CF Merchants is one of the brokers that we put it on our Brokers to Avoid list as it is an offshore forex broker registered in St. Vincent and the Grenadines. St. Vincent and the Grenadines’ Financial Services Authority does not regulate forex trading.

Unfortunately, the chances of getting your funds back are very low, that’s why we suggest to stay away from brokers like CF Merchants. You can read our review on CF Merchants here.