BrokersView has Reviewed that Canfor is an Unregulated Forex Broker Canfor claims to be a wealthy and reliable broker under strict regulations in Canada. As per relevant law, all forex brokers in Canada should be regulated by the Investment Industry Regulatory Organization of Canada (IIROC). However, we did not find any match results for this broker in IIROC. Besides, Canfor claims it has branch offices in the United Kingdom, Cyprus, and Singapore. As per this information, we did search several authorities, including: 1) The UK Financial Conduct Authority (FCA); 2) The Cyprus Securities and Exchange Commission (CySEC); 3) The Monetary Authority of Singapore (MAS). But we did not find any match results for this broker in the above watchdogs' registries. The truth is, Canfor is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Is Canfor a trustworthy broker? Dear Investor, Canfor is not a reliable trading platform. It has not provided any regulatory information, merely listing an address in Saint Lucia. Although we did locate an entity named Canfor Global Limited in the Saint Lucia International Financial Centre (IFC) registry, please be advised that this only signifies its incorporation as an International Business Company (IBC) and does not mean it holds any valid broker licenses. The Saint Lucia IFC does not regulate forex trading, nor does it issue licenses to forex brokers. Therefore, Canfor is highly likely to operate without oversight from any regulatory authority, which poses a significant risk. We strongly advise you to avoid engaging in any transactions with this platform until it obtains a valid broker license. View Source

How can I get in touch with customer service? Canfor is not a licensed or regulated broker even though it states offers that look good to be true. Canfor claims to be a wealthy and reliable broker under strict regulations in Canada. As per relevant law, all forex brokers in Canada should be regulated by the Investment Industry Regulatory Organization of Canada (IIROC). However, we did not find any match results for this broker in IIROC.Besides, Canfor claims it has branch offices in the United Kingdom, Cyprus, and Singapore. As per this information, we did search several authorities, including:1) The UK Financial Conduct Authority (FCA);2) The Cyprus Securities and Exchange Commission (CySEC);3) The Monetary Authority of Singapore (MAS).But we did not find any match results for this broker in the above watchdogs' registries.The truth is, Canfor is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Canfor and trade with licensed brokers. View Source

Canfor black platform Black platform, the handling fee is too expensive, 50 usd per lot, there are spreads, and inventory fees. View Source