Score

7.43 /10
Good

CFForex

Indonesia

5-10 years

Regulated in Indonesia

Retail Forex License

White label MT4

Regional Brokers

C

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index6.88

Business Index7.38

Risk Management Index9.68

Software Index7.82

License Index6.90

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

PT. Cyber Futures

Company Abbreviation

CFForex

Platform registered country and region

Indonesia

Company website

WhatsApp

  • (62) 817172022

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Verification

CFForex · Company summary
CFForex Summary
Founded2003
Registered Country/RegionIndonesia
RegulationBAPPEBTI
Market InstrumentsForex, gold, index, futures
Account Type/
Demo Account
Leverage/
Spread/
Deposit & Withdrawal/
Trading PlatformMT4 platform
Minimum Deposit/
Customer SupportPhone: (62) 21 522 1979Phone: +62 817-172-022
Email: support@cfforex.com

CFForex Information

CFForex was established in 2003 and is registered in Indonesia, under the strict regulation of the local authoritative regulatory authority, BAPPEBTI. This platform offers market trading instruments, including forex, gold, indices, and futures.

CFForex Information

Pros and Cons

Pros Cons
MT4 platform availableCryptos trading not avaliable
Regulated by BAPPEBTIDeposit and Withdrawal not mentioned

Is CFForex Legit?

CFForex is regulated by the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI), which is affiliated with the Ministry of Trade of Indonesia. It holds a Retail Forex License (license number: 439/BAPPEBTI/SI/VIII/ ). BAPPEBTI is responsible for overseeing the futures, forex, and commodity trading markets in Indonesia.

Is CFForex Legit

What Can I Trade on CFForex?

CFForex offers a wide variety of trading products across multiple fields such as precious metals, foreign exchange, and stock indices. In the precious metals category, there is gold traded in the form of XAU - USD. For foreign exchange, it includes regular forex trading as well as forex cross - rate trading. As for stock indices, the Hang Seng Index is available for trading. Additionally, there is the OLEIN product, and the Emas Fisik series which consists of different types of products, namely GOL, GOL100, and GOL250.

What Can I Trade on CFForex?
Tradable InstrumentsSupported
Precious Metals
Foreign Exchange
Stock Indices
Stocks
ETFs
Bonds

Account Types

This part of the information is not presented on the official website of CFForex.

CFForex Fees

This part of the information is not presented on the official website of CFForex.

CFForex Platform

Trading PlatformSupported Available Devices Suitable for
MT4Web, MobileProficient
MT5
CFForex Platform

Deposit and Withdrawal

This part of the information is not presented on the official website of CFForex.

User Reviews

More

User comment

3

Comments

Write a review

七糖Eva
more than one year
What annoys me the most is that after 3 years of use, I will have to learn a new platform, as their continuous fiddling around during weekly maintenance never showed any tangible improvement. As many already pointed out, the platform gets slow or unresponsive as soon the market gets hot or my gains rise, can't trade in those conditions, I did fowarded complaints and sudgestions without results. I am sure that they can see my trades and monitor all I do and the amount in my account and trade against their customers. But all deposit and withdrowals where fast.
What annoys me the most is that after 3 years of use, I will have to learn a new platform, as their continuous fiddling around during weekly maintenance never showed any tangible improvement. As many already pointed out, the platform gets slow or unresponsive as soon the market gets hot or my gains rise, can't trade in those conditions, I did fowarded complaints and sudgestions without results. I am sure that they can see my trades and monitor all I do and the amount in my account and trade against their customers. But all deposit and withdrowals where fast.
Translate to English
2024-03-29 16:38
Reply
0
0
Wida
more than one year
Jangan sekalipun tertipu dengan ijin Bappebti dari Cyber Future, karena trading forex yang dilakukan tidak dilempar ke bursa / market. Broker dapat membuat fraud transaksi dengan lot besar dan harga sewenang-wenang, tanpa sepengetahuan trader, sehingga equity dapat hilang dalam sekejab. Berikut kronologi yang saya alami 1 minggu trading dan “dibuat” Margin Call dengan cara curang. 1. Kamis 26/10/23 Jam 18.56 WIB atau 13.56 UTC, account saya dinyatakan margin call dan transaksi ditutup sepihak oleh Broker. Padahal dengan total equity $2,205 seharusnya masih sangat aman untuk menahan floating 3 OP BUY NASDAQ100. 2. Penyebab Margin Call adalah fraud transaksi XAUUSD yang dilakukan secara brutal dengan lot besar, OP dan close posisi dilakukan dlm hitungan detik, & semua transaksi di Cyber Future tidak muncul real time di Jurnal MT4 saya. 3. Setelah saya cross check Tradingview.com XAUUSD chart 1M (1 Menit) tanggal 26/10/23 Jam 13.53 (UTC) High= 1980 sedangkan Broker membuat OP BUY di 1986, hal ini mengakibatkan harga OP selisih $6 & harga closing dibuat Jam 13.54 di 1984.53 sedangkan High Price pada tradingview di jam 13.54 adalah 1980,20 & High di jam 13.55 adalah 1980,22 hal ini mengakibatkan selisih harga closing lebih dari $4. Dengan demikian semua transaksi di broker Cyber Future terbukti FAKE, tidak tally / terhubung dengan MT4 World Wide. 4. Sampai ulasan ini dibuat belum ada respod dari CF Forex untuk menyelesaikan kasus ini.
Jangan sekalipun tertipu dengan ijin Bappebti dari Cyber Future, karena trading forex yang dilakukan tidak dilempar ke bursa / market. Broker dapat membuat fraud transaksi dengan lot besar dan harga sewenang-wenang, tanpa sepengetahuan trader, sehingga equity dapat hilang dalam sekejab. Berikut kronologi yang saya alami 1 minggu trading dan “dibuat” Margin Call dengan cara curang. 1. Kamis 26/10/23 Jam 18.56 WIB atau 13.56 UTC, account saya dinyatakan margin call dan transaksi ditutup sepihak oleh Broker. Padahal dengan total equity $2,205 seharusnya masih sangat aman untuk menahan floating 3 OP BUY NASDAQ100. 2. Penyebab Margin Call adalah fraud transaksi XAUUSD yang dilakukan secara brutal dengan lot besar, OP dan close posisi dilakukan dlm hitungan detik, & semua transaksi di Cyber Future tidak muncul real time di Jurnal MT4 saya. 3. Setelah saya cross check Tradingview.com XAUUSD chart 1M (1 Menit) tanggal 26/10/23 Jam 13.53 (UTC) High= 1980 sedangkan Broker membuat OP BUY di 1986, hal ini mengakibatkan harga OP selisih $6 & harga closing dibuat Jam 13.54 di 1984.53 sedangkan High Price pada tradingview di jam 13.54 adalah 1980,20 & High di jam 13.55 adalah 1980,22 hal ini mengakibatkan selisih harga closing lebih dari $4. Dengan demikian semua transaksi di broker Cyber Future terbukti FAKE, tidak tally / terhubung dengan MT4 World Wide. 4. Sampai ulasan ini dibuat belum ada respod dari CF Forex untuk menyelesaikan kasus ini.
Translate to English
2023-10-31 17:18
Reply
0
0