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/10

Cambridge FX

Australia|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.cambridgefx.com/home/

Website

Rating Index

Influence

Influence

D

Influence index NO.1

Pakistan 2.56

Surpassed 42.37% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

416-646-6401,(800)374-8077
info@cambridgefx.com
https://www.cambridgefx.com/home/
212 King Street West Suite 400 Toronto, ON M5H 1K5, Canada

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

416-646-6401,(800)374-8077

Broker Information

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Company Name

CAMBRIDGE MERCANTILE (AUSTRALIA) PTY. LTD.

Company Abbreviation

Cambridge FX

Platform registered country and region

Australia

Company website
Twitter
Linkedin

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 351278) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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Cambridge FX · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Cambridge FX Review Summary
Founded N/A
Registered Country/Region Australia
Regulation ASIC (suspicious clone)
Solutions AP automation, cross-border transactions, commercial expense cards, bill payment
Customer Support 24/7 phone, email, online messaging

What is Cambridge FX?

Cambridge FX (now known as Corpay), a FLEETCOR company, is a provider of integrated cross-border payment services and currency risk management solutions, with offices and applicable licensing and regulatory approvals across North America, Europe, and Australia. One of its entities in Australia, AUSTRALIA Cambridge Mercantile (Australia) Pty.Ltd, is located in Melbourne, Victoria, Australia, authorized and regulated by Australian Securities & Investment Commission (ASIC, suspicious clone), with license number 351278.

Cambridge FX's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Cambridge FX offers a wide range of solutions and educational resources, along with 24/7 customer support. However, the lack of regulation and reports of difficulties with withdrawals raises concerns about the safety and reliability of the broker.

Pros Cons
• Broad range of solutions • Suspicious clone ASIC license
• Rich educational resources • Reports of unable to withdraw
• Provides 24/7 customer support • Lack of transparency
• Website versions for multiple languages

Note: Please keep in mind that this table is based on the limited information provided and is not a comprehensive analysis of the company. It is important to do your own research and exercise caution when investing with any broker.

Cambridge FX Alternative Brokers

    There are many alternative brokers to Cambridge FX depending on the specific needs and preferences of the trader. Some popular options include:

    • HotForex: For traders seeking a wide range of trading instruments and competitive pricing.

    • FxPrimus: For traders who value safety and security as a top priority.

    • Vantage FX: For experienced traders who want access to advanced trading tools and technology.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Cambridge FX Safe or Scam?

Based on the information provided, it is difficult to determine whether Cambridge FX is safe or a scam. However, the fact that they are unregulated and the suspicious clone Australia Securities & Investment Commission (ASIC, License No. 351278) license raises red flags.

Additionally, reports of clients being unable to withdraw their funds are concerning. It is important to exercise caution when considering investing with a broker, especially if they are unregulated. It is recommended to thoroughly research a broker before investing and to choose a regulated and reputable broker to ensure the safety of your funds.

Solutions

Cambridge Global Payments offers a range of solutions to suit businesses of any size, including AP automation, cross-border transactions, commercial expense cards, and bill payment. With AP automation, businesses can simplify their payment process and streamline their accounting. Cross-border transactions can be facilitated seamlessly, without the need to worry about currency conversions and fluctuations. Cambridge FX also provides commercial expense cards that help to manage business expenses and bill payment services that allow for the timely settlement of bills.

Solutions

Customer Service

Cambridge FX offers a comprehensive customer support system to its clients. The broker provides 24/7 support through various channels, including phone, email, and online messaging. Clients can also follow the company on social networks like Twitter and LinkedIn to stay updated with the latest news and developments.

Customer Service
Customer Service

Overall, Cambridge FX's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros Cons
• 24/7 multi-channel customer support No live chat support
• Active presence on social media platforms

Note: These pros and cons are subjective and may vary depending on the individual's experience with Cambridge FX's customer service.

User Exposure on WikiFX

It's crucial to practice caution when investing, including when choosing a broker like Cambridge FX. There have been reports of difficulty withdrawing funds. It's essential to conduct thorough research and take precautions when making investment decisions. Using our platform, you can access information about brokers to help inform your choices. If you encounter fraudulent brokers or become a victim of one, you can report it in the Exposure section, and our team of experts will work diligently to resolve the issue.

User Exposure on WikiFX

Education

Cambridge FX provides a wide range of educational resources for traders and businesses alike. Through their blog, market analyses, podcasts, case studies, whitepapers, webcasts, newsroom, and currency research, clients can access valuable insights into market trends, best practices, and strategies. Whether you are new to forex trading or an experienced professional, Cambridge FX's educational resources can help you stay informed and make informed decisions.

Education

Conclusion

Based on the information provided, Cambridge FX offers a comprehensive suite of solutions and various educational resources. Additionally, they offer 24/7 multi-channel customer support, and they have a presence on various social media platforms.

However, it is important to exercise caution when investing with any broker, including Cambridge FX, as there have been some reports of difficulties with withdrawals, and their Australia Securities & Investment Commission (ASIC, License No. 351278) is a suspicious clone. Investors should thoroughly research and consider the potential risks before making any investment decisions.

Frequently Asked Questions (FAQs)

Q 1: Is Cambridge FX regulated?
A 1: No. Their Australia Securities & Investment Commission (ASIC, License No. 351278) is a suspicious clone.
Q 2: Is Cambridge FX a good broker for beginners?
A 2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its negative reviews from their users complaining that they are unable to withdraw.

News

Something you need to know about the broker called Cambridge FX

ExposureSomething you need to know about the broker called Cambridge FX

2022-12-12 16:30

Cambridge FX is an online forex broker offering a series of market instruments. If you are planning to invest in Cambridge FX, we suggest you check this article out, which may help you better understand this broker.

WikiFX
2022-12-12 16:30
Exposure
Something you need to know about the broker called Cambridge FX

User Reviews

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User comment

3

Comments

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Rangrate
more than one year
I recently provided feedback on the FAQs section of the Cambridge FX website due to some noticeable issues that didn't align with my actual user experience. I promptly communicated this concern with their customer service. However, despite a week passing, there have been no updates or corrections made. As someone who takes things seriously, I find their lack of professionalism concerning.
2024-02-01 10:20
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0
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智行全脑
more than one year
Cambridge FX is a company dedicated to cross-border payments. We all know that the fees charge by banks for this kind of payments are usually high and sometimes hard to take. However, the security shoud not make a concession to saving money.
2023-02-20 18:35
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0
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My Luo
more than one year
Cambridge FX's website looks minimal, but I see some bad info on wikifx. It feels too dangerous to deal with this company. I have to be vigilant.
2022-12-12 10:27
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