Score

1.52 /10
Danger

CNFirst

Hong Kong

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.10

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Warning

HK SFC
2019-11-28

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
CNFirst · Company summary

Note: Regrettably, the official website of CNFirst, namely http://www.zyqhbce.com, is currently experiencing functionality issues.

CNFirst Review Summary
Founded 2-5 years
Registered Country/Region Hong Kong
Regulation Unregulated
Market Instruments Futures
Demo Account N/A
Leverage N/A
EUR/ USD Spreads N/A
Trading Platforms N/A
Minimum Deposit N/A
Customer Support Phone and QQ

What is CNFirst?

CNFirst is a futures trading platform that operates without regulation. The lack of regulation raises concerns about the reliability of their trading services. Additionally, the inaccessibility of their official website further adds to these concerns. Reports of customers being unable to withdraw their funds have been documented on our website. To contact CNFirst, customers can visit their office or reach out to their customer service line at 400-1032-767. They can also use the QQ number 33278334 for communication purposes.

CNFirst

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
N/A
  • Not regulated
  • Some reports of withdrawal issues
  • Inaccessible website

Pros:

N/A

Cons:

- Lack of Regulation: CNFirst is not regulated, which raises concerns about the security and reliability of their services. Regulation can help ensure transparency, customer protection, and the existence of proper trading practices.

- Inaccessible Website: The unavailability of the CNFirst website may raise concerns about the reliability and professionalism of the company. It can also make it challenging to access important information or support.

- Withdrawal Issues: There are reports of withdrawal issues with CNFirst, indicating potential difficulties in accessing funds or delays in the withdrawal process.

Is CNFirst Safe or Scam?

CNFirst is not regulated, and the unavailability of their official website raises doubts regarding the trustworthiness of their trading platform. These circumstances increase the level of risk associated with investing in CNFirst. If you are contemplating investing with CNFirst, it is advisable to conduct meticulous research and make a careful assessment of the potential risks and benefits before making a decision. In general, it is recommended to choose brokers that are appropriately regulated to ensure the security of your investments.

No license

Trading Products

CNFirst provides futures trading services where investors can buy or sell contracts that require them to either buy or sell an underlying asset, such as commodities, currencies, or indices, at a predetermined price and date in the future. Futures trading involves taking a position on the price movement of the underlying asset and can be used for hedging or speculating purposes. However, it is important to understand the risks involved in futures trading, including the potential for loss, and to carefully consider whether it is a suitable investment strategy for your individual financial situation and objectives.

User Exposure on WikiFX

There have been reports on our website of users experiencing difficulties with withdrawing funds. We advise traders to exercise caution and thoroughly review all available information before trading on an unregulated platform. It is recommended to check our platform for relevant information before initiating any trades. If you encounter fraudulent brokers or have been a victim of such brokers, please report it to us in the “Exposure” section. Our team of experts will take appropriate action to help resolve any issues.

User Exposure on WikiFX

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: 400-1032-767

QQ: 33278334

Address: 243rd Floor, De Hoeu Building, 247-3 Des Voeux Road Central, Sheung Wan, Hong Kong

Conclusion

In conclusion, CNFirst is a futures trading platform that operates without regulation. Additionally, the inaccessibility of their official website further adds to these concerns. Reports of customers being unable to withdraw funds have also been documented, indicating potential risks associated with investing in CNFirst. It is important for investors to carefully consider these factors and exercise caution when dealing with an unregulated platform like CNFirst.

Frequently Asked Questions (FAQs)

Q 1: Is CNFirst regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at CNFirst?
A 2: You can contact via Telephone: 400-1032-767 and QQ: 33278334.
Q 3: Is CNFirst a good broker for beginners?
A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

Risk Warning

Trading online carries a significant risk, and there is a possibility of losing your entire investment. It may not be suitable for all traders or investors. It is essential to thoroughly understand the risks involved. Please note that the information provided in this review is subject to change as the company's services and policies are frequently updated. Additionally, the date of this review is important to consider, as information may have changed since then. Therefore, it is recommended to verify updated information directly with the company before making any decisions or taking any actions. The reader bears the responsibility for using the information provided in this review.

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