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CFMerchants

forex broker

CompanyCFMerchants
Foundation2017
CountryUAE
Payment optionsCredit/debit cards, Skrill, Neteller, Wire transfer, UnionPay, Perfect Money,
Minimum account size0.01
Minimum Deposit$200
Leverage1:400
SpreadLow
RegulationCF Merchants is the trading name of CF Merchants Limited under Company Number: IC20110639
Websitewww.cfmerchants.com

Advantages

  • Broker Type : STP/ECN
  • MetaTrader 4
  • Low spreads.
  • Bonus offers
  • Multiple ways of account funding.
  • ECN execution available.
  • Scalping Allowed
  • Hedging Allowed
  • Expert advisors Allowed
  • Affiliate program
  • Islamic accounts available.
  • Trade Forex, CFD, futures, commodities, oil and gold.

Disadvantages:

  • U.S. citizens aren't allowed to open an account.

Bonuses/Promotions

Reviews

1 reviews of this broker are presented here.

Posted by Nikolay from Russia on Wednesday, 03.27.19 @ 05:47am | #942

I have been trading with a broker CF Merchants Ltd since November 7, 2018.
Trading Accounts 315599, 315471 and 316491
During this time I made a deposit of $ 760 and opened two more trading accounts.
I made a conclusion twice 350 and 350 dollars.
When I opened the first trading account and made the first deposit on the broker’s website it was written:
All customers can not close their orders up to 60 seconds from the date of order execution.
I have a screenshot of this post.
I fulfilled this condition with a large margin (from 2 to 5 minutes, sometimes more). I have never made a deal in less than 60 seconds.
On February 19, 2019, I made a new withdrawal request for $ 650.
On March 11, 2019, I received a letter from the broker that the transaction needed to be carried out for more than 5 minutes. This broker told me backdating, when I earned a profit.
During all this time, the broker never wrote to me that he wants me to open positions for more than 5 minutes.
I repeat: - Not a single letter about this.
For me, compliance with these conditions is not a problem at all. I could open and close orders after 5 and 10 minutes. No problem with that.

I tried to explain to the broker that it was not fair to do that.
Indicated to them the phrase on their website:
All customers can not close their orders up to 60 seconds from the date of order execution.

After 5 days, they killed this phrase from the site.

As a result, the broker deceived me for 2090 dollars. Did not even return the balance of the deposit.
I declare: CF Merchants Ltd - scammers

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