Is CFreserve a scam or legit broker?

No, it is not safe to trade with CFreserve. CFreserve is owned by Richfield Limited, and claims to be located in Dublin, Ireland.

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

We have also found a lot of negative reviews about CFreserve in the net. Deceived clients accuse the company of misleading ads, cheating and refusing to withdraw the invested funds. 

We advise all investors and traders to avoid CFreserve and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. 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.

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