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|Cambridge FX Review Summary
||ASIC (suspicious clone)
||AP automation, cross-border transactions, commercial expense cards, bill payment
||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.
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.
|• 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.
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.
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.
Overall, Cambridge FX's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
|• 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.
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.
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)
||Is Cambridge FX regulated？
||No. Their Australia Securities & Investment Commission (ASIC, License No. 351278) is a suspicious clone.
||Is Cambridge FX a good broker for beginners？
||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.