Are you a FX trader? Do you want to trade on CryptoFXPro FX? Here is what you must know about this broker cfprogroup.com. See reviews to find all about it.

This post promises to share helpful review to support users/traders in making the right decision.

CryptoFXPro FX

CryptoFXPro FX is an offshore brokerage company with a lot of promises for traders. The broker has claimed to be governed by the Laws of United Kingdom. We will know if this is true or false.

What is more, the broker offers different instruments like forex, stocks, commodities, crypto, bonds and indices. More so, there are different account packages offered by the broker such as STANDARD, SILVER, GOLD, VIP AND PRO.

To clarify, traders must know they are dealing with an unknown broker which does not have a regulation over its head.

Withdrawal and Deposit

Withdrawal process:

Under withdrawal policy- If the account has received a bonus, the withdrawal of this bonus and profits from trading is allowed only after meeting high requirements for minimum traded volume – 30 times the amount of the bonus plus the deposit.

CryptoFXPro Minimum Deposit:

CryptoFXPro fx minimum deposit is indicated $10,000 based on the account type. One of the indicators of a genuine FX broker is that minimum deposit is made known to traders to start trading with a minimum deposit of $100 or less.

As for the payment methods, the broker mentions wire transfer and credit cards, but on the website we see logos of various cryptocurrencies. Truly, you should not consider making any payment with this broker because it is a risk. So beware!

CryptoFXPro Platform:

CryptoFXPro FX offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious. Many scammers have trading software to fool their victims that their money is being invested.

As for the leverage, it varies between 1:200 and 1:400. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website

What We Discovered About cfprogroup.com Broker

First of, cfprogroup.com has no financial authority overseeing its financial services. As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit. On a quick search on FCA, UK database, we did not find this broker among licensed and registered entities.

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are drawbacks for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

CryptoFXPro Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

Bottom Line:

CryptoFXPro fx located at cfprogroup.com claims to be a trustworthy trading broker, however, that cannot be ascertained. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.

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