Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalNo financial licence anywhere: absent from the National Bank of Georgia's brokerage, stock exchange and virtual asset registers, with a business-registry number and self-declared self-regulation offered in its place. It fabricates no licence number and wears no other firm's credentials, which is why this is not a 10.
Identity & transparency
6/10 · HighThe entity is real and traceable on the Georgian state register at a disclosed Tbilisi address with published phones and emails, but it misstates its own registered name, names no directors, publishes no financial statements, lists a virtual New York address and has dead placeholder social links.
Withdrawals & conduct
3/10 · LowZero fund-integrity complaints across five platforms in 17 years: no refused withdrawal, no frozen account, no demand for a fee to release funds. Not scored lower only because there is too little verifiable client activity to call it affirmatively clean.
Reputation
7/10 · HighNo complaints, but no positive footprint either: no Trustpilot profile, no Forex Peace Army page, no forum or platform presence, and one aggregator comment in four years. A firm claiming 17 years as an exchange should leave a trace.
Website claims
7/10 · HighPresents a company registration as a regulatory framework, ranks itself beside CME, CBOT, NYMEX and COMEX, promises 100 percent transparency and safety of client funds it does not itself hold, and still advertises a money-transmission registration it said it was seeking in June 2016. The founding-year claim, by contrast, is true.
Operational history
4/10 · ModerateContinuous archive presence under the CAUFEX name since September 2009 on a domain registered in 2006, which genuinely supports the advertised age. Marked up because the operating company could not be dated on the registry and the operation now appears dormant, with no page served since April 2025.
Who they are
A quick desk file on the company behind the brand.
- Brand: CFX Prime, trading as CFX Prime Clearing. Earlier the same operation traded as CAUFEX.
- Legal entity: JSC Caucasus Financial Exchange, Georgian identification code 206340663, legal form joint stock company. Registration status on the Georgian register: suspended.
- Registered: Nutsubidze Plateau 3, 1/4/55, Tbilisi 0183, Georgia. A second address at 48 Wall Street, New York is listed as an IT representative office; that building is a serviced and virtual office centre.
- Website: cfxclearing.com. The same operation also uses caufex.com (its email and document domain) and hubecn.com (its platform product site).
- Only licence: none. No financial authority in any country licenses or supervises this firm. The company cites a business-registry number and self-regulatory responsibilities instead.
- Offers: FX, commodities, derivatives and Bitcoin trading through its own order-matching platform and an MT4 front end, plus business-to-business products: MT4 white labels, FIX API liquidity, and turn-key exchange builds for other firms.
- Not accepted: no restricted-country list is published anywhere on the site.
- Age claim: founded 2009. The public record supports this, which is unusual and counts in the firm's favour.
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.
Two findings drive the score, and one pulls against it.
- There is no financial supervision, and a company registration is offered in its place. The company's own regulations page states that Joint Stock Company CFX Prime is registered as an independent Exchange, with self-regulatory responsibilities, and lists its business-registry number. It then places itself beside CME, CBOT, NYMEX and COMEX as a peer self-regulated exchange. In Georgia, running a stock exchange or a brokerage requires a licence from the National Bank of Georgia. The National Bank publishes complete lists: 11 licensed brokerage companies and two licensed stock exchanges. Neither list contains this company or its identification code, and it is not on the register of virtual asset service providers either, despite the platform advertising Bitcoin trading and physical delivery. A registry number confers no capital requirement, no client-money segregation rule, no compensation scheme and no complaints body.
- The company's registration is suspended. Georgia required every company registered before 2022 to bring its registered data into compliance with the new Law on Entrepreneurs by 1 April 2026. The National Agency of Public Registry states that a company which misses that deadline has its registration suspended and no longer receives an extract. This company missed it. A suspension is not cosmetic: it restricts the representative power of the company's officers and its rights to dispose of property, to take part in tax operations, and to manage or open a bank account. An entity under those restrictions is in no position to hold or move anyone's money.
