CFI Review 2024

Quick Links

• Our Review Method

• What is CFI?

• CFI Pros and Cons

• Is CFI Safe or a Scam?

• Leverage

• Accounts

• Opening CFI Trading Account

• Trading Instruments

• CFI Fees

• Spreads

• Deposits and Withdrawals

• Trading Platforms

• Customer Support

• Education

• Conclusion

Our Review Method ▲

To provide a comprehensive and unbiased review of CFI (Credit Financier Invest), we conducted a detailed analysis encompassing a wide array of factors. This included evaluating the broker's regulatory environment, trading platforms, financial instruments, customer service, educational resources, and overall trading conditions. Our methodology involved comparing CFI against a rigorous benchmark of over 1000 brokers to ensure a balanced and informed assessment. Through this methodical approach, we aim to deliver a review that not only highlights CFI's strengths and weaknesses but also offers valuable insights for traders in making informed decisions.

What is CFI? ▲

Credit Financier Invest, commonly known as CFI, is a distinguished Forex trading firm offering an extensive assortment of financial services to a diverse clientele, including individual investors, corporations, and institutional clients. The brokerage engages in a broad spectrum of global financial markets such as Forex, equities, bonds, commodities, derivatives, and beyond. Alongside brokerage services, CFI also furnishes clients with asset management, investment banking, and various other financial solutions. With over 25 years of experience in the industry, CFI Financial Group boasts a global presence through its multiple entities located in key financial hubs including London, Larnaca, Beirut, Amman, Dubai, among others. Overall, CFI stands as a reputable and well-established brokerage firm, offering comprehensive financial solutions to clients worldwide.

CFI Pros and Cons ▲

From our comprehensive review, it's evident that CFI offers a robust suite of features and services, making it a competitive player in the brokerage industry. However, like any broker, it has its set of strengths and weaknesses.

Pros

• Offers an extensive selection of over 8,500 trading instruments across various asset classes

• Provides competitive trading costs and conditions

• Supports advanced trading platforms including MT5 and cTrader

• Boasts regulatory compliance with multiple toptier authorities, including the FCA, enhancing trust and security

• Provides a wealth of learning resources and research materials, beneficial for beginner traders

• Expansion into the MENA region, making it an appealing choice for traders from this area

Cons

• Trading conditions may vary depending on the entity, impacting consistency

• Clients should be wary of market fluctuations affecting returns, especially when trading via international entities with looser regulations

• The UK entity's website does not offer 24/7 customer support, limiting accessibility for some traders

Is CFI Safe or a Scam? ▲

CFI is far from being a scam; it is a legitimate broker regulated by several top-tier authorities. The broker's compliance with strict regulatory standards set by the FCA, CySEC, DFSA, FSC, VFSC, FSA, JSC, and BDL underscores its commitment to providing a secure and transparent trading environment. Such regulatory oversight ensures that CFI adheres to high ethical and operational standards, offering traders peace of mind regarding the safety of their investments. Therefore, traders can confidently engage with CFI, knowing they are dealing with a reputable and reliable broker.

Leverage ▲

Leverage is an important financial tool that allows traders to magnify their market exposure using a relatively small amount of capital. However, it's crucial to understand that while leverage can amplify profits, it can also exacerbate losses. CFI provides leverage options in line with regulatory guidelines across different regions: UK and European traders can access leverage up to 1:30 for major currency pairs, reflecting the conservative limits set by the FCA and CySEC. On the other hand, international traders have the opportunity to utilize higher leverage ratios up to 1:500, offering greater flexibility but also higher risk. It is vital for traders to fully comprehend the implications of leverage and employ it judiciously in their trading strategies.

Accounts ▲

Based on our thorough analysis, traders are presented with the choice of selecting between All-inclusive and Premium account types. These accounts come with the benefit of low commissions and trading spreads, making them an appealing one-stop account offering suitable for a broad spectrum of traders. In addition to these, the broker has broadened its services to include Swap-free accounts, particularly catering to the expanded client base in the MENA region. Moreover, a Demo account is available at no extra cost, enabling traders to hone their trading skills and test various strategies through simulated trades without any financial risk.

Opening CFI Trading Account ▲

Registering and opening an account with this broker is a straightforward and quick process. Interested individuals can initiate the process by navigating to the 'Open a Real Account' page on the broker’s website. The registration requires the submission of necessary personal information such as name, email address, and phone number. To verify the submitted information, traders are required to upload documents like proof of residence and identification. Additionally, an electronic quiz to confirm trading experience is part of the registration process. Following the successful activation and verification of the account, traders can proceed with depositing funds.

Trading Instruments ▲

CFI grants access to an extensive array of trading options, boasting over 8,500 products across Forex, Indices, Commodities, Equities, ETFs, and more. However, it is important to note that the availability of specific trading instruments may differ depending on the broker's entity. For instance, Cryptocurrency CFDs are only accessible through international entities, as the FCA has imposed a ban on the use of Cryptos for retail traders within certain jurisdictions. Despite this, CFI's Market Range Score stands impressively at 8.5 out of 10 for its broad selection of popular trading products, though some well-liked asset classes remain inaccessible.

