If you are asking yourself whether CFsum is scam or a reliable Forex and Bitcoin broker, you should know that this website is an unregulated Estonian forex and CFD broker which offers crypto CFDs on a web-based trading platform.
Therefore, the broker does not actually have a license with an official financial regulator. This is a major setback, so if you are thinking of trading on CFsum you should definitely think twice and read this review first.
The good part about CFsum in this review is the fact that there are more than 60 crypto CFDs available, making this crypto broker popular among the masses. The variety is really huge and includes coins such as (by alphabetical order) Ardor, Bitcoin, Bitcoin Cash, Bytecoin, Monero, USD Tether, BitShares, Burstcoin, CLAMcoin, Civic, Ethereum, Dash, Decred, DigiByte, Ethereum Classic, Factom, GameCredits, Gas, Golem, Huntercoin, Lisk, Litecoin, MaidSafeCoin, NavCoin, Namecoin, Nxt, OmiseGO, OmniCoin, Pascal Coin, Peercoin, Augur, Steem Dollar, Storj, Stellar, StarCoin, Syscoin, Viacoin, Vertcoin, Counterparty, NEM, Primecoin, Ripple, Zcash and Ox.
The web based trading platform on CFsum shows that there are forex pairs too – almost 30 – and exotic currencies such as the Russian Ruble, South African Rand, Danish Krona, Norwegian Krone, Swedish Krona, Polish Zloty and Singapore Dollar. There are also CFDs on silver, platinum, gold, oil, coffee, stocks and 7 major indices.
Interested in trading on the crypto markets but not sure if CFsum is right for you? Make sure to visit our Bitcoin brokers list with reviews. The spreads are not bad on the platform (0,4 to 0,5 pips for EUR/USD) especially if there is no trading commission.
However, at the end of the day, CFsum is an unregulated broker which is why it raises some eyebrows and is not the best for users out there. The minimum initial investment to start trading with CFsum is $250 USD and this is in line with what most other brokers would ask users for.
nitinjain - July 11, 2019 @ 20:36
Thieves. Never do any transaction with them.
I have done SEPA payment of €2500 on 14th Feb 2018 and verified by my bank. They have sent the payment to their Estonia bank branch on 14th Feb only. Its 1st march today. 15 days gone. I raised more than 20 emails but no one even responded me back. Its the worst service and the worst site i have ever deal with. Never do any transaction to cfsum. They are thieves.
Giving one star, as there is no other way less than that to address my issue.
Thieves. Never do any transaction with them.
I have done SEPA payment of €2500 on 14th Feb 2018 and verified by my bank. They have sent the payment to their Estonia bank branch on 14th Feb only. Its 1st march today. 15 days gone. I raised more than
wes8723 - July 11, 2019 @ 20:38
Stay away from this company!! they will still your money!
madsbak - October 4, 2019 @ 04:59
It is not possible to withdraw money. No Costumer support. Money in limbo.
solitamarol - October 4, 2019 @ 05:00
not bad seirously company
duy - October 6, 2019 @ 16:58
Hi all,
I’m in the same boat as everyone here. The same story…cfsum got our money and we’re stuck in a loop. It’s unacceptable because cfsum is one of the largest Exchange on line for CryptoCurrency and they are holding our money hostage. What if I tell you that there’s something you can do to help bring awareness to the general public. Will you join me? Lets join force and make sure no one else will be in our situation. Lets shine a light on cfsum and make cfsum accountable for their action and prevent other people from falling victim to cfsum .
I’ve Twitted to the CEO of cfsum , Chanel 7 on your side from San Francisco, BBB Accredited Businesses in San Francisco.
Hi all,
I’m in the same boat as everyone here. The same story…cfsum got our money and we’re stuck in a loop. It’s unacceptable because cfsum is one of the largest Exchange on line for CryptoCurrency and they are holding our mo
petervanvoskuilen - October 10, 2019 @ 07:23
cfsum was really of great help when I could’t find things out myself!
emadhamdi - October 10, 2019 @ 07:24
Amazing assistance from cfsum, so helpful.