- Pulling the other way, the history is real. caufex.com was registered in February 2006 and has an unbroken run of archived snapshots from September 2009 onward, showing JSC CAUFEX operating as the Caucasus Financial Exchange. Most operations we rate at this level are advertising a past they cannot evidence. This one is not. The figure is an upper bound, though: the Georgian register stops issuing extracts for a suspended company, so the incorporation date is not available from the public record and the age rests on the domain trail alone.
Why we stopped short of calling it a scam. A scam verdict needs positive evidence of deception or of client money going missing, and neither is present. The firm fabricates no licence number, wears no other company's credentials, and impersonates no one. No regulator anywhere has issued a warning naming cfxclearing.com, caufex.com, JSC Caucasus Financial Exchange or code 206340663. Across Trustpilot, Forex Peace Army, Reddit, MQL5, an independent site checker and a third-party broker directory, we found not one report of a refused withdrawal, a frozen account or a demand for a fee to release funds. There is no bonus trap, no account-manager funnel, no messenger-only contact channel and no crypto-only cashier. What we have is an unsupervised, self-declared exchange whose corporate standing has lapsed and whose platform has gone quiet. That is high risk, and it is unverified. It is not a demonstrated scam.
Where the 64 percent comes from. Weighting regulation and identity double, the six scored dimensions average 6.4 out of 10. No evidence floor applies: there is no hard finding, no misuse of another firm's identity, no advance-fee report, and no predecessor carrying a regulator action. The number is what the evidence supports, no more.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Georgian business register, searched by the identification code the company publishes on its own site, returns JSC Caucasus Financial Exchange, a joint stock company, with its registration status recorded as suspended under Article 254 of the Law on Entrepreneurs.
E2The National Bank of Georgia publishes the complete list of licensed brokerage companies in Georgia, 11 firms in total. Neither CFX Prime, nor JSC Caucasus Financial Exchange, nor identification code 206340663 appears on it.
E3The company's own regulations page states that Joint Stock Company CFX Prime is registered as an independent Exchange with self-regulatory responsibilities, places itself beside CME, CBOT, NYMEX and COMEX, and says it was seeking a money transmission registration in June of 2016. No regulator is named anywhere on the site.
E4Georgia's registry states that a company which failed to bring its registered data into compliance by 1 April 2026 has its registration suspended and no longer receives an extract. The suspension restricts the officers' representative power and the company's rights to dispose of property, take part in tax operations and manage or open a bank account.
E5Georgia licenses exactly two stock exchanges, JSC Tbilisi Stock Exchange and JSC Georgian Stock Exchange. A firm describing itself as an independent electronic commodities and derivatives exchange in Georgia is on neither.
E6Crypto services in Georgia require registration with the National Bank as a virtual asset service provider. The platform advertises Bitcoin trading, a crypto exchange and physical Bitcoin delivery, and the company holds no such registration.
E7The operation's oldest domain, caufex.com, was registered on 8 February 2006 through Network Solutions and remains renewed to February 2027.
ModerateVerisign RDAP registry recordE8Archived pages from September 2009 show JSC CAUFEX operating from caufex.com as an exchange for futures, derivatives, spot currencies and contracts for difference, with the exchange acting as central counterparty. This supports the advertised 2009 founding date.
E9The main domain cfxclearing.com was registered on 22 December 2016, seven years after the claimed founding, which is consistent with a rebrand of the older CAUFEX operation rather than a new business.
ModerateVerisign RDAP registry recordE10The public archive holds no captured page for cfxclearing.com after early April 2025. Taken with the site no longer serving its pages to visitors and a demo trading server that does not answer, the operation appears to have stopped trading.
E11Georgia's public financial-reporting portal, where Georgian companies publish their financial statements, returns no filings for identification code 206340663. A control search on a licensed Georgian broker's code returns its entry, so the portal itself answers.
