CFX Fund (cfxfund1.com) has been flagged by ASIC (Australia) for "Unlicensed". Related alerts: https://moneysmart.gov.au/check-and-report-scams/investor-alert-list#!impersonation-of-perpetual-investment-management-limited-cfxfund-com--1844
Phones: +442038076239
Addresses: 123-124 New Bond Street London W1S 1EJ United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: cfxfund1.com.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. CFX Fund (cfxfund1.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Easy to use platform|Dedicated account manager|Detailed reporting
Cons: Would like more payment methods
After spending since the beginning of the year trying to make CFX Fund (cfxfund1.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: High security standards|No hidden fees|Educational resources
Cons: Live chat only during business hours
After for roughly four months with CFX Fund (cfxfund1.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: Real-time alerts|Detailed reporting
Cons: No crypto staking|Website design could be more modern
I requested my data from CFX Fund (cfxfund1.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Wide product range|Transparent fees|Instant funding|Social trading features
Cons: Withdrawal takes 1-2 business days|Help articles are sometimes vague
CFX Fund (cfxfund1.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Two-factor authentication|API access
Cons: No dark mode on mobile|Account statements could be more detailed
I experienced a security concern with my CFX Fund (cfxfund1.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Copy trading available|Intuitive for beginners|No hidden fees
Cons: Onboarding videos are outdated|Research section could be deeper