Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalHolds no exchange, brokerage or crypto licence from the National Bank of Georgia; its only registration is a company number, now suspended, and it presents itself as a self-regulated exchange.
Identity & transparency
5/10 · ModerateA real, named Georgian company with a Tbilisi address, but the registration is suspended, the owners are not shown, and it lists a shared New York mailing address as an office.
Withdrawals & conduct
4/10 · ModerateNo specific, checkable withdrawal-theft complaints are tied to its own websites; only unconfirmed, generic concerns, so this stays low.
Reputation
5/10 · ModerateA thin independent footprint for a self-described global exchange, with poor standing and no verifiable positive track record.
Website claims
8/10 · CriticalOverstates its status by calling itself a self-regulated exchange and central counterparty modelled on CME and NYMEX, with a New York office and an unobtained 2016 money-transfer registration.
Operational history
3/10 · LowA genuinely long-standing brand (domain from 2006, exchange site from 2009), but now frozen around 2017 and apparently dormant.
Who they are
A quick desk file on the company behind the brand.
- Brand: CFX Prime (also CAUFEX / Caucasus Financial Exchange; trading platform branded S.M.A.R.T. HUBECN)
- Legal entity: JSC Caucasus Financial Exchange (the registered name for 206340663); the site also uses the trade name JSC CFX Prime / CFX Prime Clearing
- Registered: Nutsubidze Plateau 3, 1/4/55, Tbilisi 0183, Georgia (a 48 Wall Street, New York address is also listed as an IT office)
- Website: cfxclearing.com (also caufex.com, hubecn.com, hub.caufex.com)
- Only registration: Georgian company number 206340663 (status: suspended). No financial licence.
- Offers: FX, commodities, derivatives (CFDs) and crypto/Bitcoin trading, plus white-label platforms, liquidity, clearing and build-your-own-exchange services to other firms
- Not accepted: no regulated jurisdiction stands behind it; it presents itself as a self-regulated exchange
- Age claim: Founded 2009 (per the site); the oldest domain, caufex.com, was registered in 2006
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
National Agency of Public Registry (Georgia)
Why we reached this verdict
How the evidence adds up.
We rate CFX Prime high risk and unverified. It holds no licence we can confirm, its company registration is suspended, and it overstates its status by calling itself a self-regulated exchange. We did not find proof of theft tied to its own websites, so we stop short of calling it a confirmed scam.
- Unlicensed. The National Bank of Georgia regulates the securities market. Its registers list two licensed stock exchanges (Tbilisi and Georgian) and eleven brokerage companies. CFX / Caucasus Financial Exchange appears on none of them, and it is not a registered virtual asset provider either.
- Registration suspended. The National Agency of Public Registry shows registration 206340663 as suspended under Article 254. An operation that would hold client positions should be in good standing; this one is not.
- Misleading status claim. The site states the company is 'registered as an independent Exchange, with self-regulatory responsibilities'. A company registration is not an exchange licence, and self-declaring regulatory status does not make an operation supervised.
- Grand claims, thin reality. It describes itself as a premier global marketplace and central counterparty, lists a 48 Wall Street New York office (a shared mailing address), and says it was seeking a money-transfer registration in 2016 that it does not appear to have obtained.
- Dormant signals. The content is frozen around 2017 and the public sites are not currently served to visitors, so a new client cannot even assess what they would be joining.
Note on operating history: the 20.6-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The National Bank of Georgia lists only two licensed stock exchanges, the Tbilisi Stock Exchange and the Georgian Stock Exchange. CFX / Caucasus Financial Exchange is not licensed as an exchange.
StrongNational Bank of GeorgiaE2The National Bank of Georgia register of licensed brokerage companies lists eleven firms. CFX / Caucasus Financial Exchange is not among them. The separately listed Caucasus Capital Group is a different company, registration 205116943.
StrongNational Bank of GeorgiaE3Georgia's company registry lists JSC Caucasus Financial Exchange, registration 206340663, with its registration suspended under Article 254. The entity is not in good standing.
E4The company's own site states it is 'registered as an independent Exchange, with self-regulatory responsibilities' and calls itself the Caucasus Regional Electronic Financial Exchange. It names no financial regulator, because it holds no exchange or brokerage licence.
E5The CAUFEX / Caucasus Financial Exchange brand is long-standing: caufex.com was registered in 2006 and archived as a trading exchange from 2009, with cfxclearing.com added in 2016. This is an established identity, not a throwaway clone.
E6The site content is frozen around 2017, including a plan to seek a money-transfer registration in 2016 that does not appear to have been obtained, and the public pages are not currently served to visitors, so the operation appears largely dormant.
E7Regulator warnings for 'CFX Markets' (FCA, cfxmarkets.com), 'CFX Markets Global' (SEC, cfxmarketsglobal.com) and 'CFX Finance' (New Zealand FMA), and the Cash FX Group Ponzi case, all concern different companies with different websites, not cfxclearing.com or caufex.com.
ModerateFCA warning listE8No regulator warning names cfxclearing.com, caufex.com or hubecn.com, and there is no Trustpilot page for either main domain. For an operation that calls itself a global exchange, the near-absence of an independent footprint is itself notable.
WeakTrustpilot and regulator warning listsE9Alongside its Tbilisi address, the site lists an office at 48 Wall Street, New York, a well-known shared mailing address, which overstates the firm's physical presence.
E10The operation presents itself both as a trading exchange and central counterparty for FX, derivatives, CFDs and crypto, and as a vendor of white-label platforms, liquidity and build-your-own-exchange services. Acting as a trading venue or counterparty is activity that normally requires a licence.
