cpfxtm.com is a scam: the foreign account in your own name

Please note: we are a law firm and we deal exclusively with online fraud cases. If you would like our help, you can contact us by filling in the form at the bottom of this article.

We have already handled this case and we can help people who fell into the same trap. cpfxtm.com is a scam, and this file contains the most insidious mechanism we have come across in this series: the transfers did not go to an unknown company, they went to an account held in the victim's own name, with a foreign IBAN. Eighty thousand euros.

cpfxtm.com and the account «in your own name»

The sentence he was told by the operators of cpfxtm.com is a simple one: to trade you need a dedicated account, we will open it for you, and it will be in your name. From that moment on, every transfer leaves his Italian account and arrives on a foreign IBAN bearing his own first and last name.

It is worth pausing on what this construction produces in the mind of the person paying, because it is the real engine of the fraud.

First: the sense of loss disappears. In the cpfxtm.com mechanism this is decisive. You are not giving money to a stranger, you are moving your own money to your own account. Nobody notices the moment when the money actually leaves.

Second: suspicion disappears when the bank raises a flag. If your bank queries a transfer abroad, the answer is ready: it is my account. And indeed the name matches.

Third, and this is the most serious point: the complaint disappears. Someone who believes the money is still theirs does not feel defrauded. They wait. In the cpfxtm.com file the fraud began in August 2026 and the last transfer is from these very days: there is still no criminal complaint, and contact is still open.

The question to put in writing to whoever holds the money

This is the useful part, and it applies to anyone in the same situation.

If cpfxtm.com, or a site like cpfxtm.com, had you pay into a foreign IBAN in your own name, that institution exists and has an address. Write to it yourself, directly, and put three questions in writing:

• does an account in my name exist with you?
• who opened it, when, and with which identity documents?
• send me the full statement of account and the current balance.

You are entitled to ask this also under European data protection law, which allows you to obtain the data processed in your name. Whatever answer you receive will be useful.

If the account really exists and is yours, you can demand access and, if there is a balance, its return: and your lawyer has a counterparty with an address, rather than a website that has vanished.

If the account is not yours — that is, if somebody used your documents to open it — the situation is different and more urgent: it means that a banking relationship abroad exists in your name, through which eighty thousand euros have passed. It must be declared immediately in the criminal complaint, because an account in your name through which money of unlawful origin flows is a problem that, if you do not report it yourself, arrives on its own.

If you receive no reply, that too is an element: an institution's failure to respond to a formal request is exactly the kind of circumstance on which a request for judicial enquiries is founded.

cpfxtm.com: a domain created for this campaign

We checked the technical data of cpfxtm.com in November 2026. The domain was registered on 20 August 2026 with a large United States registrar, for one year, and its configuration was completed some ten minutes later.

That date has to be placed next to the one in the file: the fraud began in August 2026. The domain did not pre-date the operation: it was bought for it.

The cpfxtm.com site answers from the Cloudflare network, which hides the real server address, and the domain has mail configured on a paid corporate service — which, as we have explained elsewhere, proves nothing: it is bought in five minutes with a card.

The licence cpfxtm.com claims (and which authorises nothing in Italy)

In its footer the site states that it operates under the trading name «Northwest Trust», an entity registered in the Union of the Comoros under number 16197, «authorised and regulated» by the Anjouan Offshore Finance Authority under licence L16197/NT.

That statement is more useful than an absence of information, because it can be checked. And this is what one finds.

The Central Bank of the Comoros has published a communiqué describing as «fictitious structures» the bodies claiming to issue licences to banks and financial institutions in the Union of the Comoros, naming the Anjouan authority among them; the Comorian Ministry of Finance republished it in December 2025. As far back as 2010 the International Monetary Fund had concluded that the offshore financial institutions created on those islands had been set up in breach of the Union's law.

But there is a point that comes before any discussion of that licence's validity, and it is decisive: no Comorian licence authorises anyone to offer investment services in Italy. To address the Italian public you need an authorisation from Consob, the Italian market regulator, or the European passport of a firm authorised in a Member State. cpfxtm.com has neither.

Offering investment services in Italy without one is the offence of unauthorised financial activity under article 166 of the Italian Consolidated Law on Finance.

Two numbers that settle it on their own

There are then two details on the pages of cpfxtm.com which, for anyone in Italy, are enough on their own.

