Website URL: https://cfreserve.com/
Deposit Methods: Credit cards, Bank Wire Transfer, Cheque
Minimum Deposit: $250
Free Demo Account: no
Types of Assets: CFDs, Forex, Cryptocurrencies
CFreserve has attracted a lot of attention over the years, and not necessarily the good kind. What stands out about this trading company right away is the fact that it lacks legitimate licensing information. Namely, when you visit the website, you will find the following:
This is highly unreliable information, especially considering that Ireland falls under European jurisdiction. Meaning, the website should list a particular regulatory body that is responsible for creating a regulatory frame for CFreserve. Instead, we only have some random company name and a street somewhere in Dublin.
For instance, two of the most reputable regulatory bodies in Europe include FCA and CySEC. The brands that are regulated by them do not stray from mentioning it several times on their website since it shows their own reliability and trustworthiness. The fact that CFreserve doesn’t list any regulatory body as guidance is quite suspicious.
The CFreserve trading platform is highly appealing and user friendly. The colours are soothing to the eyes, while the information is displayed neatly and without any clutter. You can easily scroll through the available assets and watch how each one of them is performing currently through a handy chart. Also, the leverage is quite low at 1:10.
Specifically, the usual leverage for the European market comes at 1:30, while in North America it comes a bit higher at 1:50. So, what’s the catch? Many would suggest that this is just another cheap trick of CFreserve to attract more clients despite the fact that it is highly unreliable.
In addition, the platform isn’t even MT4 or MT5. This is standard for the trading community, so for a platform to not be based on this software could mean that the unreliability will only continue as you dig deeper into the platform with your trades.
CFreserve offers a pretty poor educational section. We can’t even call it a section since the educational tools can be found on a variety of different places within the website. For example, the most obvious tab you’d probably visit is the Frequently Asked Questions. This section is surprisingly lacking some details and more unique questions that might interest the clients.
Instead, there are about 10 different generic answers about deposits and withdrawals, as well as the safety of funds. For a company that does not provide any regulatory safety, they sure insist on the term a lot. Other than this page, you can also find some eBooks that seem pretty handy, but again they do not dig deeper into the matter of trading and its many branches.
Deposits and Withdrawals
The payment methods for deposits and withdrawals are not admirable. There are only 3 available, and they include credit cards, bank wire transfer and cheques. Also, the website takes pride in offering over 35 currency pairs up for trade and some of the top-leading cryptocurrencies such as Ethereum, Bitcoin and Dash. Based on this, you would presume that the payment options should be at least as various.
But that’s not even the most eye-popping thing about CFreserve. Trading with this company comes with a lot of strings attached, including the $25 fee for using a credit card as your preferred method of payment. Since the rest of them do not have any fees or commissions attached, the question imposes why would anyone ever choose the credit card option, to begin with.
When it comes to the speed of processing your requests, it is quite different depending on your wish to make a deposit or a withdrawal. While deposits are processed as quickly as a few minutes, the withdrawals may be a long time coming for you, from 2 to 5 business days. This is another example of how CFreserve tries to shift the rules a little bit to their favour.