Score
CREDIT FINANCIER INVEST
Cyprus
2-5 years
Investment Advisory License|
Common Financial Service License|
Company Registration|
Suspicious Overrun|
Medium potential risk|
Offshore Regulated
https://cfifinancial.com/en
Website
Influence
A
Influence Index NO.1
Jordan 7.78
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Licenses
CYSECRegulated
Investment Advisory License
FCARegulated
Investment Advisory License
DFSAOver-Operation
Common Financial Service License
FSCOver-Operation
Common Financial Service License
FSCAOver-Operation
Common Financial Service License
FSAOver-Operation
Company Registration
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6Common Financial Service License goes beyond their business with the United Arab Emirates DFSA license (License No.: F003933), please be aware of the risk!
Common Financial Service License goes beyond their business with the Mauritius FSC license (License No.: Unreleased), please be aware of the risk!
Company Registration goes beyond their business with the Seychelles FSA license (License No.: Unreleased), please be aware of the risk!
Cyprus
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| Aspect | Information |
|---|---|
| Company Name | CFI |
| Registered Country/Area | Cyprus |
| Founded year | 2019 |
| Regulatory Authority | Cayman Islands Monetary Authority (CYSEC) |
| Numbers of Cryptocurrencies Available | Over 100 |
| Payment Methods | Bank transfer, credit/debit card |
| Customer Support | 24/7 live chat support, email |
Overview of CFI
CFI, an acronym for Cayman Islands-based cryptocurrency exchange, provides a platform for users to trade a diverse range of digital currencies. Established in 2019, CFI is regulated by CYSEC. With 3 cryptocurrencies available for trading, users have ample options to diversify their investment portfolios.Users can easily deposit funds through bank transfers or credit/debit cards. Moreover, the exchange offers reliable customer support with round-the-clock live chat assistance and email support.
Pros and Cons
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|---|---|
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CFI Exchange Pros:
- Responsive Customer Support: CFI offers 24/7 live chat and email customer support, ensuring that clients can receive assistance whenever they need it. This can be beneficial for addressing any issues or concerns promptly.
- Regulated by CYSEC: CFI is authorized and regulated by the Cyprus Securities and Exchange Commission under license number 179/12. The CySEC regulation gives Credit Financier Invest the right to provide cross-border services to other members of the European Economic Area.
CFI Exchange Cons:
- Limited cryptos available for trading: If you are specifically interested in trading a wide variety of cryptocurrencies, CFI may have limitations in terms of the range of cryptocurrencies available for trading.
- Relatively new exchange, lacking a long track record: CFI was established in 2019, making it a relatively new exchange in the cryptocurrency market. Some users may prefer exchanges with a longer track record and established reputation in the industry.
Regulatory Authority
CFI, trading under the name Credit Financier Invest (CFI) Ltd, is regulated by the Cyprus Securities and Exchange Commission (CYSEC). The regulatory number assigned to CFI is 179/12. As per the information provided, CFI holds an Investment Advisory License. This confirms that CFI operates within the legal framework established by the Cyprus Securities and Exchange Commission and demonstrates its commitment to regulatory compliance and oversight.
Security
CFI takes measures to secure its users' funds and personal information. The exchange implements various measures to protect against unauthorized access and potential cyber threats. These security measures may include the use of encryption technology to safeguard sensitive data, regular security audits and assessments, and the implementation of strong authentication procedures. Additionally, CFI stores the majority of user funds in cold storage wallets, which are offline and less susceptible to hacking attempts. It is important for users to also take their own security precautions, such as enabling two-factor authentication and using strong passwords, to further enhance the security of their accounts.
Cryptocurrencies Available
CFI offers users access to three kinds of cryptocurrencies for trading including Bitcoin, Ethereum and Litecoin.
Bitcoin (BTC): The first and most well-known cryptocurrency, often referred to as digital gold.
Litecoin (LTC): A peer-to-peer cryptocurrency that aims to provide fast and low-cost transactions.
Ethereum (ETH): A decentralized platform that enables the creation of smart contracts and decentralized applications (dApps).
