CGFX, also known as Commercial Group FX, is an online trading broker that provides access to the popular MT5 platform. It offers a variety of trading instruments across different asset classes.
The company was originally established as Commercial Group for Trading in International Markets (CGTIM) in 1998 and was the first of its kind to be registered in the Hashemite Kingdom of Jordan. In 2011, CGTIM underwent rebranding and expansion efforts, leading to its current name, Commercial Group FX (CGFX).
Pros and Cons
Is CGFX Legit?
CGFX states that they have implemented safeguards such as Segregation of accounts, Banking relations, and secure technologies and services to protect their clients.
However, it is offshore regulated by the Financial Services Commission (FSC). Therefore, investing with CGFX carries a certain level of risk.
What Can I Trade on CGFX?
Account Type
CGFX offers three account types: CG-Plus, CG-PRO and CG Prime. Demo accounts, swap-free accounts are also offered.
Leverage
CGFX's leverage is capped at 1:400. Note that high leverage not only brings high profits but also high losses.
Spread and Commission
CGFX's spreads and commissions both vary by accounts.
Trading Platform
Deposit and Withdrawal
CGFX accepts deposits and withdrawals via Crypto, Perfect Money, Bank Transfer, SticPay, Local Banks, CGFX Card, Local Depositors, Whish Money, Khipu, PagoFacil, Rapipago, Boleto-Boleto, Lottery Pagamento, Wallet AME, DepositExpress, Wallet Paypal, Open finance, Wallet Picpay, РІХ, Credit Card, Bancolombia, Cash, Dale, Claro Pay, Daviplata, Efecty, Gana, Movii, Nequi, PSE, SuRed, CoDi, Rappipay, TPaga, OXXO Pay, OXXO, Todito cash, SPEI, Wallet MADA, Agora pay, BBVA, Bim, Interbank, izipayYA, Kontigo, Ligo,Mobile card, Plin, Scotiabank, Sodexo, Tunki, Tarjeta W, Wallet diners, Yape, M-Pesa, Eazy, ΜΤΝ, Airtel Money, Tigo Pesa, Zamtel, Halo Pesa, and Vodacom Mpesa.
Mauritius
FX3914249402
Bulgaria
Best brokerage company and Islamic account
Positive
Taraquan
United Kingdom
Very good presentation as always and informative. Good, friendly and helpful bunch of people. Very professional and appreciate the help they have always given me. Keep up the good work.
Positive
Jawaher
Turkey
Superior customer service, and one-on-one training that helped me a lot getting my trades set up properly on MT4. CGFX also offers same day withdrawals and deposits in Turkey.
Positive
Majeed2637
Jordan
I have been trading with CGFX for over 3 years now. They are my go to broker as I appreciate their on-point customer service and their super fast withdrawals and deposits.
Positive