CFX Fund Review – Swindlers Scramble to Hide From Regulators

Online con schemes will have you believing you’re making truckloads of cash in order to solicit further investments. Before long, however, the truth about their conduct will reach the authorities, and the fraudsters will shut the platforms down.

Our CFX Fund Review will discuss common fraudulent strategies, and the methods by which you can recover money from an investment scheme.

Broker status:	Unregulated Broker
Regulated by:	No license
Operating Status:	Active online trading sham
Known Websites:	cfx-fund.com (inactive)  cfxfund.com (inactive)
Blacklisted as a Scam by:	AFM, FSC, CSA, IOSCO, FMA, ASIC, FSMA, CNMV
Owner:	CFX Fund Management Ltd
Headquarters Country:	United Kingdom (alleged)
Foundation Year:	2023
Online Trading Platforms:	Web trader
Mobile Trading:	No
Minimum Deposit:	$10.000
Deposit Bonus:	No
CFD Trading Option:	N/A
Crypto Asset Trading:	N/A
Available Trading Instruments:	N/A
Maximum Leverage:	N/A
Islamic Account:	No
Free Demo Account:	No
Accepts US clients:	US clients accepted
Global Fraud Protection Experts’ Verdict:	Protecting your funds is important, so stay away from blacklisted schemers if you don’t want to be robbed.

All Domains Blacklisted

First search results that come up when looking for this company online are blacklists. These public alerts issued by some of the most prominent regulatory bodies in the world are meant to warn investors of dangers lurking behind the mask of a reputable broker.

Although this firm claimed to be operating out of the UK, the FCA database of regulated entities had no information about the conduct. Once we started searching further, we stumbled upon more than a few red alerts: AFM, (reposted by FSC, CSA, IOSCO), FMA (reposted by ASIC), and FSMA (reposted by CNMV).

Being labeled as a scam by multiple financial authorities is clear proof of a company operating illegally. That means no compensation options are provided, and neither are negative balance insurance and segregation of funds.

User Backlash

The only place you’ll find client testimonials about the broker is a single unclaimed TrustPilot profile. It shows how the fraudsters tried to cover up the bad rep by commissioning fake content by review seller networks.

More importantly, we can notice the exact moment the swindlers gave up on the platform, as this is reflected in the way positive ratings simply stopped being posted. The actual CFX Fund reviews posted by the clients complain about being lured into a trap by a company agent, and losing their entire investment to a scam.

How Boiler Rooms Operate

Faux companies like CFX Fund broker cannot use traditional advertising methods to attract clients. If any advertising is present, it is usually done on social networks, as is the case with BTCNation.

In order to gain traction while remaining hidden from the authorities, fraudsters use a scam call center. In these boiler rooms, as they are called, workers go through the phonebooks day and night, constantly calling new people.

They follow a script which lets them influence the marks more easily. It has them introduce themselves as a finance professional, and seek out new investors for a get rich quick scheme. If someone shows interest, the agents quickly switch to aggressive strategies that involve harassment, threats and extortion.

Fraudsters’ Area of Focus

The older of the twin domains, cfxfund.com, was launched in October 2023. The swindlers are mostly focused on these nations:

• Belgium
• Canada
• Austria
• United States

With the websites shut down, it is becoming more and more difficult to recover the stolen money. Book a free consultation with our expert team as soon as possible to start a recovery procedure.

Unseen Investment Software

Website visitors weren’t even allowed to preview the alleged progressive and super advanced CFX Fund trading software. As a matter of fact, these con artists didn’t let anyone without a registered membership to even get close to their trading terminal.

That also meant that you had to deposit before you would get access to the trading area. Such conditions always mark the company as unsafe and with a tendency to extort money, so make sure you always stay away.

Undisclosed Trading Products

We’re all used to seeing popular, world-class brokerage platforms offering extensive instruments lists with hundreds, if not thousands of available assets. Unfortunately, that is not the case here. This was simply another aspect of the company’s offer that was hidden from the public eye unless you have a CFX Fund login.

Without even a preview of the reportedly remarkable software, we doubt it even exists which means most probably no assets were ever traded.

Terrifying Account Prices

Obtaining a CFX Fund account wasn’t easy at all, especially considering the fact that the minimum deposit requirements for purchasing these packages were exorbitant:

• Bronze – $10.000
• Silver – $25.000
• Gold – $50.000
• Premium – $100.000
• Platinum – $250.000

None of these bundles included any special features that would motivate anyone to buy them. If anything, they were just weasel words and empty promises for premium service.

Hidden Costs Reveal Foul Intentions

Absence of proper transparency is a sure sign of a company conducting illicit business. Such platforms will always try to sell victims ideas about completely fee-free service. However, the sad truth is that everything comes with a price tag and the amount of money you have to cough up is not at all negligible.

Trading parameters found on blacklisted platforms are not in the least attractive to any trader, novice or veteran. You see, these trading terms include astronomically high leverage of over 1:500 usually, with wide spreads, surprise fees and demands that all costs are paid up front by customers.

Denied Withdrawal Requests

Fraudulent investment companies like this one never really intend to release any funds, once deposited. The platform only shows fictitious trading, and any profits are completely fake.

One of the main ways for these cybercriminals to control the flow of money is to omit automatic payment processing. Victims must go through the “account manager” to request a CFX Fund withdrawal, who will start working them over with additional deposits instead, as is the case with the Yorkbit scam.

Don’t Let the Scammers Win! Get Your Money Back!

This self-proclaimed broker is an online scam entity. The charlatans did not operate a single CFX Fund website, but instead kept two online for contingency. Both of these sites were ultimately detected by the authorities, and promptly shut down.

Don’t wait for the con artists to disappear with the money they stole from you! Contact our experts today, and start a recovery procedure today. We are available around the clock, and our first consultation is free of charge.