Note: CF's official site - https://www.cf139.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is CF？
CF Group Limited is a trading company registered in the United Kingdom. It is currently regulated by FSPR, however the license is suspected to be a clone.
Pros & Cons
Cons:
Dead Website: It appears that CF Group Limited's website is inaccessible or dysfunctional, drastically limiting available information about them.
Suspicious Regulation: CF has a “suspicious clone” regulatory license, which means this company can be a clone.
Limited Information Available: There is a limited amount of information available about the company, making it challenging for potential investors to make informed decisions.
Negative Customer Reviews: Negative feedback from customers can be a telling sign of inadequate services or customer dissatisfaction.
Is CF Safe or Scam？
Regulatory Sight: CF Group Limited appears in the Financial Service Providers Register as a potentially suspicious clone. Their status stipulates that they are a “Financial Services Corporate” and are allegedly regulated by the financial authority in New Zealand with the license number 507506. This status, together with their designation as a possible suspicious clone, warrants far more caution in transacting or interacting with this entity.
CF Group Limited has an extensive number of complaints and issues raised by users, totaling 34 in number. The primary issue reported by most users is the difficulty in withdrawing their funds from the platform. Users have complained about obstacles such as inconsistent withdrawal processes, account freezes, and even outright denials of withdrawal requests.
Additionally, some users have faced issues with deposits, describing that they are led to make payments into individual accounts rather than company ones, raising questions about the legitimacy of the transactions.
Users have also reported instances of the platform unilaterally adjusting user funds to zero and suspending trading accounts without a legitimate reason. Furthermore, several clients claimed the platform's customer service is unsatisfactory, often giving vague responses or not providing necessary support when issues arise.
In addition to these, some users have reported losses due to irregularities in trades, such as server disconnections during key trading moments and the platform adjusting the margin ratio, causing forced liquidation.
Several users have accused CF Group Limited of fraudulent activities, claiming scam practices in their dealings. Some of them even reported these issues to local law enforcement and reported their case to the police. For those contemplating investing in CF Group Limited, these reported issues warrant serious consideration.
Customer Support
CF provides a phone number (4001208936), a QQ number (800163863), and an email address (cs@chuangfu88.com) as customer service contact points.
Conclusion
CF Group Limited, despite its registration in the United Kingdom, operates with a suspicious clone regulation and possesses a non-operational website. With abundant negative customer reviews and very scant available information about its operations, the potential risks associated with interacting or transacting with CF Group Limited are significantly heightened. Therefore, anyone considering engagement with this entity should show extreme caution.
Frequently Asked Questions (FAQs)
Q: Is CF regulated or not？
A: Yes, CF is regulated, but with a “suspicious clone” regulatory license.
Q: Is my money safe with CF？
A: No, it is not. With overwhelming negative reviews, we can see that users are facing issues trading with CF, so we do not recommend you to deposit your money.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2022-12-15 15:55