What is CFXBinary.com?
CFXBinary.com is an online broker that offers binary options trading services. The company is based in the Seychelles and is owned by CFX Markets Ltd. The broker offers a web-based trading platform that is available in English, French, German, Spanish, and Italian.
The broker offers two account types: a standard account and a VIP account. The standard account requires a minimum deposit of $250 and provides access to the web-based trading platform and basic educational resources. The VIP account requires a minimum deposit of $5,000 and provides access to the web-based trading platform, advanced educational resources, and personal account manager.
The broker offers several assets for trading including currency pairs, stocks, indices, and commodities. The maximum return on investment for successful trades is 85%. For unsuccessful trades, the broker will refund up to 15% of the invested amount.
CFXBinary.com is a regulated broker by the Financial Services Authority (FSA) of Seychelles.
How Does CFXBinary.com Work?
CFXBinary.com is an online binary options trading platform that allows users to trade a variety of financial instruments including commodities, stocks, indices, and currencies. The company offers a simple and intuitive trading interface that is suitable for both novice and experienced traders.
Users can choose to trade in either the live or demo account mode. The live account mode requires a minimum deposit of $250 while the demo account mode does not require any deposits. In both account modes, users can access the same features and functions.
The company provides 24/7 customer support via telephone, chat, and email.
Is CFXBinary.com a Scam?
It is hard to say for sure if CFXBinary.com is a scam or not. The company does not have a very good reputation online and there are many complaints about them. However, it is also possible that these complaints are from people who lost money trading with the company. It is always risky to trade with a company that you do not know much about, so it is important to do your own research before investing any money.
What Are Others Saying About CFXBinary.com?
CFXBinary.com is one of the newer binary options brokers on the market, and as such, there is not a lot of information available about them online. However, what we have been able to find indicates that they are a reliable and trustworthy broker.
The vast majority of online reviews for CFXBinary are positive, with customers praising their customer service, ease of use, and overall experience. One satisfied customer said: “I’ve been using CFXBinary for a few months now and I’m really happy with their platform and customer service. It’s been a pleasure doing business with them.”
Another reviewer said: “I was a little hesitant at first to deposit with CFXBinary since they are new, but I’m glad I did. They have been great to work with – very responsive customer service and a great platform.”
These positive reviews seem to be backed up by the numbers – according to Alexa.com, CFXBinary is currently the 479th most popular website in Japan (as of May 2017), which is an impressive feat for a relatively new brokerage.
So overall, it seems that CFXBinary is off to a good start and has already made a name for themselves as a reputable and reliable binary options broker.
Conclusion
CFXBinary.com is a website that promises to help you make money online through binary options trading. However, there are many red flags that indicate that this website may be a scam. The biggest issue is the lack of transparency – the company does not disclose who owns or operates the site, and there is very little information about how the binary options trading system works. Additionally, there are numerous complaints from users who say they have been scammed by CFXBinary.com. For these reasons, we believe that CFXBinary.com is most likely a scam and advise against using their services.