NOTE: CN Firsts official site - http://cnffutures.vip/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is CN First？
CN First, founded in 2011 in Hong Kong, specializes in futures trading across major global exchanges, including CBOT, ICE, EUREX, TOCOM, SGX, and HKEx. This strategic positioning enables Zhongyi Futures to facilitate a diverse range of futures contracts, encompassing notable indices like the Hang Seng Index, A50, Dow, S&P, Nasdaq, and DAX.
However, it is crucial to note that there have been suspicions regarding the authenticity of the China Hong Kong Securities and Futures Commission (SFC) regulation claimed by this broker. There are concerns that this license may be a clone or could potentially raise regulatory issues.
Pros & Cons
Cons:
SFC regulation suspected fake clone: There are indications of potential fraudulent activity related to the claimed SFC regulation. Doubts have been cast on the authenticity of the provided SFC regulation, raising concerns about its legitimacy and the possibility that it might be a counterfeit or unauthorized version.
Non-functional Official Website: The non-operational status of CN First's official website (http://cnffutures.vip/) raises significant concerns, as it impedes access to essential information and services. This lack of functionality not only hampers the ability of users to gather crucial details about the platform but also casts doubt on the overall reliability and professionalism of CN First.
Opaque Information: The absence of clear and transparent information poses a challenge for users attempting to comprehend the operations and services offered by CN First. This lack of clarity creates uncertainty, potentially leaving users without a comprehensive understanding of the platform's functionalities, terms, and overall business model.
Is CN First Safe or Scam？
CN First asserts its regulatory compliance through the Securities and Futures Commission of Hong Kong (SFC), citing license number BBH027. However, it is imperative to highlight that the current status of this license has been flagged as “Suspicious Clone.” This designation raises significant doubts and suspicions regarding the authenticity of CN First's claimed regulatory standing. The term “Suspicious Clone” strongly suggests the potential for unauthorized use or manipulation of SFC credentials, casting serious doubts on the broker's credibility and commitment to regulatory standards. Investors and stakeholders are strongly urged to exercise utmost caution when engaging with CN First, given the suspicion surrounding a cloned license.
Customer Support
CN First prioritizes user satisfaction through a variety of customer support options. The platform is committed to providing comprehensive assistance with accessible support channels, including Email, and phone support. This multi-channel approach aims to enhance user experience by offering flexibility and swift resolution to inquiries or concerns.
Conclusion
In conclusion, we advise you be cautious when considering involvement with CN First. The suspicion surrounding the authenticity of regulatory claims and the non-functional website contribute to an overall assessment that raises serious doubts about the platform's trustworthiness.
Frequently Asked Questions (FAQs)
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.
