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CHLFX
New Zealand|5-10 years| http://www.chlfx.com/
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CHL GROUP LIMITED
CHLFX
New Zealand
Pyramid scheme complaint
Expose
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The United KingdomFCA regulation (license number: 719546) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
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CHLFX · Company Summary
https://www.wikifx.com/en/dealer/6421726361.htmlNote: CHLFX's official website: https://CHLFX.live/ is currently inaccessible normally.
CHLFX Information
CHLFX was registered by Coindesk Trading Capital Advisors Corporation, in New Zealand. CHLFX's regulation is suspicious, we can trade through MT4 and contact by email at service@chlfx.com.
Is CHLFX. Legit？
 | Financial Conduct Authority(FCA) |
| Current Status | Suspicious Clone |
| Regulated by | United Kingdom |
| License Type | Investment Advisory License |
| License No. | 719546 |
| Licensed Institution | Clayton Farm Machinery Limited |
CLF claims to be regulated by the Financial Conduct Authority(FCA) in the United Kingdom. However, according to the FCA, its current status is “Suspicious Clone.”
When dealing with CLF, caution is advised to ensure financial security and regulatory compliance.
Downsides of CHLFX
- Lack of Transparency
CHLFX needs more transparency, which would help evaluate their operating conditions and risk levels.
- Limited information
CHLFX's information is entirely restricted, which results in customers being unaware of potential costs, leading to financial loss.
- Leakage Risks
Inadequate information security measures at the broker make the client's personal and financial information vulnerable to leakage or attack.
Negative CHLFX Reviews on WikiFX
On WikiFX, “exposure” is information users pass on by word of mouth.
Clients must review the information and assess the risk before trading, especially for unregulated platforms. You can consult our platform for details. The client can find trader-related comments in our “Exposure” section, where our team will try our best to resolve any issues.
There was only one piece of CHLFX exposure in total.
Exposure 1. fraud
| Classification | Someone abuses the user when he refuses the invest |
| Date | 2018-06-11 |
| Post Country | Hong Kong |
The user said that he was added by someone to invest. When he refused, he was abused. You may visit: https://www.wikifx.com/en/comments/detail/208064674411878.html .
Conclusion
Trading on Coindesk carries numerous risks and issues. Firstly, it is not regulated, posing legal risks for investors. Furthermore, the platform does not provide any contacts, which cannot guarantee the quality of service. Lastly, the lack of transparency can lead to investors losing their money.
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