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Is CF Merchants reliable?
Dresdner Vincent
Gabon
2023-02-27
ANSWER CF Merchants is not a licensed or regulated broker even though it states offers that look good to be true.CF Merchants claims to be the trading name of Commodity and Forex Merchants, which is regulated by various Jurisdictions including Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) and the UK's Companies House (CH). However, our search for this broker in SVG FSA's registry did not yield any results. Additionally, it should be noted that the SVG FSA is not a regulatory body for the forex market.CF Merchants also claims to be authorized by CH under license number 1092420. However, CH is the United Kingdom's registrar of companies which has no legal authority to regulate forex activities.Therefore, CF Merchants is not under valid regulation by any regulators to provide investment services. We recommend you to stay away from CF Merchants and any other unregulated brokerages, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
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Could you tell me more about the 50% bonus offerings at CF Merchants?
Callson
Dominican Republic
2022-05-23
ANSWER CF Merchants is not a licensed or regulated broker even though it states offers that look good to be true. CF Merchants claims it is a trading name of CF Merchants Limited, which is regulated with Saint Vincent and the Grenadines under license number: 24535/2018. However, we did not find any match results to CF Merchants in the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities.Besides, CF Merchants claims to be authorized by the Companies House of United Kingdom (CH) under license number: 1092420. However, CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities.All in all, CF Merchants is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like CF Merchants and trade with licensed brokers.
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It's so difficult to keep in touch with CF Merchants customer service. Are they even legit broker?
trrrader
Philippines
2021-11-18
ANSWER CF Merchants is NOT a legitimate broker and should be avoided at all events. 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 regulator approving licenses for forex brokers registered in the UK is called Financial Conduct Authority (FCA). The truth is, we didn't find any information about its regulation from FCA. Therefore, CF Merchants is thoroughly a scam as it's actually not regulated by any financial authority.We recommend you to stay away from CF Merchants and any other unregulated brokerages, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
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