ModerateCAUFEX website (archived)
The other side
The strongest case in this broker’s favour.
In fairness, several points work in the operation's favour, and we did not find the hallmarks of an active theft operation.
- A real, long-standing identity. This is not a throwaway clone. The CAUFEX / Caucasus Financial Exchange brand has existed since 2006 to 2009 under a genuine Georgian company with a real Tbilisi address and local phone numbers.
- No warning names it. No regulator warning, enforcement action or fraud-related court record names cfxclearing.com, caufex.com or hubecn.com. The FCA, SEC and New Zealand FMA warnings for 'CFX Markets', 'CFX Markets Global' and 'CFX Finance', and the Cash FX Group Ponzi case, all concern different companies with different websites.
- A real business-to-business angle. Much of the site sells trading technology, liquidity and clearing to other firms (white-label platforms, build-your-own-exchange). That part of the model does not, by itself, require a broker licence.
- No verified withdrawal-theft pattern. We found no specific, checkable complaints (amounts, dates, tickets) about blocked withdrawals tied to its own domains.
What would change this
What we would need to see to revise the verdict.
A few concrete findings would move this verdict in either direction.
- Toward higher risk: a regulator warning naming cfxclearing.com, caufex.com or hubecn.com, or several specific, checkable reports of clients unable to withdraw, would push this toward likely or confirmed scam.
- Toward lower risk: a genuine exchange or brokerage licence from the National Bank of Georgia (or another real regulator), with the entity in good standing, would change the regulatory picture.
- Clarity on the model: clear evidence that it only sells software and takes no client trading deposits would reclassify it as a technology vendor rather than a broker.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Georgia company registry (NAPR) record 206340663
The company record for Caucasus Financial Exchange; status shows as suspended.
National Bank of Georgia: licensed stock exchanges
Only the Tbilisi and Georgian stock exchanges are licensed; CFX is not listed.
National Bank of Georgia: licensed securities-market participants
Register of licensed brokerage companies; CFX is not listed.
National Bank of Georgia: registered virtual asset service providers
CFX is not a registered crypto or virtual-asset provider.
Frequently asked questions
Quick answers about this broker’s safety.
Is CFX Prime a scam?
We rate CFX Prime high risk and unverified. It is unregulated, its company registration is suspended, and it overstates its status by calling itself a self-regulated exchange. We did not find proof of theft tied to its own websites, so we do not label it a confirmed scam, but we would not recommend depositing.
Is CFX Prime a fraud?
We found no regulator warning, enforcement action or fraud-related court record naming cfxclearing.com or caufex.com, so we do not state that it commits fraud. What we can say is that it operates as a financial exchange without any licence and misstates its regulatory status, which we assess as a high risk to anyone who deposits.
Is CFX Prime regulated?
No. It is not on the National Bank of Georgia list of licensed stock exchanges or brokerage companies, and it is not a registered virtual asset provider. Its only registration is a company number, 206340663, which is currently suspended.
What is the National Bank of Georgia and does it license CFX?
The National Bank of Georgia is the country's financial regulator, including for the securities market. It licenses two stock exchanges and eleven brokerage companies. CFX / Caucasus Financial Exchange is not among them.
Can I withdraw my money from CFX Prime?
We cannot confirm reliable withdrawals. The operation is unregulated, its public sites are not currently served to visitors, and its content has not been updated for years. With no regulator behind it, there is no safety net if a withdrawal is refused.
Is my money safe with CFX Prime?
There is no client-money protection. The entity holds no licence, so client funds are not covered by any compensation scheme, and its company registration is suspended.
Who owns CFX Prime?
It is a Georgian joint-stock company, Caucasus Financial Exchange (registration 206340663), based in Tbilisi, that also trades as CFX Prime. The individual owners and directors are not shown on the public registry summary.
How old is CFX Prime?
The brand is long-standing: the CAUFEX domain was registered in 2006 and the site described itself as an exchange from 2009. The cfxclearing.com domain was added in 2016. The content, though, appears frozen around 2017.
Is CFX Prime a clone of another broker?
No. It has its own long-standing identity. Note that several unrelated firms share the 'CFX' name and some carry regulator warnings; those are different companies with different websites, not this operation.
What does a self-regulated exchange mean here?
It means the company declares its own rules and calls itself an exchange, without a licence from any financial regulator. Self-declared regulation is not supervision; a genuine exchange in Georgia must be licensed by the National Bank of Georgia.
What is S.M.A.R.T. HUBECN?
It is the name CFX gives its trading platform and the technology it sells to other firms, such as white-label platforms, liquidity and build-your-own-exchange services. It is marketing branding, not a licence or a regulator.
What should I check before depositing with any broker?
Confirm a real licence on the regulator's own register, match the exact website, look for independent reviews with specific details, and be wary of firms that call themselves an exchange or self-regulated without naming a supervising authority.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since September 30, 2026
- October 1, 2026CurrentHigh risk (unverified)60% risk
- September 30, 2026High risk (unverified)64% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
For anyone considering CFX Prime:
- Do not deposit. No regulator stands behind this operation, so there is no compensation scheme or ombudsman if money goes missing.
- Check the registers yourself. Search the National Bank of Georgia securities-market registers and the company registry (links below). You will not find a licence.
- Mind the name. Many unrelated firms use 'CFX'. Match the exact website (cfxclearing.com or caufex.com) before trusting anything you read about it.
- If you already deposited: contact your bank or card provider about a chargeback, keep all records, and report it to your local financial regulator.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 1, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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