cflxportfolio.com is a CFD broker website with a domain registered on April 22, 2024. The broker primarily offers investment services in trading markets such as forex, stocks, options, cryptocurrencies, and copy trading for retail and institutional clients. It does not provide services to countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on the cflxportfolio.com website, the broker uses the trading name "cflxportfolio" and is regulated by the Financial Services Authority (FSA) in San Diego, California, with the securities dealer license number SD018. However, on the "Why cflxportfolio" page, the broker's trading name is listed as "Wealth For Homes Best Trading."
In fact, there is no such entity as the "Financial Services Authority (FSA) in San Diego, California." The broker is using information from the Seychelles Financial Services Authority (FSA), and the company with the FSA license number SD018 is Raw Trading Ltd, which is the registered entity for the well-known broker IC Markets under FSA regulation. cflxportfolio.com is misappropriating the regulatory information of IC Markets.
Therefore, cflxportfolio.com is essentially a fraudulent broker website with no corporate entity or any regulatory oversight.
Account Opening Procedure
To open a trading account on cflxportfolio.com: Visit the broker's website, click "Open an Account" or "Sign up" at the top right corner of the page, fill in personal information such as name, phone number, email address, and set a login password, then submit the information. The account can be successfully registered upon verification.
Trading Account Information
The cflxportfolio.com website does not disclose information regarding the types of trading accounts offered, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade volumes, maximum position/order volumes, or tick sizes.
Trading Platform
cflxportfolio.com claims to provide MT4/MT5 trading platforms, but the download links provided do not work, and the broker cannot be found on the MT4 or MT5 platforms.
Deposit and Withdrawal
cflxportfolio.com supports deposits and withdrawals through Skrill, PayPal, Mastercard, VISA, NETELLER, UnionPay, and other methods.
Conclusion:
Traderknows reminds investors that cflxportfolio.com is a fraudulent broker website that has stolen regulatory information from IC Markets. In reality, it has no corporate entity or regulatory oversight. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Suspected Fraud" on Traderknows.
