Central Finance Regulatory Commission has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 781 836 4646
Addresses: 2nd Floor 1001 Hingham Street ROCKLAND MA 02370-3318 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.cfrcomm.org.
Do not be fooled by the professional-looking website. Behind the scenes, Central Finance Regulatory Commission is disorganized and incompetent. I found them after seeing their ad online and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Fast support response|API access|Social trading features|Economic calendar
Cons: No fractional shares
I have been trying to close my account with Central Finance Regulatory Commission for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Personal attention|Good mobile app|Portfolio tracking tools
Cons: Onboarding videos are outdated|Limited social trading features
The hidden fees at Central Finance Regulatory Commission are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Clean UI|Economic calendar|Great customer service
Cons: Currency conversion fee exists|No fractional shares
The mobile app from Central Finance Regulatory Commission is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Risk management tools|Personal attention
Cons: Onboarding videos are outdated
Central Finance Regulatory Commission changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Portfolio tracking tools|Social trading features
Cons: Withdrawal takes 1-2 business days|Limited demo account features
I found Central Finance Regulatory Commission after attending a webinar they hosted and the initial impression was positive. But since the beginning of the year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Stable platform|Customizable dashboard|High security standards
Cons: Account statements could be more detailed|Wait times can be long during peak hours