How to Open an Account？
The registration process for CFI typically consists of the following steps:
1. Visit the CFI website and click on the “Sign Up” or “Register” button to initiate the registration process.
2. Provide the required personal information, including your full name, email address, and a secure password.
3. Verify your email address by clicking on the verification link sent to your registered email.
4. Complete the KYC (Know Your Customer) verification process by submitting a copy of your identification documents, such as a passport or driver's license, and proof of address.
5. Wait for the verification process to be completed by the CFI team, which may take a few hours or a few business days.
6. Once your account is verified, you can log in and start trading on the CFI platform.
Fees
CFI offers free account opening and deposits, making the process quick and easy for their customers. They also provide swap free accounts and charge 0% commission on all markets.CFI ensures that there are no ticketing fees or commission per trade on their zero commission account and stocks CFDs. This means that clients can trade without incurring any additional charges. Moreover, CFI offers ultra-competitive trading conditions, starting from zero pips on major currency pairs like EURUSD and GBPUSD, as well as other items.
Payment Methods
CFI provides users with multiple payment methods for depositing funds, including bank transfers and credit/debit cards. The processing time for these payment methods varies depending on the user's bank and the chosen payment provider. Generally, bank transfers may take a few business days to be processed, while credit/debit card deposits are typically instant.
Deposite Instruction
| Deposit method | Maximum deposit amount | Minimum deposit amount | Fees |
| Bank wire | unlimited | no minimum | CFI Cyprus does not apply any fees, charges are up to the corresponding Bank used |
| SafeCharge (Visa and Mastercard) | $10,000 * week | no minimum | 4 % of the value of the transaction |
| Neteller | Within 1 hour of receiving deposit (except on weekends) | no minimum | 3 % of the value of the transaction |
| Skrill | Within 1 hour of receiving deposit (except on weekends) | no minimum | 4 % of the value of the transaction |
Withdrawal Instruction
| Withdrawal method | Minimum withdrawal amount | Time frame | Fees** |
| Wire transfer | No Minimum | 2-5 working days depending on your correspondent bank | A 25 Euros or $25 fee will be charged for transfers made in Euros or US Dollars, based on the transaction currency. |
| Visa and Mastercard | No Minimum | 2-10 working days | 4% of transaction value |
| Neteller | No Minimum | If < $1,000 1 day If > $1,000 10 days | 3% of transaction value |
| Skrill | No Minimum | If < $1,000 1 day If > $1,000 10 days | 4% of transaction value |
Is CFI a Good Exchange for You？
Experienced traders who are well-versed in cryptocurrency trading and are looking for a platform with a diverse selection of digital assets may find CFI suitable.
Newcomers to the cryptocurrency market may also find CFI appealing due to its user-friendly interface and broad range of cryptocurrency options. The platform may provide a suitable starting point for individuals who are looking to enter the world of cryptocurrency trading.
FAQs
Q: Is CFI regulated？
A: Yes. It is regulated by CYSEC.
Q: Which cryptocurrencies are available to trade with CFI？
A: Bitcoin, Ethereum and Litecoin.
Q: Can I deposit/withdraw funds using cryptocurrencies？
A: For now, CFI does not allow funding or withdrawal using any cryptocurrencies.
User Review
User 1: “CFI provides solid security measures, which is important to me as a crypto trader. I feel confident knowing that my funds and personal information are protected. The regulation is also a plus, as it adds an extra layer of trust. The interface is user-friendly and easy to navigate, making it a breeze to trade. However, I do wish there were more cryptocurrency options available for trading. Customer support has been helpful whenever I had questions, and the trading fees are reasonable. Overall, CFI is a reliable exchange that meets my needs.”
User 2: “I am impressed with the liquidity on CFI. It's always easy to find buyers and sellers for my trades, which allows for quick transactions. The range of cryptocurrencies available is extensive, giving me plenty of options to explore. Customer support has been responsive and helpful whenever I needed assistance. However, the trading fees can be a bit high, especially for frequent traders. The deposit and withdrawal speed is satisfactory, with funds being processed in a timely manner. I have not experienced any issues with exchange stability so far. CFI has been a solid choice for me.”
Risk Warning
Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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