CFBroker Review: Mastering the Art of Strategic Trading
If you have been involved with CFBroker, most likely, your experience hasn’t been good. Since the broker’s website is inactive, all of the clients who had their funds invested could not get withdrawals. For all the details about who CFBroker is and how to get your money back, read our CFBroker review.
|Broker status:||Offshore Broker|
|Regulated by:||No regulation|
|Scammers Websites:||www.cfbroker.io (inactive)|
|Blacklisted as a Scam by:||CSSF, FMA|
|Owned by:||Seabreeze Partners Ltd|
|Headquarters Country:||Commonwealth of Dominica|
|Supported Platforms:||MT4, web trader|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
CFBroker Regulations and Security
CFBroker is a brand of Seabreeze Partners Ltd from the Commonwealth of Dominica. This company is notorious among traders and regulatory bodies since it’s directly related to several scam brands, such as ProfitAssist, Tetra Invest, and Bid Broker Stocks.
The company is allegedly based in Belize but is running brands all over offshore countries. However, there’s no mention of CFBroker regulation since the broker doesn’t have one. Beware of the CFBroker scam.
CFBroker Warnings From Financial Regulators
CFBroker was directly warned and blacklisted by the Austrian FMA.
In addition, a regulatory body of Luxembourg, CSSF, issued the same warning, stating that CFBroker is a scam.
As mentioned, Seabreeze Partners Ltd itself was blacklisted several times, including warnings from Italian CONSOB, German BaFin, and independent regulator FINACOM.
Fund Withdrawal Issues
Ever since the broker’s website was shut down, clients have been reporting withdrawal issues. Before it happened, it was nearly impossible to get your money back, but clients could log in and see their funds. Yet, once the website was off, nobody could access their funds. Since there is no regulatory body, clients have no place to complain. Seabreeze Partners Ltd is not officially listed as a company, meaning there’s no official headquarters or official governing law of any jurisdiction.
If you have a similar experience with this company, let us know immediately.
Besides withdrawals, there have been many CFBroker reviews regarding the trading platform. There was a claim that it offers an MT4 and a web trader on the broker’s website. However, the MT4 was never available and there was no link for download, while the web trader had massive lags. In fact, there was no proper trading platform, which led to money loss. Also, the broker added some unfair fees and commissions, such as a 10% fee in case of a dormant account.
If you can’t get your money back from the CFBroker brokerage, let us know.
How Does Online Trading Scam Work?
Online trading scams usually start from an ad about trading and making lots of money. Of course, it’s possible, but not as these ads are showing. If you start from the minimum of $250, as this broker requires, making millions is not an option. However, the company’s brokers will convince you to add more money, use some alleged trading opportunities and double your profit.
The issue starts when you ask for a payout. Getting your money back is not possible and getting your initial deposit is a firm no. If you have been scammed by CFBroker or a similar bogus operation, let us know.
Scammed by CFBroker?
If you were involved with CFBroker, you can no longer access your account. Contact our support for assistance with the chargeback procedure.
But what is a chargeback?
It’s a way for a bank to reverse your funds if you prove you have been scammed. For that, the best is to get professional help. Our support team is waiting on the online chat. We would like to hear from you and help you get your money back. React before it’s too late.
What is CFBroker?
CFBroker is an online trading company without regulation, based in the Commonwealth of Dominica.
Is CFBroker a scam?
The company has been blacklisted by FMA and CSSF for conducting scams.
Is CFBroker regulated?
CFBroker is not regulated and has no authority to provide financial services.