Abstract:CFX TRADERS is allegedly a suspicious regulated forex broker registered in the UK. Unluckily, other more detailed information about this broker is not available on the Internet.
Note: Since CFX TRADERS official site (https://cfxtraders.ae/?a=home) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.
General Information & Regulation
CFX TRADERS is allegedly a suspicious regulated forex broker registered in the UK. Unluckily, other more detailed information about this broker is not available on the Internet.
Market Instruments
We didnt find any specific information about trading financial instruments provided by CFX TRADERS on the Internet. However, from the name of the broker, we can easily get the knowledge that it may offer forex trading.
Customer Support
CFX TRADERS‘ customer support can only be reached by email: admin@cfxtraders.ae. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
According to the report, Doo Group, a prominent Singapore-based online brokerage firm, has strengthened its global presence by securing new offshore licenses for its brokerage brand, Doo Financial. The company recently announced that entities under the Doo Financial umbrella have been granted licenses by two key offshore regulatory bodies: the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).
In recent months, PrimeX Capital, a Forex and CFD broker established in 2022, has become a subject of concern in the trading community. However, despite these enticing features, the broker's reputation has been severely tarnished by multiple complaints and a troubling lack of regulatory oversight.
Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.
Doo Financial, a subsidiary of Singapore-based Doo Group, has expanded its regulatory footprint by securing new offshore licenses from the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).