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The WikiFX Score of this broker is reduced because of too many complaints!

CF

United Kingdom|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://www.cf139.com/

Website

Rating Index

Contact

4001208936
cs@chuangfu88.com
https://www.cf139.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

4001208936

Broker Information

More

Company Name

CF GROUP LIMITED

Company Abbreviation

CF

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 6
Previous Detection : 2024-03-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 29 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Others

My friends making investments in CFD

CFD fraud platform,by faking the server stuck,induced clients to trade continuously,while they were all virtual.When encountering with cocking market, closing position is not allowed.Before Friday,it notes client to deposit money with double margin ensured,thus raising the probability of forced liquidation.Claiming as being regulated,indeed,it is a fraud gang! These are screenshots of remittance to Dejun Ma’s private account.

2019-09-07 10:47
Scam

Wake up, my fellow friends! Please stay away from scam broker CFD!

Wake up, my fellow friends! Stay away! Scam broker CFD! Everyone who opens the account and is trading on CFD (www.cf139.com/m.cf139.com) should take the time to unite! I believe that everyone has suffered serious losses in this platform, and some have even broken their families. As soon as you see this article, I hope you gather all the evidences and go to the police station. Only then can we recover the losses and bring those lawless criminals to justice. You may make profits or losses sometimes if you keep investing in a broker for a long time. Honestly,we make losses not because the lack of skills, just because we have fell into the traps! No matter how, you will lose all your deposit sooner or later. It has nothing to do with our skills since they control the backstage. Once you profit, they would find ways to make the network or server to get stuck and then instantly turn your profit into a loss. Seems like we are investing in an international exchange market, but we are actually investing in a virtual one. We are all fooled! Our money didn’t even go to the market and the balance we see in our account is just the number they show us on their deposit software. Wake up, my fellow friends! No matter you still invest in the broker or not, let’s unite together and call the police as soon as possible. I have contacted this broker for several times and all they did was disrespecting laws and making excuses! I hope everyone use our weapons of law to wipe out this black platform and take our hard-earned money back!

2019-09-06 09:54

    CF · Company Summary

    Note: CF's official site - https://www.cf139.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    CF Review Summary
    Company Name CF GROUP LIMITED
    Registered Country/Region United Kingdom
    Regulation FSPR (Suspicious Clone)
    Market Instruments N/A
    Demo Account N/A
    Leverage N/A
    Spread N/A
    Commission N/A
    Trading Platforms N/A
    Minimum Deposit N/A
    Customer Support Tel: 4001208936; QQ: 800163863; Email: cs@chuangfu88.com

    What is CF?

    CF Group Limited is a trading company registered in the United Kingdom. It is currently regulated by FSPR, however the license is suspected to be a clone.

    CF

    Pros & Cons

    Pros Cons
    N/A
    • Dead Website
    • Suspicious Regulation
    • Limited Information can be Found
    • Negative Customer Reviews

    Cons:

    • Dead Website: It appears that CF Group Limited's website is inaccessible or dysfunctional, drastically limiting available information about them.

    • Suspicious Regulation: CF has a “suspicious clone” regulatory license, which means this company can be a clone.

    • Limited Information Available: There is a limited amount of information available about the company, making it challenging for potential investors to make informed decisions.

    • Negative Customer Reviews: Negative feedback from customers can be a telling sign of inadequate services or customer dissatisfaction.

    Is CF Safe or Scam?

    • Regulatory Sight: CF Group Limited appears in the Financial Service Providers Register as a potentially suspicious clone. Their status stipulates that they are a “Financial Services Corporate” and are allegedly regulated by the financial authority in New Zealand with the license number 507506. This status, together with their designation as a possible suspicious clone, warrants far more caution in transacting or interacting with this entity.

    suspicious clone FSPR license
    • User Feedback:

    CF Group Limited has an extensive number of complaints and issues raised by users, totaling 34 in number. The primary issue reported by most users is the difficulty in withdrawing their funds from the platform. Users have complained about obstacles such as inconsistent withdrawal processes, account freezes, and even outright denials of withdrawal requests.

    Additionally, some users have faced issues with deposits, describing that they are led to make payments into individual accounts rather than company ones, raising questions about the legitimacy of the transactions.

    Users have also reported instances of the platform unilaterally adjusting user funds to zero and suspending trading accounts without a legitimate reason. Furthermore, several clients claimed the platform's customer service is unsatisfactory, often giving vague responses or not providing necessary support when issues arise.

    In addition to these, some users have reported losses due to irregularities in trades, such as server disconnections during key trading moments and the platform adjusting the margin ratio, causing forced liquidation.

    Several users have accused CF Group Limited of fraudulent activities, claiming scam practices in their dealings. Some of them even reported these issues to local law enforcement and reported their case to the police. For those contemplating investing in CF Group Limited, these reported issues warrant serious consideration.

    User Exposure on WikiFX
    • Security Measures: Sofar we haven't found any information about the security measures for this broker.

    Customer Support

    CF provides a phone number (4001208936), a QQ number (800163863), and an email address (cs@chuangfu88.com) as customer service contact points.

    Conclusion

    CF Group Limited, despite its registration in the United Kingdom, operates with a suspicious clone regulation and possesses a non-operational website. With abundant negative customer reviews and very scant available information about its operations, the potential risks associated with interacting or transacting with CF Group Limited are significantly heightened. Therefore, anyone considering engagement with this entity should show extreme caution.

    Frequently Asked Questions (FAQs)

    Q: Is CF regulated or not?

    A: Yes, CF is regulated, but with a “suspicious clone” regulatory license.

    Q: Is my money safe with CF?

    A: No, it is not. With overwhelming negative reviews, we can see that users are facing issues trading with CF, so we do not recommend you to deposit your money.

    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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

    In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

    User Reviews

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    User comment

    3

    Comments

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    Gentel
    more than one year
    Fellow investors, be wary of CF - a platform that operates deceitfully and poses a significant risk to your finances. CF failed to honor promises of bonuses and red packets after I deposited funds. Withdrawals proved to be a nightmare, marked by delays, unresponsive customer service, and requests for sensitive documents.
    2023-12-15 18:58
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    0
    0
    Damon
    more than one year
    The processing speed is fast and the process is very simple when depositing funds. Why is it so difficult when it comes to withdrawing funds? Not only is the processing speed slow, but the process is also extremely cumbersome. You have to upload various documents to prove your identity, but the final result is that the documents are not approved, and you cannot withdraw funds! Isn't this a liar? ! ****!
    2022-12-15 15:55
    Reply
    0
    0
    FX1146762524
    more than one year
    The website of Chuangfu International took a long time to load and finally did not load... According to the information on the wikifx page, it is a fraudulent company that has run away... I hope these victims can recover their funds as soon as possible!
    2022-12-14 09:58
    Reply
    0
    0
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