Thanks.
ashtonjackson - October 13, 2019 @ 06:32
Once again cfsum support team has become outstanding dealing with such a team makes everything easy , best broker , best support team lovely “ZACH” what great help thank you , you are pleasant and thats what makes you a great support in your team
Once again cfsum support team has become outstanding dealing with such a team makes everything easy , best broker , best support team lovely “ZACH” what great help thank you , you are pleasant and thats what makes you a great support in y
jayholland - October 13, 2019 @ 06:35
cfsum helped me straight away and was a pleasure to deal with!
ammarmeza - October 15, 2019 @ 16:16
actually im surprising with excellent customer support
sizwephelelani - October 15, 2019 @ 16:18
cfsum is the best broker. With fair spreads , leverage and mostly best customer service or client service. Few Minutes ago I was asking something through their live chat everything went so well.
We Appreciate cfsum. The honest broker.
festo - October 16, 2019 @ 13:18
I like your services
churchillmalesa - October 16, 2019 @ 13:19
quick service with helpful responses
yoelpenarodriguez - October 19, 2019 @ 08:42
the best customer service experience
vandersoncostabatista - October 19, 2019 @ 08:43
Very Good experience, Thanks !
dallas098 - October 20, 2019 @ 08:46
Great Service
Yep, so far i have no complaints, I can jump on the chat service and be getting my answers or problems fixed straight away, I would and have recommended cfsum to my friends if they want to get into trading 🙂
buddikasampath - October 20, 2019 @ 08:51
awesome friendly very helpful and fast online customer service.it is very fllexibility.true ecn broker.i can recommend cfsum broker all of my friends
james099 - October 20, 2019 @ 08:54
‘ve been with cfsum for years now, never looked at reviews since I signed up, but I’m quite shocked how many bad reviews they have. I see a lot of complaints about high spreads during news that lead to a stop-loss. I don’t know on what instruments this can be, but I haven’t noticed anything like that during the whole time. Except for a couple of minor issues with pricing over the years, everything has been fine so far. I would appreciate a little wider portfolio of instruments in futures contracts – like being able to trade bunds or treasuries, otherwise I cannot complain.
‘ve been with cfsum for years now, never looked at reviews since I signed up, but I’m quite shocked how many bad reviews they have. I see a lot of complaints about high spreads during news that lead to a stop-loss. I don’t know on w
saeadsaradat - October 23, 2019 @ 05:53
excellent
gurkan - October 23, 2019 @ 05:54
There is no islamic account with no swap and commision
aviapel - October 24, 2019 @ 16:23
most of the time all works well.
but you have disabled my account in the middle of a long term trade
once or twice.
i have suggested you to inform your clients before deactivating
working trade acconts and you didnt tell me if you will or not.
most of the time all works well.
but you have disabled my account in the middle of a long term trade
once or twice.
i have suggested you to inform your clients before deactivating
working trade acconts and you didnt tell me if you will or not.
muhammadaliraza - October 25, 2019 @ 16:25
spread are very good, market excution is great but have issues with your withdrawal . sometime funds stuck . also you changing so much with withdrawal methods
ronaldray - October 28, 2019 @ 13:57
cfsum is by far the best broker i used in terms of pricing. Their Razor account really worth for money and one of the cheapest comission fee. Depends on your broadband speed, and despite many rumors and myth bout the true ECN broker, i guess cfsum play fair as an ECN broker as they claim so. Not to mention their leverage stay the same for whatever lot (though nvr try it yet, but it said by one of their trading manager)
cfsum is by far the best broker i used in terms of pricing. Their Razor account really worth for money and one of the cheapest comission fee. Depends on your broadband speed, and despite many rumors and myth bout the true ECN broker, i guess cfsum pl
jayvierjaysonjaya - October 28, 2019 @ 13:58
Individual Stocks CFD
Love the ctrader platform,appreciate cfsum offering it.