The first is leverage of 1:485. In the European Union the maximum leverage that may be offered to a retail client on CFDs is 1:30 on major currency pairs, falling to 1:2 on crypto. This is not a matter of commercial style: it is a binding limit. Leverage of 1:485 offered to an Italian resident means that whoever offers it is outside European rules.

The second is the welcome bonus: the site promises 300,000 on the «Black» tier and 500,000 on the «Platinum» one. Incentives of this kind to retail CFD clients are prohibited in the European Union. An operator advertising them to an Italian audience is declaring, all by itself, that it is not authorised in Italy.

To these you may add the ladder of account tiers: €10,000 for the entry level, then 25,000, 100,000, 250,000, one million, two million. And at every step a dedicated «Account Manager». This is not a price list: it is the architecture of pressure. Every tier is a ready-made reason to ask for the next transfer.

The name: two letters in front of someone else's brand

There is a detail in the name that should not be overlooked. The last four letters of cpfxtm.com coincide with the brand of a real and well-known forex operator which has nothing whatsoever to do with this site and which is itself an injured party in this borrowing of its name.

It is the same technique as clone firms: you take a known brand, put two letters in front of it, and obtain a name that, to a careless search, looks like a local variant or a division of the group. It is not.

The practical rule is always the same: the name is not compared with what the site says, it is compared with the public register of authorised operators kept by Consob, the Italian market regulator, which also publishes the list of blocked websites.

The «webtrader» of cpfxtm.com proves nothing

The address he traded on was not the home page: it was a subdomain, webtrader. It is the same pattern as the earlier site, which we discuss in another article.

It is worth explaining, because it is the reason so many people trust these platforms. Platforms of this kind are not written by the fraudsters: they are professional licensed software, trading terminals that are rented and customised with a logo and a name. Real charts, orders that look real, an interface identical to that of regulated operators.

In other words: the quality of the platform says nothing about the honesty of whoever gave it to you. What counts is who holds the money, not how good the terminal looks.

He never tried to withdraw

In the cpfxtm.com file there is a detail that recurs often: the injured party never attempted a withdrawal. The balance on the screen was never put to the test.

If that is your situation, do one single thing, and it costs nothing: request the withdrawal of a small sum in writing, and keep the reply. Do not pay anything to obtain it — no tax, no commission, no paid verification. The reply you receive is evidence: a refusal, a demand for money or silence are worth far more in a criminal complaint than any screenshot of a balance.

What to do straight away

Make no further transfers, not even to the account bearing your own name.

Write to the foreign institution the three questions set out above, and keep proof of sending.

Ask your bank for the full traceability of every transfer: destination IBAN and account holder, receiving bank, country, date and time. And, for euro transfers made after 9 October 2025, the outcome of the verification of payee: if the name matched because it was yours, that fact matters, and it must be put in writing.

File the criminal complaint even if you believe the money is still yours. Eighty thousand euros in an account you do not control are not yours in any practical sense.

If you installed remote assistance software, reset or replace the device and declare it: articles 615-ter and 640-ter of the Italian criminal code come into play.

If you sent your identity card, say so in the complaint. Accounts are opened with a document.

Break off contact with anyone writing to you in the name of cpfxtm.com.

Similar cases we have handled

The pattern we have described for cpfxtm.com repeats under different names:

• horstman-group.com: two seconds to be born
• sharecreditsecuritieslimited.com: the clone of an authorised firm
• globalnbcfinance.com: the fake platform update
• megachaint.com: 110,000 euros in three waves
• coinupy.com: the domain that expires on 30 November 2026
• nftcapitals.com: the fake broker with no company

A warning that concerns us

We are aware that someone is telephoning defrauded people using the name of our firm. We never call on our own initiative, we do not telephone in the evening or at night, we do not use foreign numbers and we never ask for money over the phone. If you receive a call like that, hang up and write to us through the form on this site.

If it happened to you, write to us

If you paid money to cpfxtm.com, or if you were made to open a foreign account in your own name in order to «trade», fill in the form at the bottom of this page. Give the dates, the amounts, the country of the IBAN and whether you still have access to that account.

And if someone is telling you right now that your money is safe because the account is yours: that sentence is the fraud. We read every request and we reply.