About cginvest
Overview
CGFX, also known as Commercial Group FX, is an online trading broker registered in Mauritius since July 31, 2019. It operates under the regulatory oversight of the Financial Services Commission (FSC) of Mauritius, holding a Securities Trading License (EP) with status Regulated. The broker's official domain is cgfx.com, and it maintains a social media presence on Facebook, Instagram, LinkedIn, and YouTube.
Regulation and Licensing
CGFX is regulated by the FSC in Mauritius, which is a lower-tier regulatory body compared to authorities like the FCA or CySEC. While the broker has a valid license, traders should be aware that Mauritius regulations may not offer the same level of investor protection as tier-1 jurisdictions. The FXCanary Scam Risk Score of 29/100 (Guarded) reflects this cautious assessment.
Account Types
The broker offers three trading account tiers. The CG-Prime account requires a minimum deposit of $1,000, the CG-Pro account requires $250, and the CG+ account starts with just $50. All accounts provide a maximum leverage of 1:400, which is high for retail traders. These options cater to different capital levels, with the CG+ designed for beginners.
Trading Platform and Instruments
CGFX provides the MetaTrader 5 (MT5) platform, a widely-used multi-asset trading platform. The range of trading instruments is not explicitly detailed on the website snippets, but as a forex and CFD broker, it likely offers major, minor, and exotic currency pairs, as well as CFDs on indices, commodities, and possibly cryptocurrencies. The account types do not list specific instruments.
Funding and Support
The broker markets fast withdrawal processing (over 95% within 10 minutes) and over 80 deposit methods, including local options. Customer support is available 24/6 through multiple channels, including WhatsApp and live chat. These features aim to provide a user-friendly experience for international traders.
Target Audience
CGFX targets retail traders globally, with account options for both small and large capital. The low minimum deposit for the CG+ account makes it accessible to beginners, while the high leverage appeals to those seeking amplified exposure. The broker's presence in Mauritius suggests a focus on markets outside strict tier-1 regulatory zones.
Overview compiled by FXCanary from regulatory records and public data. full cginvest review