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CFreserve Broker Review

Numerous inquiries have been made about CFreserve brokerage. Read our CFreserve review if you’ve been on the fence about opening an account or if you’ve already invested and are having trouble getting your money back.

Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: FSMA, FCA, FI
Owned by: N/A
Headquarters Country: Ireland (Allegedly)
Foundation year: N/A
Supported Platforms: Web trader
Minimum Deposit: $250
Cryptocurrencies: Available
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: N/A
Free Demo Account: No
Accepts US clients: No

CFreserve Regulations and Security

We didn’t receive a lot of information from CFreserve about the founder or corporate headquarters. The only information we have is an Irish support number, which identifies Ireland as the company’s home country. The Central Bank of Ireland, Ireland’s strong regulatory body, has no CFreserve records. As a result, we can draw the conclusion that this particular broker is unlicensed and perhaps not even based there.

The company is linked to Imperial App Limited, a boiler room in Bulgaria, according to the FCA notice.

CFreserve Warnings From Financial Regulators

It’s hardly surprising that various regulatory authorities found CFreserve to be nothing more than a fake brokerage since we’ve established that it is. Among them are the Belgian FSMA, the Estonian FI, and the UK FCA. All of them made the same claim: CFreserve has been engaging in fraud, and anyone who has been defrauded by them should register a complaint right away. Beware of the CFreserve scam and contact us if you notice anything unusual.

Fund Withdrawal Issues

Unregulated scam brokers have long prohibited their consumers from receiving their money back. Since CFreserve is one of those, we have received numerous complaints from customers who claim they are unable to withdraw money from this broker and that their accounts have been suspended as a result of doing so.

Please let us know if you noticed that you were unable to access your account for longer than a few hours and that no one from the business responded to your inquiries. It’s practically a guaranteed sign of fraud, so you need to submit a chargeback dispute right away.

You should stay away from CFreserve Forex Broker and other companies like them.

Traders About CFreserve Scam

There isn’t much more to say after everything has been said. Trading customers are really dissatisfied with CFreserve, and their only wish is to learn how to get their money back. Along with withdrawals, other issues that some have with the broker include their insistence on using Bitcoin for deposits and the trading interface itself.

As was already indicated, problems with withdrawals and account suspension are practically guaranteed scam indicators. Additionally, you might discover that your broker is pressuring you to make investments that are beyond your means, applying for dubious bank loans, accessing your online banking through AnyDesk or similar software, and more.

Since your bank account is private and you shouldn’t take out a loan of any type to invest, all these are indications of fraud. The first rule is to only invest as much as you can comfortably afford. So, regardless of what the purported broker from an unlicensed business like CFreserve tells you, trust your own judgment.

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]