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CGFX

Mauritius|5-10 years|
Regulated in Mauritius|Retail Forex License|MT5 Full License|Regional Brokers|Medium potential risk|Offshore Regulated|

https://cgfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
CGFX-Server MT5
Server Location Germany

Contact

+1 (650) 491-9997
info@cgfx.com
https://cgfx.com/
Suite 305, Griffith Corporate Centre, Pobox 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines

Licenses

Licensed Institution:CG Global Ltd

License No.:GB22200249

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

WikiFX Risk Alerts
2024-12-23
  • The Mauritius FSC regulation with license number: GB22200249 is an offshore regulation. Please be aware of the risk!

Basic information

Registered region
Mauritius
Operating period
5-10 years
Company Name
Commercial Group FX Pty Ltd
Abbreviation
CGFX
Company employee
--
Customer Service Email Address
info@cgfx.com
Contact number
0016504919997
Company website
Company address
Suite 305, Griffith Corporate Centre, Pobox 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines
Keywords 7
5-10 years
Regulated in Mauritius
Retail Forex License
MT5 Full License
Regional Brokers
Medium potential risk
Offshore Regulated
Account Information
Related Software
Website
Company Summary
Review
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Official website

Website

  • commercialgroupfx.com

    Server Location

    United States

    Website Domain Name

    commercialgroupfx.com

    Server IP

    198.54.114.162

  • cgfx.com

  • cgfx.com.au

Company Summary

CGFX Review Summary
Founded2011
Registered Country/RegionMauritius
RegulationFSC (Offshore)
Market InstrumentsForex, Metals, Indices, Shares and Commodities
Demo Account
LeverageUp to 1:400
SpreadFrom 0.0 pips
Trading PlatformMT5
Social Trading
Min Deposit$50
Customer Support24/6 multilingual support
Live chat, contact form
Tel: +1 (650) 491-9997, +44 204 571 6608
WhatsApp: +1 (650) 491 - 9997
Email: info@cgfx.com
Social media: Facebook, Instagram, YouTube, Linkedin, WhatsApp
Address: Suite 305, Griffith Corporate Centre, Pobox 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines
Premier Business Center, 10th Floor, Sterling Tower, 14 Poudriere St., Port Louis, Republic of Mauritius
Regional RestrictionsThe United States, Iran, Syria, and North Korea

CGFX, also known as Commercial Group FX, is an online trading broker that provides access to the popular MT5 platform. It offers a variety of trading instruments across different asset classes.

The company was originally established as Commercial Group for Trading in International Markets (CGTIM) in 1998 and was the first of its kind to be registered in the Hashemite Kingdom of Jordan. In 2011, CGTIM underwent rebranding and expansion efforts, leading to its current name, Commercial Group FX (CGFX).

CGFX's homepage

Pros and Cons

Pros Cons
Various trading assetsOffshore FSC regulation
Demo accounts offeredRegional restrictions
Multiple account types
Commission-free account offered
Tight spreads
Popular trading platform MT5
Social trading
Low minimum deposit
Multiple payment options
Live chat support
24/6 multilingual support

Is CGFX Legit?

CGFX states that they have implemented safeguards such as Segregation of accounts, Banking relations, and secure technologies and services to protect their clients.

Security measures

However, it is offshore regulated by the Financial Services Commission (FSC). Therefore, investing with CGFX carries a certain level of risk.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
The Financial Services Commission (FSC)Offshore RegulatedCG Global LtdRetail Forex LicenseGB22200249
Offshore regulated by FSC

What Can I Trade on CGFX?

Tradable Instruments Supported
Forex
Metals
Indices
Shares
Commodities
Bonds
Options
ETFs

Account Type

CGFX offers three account types: CG-Plus, CG-PRO and CG Prime. Demo accounts, swap-free accounts are also offered.

Account TypeMin Deposit
CG-Plus$50
CG-PRO$250
CG Prime$1 000
Account comparison

Leverage

CGFX's leverage is capped at 1:400. Note that high leverage not only brings high profits but also high losses.

Spread and Commission

CGFX's spreads and commissions both vary by accounts.

Account TypeSpreadCommission
CG-PlusFrom 1.0 pips
CG-PROFrom 0.6 pips$5/lot
CG PrimeFrom 0.0 pips$3/lot
Account comparison

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5PC and MobileExperienced traders
MT4/Beginners

Deposit and Withdrawal

CGFX accepts deposits and withdrawals via Crypto, Perfect Money, Bank Transfer, SticPay, Local Banks, CGFX Card, Local Depositors, Whish Money, Khipu, PagoFacil, Rapipago, Boleto-Boleto, Lottery Pagamento, Wallet AME, DepositExpress, Wallet Paypal, Open finance, Wallet Picpay, РІХ, Credit Card, Bancolombia, Cash, Dale, Claro Pay, Daviplata, Efecty, Gana, Movii, Nequi, PSE, SuRed, CoDi, Rappipay, TPaga, OXXO Pay, OXXO, Todito cash, SPEI, Wallet MADA, Agora pay, BBVA, Bim, Interbank, izipayYA, Kontigo, Ligo,Mobile card, Plin, Scotiabank, Sodexo, Tunki, Tarjeta W, Wallet diners, Yape, M-Pesa, Eazy, ΜΤΝ, Airtel Money, Tigo Pesa, Zamtel, Halo Pesa, and Vodacom Mpesa.

Payment options 1
Payment options 2
Payment options 3
Payment options 4
Payment options 5

Keywords

  • 5-10 years
  • Regulated in Mauritius
  • Retail Forex License
  • MT5 Full License
  • Regional Brokers
  • Medium potential risk
  • Offshore Regulated
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