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CFAFX

United Kingdom|5-10 years|
Suspicious Scope of Business|Vanuatu Retail Forex License Revoked|High potential risk|

http://cn.cfa-fx.com/

Website

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Contact

support@cfa-fx.com
http://cn.cfa-fx.com/

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • VanuatuVFSC (license number: 14879) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • The Vanuatu VFSC regulation with license number: 14879 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

CFAFX · WikiFX Survey

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CFAFX · Company Summary

Note: CFAFX's official website: http://cn.cfa-fx.com/ is currently inaccessible normally.

General Information

CFAFX Review Summary
Registered Country/RegionUnited Kingdom
RegulationVFSC (Revoked)
Market InstrumentsForex Pairs, Commodities and Indices
Demo Account
Trading PlatformMetaTrader 4
Leverage1:400
EUR/ USD Spread1.2 to 2.0 pips
Minimum Deposit$300
Customer ServiceEmail: support@cfa-fx.com

CFAFX Information

CFAFX is a broker primarily targeting the Chinese market, offering three types of trading tools with a maximum leverage of 1:400 and requiring a minimum deposit of $300. However, its official website is inaccessible, so detailed information is unavailable. In addition, it is not subject to any legal supervision.

CFAFX's homepage

Pros and Cons

ProsCons
Multiple Trading ChoicesLack of Legal Regulation
No Demo Accounts
Limited Info on Trading
Unavailable Website
High Minimum Deposit

Is CFAFX Legit?

CFAFX claims to be regulated by the Vanuatu Financial Services Commission, but through investigation, it was found that its license has been revoked. Moreover, Vanuatu's capital requirement for brokers is only $2,000. This low entry threshold has resulted in the presence of many fraudulent brokers. Therefore, you must pay attention to this information and choose a legally regulated broker.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberStatus
Vanuatu Financial Services CommissionCAPITAL FINANCIAL ADVISERS CO., LTDRetail Forex License14879Revoked
Revoked VFSC license

What Can I Trade on CFAFX?

CFAFX offers forex pairs, commodities and indices.

Tradable InstrumentsSupported
Forex
Commodities
Indices
Cryptocurrencies
Stocks
Mutual Funds
Bonds

Account Type

CFAFX offers two types of accounts: Standard accounts and Institutional accounts. The minimum deposit is $300 and $5,000, respectively and the maximum leverage for both is 1:400, which is relatively high in the industry. Spreads are 1.2-2 pips for standard accounts and 0-1.2 pips for institutional accounts.

However, demo accounts are not available at CFAFX.

Account TypeMini DepositMax LeverageSpreads
Standard$3001:4001.2-2.0 pips
Institutional$5,0001:4000-1.2 pips

Trading Platform

CFAFX supports trading on leading trading platform MT4. MT4 can handle customized tools such as advanced technology indicators and automated trading systems.

Trading PlatformSupportedAvailable Devices
MT5/
MT4computer and phone
MT4

Deposit and Withdrawal

The deposit and withdrawal methods supported by CFAFX include bank transfer, credit card/debit card, and China UnionPay.

Customer Service

The official website of CFAFX is inaccessible, and as a result, no other information about customer service is provided except for email. This is also a dangerous signal, as reliable brokers would provide comprehensive customer service channels.

Contact OptionsDetails
Emailsupport@cfa-fx.com
Supported LanguageEnglish
Website LanguageEnglish, Chinese

The Bottom Line

CFAFX is a broker that offers three types of tradable instruments. The leverage offered is relatively high in industry. If CFAFX is a legitimate broker, you may be able to earn profits many times higher than your principal. However, CFAFX is not legally regulated, so you are advised to stay away from it.

FAQs

Is it safe to trade with CFAFX?

No, trading with CFAFX is unsafe given the lack of legal regulation.

What is the minimum deposit required by CFAFX?

The minimum deposit is $300.

What is the maximum leverage offered by CFAFX?

The maximum leverage is 1:400.

Broker Information

Company Name

Capital Financial Advisers Pty Ltd

Abbreviation

CFAFX

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company

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X

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Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

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--

QQ

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--

Customer Service Email Address
  • support@cfa-fx.com

Company Summary

Review

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