WARNING, TFXgo is an unauthorized broker

TFXgo brokerThis review explains why you should not trade financial markets with the broker TFXgo (TFX).

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.

TFXgo problems

We see several red flags with this TFX broker, let’s point out some of them.

Not regulated, shady

Dormant companyAs we already mentioned, according to their website, TFXgo is run by a CHFB Limited. We had a look at the Companies House register and this company exists.

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.

Lies

Date of creationTFXgo mentions on its website that exits since 2015. But it is a lie, the tfxgo.com domain was registered only in 2018.

So, the broker is not even one year old and all the numbers about clients, transactions and so on are obviously fake.

Conclusion

TFXgo is an unregulated broker that is lying about its identity, we recommend staying away.

For financial trading use regulated brokers.

Summary
Review Date
Reviewed Item
TFXgo
Author Rating
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3 thoughts on “WARNING, TFXgo is an unauthorized broker

  1. The company address, found on their website, supposedly in Victoria, London SW1 is actually that of the Lithuanian Embassy! Their telephone number is from a Liverpool exchange some 100s of miles away….

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