CFX Markets Global Broker Review

A United States regulator warning has been issued against CFX Markets Global in September 2023

If you are looking for a reliable and trustworthy online broker, you might have come across CFX Markets Global. This broker claims to offer a wide range of trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies. But is CFX Markets Global a scam or a legit broker? In this blog post, we will review CFX Markets Global and its features, and help you decide whether it is worth your time and money.

What is CFX Markets Global?

CFX Markets Global is an online trading platform that was launched in 2019. It is owned and operated by CFX Markets Global Ltd, a company registered in St. Vincent and the Grenadines. According to its website, CFX Markets Global has offices in London, Dubai, Hong Kong, and Singapore. The broker claims to have over 250,000 clients from more than 100 countries.

CFX Markets Global offers four types of trading accounts: Basic, Silver, Gold, and Platinum. The minimum deposit required to open an account is $250. The broker also provides a demo account for practice purposes. The trading platform used by CFX Markets Global is MetaTrader 4 (MT4), one of the most popular and widely used platforms in the industry. MT4 allows traders to access various tools and features, such as charts, indicators, expert advisors, and automated trading.

CFX Markets Global also offers a variety of educational resources, such as webinars, ebooks, videos, articles, and market news. The broker claims to have a dedicated customer support team that is available 24/7 via phone, email, live chat, and social media.

Is CFX Markets Global a scam or a legit broker?

While CFX Markets Global may seem like a legitimate and professional broker at first glance, there are some red flags that suggest otherwise. Here are some of the reasons why we think CFX Markets Global is a scam and not a legit broker:

  • Lack of regulation: CFX Markets Global is not regulated by any reputable authority or agency. The broker is registered in St. Vincent and the Grenadines, which is known to be a haven for shady and unregulated brokers. This means that CFX Markets Global does not comply with any rules or standards that protect the interests and rights of traders. If you trade with CFX Markets Global, you risk losing your money without any recourse or compensation.
  • Fake reviews: CFX Markets Global has a lot of positive reviews on its website and on various online platforms. However, most of these reviews are fake and fabricated. They are written by paid actors or bots who praise the broker and its services without any evidence or proof. On the other hand, there are also many negative reviews and complaints from real traders who have been scammed by CFX Markets Global. They report issues such as withdrawal problems, account manipulation, hidden fees, and poor customer service.
  • Unrealistic promises: CFX Markets Global makes unrealistic and exaggerated promises to lure unsuspecting traders. The broker claims to offer high returns, low spreads, fast execution, and no commissions. However, these are too good to be true and impossible to achieve in the real market conditions. CFX Markets Global also offers bonuses and incentives that come with strict and unfair terms and conditions that prevent traders from withdrawing their money.
  • High-pressure tactics: CFX Markets Global uses high-pressure tactics to persuade traders to deposit more money or to trade more frequently. The broker employs aggressive sales agents who call or email traders constantly and urge them to invest more or to follow their signals or advice. These agents are not qualified or licensed to provide financial guidance or recommendations. They are only interested in making commissions from the traders’ losses.

Conclusion

Based on our research and analysis, we conclude that CFX Markets Global is a scam and not a legit broker. We advise you to avoid this broker at all costs and to look for a regulated and reputable broker instead. Trading with CFX Markets Global will only result in frustration and disappointment.

What to Do If You’ve Lost Money with CFX Markets Global?

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