Reported as a scam / unregulated
Why Canfor is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.