TFXgo is a typical broker that offers trading with cryptocurrencies, currencies, commodities, stocks and indices.
It uses the Metatrader and an online web-based trading platform. The website of the broker shows only three types of trading accounts with the minimum deposit being 10,000 pounds, but we believe there are also other accounts with lower minimum deposits.
TFXgo is allegedly run by a British company CHFB Limited that is based in London.
We see several red flags with this TFX broker, let’s point out some of them.
Not regulated, shady
The first problem is that CHFB is a dormant company, so it is not supposed to be active. The second problem is that CHFB is not registered with the Financial Conduct Authority, therefore it is not authorized to provide investment services.
It means that TFXgo is an unregulated and illegal broker.
So, the broker is not even one year old and all the numbers about clients, transactions and so on are obviously fake.
TFXgo is an unregulated broker that is lying about its identity, we recommend staying away.
For financial trading use regulated brokers.