E12A secondary lead suggesting a Labuan approval does not hold. The full Labuan list of digital financial service providers, and the Labuan money-broking list, contain no CFX entity in the alphabetical position where one would appear, between Canterbury Services Limited and CGCX Ltd.
E13Warnings that mention the CFX letters belong to other companies. The FCA warning for CFX Markets names www.cfxmarkets.com and a London address, first published in June 2013. It has no connection to cfxclearing.com or the Georgian entity, and its record is excluded from this assessment.
E14An independent website checker holds a profile for cfxclearing.com with no user reviews or comments at all and records very low visitor traffic. This corroborates a near-absent public footprint for a firm advertising 17 years of exchange operations.
E15A third-party broker directory whose entry publishes the same website, company name, Tbilisi address and phone number records no forex trading licence for this firm and carries a single user comment, from December 2022, about the website looking odd. No complaint about money appears.
WeakA third-party broker directoryE16The second address the company publishes, 48 Wall Street in New York, described as an IT representative office, is a serviced and virtual office building offering mail handling and a business address from about 99 dollars a month.
The other side
The strongest case in this broker’s favour.
The fairest case for CFX Prime, and what we did to test it:
- It may never have been a retail broker at all. Read closely, most of the site sells technology to other firms: build your own ECN, an MT4 white label registered under your entity name, FIX API liquidity, a turn-key exchange in 72 hours. On client money it says segregated accounts are provided by CFX Prime Clearing Members, which puts custody on its members rather than on itself. A technology vendor and membership exchange needs no brokerage licence in the way a deposit-taking broker does. We could not settle this either way: the site also offers individual membership with a trading terminal, and it stated it was seeking a facility to let members make electronic direct deposits to their accounts, which implies it did not have one. Because the pages no longer load, the deposit side cannot be ruled out, and we do not give a firm the benefit of a doubt we cannot close.
- It does not lie about its licences. This deserves saying plainly. The overwhelming majority of unlicensed brokers we examine display a real regulator's logo and a licence number belonging to somebody else. This one displays no regulator at all. Its regulatory claim is weak and misleading, but it is not a forgery, and that is a meaningful distinction.
- It does not lie about its age. The 2009 founding claim is correct, evidenced by a continuous archive trail under the CAUFEX name and a domain registered in 2006.
- We looked for a licence elsewhere and reported the result honestly. A secondary lead suggested a Labuan approval for a CFX Prime Clearing Corporation. We checked the Labuan digital financial services list and the Labuan money-broking list in full; there is no CFX entity on either, in the alphabetical position where one would sit. A similarly named Cambodian company registration also surfaced, but nothing ties it to this Georgian operation, so we have not attributed it here, and Cambodia's regulator licenses no CFX Prime Clearing.
- Other firms share the CFX name, and their records are not this firm's. New Zealand's FMA has warned about cfxfinance.com and three associated sites. The FCA has warned about CFX Markets at www.cfxmarkets.com and about CFX Stock Trading at www.cfxstockmkt.com, and about Cash FX Group. None of those warnings names cfxclearing.com, caufex.com or the Georgian entity, and we have deliberately kept every one of them out of this assessment. Search results routinely blend them together; they are separate operations.
- The suspension may be paperwork rather than collapse. Thousands of Georgian companies missed the compliance deadline, and registration is restored as soon as the filing is made. On its own the suspension proves administrative neglect, not wrongdoing. It matters here because of what it restricts while it lasts, and because it arrives alongside a dark website and a silent trading server.
What would change this
What we would need to see to revise the verdict.
Concrete things that would move this assessment, in either direction:
- Toward safer: a licence for JSC Caucasus Financial Exchange, or for whatever entity now contracts with clients, appearing on the National Bank of Georgia's list of licensed brokerage companies or licensed stock exchanges.
- Toward safer: the Georgian register showing the registration restored to active, with the company's data brought into compliance and an extract available again.
