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• Our Review Method

• Is CF Group Scam or Legit Broker?

• What is CF Group?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding CF Group due to the issues we've identified.

Is CF Group Scam or Legit Broker? ▲

CF Group raises significant concerns regarding its legitimacy. Despite claims of regulatory compliance, our investigation has unearthed unsettling truths. Contrary to its assertions, CF Group appears to be misusing regulatory information from legitimately authorized firms to gain unwarranted trust from potential clients. Specifically, while CF Group claims association with CF GROUP LIMITED, which is regulated by New Zealand's Financial Markets Authority (FMA), this regulated entity has no ties with CF Group. Such deceptive practices are a glaring red flag, indicating that CF Group is not a broker that traders can trust.

• Registered in: No Registration

• Type of License: No License

• Is CF Group safe to trade: No

• Recommended Licenses: FCA in UK & ASIC in Australia

This lack of genuine regulatory oversight and the misuse of regulatory information underscore the risks associated with trading through CF Group. The absence of a valid license and the disconnection from legitimately regulated entities render CF Group an unsafe choice for traders.

What is CF Group? ▲

CF Group purports to be a Forex and CFD broker with operations headquartered in London. It claims ownership of two subsidiaries: CF GLOBAL UK LIMITED in the UK and CF GROUP LIMITED in New Zealand. On paper, the firm presents itself as regulated by the UK's Financial Conduct Authority (FCA) and the Financial Markets Authority (FMA) of New Zealand. However, a closer inspection reveals a troubling reality. CF GLOBAL UK LIMITED, once a regulated entity by the FCA, is now an appointed representative that is no longer registered. This means it cannot conduct regulated business, directly contradicting CF Group's claims.

Furthermore, New Zealand's FMA has explicitly warned against CF Group. The warning highlights concerns regarding CF Group's app on the Google Play Store, which falsely claims association with the New Zealand-registered financial service provider, CF Group Limited. This misinformation and the direct warning from a regulatory authority emphasize the need for caution when dealing with CF Group.

• CF Global UK Limited's regulatory status: Misrepresented

• Warning issued by New Zealand's FMA: Yes

The discrepancies in CF Group's regulatory claims and the warnings issued against it serve as a stark reminder of the importance of verifying a broker's regulatory status before engaging in trading activities.

Conclusion ▲

Our comprehensive review of CF Group has led us to strongly discourage traders from engaging with this broker. The absence of legitimate regulatory oversight, coupled with the misuse of regulatory information, casts a shadow over CF Group's operations. The explicit warnings from regulatory authorities such as New Zealand's FMA further cement our recommendation to steer clear of CF Group.

For traders seeking a secure and transparent trading environment, it is imperative to opt for brokers that are licensed by reputable financial watchdogs like the FCA in the UK or ASIC in Australia. These regulatory bodies ensure that brokers adhere to strict financial standards, offering traders a higher degree of protection.

In conclusion, while the allure of trading Forex and CFDs remains strong, the choice of broker is paramount. CF Group's misleading regulatory claims and the lack of a valid license make it an unsuitable choice for safety-conscious traders. We urge traders to prioritize security and reliability by choosing well-regulated brokers, thereby safeguarding their investments and trading experience.