https://www.cfmerchants.com/
Website
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Influence index NO.1
No valid regulatory information, please be aware of the risk!
Single Core
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+971 56 942 0323
+44 7862 068336
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CF Merchants Limited
CF Merchants
Saint Vincent and the Grenadines
Pyramid scheme complaint
Expose
Benchmark | -- |
---|---|
Maximum Leverage | 500 |
Minimum Deposit | $50 |
Minimum Spread | from 1.6 |
Products | -- |
Currency | -- |
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Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | $0 |
Benchmark | -- |
---|---|
Maximum Leverage | 1:500 |
Minimum Deposit | $500 |
Minimum Spread | from 1 |
Products | -- |
Currency | -- |
---|---|
Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | $0 |
Benchmark | -- |
---|---|
Maximum Leverage | 1:1000 |
Minimum Deposit | $5000 |
Minimum Spread | from 0 |
Products | -- |
Currency | -- |
---|---|
Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | $7 |
Capital
$(USD)
Basic | Information |
Registered Countries | Saint Vincent and the Grenadines |
Regulation | No License |
Minimum Deposit | $50 |
Maximum Leverage | 1:1000 |
Minimum Spread | From 0.0 pips |
Trading Platform | MT4 trading platform |
Trading Assets | Forex, Commodities, CFDs, Indices, Cryptocurrencies |
Payment Methods | Bank Wire, Skrill, Neteller, Perfect Money, Bitcoin, Ethereum, Ripple, Tether |
Customer Support | Email, Telephone, Online Chat |
General Information
CF Merchants is an offshore broker registered in the Saint Vincent and the Grenadines, providing access to a series of trading instruments, Forex, Commodities, CFDs, Indices, Cryptocurrencies. With the CF Merchants platform, investors are given the flexibility of choosing from three types of trading accounts, ECN, Prime and Pro accounts, with the minimum deposit to open an account starting at $250.
CF Merchants is said to be the trading name of Commodity and Forex Merchants Limited, a company registered in Saint Vincent and the Grenadines, and this company is not regulated by any regulatory authority to operate legally. Thats why WikiFX has given it a very low score of 1.89/10. Please be aware of the risk, for unregulated brokers would appropriate client funds arbitrarily.
Market Instruments
Clients are provided the access to five classes of trading instruments covering Forex, Commodities, CFDs, Indices, and Cryptocurrency.
Account Types
Pro accounts, Prime accounts and ECN accounts are available options for both retail and professional clients. The minimum deposit amount specifies the account type, with the Pro account from $50, the Prime account from $500, the ECN account from $5,000.
Margin Call: 75%, Stop Out: 30%, Scalping & Hedging both allowed.
Minimum Lot Size: 0.01 lot, Maximum Open Order: 200 lots.
Spreads & Commissions
Trading accounts set spreads and commissions. The Pro and Prime accounts offer a zero-commission trading environment, with spreads starting at 1.6 pips and 1.0 pips, respectively. The ECN accounts offers raw spreads, accompanied by an additional commission of $7 per lot.
Leverage
When it comes to leverage, CF Merchants provides its customers with access to 1:1000, which is significantly greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
However, since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Trading Platform
When it comes to trading platform, clients are provided access to the industry leading Metatrader 4 trading platform. CF Merchants trading software allows you not to execute transactions in the forex market, but also to obtain market quotes in terms of basic currency pairs, metals, commodities and also worldwide stock indexes, and company news and overviews.
Payment Methods
The minimum deposit is $50, and clients can make a deposit and withdrawal through Bank Wire, Skrill, Neteller, Perfect Money, Bitcoin, Ethereum, Ripple, Tether.
The minimum withdrawal amout is $50 through Bank Wire, $20 through other withdrawal options. CF Merchants claims that it does not charge any fees for deposits or withdrawals.
Customer Support
Clients who have any inquiry can get in touch with CF Merchant through multiple contact channels, and here are some contact details:
Online Chat
Whatsapp: +44 7862 068336
Email: info@cfmerchants.com, support@cfmerchants.com
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Pros | Cons |
Three types of trading accounts available | No regulation |
MT4 trading platform available | Demo accounts unavailable |
Low minimum deposits for Pro accounts | |
Islamic Accounts available |
Frequently Asked Questions
What trading instruments can I trade with on CF Merchant?
CF Merchant offers access to Forex, Commodities, CFDs, Indices, Cryptocurrencies
What is the minimum deposit required by CF Merchant?
The minimum deposit required by CF Merchant is $50.
What is the maximum leverage available?
The maximum trading leverage that is available on the CF Merchant platform is up to 1:100.
Does CF Merchant offer Islamic trading accounts?
Yes, Islamic trading accounts are available for clients.
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