CFX Point

CFX Point is a brokerage entity registered in Bulgaria, with an official domain of cfxpoint.com. According to FXCanary's records, the broker was established on 11 April 2019.

As of the time of this review, CFX Point does not hold any regulatory licence from a recognised financial authority, which represents a significant concern for trader protection and recourse. Publicly available information about the broker is extremely limited, and the website currently appears to redirect to an unrelated Chinese electronics company, suggesting the original broker may no longer be operational or has rebranded.

CFX Point was founded in Bulgaria in April 2019. Bulgaria is a European Union member state, and forex brokers operating there are typically required to be licensed by the Bulgarian Financial Supervision Commission (FSC) if they offer services to local residents. However, FXCanary's checks indicate that CFX Point is not listed on the FSC's register of authorised firms.

Without a licence from the FSC or any other credible regulator, the broker operates outside the framework of investor protection schemes, compensation funds, and mandatory reporting standards. This lack of oversight is a critical red flag for potential clients.

Our records confirm that CFX Point has no regulatory licences on file. The broker is not authorised by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, or any other major European regulator.

Traders are strongly advised to avoid dealing with unregulated brokers, as there is no guarantee of fair treatment, segregation of client funds, or access to dispute resolution mechanisms. The absence of regulation places all counterparty risk squarely on the client.

Due to the lack of accessible official information and the broker's apparent disappearance from its original domain, details about the trading services once offered by CFX Point are unavailable. It is unclear what instruments (forex pairs, CFDs, commodities, etc.) were available, what trading platforms were supported (e.g., MetaTrader 4/5, cTrader), or what account types could be opened.

Without this data, prospective traders cannot evaluate the broker's offering. The fact that the website now hosts an unrelated business further complicates any attempt to verify past claims.

Unregulated brokers like CFX Point typically do not offer segregated client accounts or participate in compensation schemes (e.g., the Investor Compensation Fund for EU brokers). This means that if the broker becomes insolvent or engages in misconduct, clients have no legal entitlement to recover their funds.

With no regulator to enforce compliance, it is impossible to confirm whether client money was ever properly handled. FXCanary categorically advises against depositing funds with any broker that cannot demonstrate valid regulation.

Given the lack of regulation and the disappearance of its official online presence, CFX Point is not suitable for any category of trader. Even experienced traders who take on higher risk should avoid unregulated brokers due to the elevated probability of scams or operational failure.

The broker's high scam risk score of 51/100 (Elevated) reflects the significant dangers associated with trading through an unregulated entity. Traders seeking a secure environment should only consider brokers with top-tier regulation.