CFsum is an unlicensed Forex broker, that opened in October of 2018.
CFsum is owned and operated by Bestfolio Consulting OU. Official address is: Harju Maakond, Kesklinna Linnaosa Narva mnt 5 101 17 Tallinn Estonia. Contact phone number is United Kingdom: +44 203 477 8555. Customer support email address is: Support@CFsum.com, and the official website is at: https://CFsum.com.
For withdrawal issues and complaints, read this.
CFsum is NOT a licensed broker.
Go Look at the Best Regulated Brokers
Our review of the brokerage firm CFsum shows, that they are offering investors a CFD trading platform called Proftit. This trading software has CFD’s available on Currency pairs, Stocks, Market Indices, Commodities and a wide range of Crypto Currency Coins. In total there are more than 180 underlying assets available for CFD trading.
You should take a few minutes to understand what CFD trading is all about, and how it differs from investing long term. So called investors who use Contracts for Difference, are actually speculating on the movement of price, and do not own the underlying asset. About 85% of investors lose money trading CFD’s, and that is because they don’t realize what they are buying.
Investors who received a bonus on their account will not be able to withdraw any money until they meet the terms and conditions of the broker.
In order to withdraw funds from an account that has been credited with a trading bonus, the trader will be required to execute a minimum trading volume of (Bonus Amount + Deposit) x 25.
Minimum deposit for a new trading account at CFSum is $250, and the minimum withdrawal is $100.
Educate yourself on trading CFD’s with these educational videos.
Is CFsum a Regulated Broker?
No, CFsum is not a licensed broker.
The way that the Scam Broker Investigator reviews a CFD trading broker to see if they are a legitimate broker, is by checking for a valid license. All financial trading firms must be licensed and regulated by your governments financial oversight agency. In England that would be the FCA, and in Australia it is ASIC. The FCA recently warned investors to stay away from this firm.
You can find a list of all the popular Forex brokers here.
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Investors that are currently trading CFD’s with the broker CFsum are asked to share their experience in the comments below.