No sign that CFX Broker actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.

Moderate risk

Scam Risk Scoremonitored · 2026-07-28

Lower riskHigher risk

No verified regulatory license on file
No verifiable website or social-media presence

How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

Factor	Score	Weight
Regulation & licensing	85	35%
Company age	22	15%
Clone / impersonation	0	12%
Withdrawal & exposure complaints	0	12%
Offshore registration	10	8%
Transparency (site/info/social)	75	10%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company

Legal nameCFX Broker GmbH

Headquarters🇩🇪 Germany

Founded2019-05-30

Years operating5-10 years

Employees0

Official websitecfx-broker.de

Trading conditions

Avg execution speed0 ms

Avg slippage0

Swap rating—

Trading cost rating—

Monitored traders0

Monitored orders0

Funding & instruments

Deposit methods—

Withdrawal methods—

Instruments—

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

CFX Broker operates without a valid regulatory licence, which is a significant risk factor. The broker itself warns about fraudulent use of the 'CFX' name, but its own unregulated status means traders have no official recourse in case of disputes. While the partnership with established platforms like FXFlat and Saxo Bank may lend some credibility, the absence of direct regulation and the multiple warnings on the site suggest caution is warranted. FXCanary assigns a Scam Risk Score of 45/100 (Guarded), indicating a need for careful consideration before engaging.

Best for

German-speaking traders seeking access to FXFlat and Saxo Bank platforms
Traders comfortable with unregulated brokers and willing to perform additional due diligence

Not for

Traders requiring BaFin or EU-regulated protection
Risk-averse investors seeking client fund segregation and compensation schemes
Non-German speakers, as the website and support are in German

Period:

What users praise

Where reviewers are from

Morocco1

Real user reviews

Where CFX Broker operates

Active across 2 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇩🇪 Germany

🇨🇭 Switzerland

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

Similar brokers

TRADE REPUBLIC

Germany · TP —

Low risk ⇄ Compare with CFX Broker

Bit Capital Hub

Germany · TP 1.8

Severe ⇄ Compare with CFX Broker

ayondo

Germany · TP 3.6

Guarded ⇄ Compare with CFX Broker

fXFLAT BANK

Germany · TP 4.5

Guarded ⇄ Compare with CFX Broker

What CFX Broker says about itself as stated by the broker · not independently verified by FXCanary

Trading Conditions

According to its website, CFX Broker promises 'top conditions' and a wide product range, claiming to enable trading 'like professionals'. The broker emphasises low spreads and cost efficiency, particularly when trading through partner platforms such as FXFlat and Saxo Bank. It states that clients can trade forex spot, CFDs, and futures on MetaTrader 4 and MetaTrader 5.

Partnerships and Platforms

The broker presents itself as a partner of FXFlat and Saxo Bank, offering access to their trading platforms and instruments. It claims that through this collaboration, traders can benefit from 'günstigen Konditionen und schnellen Ausführungen' (favourable conditions and fast execution). The website lists MetaTrader 5 as a key platform for CFD, forex, and futures trading, highlighting features such as unlimited charts and the ability to trade long and short in one account.

Customer Service and Support

CFX Broker states that its team is available by phone weekdays from 10:00 to 18:00 (German time) at 08509 / 910 932. It encourages clients to reach out with questions or suggestions. The contact page also provides email addresses for the managing directors, Kurt Ziegler and Roland Wagner, under the operator DonauCapital Wertpapier GmbH.

Legal and Regulatory Disclosure

The broker prominently displays a 'Dringender Warnhinweis' (urgent warning) on every page, stating that the name 'CFX' has been used fraudulently multiple times. It specifically warns about entities named 'Handel CFX' (flagged by BaFin) and 'cfx-fund-management' (flagged by FMA Austria). The broker clarifies that these entities are not connected to CFX Broker and are not contractual agents. The imprint identifies the operator as DonauCapital Wertpapier GmbH, registered in Germany.

About CFX Broker

Company Overview

CFX Broker is a German forex and CFD brokerage operating under the legal entity DonauCapital Wertpapier GmbH. According to the company's imprint, it is headquartered at Passauer Strasse 59, 94161 Ruderting, Germany. The business was founded on 30 May 2019, and its managing directors are Kurt Ziegler and Roland Wagner. The broker's official website is cfx-broker.de.

The broker targets retail and professional traders, offering access to forex, CFDs, and futures through partnerships with established providers like FXFlat and Saxo Bank. It does not hold a licence from BaFin or any other financial regulator, placing it outside the German regulatory framework for investment services.

Regulatory Status

Our records show that CFX Broker has no valid regulation from any financial authority. The German Federal Financial Supervisory Authority (BaFin) has not granted it a licence to conduct banking or securities business. This is a critical factor for traders, as it means there is no official oversight of the broker's operations, client fund segregation, or dispute resolution mechanisms.

The broker itself has posted a warning on its website about other entities misusing the 'CFX' name, including 'Handel CFX' (flagged by BaFin) and 'cfx-fund-management' (flagged by the Austrian FMA). This caution, while prudent, does not alter the fact that CFX Broker itself is unregulated.

Trading Platforms and Instruments

CFX Broker provides access to MetaTrader 4 and MetaTrader 5 (MT5) through its partnership with FXFlat. MT5 is highlighted as the primary platform, supporting forex spot, CFDs, and futures trading. Features include unlimited charts, multiple timeframes, and advanced order types. The broker also references the Saxo Bank platform for additional instruments and market access.

The product range includes forex spot trading, which is offered directly (as opposed to forex CFDs), along with CFD products on indices, commodities, and stocks. Futures trading is also available, catering to traders looking for exchange-traded derivatives.

Account Types and Conditions

The broker's website does not list specific account types or minimum deposit requirements. However, it emphasises competitive spreads and low costs, particularly for forex spot trading through FXFlat. The broker positions itself as a cost-efficient option for active traders. Trading conditions may vary depending on the underlying partner platform (FXFlat or Saxo Bank).

There is no mention of demo accounts, Islamic accounts, or bonus promotions. Clients are encouraged to contact the broker directly for detailed information on account opening and trading terms.

Customer Support and Contact

CFX Broker offers telephone support from 10:00 to 18:00 weekdays (German time) at 08509 / 910 932. The website also provides email contacts for the managing directors: ziegler(at)donaucapital.de and wagner(at)donaucapital.de. The support is primarily in German, reflecting the broker's focus on the German-speaking market.

Physical correspondence can be sent to the Ruderting address. The broker's website contains an imprint with full legal details, as required by German law.

Overview compiled by FXCanary from regulatory records and public data. full CFX Broker review