Score
EFUFX
Hong Kong|5-10 years| http://www.efufx.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United StatesContact
Licenses
Single Core
1G
40G
Contact number
+852 37283173
Other ways of contact
Broker Information
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EFu Group
EFUFX
Hong Kong
Pyramid scheme complaint
Expose
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
- AustraliaASIC (license number: 001268886) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- The VanuatuVFSC regulation (license number: 40436) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The Vanuatu VFSC regulation with license number: 40436 is an offshore regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!
A Visit to EFUFX in Australia - Fake Address
The unauthenticity of the Australia licensed broker EFUFX's regulatory address was confirmed after the surveyor's inspection. The broker's AR license (RN: 001268886) has been cancelled and as was indicated by its retail forex license (RN: 40436) issued by VFSC, the broker was under offshore regulation.
AustraliaA Visit to EFUFX in Australia - Fake Address
The unauthenticity of the Australia licensed broker EFUFX's regulatory address was confirmed after the surveyor's inspection. The broker's AR license (RN: 001268886) has been cancelled and as was indicated by its retail forex license (RN: 40436) issued by VFSC, the broker was under offshore regulation.
AustraliaWikiFX Verification
Australia
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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EFUFX · Company Summary
Note:EFUFX's official website:http://www.efufx.com/ is currently inaccessible normally.
| Aspect | Information |
| Company Name | EFUFX |
| Registered Country/Area | Hong Kong |
| Founded Year | 2017 |
| Regulation | VFSC(Suspicious Clone) |
| Customer Support | Phone:+852 37283173Email:cs@efufx.com |
EFUFX Information
Established in 2017 and registered in Hong Kong, EFUFX is a broker working under dubious clone of VFSC control. EFUFX offers an email address atcs@efufx.com and a phone line at +852 37283 for customer service.
Is EFUFX Legit or a Scam？
 | Vanuatu Financial Services Commission(VFSC) |
| Current Status | Suspicious clone |
| Regulated by | VFSC |
| License Type | Retail Forex License |
| License No. | 40436 |
| Licensed Institution | Top 1 Markets limited |
Downsides of EFUFX
Under a dubious clone of VFSC control, EFUFX operates, which calls into doubt the validity and authenticity of its regulatory stance.
Field investigations revealed evidence of EFUFX with a fake address in Australia and non-functional contact data including a fake email address and unavailability of customer care numbers.
Many complaints centre on major operational issues including lack of withdrawal options, website and iOS app downtime, and significant client financial losses sustained.
Negative EFUFX Reviews on WikiFX
An essential comment part in WikiFX is exposure.
Before trading on unofficial platforms, we recommend users to check this part.It shows material and evaluate dangers. Please kindly visit our website for details.
EFUFX has 4 exposures on WikiFX. I will introduce 2 of them.
Exposure.1 Withdrawal unavailable
| Classification | Withdrawal unavailable |
| Date | March 26th,2020 |
| Post Country | Hong Kong,China |
The client claimed that unavailability of withdrawals results from disabled software.You should go to:
https://www.wikifx.com/en/comments/detail/202003265132878238.html
Exposure.2 Fake contacts
| Classification | Fake contacts |
| Date | October 21st,2019 |
| Post Country | Hong Kong,China |
The client claimed EFUFX, now Forex, runs under a dubious platform and lacks any official contact information.One may visit:
https://www.wikifx.com/en/comments/detail/208106335721888.html
Conclusion
EFUFX, now Forex, is a risky trading decision having unclear regulatory status and been found to have used phoney contact details and addresses. Many complaints about disabled software and inaccessible withdrawals put focus on the risks associated with this broker. Customers should absolutely choose controlled brokers with accessible and publicly available data if they want a safe trading environment.
Review 4
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