leverage of 1:500 on forex pairs and 1:200 on other products.
CB Fees
The spread of the CBF forex pair is usually around 0.2 points, and the spread of the stock pair is usually around 0.5%.
CBF does not charge commissions on most of its trading products, but charges a commission of $10 per round of trading on futures contracts.
CBF has a minimum deposit requirement of $100.
Trading Platform
Meta Trader 4 is a popular one chosen by CBF to serve clients.
| Trading Platform | Supported | Available Devices | Suitable for |
| Meta Trader 4 | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
Deposit and Withdrawal
CBF allows deposits and withdrawals via bank transfers, credit and debit cards. There is no fee for depositing funds into a CBF account, but there is a $5 fee for withdrawing funds. The minimum daily deposit is $100 and the maximum daily withdrawal is $10,000.
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