Basic Information
Registered Region 
New Zealand
New ZealandOperating Period
5-10 years
Company Name
CHL GROUP LIMITED
Customer Service Email Address
service@chlfx.com
Company Website
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Global Broker Regulation Inquiry App
WikiFX
Unverified
Score
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/10
CHLFX
New Zealand
|
5-10 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
Suspicious Overrun
|
High potential risk
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Website
Rating Index
Contact
service@chlfx.com
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LicensesLicensed Entity：CLAYTON FARM MACHINERY LTD
License No. 719546
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
3
Website
Genealogy
Related Companies
Employees
Company Summary
Comment
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Official website
Website
chlfx.com
103.56.139.250Server LocationICP registration--Most visited countries/areas--Domain Effective Date0001-01-01WebsiteWHOIS.GODADDY.COMCompanyGODADDY.COM, LLC
Genealogy
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Related Companies
CHL GROUP LIMITED(New Zealand)
Deregistered
New Zealand
Registration No. 6154469
Established
Related sources Website Announcement
Employees
Company Summary
https://www.wikifx.com/en/dealer/6421726361.htmlNote: CHLFX's official website: https://CHLFX.live/ is currently inaccessible normally.
CHLFX Information
CHLFX was registered by Coindesk Trading Capital Advisors Corporation, in New Zealand. CHLFX's regulation is suspicious, we can trade through MT4 and contact by email at service@chlfx.com.
Is CHLFX. Legit？
 | Financial Conduct Authority(FCA) |
| Current Status | Suspicious Clone |
| Regulated by | United Kingdom |
| License Type | Investment Advisory License |
| License No. | 719546 |
| Licensed Institution | Clayton Farm Machinery Limited |
CLF claims to be regulated by the Financial Conduct Authority(FCA) in the United Kingdom. However, according to the FCA, its current status is “Suspicious Clone.”
When dealing with CLF, caution is advised to ensure financial security and regulatory compliance.
Downsides of CHLFX
- Lack of Transparency
CHLFX needs more transparency, which would help evaluate their operating conditions and risk levels.
- Limited information
CHLFX's information is entirely restricted, which results in customers being unaware of potential costs, leading to financial loss.
- Leakage Risks
Inadequate information security measures at the broker make the client's personal and financial information vulnerable to leakage or attack.
Negative CHLFX Reviews on WikiFX
On WikiFX, “exposure” is information users pass on by word of mouth.
Clients must review the information and assess the risk before trading, especially for unregulated platforms. You can consult our platform for details. The client can find trader-related comments in our “Exposure” section, where our team will try our best to resolve any issues.
There was only one piece of CHLFX exposure in total.
Exposure 1. fraud
| Classification | Someone abuses the user when he refuses the invest |
| Date | 2018-06-11 |
| Post Country | Hong Kong |
The user said that he was added by someone to invest. When he refused, he was abused. You may visit: https://www.wikifx.com/en/comments/detail/208064674411878.html .
Conclusion
Trading on Coindesk carries numerous risks and issues. Firstly, it is not regulated, posing legal risks for investors. Furthermore, the platform does not provide any contacts, which cannot guarantee the quality of service. Lastly, the lack of transparency can lead to investors losing their money.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
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