CU-CFC Review – Fraud Known To None

Fake Forex dealers often have a habit of saying they’re the world’s leading brokerage services providers, suitable for every trader out there, regardless of their level of expertise. It’s easy to be pretentious and arrogant in a desperate attempt to deceive beginners, but we’re here to prevent that. 

This CU-CFC review exposes this unscrupulous project and reveals the basic scam mechanisms in the core of each such scheme.

Proof of License – None!

Transparency is one of the mandatory conditions to be respected when a broker obtains their Tier 1 license. That’s why reputable online trading firms provide detailed insight into their company information, background and legal stance. This fraudster doesn’t – first red flag.

Second source of concern is definitely the fact that there’s simply no way to determine who owns and runs this business, so we couldn’t even provide ground for a thorough investigation. We had no other choice but to look through the registers of FINMA first because legal docs state their jurisdiction to be Switzerland. After that, we also went through the databases of BaFin, FCA, NFA, ASIC and CNMV but found nothing.

Another unregulated deceptive platform for online price speculation is SafeCaps. The firm operates similarly and also displays fraudulent intentions, that’s why no fund safety, compensation plans and negative balance insurance are provided.

Predators From Basement

The website traffic reveals these countries to be the key source of victims for extorting money from:

• United States
• Australia
• Singapore
• Canada
• New Zealand

It apparently has been so ever since the company first set their foot into the digital trading world in August, 2023. Just because the website is relatively new, do not underestimate their convincing powers and ability to lie and deceive for the purpose of robbing you blind. 

Since we do not know the owners of the conduct, this website could as well be their tenth attempt at organizing a fake brokerage scheme.

Forex and CFD providers that only wish to steal money and make a run for it employ sweet talking boiler room agents to persuade their targets easier. Do not fall for it though – as soon as you make a deposit, you’ll become their financial hostage. 

Trading Terms Locked Out

Companies under strict regulatory supervision are obligated to publicly post their basic trading terms and conditions, along with the price tags for each package. This cannot be seen on this simplistic and glitchy website, which carefully conceals all of these details behind the account creation restriction. 

What makes matters worse is the fact that legal documents also provide zero insight into the fee structure and other trading conditions. Values like leverage, spreads, fees and commissions are not known in the slightest and are subject to the swindler’s fickleness. 

Features Unavailable

Testing or just exploring the particularities of the offer is not quite possible. Not without an account that you cannot create without an invitation code. That means that only handpicked victims get to see what there really is on the website. That includes the access to the trading area, platform and instruments, as well.

Risky Software Download

Whenever you cannot access the trading terminal on a website, be sure that something is wrong. Not only can you not even preview the software on this web presentation, but you can only download it from a questionable source.

If the download file was safe, it would have been in the app stores, not on a broker’s own suspicious server. So please refrain from accepting anonymous files with no guarantee of safety. These are often corrupted and bear malware that is used to access your personal data and gain remote control over your device!

Range of Assets

First and foremost, we can neither confirm nor deny the presence of the products advertised on the website. 

The broker promises most popular instruments across all world markets, but that may as well be another carefully thought-through lie as there’s no way to verify the claims. One chart is found on the homepage and these asset groups are shown on it:

• Forex (EUR/USD, EUR/GBP, USD/CAD)
• Commodity (Wheat, Sugar, Coffee, Gold)
• Index (Dax, Dow Jones, Nasdaq, FTSE)
• Crypto (BTC, ETH, LTC, XRP)

Over Demanding Account Creation

Any account details are omitted from the site, including the features and prices. Registering for an account on this trading portal is complicated to say the least. After providing your email or phone you get a verification code. However, you can’t pass further without an Invite code. 

That means the fraudsters manage to get your contact details even if you don’t sign up! This strategy enables the cyber criminals to get their hands on your personal info and can then start their predatory games with victims.  

Untraceable Transfers

The SSL protection and two factor authentication can be deceptively reassuring that transfers on here are done with utmost care and safety. However, that couldn’t be further from the real state of things. 

Just like the fictitious trading conditions, the firm owners don’t refrain from claiming that their payment system is the fastest and safest in the industry. If, at that, you only see crypto methods for deposits and withdrawals, you know the fabrications serve to cover up the predatory intentions. 

Bot As Support

Since there’s no other way to try and contact the platform owners, we had to resort to the alleged live chat. However, this feature has nothing to do with chat options on popular and operational crypto sites. 

Chat can be used even by non-members but it literally does nothing to help you. The bot only repeats the single sentence of “How Can I Help You?” whatever you ask of them. Even blacklisted brokers like Crypto-Guider have gone an extra mile and provided better support options. Not like that justifies their vicious intentions, though.

Defrauded? Here’s What You Can Do

As soon as you start suspecting your broker of choice is being pushy and secretive, while demanding of you to invest large sums and then denying payouts, you should seek help. 

First and foremost, criminals need to be reported to the local authorities. After that, our legal experts and chargeback professionals are at your service. Book your free consultation via the online chat!

FAQ Section