If cfsum would offer individual stocks CFD, that would be amazing.
felipemiranda - October 29, 2019 @ 10:10
Excellent – no reservations, I would recommend this company to anyone.
laikuekpeow - October 29, 2019 @ 10:11
Much better than other MT4 brokers I’ve used – good execution, fast deposit, good customer support.
dionisramirez - October 31, 2019 @ 19:40
no reservations, I would recommend this company to anyone.
saifulbahrimusa - October 31, 2019 @ 19:42
Excellent and trusted. Recommended.
mdazmanhishamalrashidrobert - November 4, 2019 @ 05:25
Take profit level always done at better price.
brockjesse - November 4, 2019 @ 05:26
From my point of view
Commision is higher, islamic account increase spread, local deposit for Malaysia maximum is only $150, no local withdraw in Malaysia.
vincentyap - November 5, 2019 @ 10:23
Excellent platform, great support, transparent & easy fund management, quick trade executions.
Would gladly recommend it to my family and friends if they want to find the best broker!
wimpiewidjaja - November 5, 2019 @ 10:24
Safe, easy and fast to deposit and trade. Unfortunately it’s not easy to withdraw for my country except wiretransfer which is has a big amount of fee. Hopely it more asy to withdraw direct into my local bank as easy as deposit with no fee.
Safe, easy and fast to deposit and trade. Unfortunately it’s not easy to withdraw for my country except wiretransfer which is has a big amount of fee. Hopely it more asy to withdraw direct into my local bank as easy as deposit with no fee.
olga - November 9, 2019 @ 22:20
Excellent
Really excellent!
alam - November 9, 2019 @ 22:21
Excellent broker
I have been with cfsum for almost 5 years now. They have been reliable in all aspects. I say this comparing other brokers.
azzam - November 10, 2019 @ 13:17
withe the big Number of non trusted FX dealer cfsum is very trusted
saad14 - November 10, 2019 @ 13:19
The only thing I don’t like with this company is that demo accounts expire quickly, the company should understand as other companies do that traders need long term demo accounts that they can trial new trading ideas on. cfsum do allow you to set up a very limited number of non-expiring demo accounts, but the process is annoying. And it’s easy to forget if an account you set up has non-expiry on it or not.
The only thing I don’t like with this company is that demo accounts expire quickly, the company should understand as other companies do that traders need long term demo accounts that they can trial new trading ideas on. cfsum do allow you to se
alex423 - November 11, 2019 @ 10:44
So far every request has been handled with great speed and response rate. I still have not tried to withdraw cash, but account opening, administration and general trading experience is positive.
muhammadsyamsurrizal - November 11, 2019 @ 18:42
No matter when we open the transaction, it’s always same.
jaroslaw - November 13, 2019 @ 21:24
perfect in every aspect
sainudin - November 13, 2019 @ 21:25
It could be better if cfsum Edge-04 server do not malfunction once every 2 months. It is causing my trading. I AM EXPERIENCING IT NOW FROM 6AM TILL 3PM, AND IT IS ON-GOING. I STILL CANNOT LOGIN INTO MY LIVE ACC AT PEPPERSTONE EDGE-04 SERVER. PLEASE HELP.
It could be better if cfsum Edge-04 server do not malfunction once every 2 months. It is causing my trading. I AM EXPERIENCING IT NOW FROM 6AM TILL 3PM, AND IT IS ON-GOING. I STILL CANNOT LOGIN INTO MY LIVE ACC AT PEPPERSTONE EDGE-04 SERVER. PLEASE H
ong - November 17, 2019 @ 23:27
Pros:
– Good price feeds
– Live customer support well staffed and quick.
– Transparent information of who is providing their liquidity and such on the website.
