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CFXPoint (Cfxpoint.com) is a Forex trading scam platform that has hit the financial world. After receiving numerous email complaints from subscribers, we decided to have a look. Shocked by our findings, we decided to share it with you. No one should ever lose money with fake scam brokers. Here, we will reveal all the dirty tricks these scam artists have used to defraud people. Read this detailed and honest review.
According to the homepage, CFXPoint claims to trade and invest securely with Forex. Traders are promised an enriched trading experience that is unmatched. Members are also urged to join this platform as they will be trained to become expert investors. By reading tutorials and eBooks, members are promised to become expert traders within no time. All these sounds too good to be true. Cause it isn’t. We are dealing with a professional scam outfit.
Fake promises are what scam artists rely on to lure unsuspecting investors. Claims such as fast and secure platform will immediately raise trust among investors. Other promises that CFXPoint is using include being an award-winning broker. Users are also promised a unique user experience in the world of online FX trading. Having said this, we simply had to conduct a thorough investigation and below is proof of scam.
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First red flags that we noticed was the platform they were using. According to their website, you can easily get MT4 platform, Sirix Crypto, web and mobile trader, and Activ8. Folks, we tried downloading these platforms on our devices. Sadly, none of the platforms worked on our devices as download stalled at 27%. It must be mentioned that this is highly unusual and unorthodox. Simply put, their platforms are useless.
Users can only use their web-based platforms which is at a disadvantage to mobile traders. Some traders prefer to trade on the go. Notice how their platform is unstable? It means that hackers can easily gain access to this platform and do as they want. Without SSL encryption protection, it makes this platform vulnerable to cyber-attacks. Who would sign up with a platform that can easily be manipulated by hackers? We’re guessing certainly not you.
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Readers, another shocking detail we learned was about their demo account. Investigating CFXPoint led us to opening a demo account and we noticed some discrepancies. For instance, we would place winning trades and surprisingly win. It seems that the platform is rigged to ensure users make winning trades. Notice that this is only happening with their demo trading account. Why could this be happening?
Scam artists are good at luring people into signing up with them. What CFXPoint scam artists have done is rig the demo account. It ensures that investors will use the demo account and make winning trades. Once they have laid this trap, investors are led to believe they can actually profit from CFXPoint. Wouldn’t you sign up with CFXPoint if it actually made winning trades? Sadly, all these are rigged trades meant to lure you into signing up.
Users are asked to refer friends and family to this fake Forex broker platform. Once you do this, you and your friends will lose money together. Affiliate programs used by scammers are meant to enlarge the trap set. It’s also a form of marketing strategy where they don’t need to advertise. Members do all the donkey work for them. Note that this is in a way an accomplice to crime. Members are asked to stay away from this venture.
Another affiliate program is the business affiliate. As their business affiliate, you are responsible to promote the product for them. Promotion can include high traffic websites, blogs and others. Doing this will be aiding and abetting financial fraud. Why can’t these scammers higher real promoters? It’s because reputable promoters don’t want a hand in scamming millions of people. No one has even been paid for promoting this website, it all looks phony.
Since no trader is the same, CFXPoint offers a wide selection of trading accounts. Each account is tailored to benefit a certain type of investor. Investors can choose between three different account types. Users can either choose to have the Silver account. A Silver account holder must make a minimum deposit of $1000 to start trading. To be honest, this is way above the industry recommended value of $250.
Gold account holders on the other hand must make a minimum deposit of $2500. These account holders get a sign-up bonus of 30%. Platinum account holders must cough up $25000 to start trading with CFXPoint. With this account, members are eligible for 50% bonus for opening an account. All these accounts come with different perks as we mentioned such as trader rebate on request.
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Notice to all our readers is that issuance of bonuses in Forex trading is strictly prohibited. No one should be allowed to offer bonuses to the public. All regulatory bodies are against use of bonuses as brokers take advantage of this. Brokers normally withhold withdrawals in the pretext that users must pay for bonuses used. Why then would they offer bonuses to members? It is simply a scheme to lure investors into signing up with CFXPoint.
Hell NO! CFXPoint has not being regulated by any regulatory institution. Furthermore, this is an offshore broker which means following set rules and regulations is next to impossible. Contacting the FCA and CySEC was the only way we could confirm CFXPoint was actually regulated. Sadly, none of these regulatory bodies has ever registered this fake Forex platform. It makes us question the real motive behind such a broker.
