Score

1.57 /10
Danger

EFUFX

Hong Kong

5-10 years

Suspicious Regulatory License

Australia Appointed Representative(AR) Revoked

High potential risk

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.43

Risk Management Index0.00

Software Index4.00

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

Broker Information

More

Company Name

EFu Group

Company Abbreviation

EFUFX

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 7
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of 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

Pyramid scheme complaint
Expose
EFUFX · Company summary

Note:EFUFX's official website:http://www.efufx.com/ is currently inaccessible normally.

AspectInformation
Company NameEFUFX
Registered Country/AreaHong Kong
Founded Year2017
RegulationVFSC(Suspicious Clone)
Customer SupportPhone:+852 37283173Email:cs@efufx.com

EFUFX Information

Established in 2017 and registered in Hong Kong, EFUFX is a broker working under dubious clone of VFSC control. EFUFX offers an email address atcs@efufx.com and a phone line at +852 37283 for customer service.

EFUFX Information

Is EFUFX Legit or a Scam?

Is EFUFX Legit or a Scam?
Vanuatu Financial Services Commission(VFSC)
Current StatusSuspicious clone
Regulated byVFSC
License TypeRetail Forex License
License No.40436
Licensed InstitutionTop 1 Markets limited

Downsides of EFUFX

Under a dubious clone of VFSC control, EFUFX operates, which calls into doubt the validity and authenticity of its regulatory stance.

Field investigations revealed evidence of EFUFX with a fake address in Australia and non-functional contact data including a fake email address and unavailability of customer care numbers.

Many complaints centre on major operational issues including lack of withdrawal options, website and iOS app downtime, and significant client financial losses sustained.

Negative EFUFX Reviews on WikiFX

An essential comment part in WikiFX is exposure.

Before trading on unofficial platforms, we recommend users to check this part.It shows material and evaluate dangers. Please kindly visit our website for details.

EFUFX has 4 exposures on WikiFX. I will introduce 2 of them.

Exposure.1 Withdrawal unavailable

Negative EFUFX Reviews on WikiFX
ClassificationWithdrawal unavailable
DateMarch 26th,2020
Post CountryHong Kong,China

The client claimed that unavailability of withdrawals results from disabled software.You should go to:

https://www.wikifx.com/en/comments/detail/202003265132878238.html

Exposure.2 Fake contacts

Negative EFUFX Reviews on WikiFX
ClassificationFake contacts
DateOctober 21st,2019
Post CountryHong Kong,China

The client claimed EFUFX, now Forex, runs under a dubious platform and lacks any official contact information.One may visit:

https://www.wikifx.com/en/comments/detail/208106335721888.html

Conclusion

EFUFX, now Forex, is a risky trading decision having unclear regulatory status and been found to have used phoney contact details and addresses. Many complaints about disabled software and inaccessible withdrawals put focus on the risks associated with this broker. Customers should absolutely choose controlled brokers with accessible and publicly available data if they want a safe trading environment.

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