- Toward safer: the site returning with a named board, audited accounts, a published client-money arrangement naming the bank or custodian, and a working verify link to a regulator's own register.
- Toward safer: credible, specific reports from members who deposited and were paid out, on platforms independent of the firm.
- Toward worse: any regulator warning or enforcement notice naming cfxclearing.com, caufex.com, JSC Caucasus Financial Exchange or identification code 206340663. That single item would move this to a scam-leaning verdict.
- Toward worse: two or more specific, independent accounts of money going in and not coming back, with amounts and dates. One credible demand for an extra payment before funds are released would be enough on its own.
- Toward worse: the brand reappearing on a new domain with the same platform and no explanation of what happened to existing members, or the entity being struck off rather than merely suspended.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Georgian business register entry for identification code 206340663
The state record: registered company name, legal form and the suspended registration status.
National Bank of Georgia: licensed brokerage companies
Georgia's complete list of authorised brokers. This operation is not on it.
National Bank of Georgia: licensed stock exchanges
Georgia licenses only two stock exchanges, and this is not one of them.
National Bank of Georgia: virtual asset service providers
Crypto services in Georgia require registration here; the platform advertises Bitcoin trading without it.
National Agency of Public Registry: the compliance deadline and what suspension means
Georgia's registry explains that companies missing the 1 April 2026 deadline have their registration suspended.
The company's own regulations page, archived March 2025
Where the self-regulation claim, the registry number and the 2009 founding claim appear.
The same operation trading as CAUFEX in 2009
Evidence that the advertised 2009 founding date is genuine.
FCA warning: CFX Markets, www.cfxmarkets.com
A different, unrelated firm that shares the CFX brand word. Do not confuse the two.
Frequently asked questions
Quick answers about this broker’s safety.
Is CFX Prime a scam?
We did not find evidence that it is. No regulator has warned about it, no enforcement action names it, and across five platforms we found no report of anyone losing money to it. What we did find is that it holds no financial licence at all and that its Georgian company registration is suspended. We rate it high risk at 64 percent and would not deposit with it.
Is CFX Prime a fraud?
We found no evidence of fraud. There is no regulator warning, no enforcement action and no fraud-related court record naming JSC Caucasus Financial Exchange, cfxclearing.com or caufex.com. The firm also fabricates no licence number and impersonates no other company. Our concern is the complete absence of supervision, not proven wrongdoing.
Is CFX Prime regulated?
No. No financial authority in any country licenses or supervises it. The company publishes a Georgian business-registry number, 206340663, and describes itself as an independent exchange with self-regulatory responsibilities. That is a company registration plus a claim about itself, not regulation.
Who regulates brokers in Georgia, and is CFX Prime on that list?
The National Bank of Georgia. It publishes the complete list of licensed brokerage companies, currently 11 firms, and of licensed stock exchanges, currently two. CFX Prime and JSC Caucasus Financial Exchange appear on neither list, and identification code 206340663 appears on neither. The firm is also absent from the register of virtual asset service providers.
What does self-regulated exchange actually mean here?
It means the company wrote its own rulebook and appointed its own board to enforce it. Nobody outside the company checks whether those rules are followed. The site compares itself to CME, CBOT, NYMEX and COMEX, but those exchanges answer to a national regulator with the power to fine and shut them down. This one does not.
Is the company legally registered?
Yes, and we confirmed it on the Georgian state register. The entity is JSC Caucasus Financial Exchange, identification code 206340663, a joint stock company. Note that the registered name is not the brand name: the site says Joint Stock Company CFX Prime is registered under that number, but the register records Caucasus Financial Exchange.
What does a suspended registration mean?
Georgia required every company registered before 2022 to update its registered data by 1 April 2026. Companies that missed the deadline had their registration suspended. While suspended, the register issues no extract, and the company's officers lose representative power while its rights to dispose of property, take part in tax operations and manage or open a bank account are restricted. It can be lifted by making the filing.
