Beware CF Group is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: CF GLOBAL UK LIMITED/CF GROUP LIMITED
- Registration/license: None
- Registration/license requirement: –
CF Group is a Forex and CFD broker that according to the website is headquartered in London. It owns two subsidiaries: CF GLOBAL UK LIMITED in the UK and CF GROUP LIMITED in New Zealand. Also, the firm claims that CF GLOBAL UK LIMITED is regulated by UK’s Financial Conduct Authority and CF GROUP LIMITED is regulated by New Zealand’s Financial Markets Authority. The truth is CF GLOBAL UK LIMITED used to be regulated by the FCA, but the regulator’s regiter informs that
“CF GLOBAL UK LIMITED is an appointed representative (AR) that is no longer an agent of an authorised firm. Do not start to do ‘REGULATED’ business with an AR that is no longer registered.”
As to the CF GROUP LIMITED, it is actually regulated by the FMA in New Zealand, although the regulated entity has nothing to do with CF Group broker. Seems like CF Group is using the regulatory information of the authorized companies to get clients’ trust. Moreover, Financial Markets Authority has issued a warning against CF Group:
“We recommend exercising caution before dealing with CF Group, and the app it has published on the Google Play Store. This app claims to be associated with a New Zealand registered financial service provider. This app is not associated with the New Zealand registered financial service provider CF Group Limited.”
We strongly advise traders to avoid such unregulated brokers, especially when there are warnings against them. It is always safer to deal with companies licensed by reputable financial watchdogs such as UK’s FCA or Australia’s ASIC. Here you may check our list of brokers licensed by the FCA.
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