CFx Automatic (cfxautomatic.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: cfxautomatic.com.
I wanted to transfer my portfolio from another broker to CFx Automatic (cfxautomatic.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Dedicated account manager|Smooth onboarding|Two-factor authentication|Wide product range
Cons: Search feature is basic|Wait times can be long during peak hours
I trusted CFx Automatic (cfxautomatic.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Fast support response|Wide product range
Cons: Some tools only available on higher tiers|Website design could be more modern
KYC with CFx Automatic (cfxautomatic.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Market news feed|Dividend tracking|Low minimum deposit|Helpful community forum
Cons: No dark mode on mobile
After using CFx Automatic (cfxautomatic.com) for over three years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Competitive fees|Intuitive for beginners|Economic calendar
Cons: Mobile app could be improved
If you are reading this considering CFx Automatic (cfxautomatic.com) - run. I wish I had read more negative reviews after a trusted YouTuber reviewed them. I thought the positive ones were real. Maybe some are. My experience over since early this year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Personal attention|Tax reports included
Cons: Website design could be more modern|Onboarding videos are outdated
Where do I even begin with CFx Automatic (cfxautomatic.com)? for the past year and a half of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Great customer service|API access|No hidden fees
Cons: Limited ETF selection
The hidden fees at CFx Automatic (cfxautomatic.com) 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: Fast support response|Social trading features|Clean UI|Good mobile app
Cons: No phone support on weekends
The reporting at CFx Automatic (cfxautomatic.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Regular updates|Good mobile app|Market news feed|Good analytical tools
Cons: Slow to add new assets
The only good thing about CFx Automatic (cfxautomatic.com) is that they remind you why regulation matters. I found them through a financial advisor. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Copy trading available|Personal attention|Quick verification
Cons: Research section could be deeper|Minimum deposit could be lower
After since the beginning of the year with CFx Automatic (cfxautomatic.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: High security standards|Regular platform improvements
Cons: Research section could be deeper