– ASIC regulated
Cons:
– Weird customer service irregularities like not informing me about change in account managers, not so fast replies for non trading questions.
– Not so many securities to trade, but it’s common for an ECN
Pros:
– Good price feeds
– Live customer support well staffed and quick.
– Transparent information of who is providing their liquidity and such on the website.
– ASIC regulated
Cons:
– Weird customer service irregulariti
stemarras - November 21, 2019 @ 11:37
Nice platform
nicholascarn - November 21, 2019 @ 17:36
Very easy to use and understand for new traders..
todd321 - November 22, 2019 @ 09:39
Easy to use platform and making a deposit is a breeze I love it thanks!
ong098 - November 22, 2019 @ 09:40
Pros:
– Good price feeds
– Live customer support well staffed and quick.
– Transparent information of who is providing their liquidity and such on the website.
– ASIC regulated
Cons:
– Weird customer service irregularities like not informing me about change in account managers, not so fast replies for non trading questions.
– Not so many securities to trade, but it’s common for an ECN
Pros:
– Good price feeds
– Live customer support well staffed and quick.
– Transparent information of who is providing their liquidity and such on the website.
– ASIC regulated
Cons:
– Weird customer service irregulariti
evie6 - December 15, 2019 @ 21:07
The demo really gives you an idea about spread betting, how it works and a feel and style of how you want to trade.
nazmulhossain - February 17, 2020 @ 21:04
This is a dogy company. I had a problem with a credit transaction which they received from my account but they did not added and credit with my trading Account even they agreed with it.but when i ask them to sort it out insted of help they gave me notice to terminate my trading Account in two weeks and close all my open positionswhere i had two running open position with big loss and i closed then with big loss. I will request all not to do trading with this compan. It’s a dogy company
This is a dogy company. I had a problem with a credit transaction which they received from my account but they did not added and credit with my trading Account even they agreed with it.but when i ask them to sort it out insted of help they gave me no
annettepinchen - February 17, 2020 @ 21:04
Great thanks
imsungsoon - May 21, 2020 @ 10:08
Thank you for your kind service.Thanks…
I haven’t settled my coin withdrawal yet, but thanks for your prompt reply.
I hope the w3coin withdrawal is settled soon.
I wish the cfsum prosperity.
Thanks…,
hopnguyen - May 22, 2020 @ 10:09
I enjoyed the safe cfsum trust,
Beautiful interface, easy to use special transaction fee is very low
lancejohansen - July 26, 2020 @ 11:29
SCAM ALERT!!!!!!!! Trash trash trash platform!!!!! I withdrew 2300 dollars and it has be 72 hours with no reply or response. I can’t believe platforms that are scams are allowed to exist and ruin crypto adoption for the whole world. Guaranteed won’t even get reached out to from this review. SCAM ALERT!!!!!!!!
SCAM ALERT!!!!!!!! Trash trash trash platform!!!!! I withdrew 2300 dollars and it has be 72 hours with no reply or response. I can’t believe platforms that are scams are allowed to exist and ruin crypto adoption for the whole world. Guaranteed won�
albert - July 26, 2020 @ 18:27
For caller voise
simonaskaar - August 8, 2020 @ 15:29
Really great and easy service use. Highly secured.
xhevdetshala - August 8, 2020 @ 15:30
I was very satisfied till now, but i noticed that from now on there will be 1.2% + 3.5€ fee also for VISA card withdrawal, this was not the case till now?
CFsum , why did you do this?
Other than this, i would give you 5 stars.
Kerstel - August 16, 2020 @ 11:02
It’s a total lie
Logern - August 16, 2020 @ 13:03
basically non existent
Rotern - August 16, 2020 @ 15:04
I mean it’s kind of boring
Sikel - August 16, 2020 @ 16:06
Prime!
RiGel - August 16, 2020 @ 16:07
unacceptable behavior, ignorant!!!
