Is CFreserve Scam or Legit Broker?

No, CFreserve is not safe to trade with because of its unregulated nature. CFreserve is owned by Richfield Limited and claims to be located in Dublin, Ireland. CFreserve doesn’t provide any information about its regulation and doesn’t seem to be authorized in Ireland by its local Central Bank of Ireland or any other EU authority. 

About CFreserve
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is CFreserve safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is CFreserve?

According to the website, the broker gives an opportunity to trade over 72 asset classes from across the globe with instant, high-speed access to Forex, Metals, Commodities Gold, Silver, and CFDs through the unique trading platform. It also claims to be secure and reliable. However, in order to secure clients’ funds, the company needs to be regulated.

  • CFreserve does not provide any information on its website, which means that the broker does not hold a license from a top-tier authority. Trading with an unregulated broker might put your investments at risk, this it is much better to sign with a licensed and trustworthy broker with favorable trading conditions.
  • We have also found a lot of negative reviews about CFreserve on the net. Deceived clients accuse the company of misleading ads, cheating, and refusing to withdraw the invested funds. 
  • An important fact is that the broker was inactive for a while and stopped its services. FIn Forex this is a common phenomenon when brokers cease their offerings for a while and disappear and then appear again after a while. More often this is a usual tactic of scams. 

CFreserve review

Overall CFreserve Ranking 

We found multiple regulation and safety issues with CFreserve, thus we do not rank positively CFreserve, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • CFreserve Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingCFreserveXMHFM
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading InstrumentsTrading Conditions

CFreserve Alternative Brokers

We revealed that CFreserve has a lot of issues, especially in respect of its safety and customer care. Thus, here are much better Alternatives to CFreserve with tight regulations and great trading conditions. We select Good Brokers and reliable options for your comparison below: 

  • AvaTrade – Good Instruments and CopyTrading
  • Pepperstone – Low Spreads and Competitive Trading Conditions
  • XM – Wide Range of Trading Opportunities

Deposits and Withdrawals

When opening an account with CFreserve the payment will be debited from the trader’s credit card immediately.

  • If traders decide against trading with the company it is possible to apply for a refund of the remaining balance.
  • The approval for opening an account with the broker might take up to four business days. 
  • Before requesting a withdrawal, traders should make sure that all requirements are met, such as account verification, the minimum trading of the bonus volume, sufficient usable margin, correct withdrawal method, etc.

CFreserve Review Conclusion

We advise all investors and traders to avoid CFreserve and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Another important red flag is that the broker ceased int services for a while, and now it is back again. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as HYCM and Alpari

  • Overall ranking and experience for CFreserve is Negative

No news available.

2 responses to “CFreserve”

  1. They will not refund my money either, I’m calling Interpol.
    I think it’s just one or two people operating under false names.. Indians I believe using western names.. Dan Parker, Dan Bios

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