CFI Fees ▲

The broker is recognized for offering competitive pricing across most of its trading services, characterized by low commissions. Notably, CFI does not levy any fees for deposits and withdrawals, enhancing the cost-effectiveness of its trading environment. However, traders should be aware of potential fees related to funds transfer to and from their trading accounts. Additionally, trading activities might incur extra costs, such as swap or rollover fees. With our comprehensive evaluation and comparison to over 1000 other brokers, CFI's Fees are deemed average with an overall rating of 4.0 out of 5.

Spreads ▲

Our in-depth testing revealed that CFI provides both tight and floating spreads, showcasing an average spread of 0.6 pips for the EUR/USD currency pair in the Forex market. It's critical to understand that spreads can fluctuate based on an array of factors including market conditions, volatility, and liquidity levels. For precise and detailed information regarding spreads, traders are encouraged to visit the broker’s official website or reach out to their customer support. Upon comparing with other brokers, CFI's Spreads are considered average, garnering an overall rating of 4.0 out of 5. This evaluation is based on our findings that Forex spreads are below the industry average, and spreads for other trading instruments are equally competitive.

Deposits and Withdrawals ▲

The broker provides its clients with the flexibility to deposit funds into their trading accounts using Bank Wire and Credit/Debit card methods. However, certain payment methods may come with specific requirements depending on the client’s bank or other financial institutions involved in the transaction.

CFI Funding Methods we ranked good with an overall rating of 3.9 out of 5. Fees are low, and also you can benefit from various account-based currencies.

Here are some positive and negative points for CFI funding methods found:

CFI Minimum Deposit

There is no minimum deposit requirement to open a trading account with CFI, which makes it a flexible option for traders of different financial capabilities.

Most other brokers have a minimum deposit of $500

CFI Withdrawals

Upon our findings, the broker does not charge fees for deposits and withdrawals. CFI UK ensures that withdrawing funds from your online trading account is a seamless and efficient process. You simply need to select the desired withdrawal method and provide your credentials within the CFI portal.

Withdraw Money from CFI Step by Step:

To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:

Login to your account

Select Withdraw Funds’ in the menu tab

Enter the withdrawn amount

Choose the withdrawal method

Complete the electronic request with the requirements

Confirm withdrawal information and Submit

Check the current status of withdrawal through your Dashboard

Trading Platforms ▲

CFI traders can use the advanced MetaTrader 5 and cTrader trading platforms on various devices such as Android, iOS, Windows, and Mac. These platforms are highly regarded for their strong features, user-friendly interface, advanced charting tools, and extensive trading capabilities.

CFI Platform is ranked good with an overall rating of 4.4 out of 5 compared to over 1000 other brokers. We mark it as good since it offers the widely popular MT5 and cTrader trading platforms, which are suitable for various trading strategies.

Trading Tools

We found that these platforms offer a diverse range of trading tools to assist traders in making informed decisions and optimizing their trading strategies, which include powerful charting capabilities, advanced order types, and execution, strategy automation, one-click order entry, and many other advanced features. Moreover, traders have access to real-time data feeds, risk management tools, economic calendars, and other valuable resources aimed at enhancing the trading experience and improving overall trading performance.

Customer Support ▲

The broker’s customer service operates 24/5 through Phone, Email, Live chat, and Social Media. Also, the support team consists of trading specialists who are ready to help with technical support, offer recommendations, answer general questions, and assist in resolving operational problems.

Customer Support in CFI is ranked good with an overall rating of 4 out of 5 based on our testing. We got fast and knowledgeable responses, and also it is easy to reach during the working days.

Education ▲

Finally, traders have the advantage of accessing a diverse selection of educational materials, including webinars, a trading blog, an economic calendar, a glossary of terms, and educational videos, all designed to enhance the knowledge and skills of traders.

CFI Education ranked with an overall rating of 4.2 out of 5 based on our research. We found that the broker offers good-quality of educational materials, research, and analysis suitable for beginners or traders to enhance their trading strategies knowledge.

Conclusion ▲

In summary, CFI is a trustworthy Forex broker that offers a competitive trading environment, a diverse range of trading products, and low trading fees for both retail and institutional clients. Since broker provides popular trading platforms like MT5 and cTrader, which are equipped with advanced features and tools offering suitable for various levels of traders. The broker also provides a wide range of educational materials and research resources to support traders in expanding their knowledge and staying informed about the market. Another plus is no minimum requirement of deposit and quite a good coverage of the MENA region with swap-free and Islamic accounts offering.

However, there may be variations in trading conditions depending on the specific entity, alike Broker has several entities in offshore zones, so mainly international clients are served by these entities which indeed offer lower security levels compared to its UK or Cyprus entity. Moreover, the absence of 24/7 customer support is another drawback to consider.

Overall, CFI is a reliable and comprehensive platform for traders seeking confidence in navigating the financial markets. Yet, we recommend conducting thorough research to ensure that the broker aligns with your individual trading needs, considering possible differences in conditions across different entities.

Based on Our findings and Financial Expert Opinions CFI is Good for:

• Traders from the UK

• Traders from MENA Region, Dubai, Lebanon

• Islamic Trading and Swap-Free Trading

• Traders who prefer the MT5 and cTrader trading platforms

• International traders

• CFD and currency trading

• Beginners

• European traders

• Institutional trading

• STP/NDD execution

• Swap-free trading

• Competitive spreads

• Good trading tools

• EA/Auto trading