Herselni - August 24, 2020 @ 07:11
non existent, total scam
Restorens - August 24, 2020 @ 16:15
DON’T CHOOSE THIS BULLSHIT
Tornes - August 24, 2020 @ 22:13
Very simple platform and easy to use!
Voivol - September 11, 2020 @ 18:14
Not worth at all to risk your funds
Jesinde - September 12, 2020 @ 18:12
Don’t believe a word this platform says
Tornod - September 27, 2020 @ 07:11
stay away from it
Gogo - September 27, 2020 @ 11:12
this is not a good platform, i don’t even think it is regulated
Gilermo - September 27, 2020 @ 11:13
This Platform is so easy to use and simple I don’t know why would someone pay so much when this has it all
Boslek - September 27, 2020 @ 19:14
Just right for me
Notsel - October 12, 2020 @ 09:41
good for nothing
Dinka - October 12, 2020 @ 11:38
Invest now and withdraw profit in 7days
carodozo - October 12, 2020 @ 11:39
I was scared I won’t be able to withdraw but it’s false just got my withdrawal
KARA - October 12, 2020 @ 11:41
Unilaterally changing the terms of agreement, freezing my funds and not replying to my emails. Really bad customer service. Beware.
MAxMEr - October 12, 2020 @ 15:40
Had a bad experience here,wasn’t easy for me until I met an expert
Jeffris - November 1, 2020 @ 13:32
Went out their way to send me a link to a page so that i can visually see all the actual task that i needed to do
Customs - November 11, 2020 @ 13:28
Best Trading Platform!!… Well-done.
Daves - November 11, 2020 @ 13:29
Lots of negative reviews, but I’ve had an account here for 2 years and they have always been good to me.
Gersl - November 11, 2020 @ 13:30
I appreciate the reminders and always having the time to catch up on customers
Komsi - November 11, 2020 @ 13:31
Grateful for the follow up. It would be great to learn more with you and see if there are new opportunities to learn more about all investments. Greetings.
EmadElden - November 12, 2020 @ 18:19
Sehr gut.
Service gut
Support gut
Epicus - November 12, 2020 @ 18:20
Excellent service ,this has certainly improved over the last 6 months.As it turned out my issue was of my causing but the online staff answered me with speed and courtesy.
DanSen - November 12, 2020 @ 18:21
very helpful
Henzz - November 12, 2020 @ 18:22
Struggled as a first time buyer.
Dougse - November 12, 2020 @ 18:23
Needed a little help navigating in the web site to find something – engaged the chat support and it was very quick and useful.
RakiKaki - December 25, 2020 @ 08:06
I was completely rescued by richardbrunoholtz At aol.com
after I lost to unregulated scam broker
Dorasi - December 25, 2020 @ 12:09
Bounced back within a short period of time because Mrs. Linda was able to help me reclaim everything they looted from me in the past and now she’s the one handling all my trade without any issues since she started helping me I have been so relaxed and so happy with my daily returns
Bounced back within a short period of time because Mrs. Linda was able to help me reclaim everything they looted from me in the past and now she’s the one handling all my trade without any issues since she started helping me I have been so relaxed
HAslus - December 25, 2020 @ 14:04
I am customer since more than 3 years, opened several tickets, never got a response. How is that possible? To be honest, I don’t know what to do, maybe say that my account has been compromised to get their attention?
Avstil - December 25, 2020 @ 16:08
Service is absolutely rubbish, in fact, there’s no service or support. If something happens you will probably lose your money.
MRDitt - December 25, 2020 @ 19:05
DONT
JUST DONT
YOU WILL GET LOCKED IN A VERIFICATION LOOP
NIGHTMARE
FUNDS FROZEN
Rikkiechie - December 25, 2020 @ 19:07
Support is hard but the webiste really has it all
Jaiden - December 25, 2020 @ 21:04
Because they takes much time and I have to call to customer service to ask why my is no deposit to my account . Fake and Scam site, then l contacted
Grusti - December 25, 2020 @ 21:10
It looks flashy and intuitive but takes literally days to get going. If you’re looking for quick exchanges and transfers this is not the platform to use.
