CFD Merchants Review

About CFD Merchants

CFD Merchants (also styled CF Merchants Ltd / Commodity and Forex Merchants Limited) claims registration in multiple jurisdictions: incorporated in Saint Vincent & the Grenadines (SVG) under license number 24535/2018, based in Kingstown (), and authorized in the United Kingdom under license number 1092420 by Companies House, Cardiff, dated 21 August 2017 (). The broker promotes asset classes including forex, indices, CFDs, gold, silver, oil, bonds, and cryptocurrencies; offers multiple account types including ECN, Prime, Pro, Demo, and Islamic (swap-free); leverage up to 1:1000 reported by external observers; minimum deposit stated as US $10–50; and trading via MT4 platform according to third-party reviews ().

Independent sources find CFD Merchants is not regulated by any recognized financial authority: it is not listed in the registry of Luxembourg’s CSSF nor by the UK Financial Conduct Authority, CFTC/NFA in the US, or IIROC in Canada (). External reviews classify the broker as offshore and potentially a scam, citing false regulatory claims and dissolutions of company registrations (e.g. UK entity dissolved in January 2020; New Zealand registration removed since 2015) ().

Pros and cons

Pros

• Offers a wide range of asset classes (forex, indices, metals, commodities, bonds, crypto) and multiple account types including Islamic accounts ().
• Claims of segregated client accounts and negative balance protection ().

Cons

• No evidence of regulation by reputable financial authorities; claims of licensing (CSSF, UK Companies House) are misleading or unverifiable ().
• External reviews identify unresolved regulatory status and suggest high risk or scam characteristics ().
• Previous registrations in jurisdictions like UK and New Zealand are dissolved, reducing credibility of claims ().