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CF Merchants

Operating status: SCAM

Website: https://cfmerchants.com/

Broker violations and abnormal records
  • Aug 31, 2021 BrokersView has reviewed that CF Merchants is an unregulated forex broker
    CF Merchants claims to be registered and regulated in many Jurisdictions, including Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) and the UK’s Companies House (CH). However, both SVG FSA and CH don’t issue any licenses for forex trading or brokerage nor do they regulate, monitor, supervise or license international companies engaging in such activities. Besides, the UK's regulator that approves licenses for the brokers is called Financial Conduct Authority (FCA). The truth is, BrokersView didn't find any information about its regulation from FCA. So currently CF Merchants is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    CF Merchants claims to be registered and regulated in many Jurisdictions, including Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) and the UK’s Companies House (CH). However, both SVG FSA and CH don’t issue any licenses for forex trading or brokerage nor do they regulate, monitor, supervise or license international companies engaging in such activities. Besides, the UK's regulator that approves licenses for the brokers is called Financial Conduct Authority (FCA). The truth is, BrokersView didn't find any information about its regulation from FCA. So currently CF Merchants is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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