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• Our Review Method

• Is CF Merchants Scam or Legit Broker?

• What is CF Merchants?

• Overall CF Merchants Ranking

• Deposit & Withdrawal

• Pros

Cons

• 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 Merchants due to the issues we've identified.

Is CF Merchants Scam or Legit Broker? ▲

CF Merchants is a Forex brokerage firm that has been flagged as potentially unsafe for traders. The entity overseeing its operations, CF Merchants Limited, is incorporated in St. Vincent and the Grenadines, a jurisdiction notorious for its lack of stringent financial regulations. The absence of rigorous oversight in this locale has unfortunately turned it into a haven for numerous dubious Forex brokers, including the likes of CapitalXP and TraderUR. Our in-depth analysis into the dangers of engaging with brokers from St. Vincent and the Grenadines further underscores the risks involved.

What is CF Merchants? ▲

CF Merchants portrays itself as a provider of trading services across a broad spectrum of assets, including over 50 currency pairs, indices, CFDs, and commodities like gold, silver, and oil. The firm claims its inception in March 2011, with registration in St. Vincent & the Grenadines under the number 24535 IBC 2018. Nonetheless, the Financial Services Authority (FSA) of St. Vincent and the Grenadines has explicitly stated its non-involvement in licensing or regulating Forex trading activities. Therefore, CF Merchants, along with any other Forex entity claiming registration in this jurisdiction, is unauthorized to offer its financial services to the public.

Overall CF Merchants Ranking ▲

Upon thorough examination and comparison to over 1000 other brokers, CF Merchants has been found significantly lacking in terms of regulation and safety measures. Consequently, our expert assessment, drawn from more than a decade of Forex trading experience, assigns CF Merchants an overall score of 2.0 out of 5. This evaluation reflects the broker's unfavorable standing when placed against other reputable and industry-leading brokers.

Deposit & Withdrawal ▲

CF Merchants facilitates a straightforward process for depositing and withdrawing funds, offering a variety of payment methods including bank wire transfers, Visa and Mastercard, as well as digital wallets like Skrill, Perfect Money, Neteller, and Tether. Despite this convenience, the broker imposes a $20 processing fee for withdrawals under $100, which might be a deterrent for small-scale traders. Additionally, CF Merchants adheres to a strict policy against third-party transactions, ensuring that withdrawals are processed through the same payment system used for deposits.

Pros ▲

• Offers a wide range of trading instruments

• Multiple payment options for deposits and withdrawals

Cons ▲

• Registered in a jurisdiction with lax financial regulations

• Charges a high fee for small withdrawals

• Does not accept thirdparty payments, limiting flexibility

• Lacks robust regulatory oversight, raising safety concerns

Conclusion ▲

In light of the significant regulatory and safety concerns identified throughout our comprehensive review, we strongly advise traders and investors to steer clear of CF Merchants. The broker’s registration in St. Vincent and the Grenadines, a jurisdiction known for its minimal financial oversight, poses a considerable risk. Traders are encouraged to seek out highly regulated brokers, preferably those overseen by reputable authorities like the FCA in the UK or ASIC in Australia. In conclusion, due to the myriad of issues uncovered, our overall assessment and experience with CF Merchants are overwhelmingly negative, and we recommend traders to look elsewhere for their trading needs.