CFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-06-30 16:04

Abstract：CFX, a trading name of Cash Forex Group, is allegedly a forex broker based in Panama under the registration of RUC that provides its clients with a web-based trading platform, various tradable assets, a choice of 17 different investment plans, as well as Expert Advisors and copy trading services, and 24/5 customer support service.

　　General Information

　　CFX, a trading name of Cash Forex Group, is allegedly a forex broker based in Panama under the registration of RUC that provides its clients with a web-based trading platform, various tradable assets, a choice of 17 different investment plans, as well as Expert Advisors and copy trading services, and 24/5 customer support service.

　　Market Instruments

　　CFX advertises that it mainly offers three different asset classes in financial markets, including forex, commodities and cryptocurrencies.

　　Investment Plans

　　There are 17 investment plans offered by CFX, consisting of 2 academy plans, 5 elemental plans, 5 advanced plans and 5 supreme plans. Starting elemental plans require the minimum investment amount of $150; the advanced plans require the minimum investment amount of $3,500; and the supreme plans with a much higher minimum initial capital requirement of $21,000.

　　Trading Platform Available

　　When it comes to trading platforms available,CFX gives traders a web-based trading platform. We suggest you use MetaTrader4 or MetaTrader5 as the trading platform. As most traders know, the MT4 and MT5 are known as the most successful, efficient, and competent forex trading software. The MT4 offers an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options. While the MT5 allows traders to execute trades on different financial markets through a single account and there is a hedging option.

　　Deposit & Withdrawal

　　CFX accepts deposits and withdrawals with Bitcoin only. No minimum deposit or withdrawal amount is specified, but each withdrawal will be subject to a withdrawal fee of 20%.

　　Customer Support

　　CFX‘s customer support can be reached by email: support@cashfxgroup.com or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Facebook, Instagram, Twitter, YouTube, LinkedIn and Telegram. Company address: RBS Tower - Ave. Balboa, Ramón H. Jurado St, 9th floor, Punta Paitilla, Panama. However, this broker doesn’t disclose other more direct contact information like telephone numbers while most brokers offer.