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CFX Market Review
What is CFX Market?
CFX Market is an unregulated broker platform similar to Jungle Capital Limited, which we reviewed earlier. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Companies providing online brokerage services without a license cannot provide their clients with any sort of protection.
CFX Market Regulation
They are unregulated and most likely totally illegal, which ultimately means that your funds will be in danger if you deposit! So, yet again, there is another reason to stay away from them!
As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. They can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of client’s funds. For example, in most jurisdictions, a company will get a license if it meets the minimum capital requirement that varies by country and may also depend on the product specification, business classification and so on.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with.
On top of that, once you click and provide them with your e-mail and contact number they will ring you immediately and promise you anything to make you deposit money with them as fast as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. You shouldn’t provide this information. There is also a chance to become a victim of Identity theft, experiencing many more problems consequently.
CFX Market Complaints
Depending on the amount of experience people have with brokers, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of our clients were not aware their platform was problematic before they had already signed up. If they shows any of these signs, either avoid them entirely or look very carefully before proceeding:
🔴 Not regulated
🔴 High fees and commissions
🔴 Not enough information on the website
🔴 Poor communication and refusal to answer questions
🔴 Pushy manner
🔴 Keeps mentioning rules and fees that were not outlined in the contract
🔴 Does not let you withdraw money from your account
CFX Market Products and Services
They are not safe, and we say so because it’s an unregulated broker. They always promise things they won’t deliver, and CFX Market makes no exception – they claim that customers can become rich quick, which is a scam offer seen from any viewpoint! Such promises are ludicrous, and they show that CFX Market is a suspected scam you should avoid! Beware!
CFX Market Customer Support
CFX Market allows you to contact them through telephone contact and email. They do not provide any location data. There is no certainty in the contact information available.
You ought to receive an instant reply to your query, if not fast. Nevertheless, fraudsters cut off communications upon receiving your money. It is improbable to deliver a friendly interface without proper customer relations. Active customer support assists in determining more trust in the company.
Are Funds Safe With CFX Market?
With such lack of information and being unregulated, funds are not safe. Security of funds is a huge problem with brokers. A red flag that we noticed is that they are withholding vital information to users. They could go bankrupt from one day to another since there are no banking information about them.
CFX Market does not guarantee the security of funds. The safety of your money is a top factor to consider in any platform. Any red flag is a warning you should not ignore. Investing your money with anonymous platforms not only puts your money at risk. Your data may fall into the wrong hands attracting criminal activities during the registration process.
CFX Market Withdrawals
The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:
🔴 Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s funds
🔴 Will charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawing
🔴 Cease communication. They may be evasive or simply not communicate at all.
If CFX Market is doing any of these things to avoid releasing your funds, do not hesitate to leave a comment to warn others.
CFX Market Review: our Conclusion!
CFX Market is an unregulated platform to avoid. Their methods for investment are unreliable.
If you have been scammed, feel free to leave a comment or if you wish to arrange a free consultation with our professionals, do not hesitate to submit your complaint by clicking the button bellow.
ℹ️ CFX Market Details
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7 thoughts on “CFX Market Review”
I have been approached by an associate of mine, whom I trust, and who asked me if I would be interested in CFX, whom I have not previously heard of.
I said I would be interested in learning more about them. He sent me a link, which contains three videos.
My friend said that he was put on to CFX by a friend, who jhe knows and trusts, and who has apparently checked out CFX thoroughly.
Please let me have your thoughts, and the contact for CFX. Thank you
it’s a confirmed scam. Walk away, as for your friend who even considered inviting you to this, you need to re-evaluate your friendship with them.
Interested to know what evidence or reasons you have for thinking this is a scam other than the obvious reservations.
A friend of mine as chatted to me about cfx,
And I am thinking of looking into it.
A friend of mine said this is legit! What are your thoughts?
I’m with CFX WhatsApp me and I will explain further.
Would you trust a company whose terms & conditions say the following? No wonder they are unregulated!!
“Cash Forex Group may change, amend, delete or add to this Agreement or any of the terms and
conditions contained in any policies or rules governing the Website, the Product(s) and/or the Service(s)
at any time and in its sole discretion without notice. Any such changes will be eective upon the posting
of the revised Agreement or such policies and rules on the Website, and the User is solely responsible for
reviewing any such notice and the corresponding changes to the Agreement. User’s continued use of the
Website, the Product(s) and/or the Service(s) following any such revisions to the Agreement or such
policies and rules, will constitute User’s acceptance of such changes. If the User does not agree to any
such changes, then the User must not continue to use the Website, Product(s) and/or the Service(s). The
management board can change the Cash Forex Group operation at any time without prior notice.”