CFx-Sky: customer reviews and broker activity check.
CFx-Sky: Brokerage Services Review
CFx-Sky is a company that offers brokerage services worldwide, providing access to online financial markets at any convenient time. Even novice traders are promised favorable conditions and various privileges. Let’s take a closer look at why it is important to examine CFx-Sky more carefully and what users are saying about it in reviews.
Information about CFx-Sky Company
The CFx-Sky website does not stand out with original design and follows a standard template: lots of advertising and little information. Visitors are constantly encouraged to register, open an account, or start trading. The main emphasis is on years of experience since the beginning of 2018 and the company’s presence in 140 countries.
However, during all this time CFx-Sky has not been able to receive any reviews online or from experts. Despite being a partner of global financial giants and being awarded for professionalism, there are no documentary confirmations of this. The “Contact” section contains an address and phone number, but their authenticity raises doubts. For example, according to Google Maps, the CFx-Sky address is somewhere in a tunnel, which raises questions. The phone has a USA code, which is inconvenient for communication with Russian traders. The “User Agreement” contains completely different information. Upon examining the “Accreditation and Licenses” section, it was found that CFx-Sky is registered in St. Vincent and the Grenadines, which creates confusion and suspicion.
Regulators and Partners of CFx-Sky
The company claims to interact with well-known financial regulators and liquidity providers, but there is no evidence to support this. The licenses mentioned by CFx-Sky were not found in the registries of Belize and Mauritius. Compliance with MiFID norms is also claimed, but CFx-Sky’s registration in St. Vincent and the Grenadines makes this claim doubtful.
The lack of records of a license from the Central Bank of the Russian Federation confirms that CFx-Sky is a fraudulent company without the right to provide brokerage services.
CFx-Sky Trading Offer Features
To start trading, one needs to open an account by choosing one of three accounts. Even to familiarize oneself with trading, a deposit of $1000 is required. The leverage starts at 1:100 and reaches 1:500, which is much higher than the limitations of well-known regulators. This increases risks and poses a danger to clients, especially novices.
Traders are also offered bonuses, but the conditions and size of the bonuses remain unspecified. This raises concerns about possible hidden conditions and traps awaiting users.
Reviews of CFx-Sky
Despite the claimed successful work experience, there is no evidence of this online. Neither user reviews nor other mentions of the company’s activity can be found. Perhaps the advertising campaign failed or has not yet begun. Real reviews will be posted as soon as they are found.
Risks of Dealing with CFx-Sky
One of the common ways fraudulent brokers deceive clients is by manipulating quotes. All trades, even profitable ones, are sometimes closed with losses. Managers will claim that the market is temporarily unstable, and the next deposit will bring significant profits. Scammers can prolong this scheme indefinitely, creating an illusion of success, but the real goal is simply not to let the client leave.
CFx-Sky: A Fraudulent Company
After a thorough analysis of all the facts and documents, it can be stated that CFx-Sky is just a group of scammers. The lack of licenses, registration in offshore jurisdictions, and absence of reviews confirm this. It is recommended to avoid CFx-Sky to prevent the loss of all investments.
I am extremely dissatisfied with the broker’s work as their performance has been subpar and their service far from the professionalism I expected based on CFx-Sky’s customer reviews.