Can I withdraw my money from CFX Prime?
We cannot tell you that it will work. We found no reports of refused withdrawals, but we also found no reports of successful ones, and the firm's own material puts client funds with its clearing members rather than with itself. Given that the platform is not responding and the company's bank-account rights are restricted, request everything back in writing now and keep the records.
Is the CFX Prime website working?
No. cfxclearing.com and caufex.com no longer serve their pages to visitors, and no archived copy has been captured since April 2025. The demo trading server does not respond. The site copyright line is frozen at 2017. The operation looks dormant.
How old is CFX Prime?
The operation dates to 2009, and unusually for a firm in this risk band, that claim checks out. The caufex.com domain was registered in February 2006 and has archived pages from September 2009 showing JSC CAUFEX running as the Caucasus Financial Exchange. The cfxclearing.com domain followed in December 2016. Because the Georgian register issues no extract for a suspended company, the incorporation date is not on the public record, so treat roughly 20 years as an upper bound.
Are there complaints about CFX Prime?
Almost nothing, in either direction. There is no Trustpilot profile for cfxclearing.com and no Forex Peace Army review page. An independent site checker holds no user reviews. A third-party broker directory carries a single comment from December 2022, about the website looking odd, with no mention of money. For a firm advertising 17 years as an exchange and clearing house, that near-total silence is itself a warning sign.
Is CFX Prime the same as CFX Finance, CFX Markets or Cash FX Group?
No. Those are separate operations that happen to share the CFX letters. New Zealand's FMA warned about cfxfinance.com, and the FCA has warned about www.cfxmarkets.com, www.cfxstockmkt.com and Cash FX Group. None of those warnings names cfxclearing.com, caufex.com or the Georgian company, and we have kept their records entirely out of this assessment.
Is my money protected if something goes wrong?
No. Without a licence there is no client-money segregation rule, no minimum capital requirement, no compensation scheme and no ombudsman to appeal to. The site says segregated accounts are provided by its clearing members, which means the protection depends on whichever member holds the account, and that member is not named.
What should I do if I already sent money to CFX Prime?
Put a full withdrawal request in writing and keep every reply. Contact your bank or card issuer immediately about a chargeback or payment recall, since those schemes have deadlines. Report it to the National Bank of Georgia and the Financial Monitoring Service of Georgia, and to the regulator where you live. Never pay a fee, tax or unlock charge to release funds, and ignore anyone offering paid recovery.
What should I check before depositing with any broker?
Find the licence number on the regulator's own register, not on the broker's website. Check that the exact company name on that licence is the company your money is actually paid to. Check the licence is active and covers dealing, not just advice. Then look for real client accounts of withdrawals being paid. If any of those four checks fails, keep your money.
What we recommend
The practical takeaway from everything above.
What we would do in a reader's position:
- Do not send money. There is no supervisor to complain to, no compensation scheme, no client-money rule and no ombudsman. The company that would hold the contract currently has its rights to manage a bank account restricted.
- If you already have funds or an open position, act now and in writing. Request a full withdrawal by email to the addresses the firm publishes, keep every reply, and record amounts, dates and reference numbers. Do not pay any further fee, tax, insurance or verification charge that is presented as a condition of release; a genuine payout never requires one.
- If a card or bank transfer was used, ask your provider about a chargeback or recall straight away. These schemes run on tight deadlines and the clock started when you paid.
- Report it where it counts. Georgia's financial supervisor is the National Bank of Georgia, and the Financial Monitoring Service of Georgia handles financial-crime reports. Also report to the regulator in your own country of residence.
- Ignore anyone who contacts you offering to recover the money for a fee. Recovery offers target people who have already lost once, and the fee is the product.
- Before depositing anywhere else, check the licence at the regulator's own register, not on the broker's site. Confirm the exact company name on the licence is the company your money is paid to.
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 September 30, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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