Rijp - December 26, 2020 @ 09:11
All was fine and dandy until I started transferring my assets to my hard wallet.
thomas23 - January 11, 2021 @ 22:26
I was charged 5000 USD on coin base for a payment I didn’t make
After numerous mails i sent to them to correct the error, I’ve only been getting bot replies with no regards to my actual problem. After 3 weeks with no solution
WebDen - January 11, 2021 @ 22:28
Don’t trust cfsum you will not see your money again.
Just look on here or Reddit /r/cfsum /
or any media source to see they just don’t care about their customers.
Tvoisam - January 15, 2021 @ 12:01
slow, confusing and scammy
Somen - January 15, 2021 @ 12:03
It’s fine for starters
AFterslow - January 16, 2021 @ 12:02
i support it, it’s great
Glows - January 16, 2021 @ 12:04
My FAV!
Kralo - January 16, 2021 @ 12:04
It’s just ridiculous how people wnat to make money here
Ivaksi - April 2, 2021 @ 12:48
The way they relate shows they are only after you making profit. I am making tangible and steady profits with the bitcoin I invested with them.
Bradless - May 5, 2021 @ 11:03
I had no knowledge, about bitcoin trading, and that cost me a lot like losing money, to scammers, and having companies, like this trying to hold my withdrawal. I had opened, and account with them before and funded, it with over one btc but I got no profit and when I tried, to withdraw, they locked, my account and denied, my transactions. Each time I tried, to contact, them they redirected me.
I had no knowledge, about bitcoin trading, and that cost me a lot like losing money, to scammers, and having companies, like this trying to hold my withdrawal. I had opened, and account with them before and funded, it with over one btc but I got no p
Cestem - May 19, 2021 @ 18:50
have spoken with staff on a few occasions regarding addition of certain stocks and the general reply is “we will look into it” with no feedback.
Otherwise a great app and easily to navigate.
Frutis - May 20, 2021 @ 18:51
Too much overnight charge, big margin, Its like a game
Ihimi - July 7, 2021 @ 10:45
It is not only nice but also a safe crypto currency trading apps for trader. I trade here frequently from last month. From my experience I can say that it is nice.
Khaemi - July 8, 2021 @ 11:46
great crypto platform. Very easy to use even for beginners like myself. I appreciate the team for this and look forward to more deals with them
ImZlo - July 9, 2021 @ 12:52
exellent super trade master of the best trades in the world. I can’t believe that i can trade on this site.
AAnga - July 11, 2021 @ 09:53
Nice project
Customer149 - July 19, 2021 @ 16:03
So far so well…
ManuelR - July 20, 2021 @ 14:04
Excelente app para traders.
EdCat - July 20, 2021 @ 23:05
Lowest commissions among retail brokers. No problems and delays on withdrawal.
Maziar - August 7, 2021 @ 15:38
The support team was so quick and helpful.
ChrisYeap - August 8, 2021 @ 20:38
Thank you for your concise answer to my problem.
Hiose - August 22, 2021 @ 19:54
Very good customer’s service and also the most complete education training !
Zetki - August 23, 2021 @ 20:55
I cant withdraw my money. Customer service existed before i wanted to withdraw my money, another scam.
Haktani - September 5, 2021 @ 18:25
You really damage the cryptocurrency and blockchain industrie’s reputation with this SCAM-like behavior.
Patariti - September 6, 2021 @ 17:26
This Exchange dont even deserve one star.
cFuka - November 15, 2021 @ 21:52
i am highly satisfied and would definitely recommend to anyone in the cryptocurrency trading field. it’s truly amazing!
Eneje - November 15, 2021 @ 23:51
one of the best centralized exchanges i’ve used. the fees are standard and there is a trusted process.