Without a doubt we have a scam in our hands. From the evidence gathered, we are sure that CFXPoint is nothing but a scam. Why would a legitimate platform fail to be recognized by regulatory bodies? It’s simply because we are dealing with an unknown entity. Another alarming detail is the level of anonymity these brokers have kept. No one can even know who the owner of this firm actually is.
Due to concrete evidence on our hands, we believe that CFXPoint is a scam. From offering bonuses to not being regulated, this is definitely a scam. As ardent Forex investors and traders, we have no other option but to blacklist CFXPoint as a scam.
Always go for dependable and trustworthy Forex brokers. Faithful and truthful Forex brokers ensure you trade safely and with ease. Get excellent services from Forex brokers who are backed by the trading community. It’s the only way to trade safely and easily.
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Hallo! Ich bin schon seit Oktober 2018 dabei und habe zuerst 200 € investiert und mit einem Broker namens James Anderson gesprochen. Er war nett und freundlich. Zuerst lief alles gut, wir haben auf Währungen gesetzt und ich habe meine Investition fast verdreifacht. James hat mich bezüglich noch höhere Investitionen gefragt, weil da die Chancen größer sind. Ich habe noch 500 € investiert. Es ist aber immer noch zu wenig, sagte er mir. Er wollte mit mir größere Trades setzen. Dann habe ich noch 1600 € überwiesen. Dann habe ich angefangen langsam zu verlieren. Er hatte noch einen Vorschlag für mich. Er schlug mir ein Bitcoin-Projekt vor. Hierzu braucht man natürlich mehr Geld (50.000 €), aber es gibt in drei Monate ein sicheres Gewinn (250.000 €). Es ist alles versichert, sagte er mir. Im Fall wenn etwas schief gehen sollte, bekomme ich meine komplette Investition zurück. Es ist kein Trading mehr ist, sondern eine richtige Aktie und er möchte mir die Einstieg warmherzig empfehlen. Er hat mir ständig erzählt, dass er früher, wo er noch so arm war, hatte auch in solche Projekte investiert und hat jetzt 12 Autos daheim stehen. Er hat mich immer gefragt was ich mit so viel Geld machen werde. Und welch tolle Sachen ich mir leisten kann. Er hat mich jeden Tag angerufen und gefragt, ob ich mich schon entschieden habe. Ich habe mit meinem Mann ein Kredit (50.000 €) aufgenimmen und zuerst zu einem Unternehmen namens cryptomarkthalle überwiesen. Der James hat alles überprüft und dabei geholfen, da wir uns mit Bitcoin nicht auskannten. Er sagt uns dass wir für 50.000 bircoins kaufen sollen und diese auf unsere Brieftaschenadresse (die in meinem Account stand und lautete (1BwCRwYkqHTWBePZfYeywFFizrWf3pb3VU ) überweisen sollen. Er wollte die Überweisungskopien als Bestätigung haben. Haben wir alles gemacht. Klar, die 50.000 € landeten auf mein Account Konto. Danach ging alles schief. Mein Konto fiel tiefer und tiefer. Und von unseren 50.000 € sind nur noch 7.830 € geblieben. Danach meldete sich ein anderer Broker bei uns, der Maximilian, und sagte dass der James nicht mehr da ist. Er wusste nicht wo er sein kann. Ich fragte ihn bezüglich des Bitcoin-Projekts, davon wusste er nichts. Er hat mir geraten dass ich dieses Projekt einfach vergessen soll. Aber er hat ein Vorschlag für uns, und er lautet Cannabis-Projekt. Aber dazu braucht mann wieder 50.000 €. Ich konnte es nicht mehr hören. Ich habe den Restbetrag zurück gefordert. Er lachte mich am Telefon aus. Wir haben sofort unsere Anwältin eingeschaltet. Sie hat schon zwei Schreiben mit der Fristsetzung zu CFX Point geschickt. Keine Reaktionen. Sie rufen uns ständig an und befehlen uns weiter zu traden. Und übrigens, die Brieftaschenadresse habe ich im Internet angeschaut. Da läuft eine wahnsinnsmenge Geld durch. Also, meine Brieftaschenadresse kann das unmöglich sein. Wir sind total verzweifelt und möchten über die Staatanwaltschaft und Finanzpolizei gegen CFX Point vorgehen. Bitte, fällt nicht auf die sogenannte “Projekte” rein!