There have been lots of questions related to CFreserve brokerage. If you wondered whether you should start an account or have already been involved and can’t get your money back, read this CFreserve review. We’ve covered it all.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||FSMA, FCA, FI|
|Headquarters Country:||Ireland (Allegedly)|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
CFreserve Regulations and Security
CFreserve didn’t give us much information related to the company owner or headquarters. All we have is a support number from Ireland indicating this is where the company is based. However, Ireland has a very firm regulatory body, the Central Bank of Ireland, with no records of CFreserve. Therefore, we can conclude that this particular broker is not regulated and most likely not even based there.
According to the FCA warning, the company is associated with a Bulgarian boiler room – Imperial App Limited.
CFreserve Warnings From Financial Regulators
Since we’ve determined that CFreserve is nothing but a fraudulent brokerage, it’s no surprise that several regulatory bodies noticed it as well. Among those are the UK FCA, Belgian FSMA, and Estonian FI. All of these stated the same – CFreserve has been conducting fraud, and everyone scammed by them should file a complaint immediately.
Beware of the CFreserve scam and contact us if you notice anything unusual.
Fund Withdrawal Issues
It’s not new that unregulated fraud brokers don’t allow their clients to take funds back. Since CFreserve is one of those, we’ve received numerous complaints from clients saying that they cannot take their funds from this broker, and after they submit a withdrawal request, their account has been suspended.
If you notice that you could not log in to your account for more than a couple of hours and nobody from the company responded to your questions, let us know. It’s a virtually sure sign of fraud and you need to file a dispute for a chargeback immediately.
Traders About CFreserve Scam
After everything being said, there’s not much to add. Traders are highly disappointed by CFreserve, and the only thing they wish is to find a way to get their money back. Besides withdrawals, many complain about the trading platform and the fact that the broker insists on making a deposit via Bitcoin.
How To Know If You Have Been Scammed Online?
As previously mentioned, withdrawal issues and account suspension are almost certain scam signs. Besides, you might notice that your broker is pushing you to invest more money than you can afford, signing you up for suspicious bank loans, accessing your online banking via AnyDesk or a similar app, and more.
All these are signs of fraud since your bank account is private, and you shouldn’t take any kind of loan to invest. The first rule is to invest as much as you can afford and not go above that amount. So, whatever the alleged broker from an unregulated company such as CFreserve tells you, follow your own thoughts.
If you notice any irregularities, let us know immediately.
Scammed by CFreserve?
If you were scammed by CFreserve or a similar bogus broker, let us know. Our customer support team will book your free consultation with a chargeback specialist. You will have a chance to tell us your story and get a tailor-made money-back solution.
But What Is A Chargeback?
A chargeback is a tool you can use if you have been scammed online. Your bank can reverse the transaction if you provide sufficient evidence. Therefore, contacting specialists and preparing for the dispute is already half the job done.
Contact us now, and let’s get your money back.
What is CFreserve?
As per our research, CFreserve is an online trading platform without proper financial regulation.
Is CFreserve a scam broker?
Yes, company has been blacklisted in the UK, Belgium, and Estonia for providing financial services illegally.
Is CFreserve regulated?
No, CFreserve is an unregulated online trading brokerage, providing services illegally.