CBF

CBF is a retail forex and CFD broker registered in the United Kingdom, founded on June 11, 2018. The broker operates under the domain cbfforex.com and lists an Asia Pacific service center in Hong Kong. According to regulatory records, CBF holds an FCA license (Market Making), though the current status of that license is not specified in public records.

Our review found that the broker promotes itself as a technology-driven platform serving professional investors worldwide. The company description mentions a focus on forward contracts, futures, options, and swaps, alongside standard forex and CFDs. However, the exact regulatory standing remains ambiguous given the absence of the FCA license number on the website and the lack of independent verification.

CBF claims to operate under multinational multi-license supervision, but the only regulator on file is the FCA in the United Kingdom. The status of this license is marked as unknown in our records. The broker's website mentions 'strict financial supervision' and segregated accounts, but does not provide specific regulatory details or license numbers.

Industry databases indicate a significant lack of transparency. The broker's Asia Pacific office address in Hong Kong is not a typical location for an FCA-regulated entity, raising questions about the actual oversight. Without confirmed active regulation, client funds may not be protected by compensation schemes, and the broker operates with high risk.

CBF offers two main account types: a Standard STP account with floating spreads and no commission, and a RAW ECN VIP account with institutional liquidity and tighter spreads. The minimum deposit is set at $100, with a withdrawal fee of $5 per transaction. Leverage is advertised as up to 1:500 for forex pairs and up to 1:200 for other products such as indices and commodities.

The availability of such high leverage, particularly on an unverified regulatory status, amplifies the risk for retail traders. The broker also promotes a 'My Wallet' affiliate program for active traders, but details are sparse. Standard account spreads are quoted at 1.8 pips for EUR/USD, while the ECN account can achieve spreads as low as 0.2 pips, though these claims are unverified.

The broker exclusively uses the MetaTrader 4 platform, available on desktop, mobile (iOS/Android), and via a multi-account login terminal. MT4 supports automated trading through Expert Advisors (EAs), advanced charting, and 30 languages. The multi-account manager allows control of up to 100 accounts simultaneously, targeting active traders and account managers.

CBF does not offer MetaTrader 5 or proprietary platforms, which may limit functionality for some traders. The platform claims 24-hour trading on certain CFD indices, but the overall product range is typical for a small to mid-tier broker. Educational resources and training are mentioned but not detailed on the site.

CBF provides forex trading on dozens of currency pairs, plus indices such as SP500, FTSE100, DJ30, and Asian benchmarks. Commodity CFDs include precious metals and energy. The broker also advertises futures and options contracts, though the specific contract specifications are not clearly listed. CFDs cover a range of European, US, and Asian indices.

The product diversity is moderate compared to larger brokers. However, the lack of clear documentation on contract sizes, margin requirements, and swap rates makes it difficult for traders to assess suitability. The broker's focus on high leverage and low spreads suggests it targets short-term speculative traders.

CBF states a minimum deposit of $100, with a fixed withdrawal fee of $5. Payment methods are not explicitly listed on the website, though the broker likely supports bank transfers, credit cards, and e-wallets given industry standards. The broker mentions segregated accounts and third-party PI insurance, but these are unverified claims.

Withdrawal processes and timelines are not disclosed, and there are no user reviews to gauge reliability. The absence of transparent fee schedules or processing times adds to the overall uncertainty. Traders should approach with caution given the low information environment around funding operations.

CBF appears to aim at retail traders seeking high leverage and low-cost trading. The availability of both STP and ECN account types caters to different experience levels, from beginners to high-volume scalpers. The Hong Kong service center and multi-language support suggest a focus on Asian markets, particularly China and Southeast Asia.

However, the broker's regulatory ambiguity makes it unsuitable for risk-averse traders or those requiring strong investor protection. The high FXCanary Scam Risk Score of 85/100 reflects the severe lack of verifiable licensing and independent feedback. Traders should verify regulatory status independently before committing funds.