Cash Forex Group Review – Scam Broker That Conned Many Traders

What Cash FX Group is all about

The Cash Forex Group is managed by a company called CFxG. This company was allegedly founded by a group of experts in many areas, including network marketing and education in financial trading.

This expert and their automated trading system can supposedly help to make a lot of money. Trading is the only way to make 15% per week on your investments. Referral programs and multilevel structures can increase your income even further. Are you sure?

Cash Forex Group scam

Let’s begin this Cash Forex Group review with the obvious: this scheme is a complete scam. You just need to look at the numbers.

They promise 15%+ weekly which is 60%+ per month, which is completely absurd in real life. This is more than 28100% per annum (compounded monthly), which means that you would only need $3,559 dollars to become millionaire in a year. This is simply impossible.

A legitimate business cannot guarantee you a steady 15 percent weekly. Neither are financial markets that are so predictable or easy to trade. Although it may seem easy, it is not. The Cash FX Group scams people by promising a steady 15% weekly.

Non regulated

Cash Forex Group claims that it has partners that are regulated under the following institutions. FAC – Financial Conduct Authority of London; DFSA – Financial Services Authority Dubai; FSCA – Financial Sector Conduct Authority of South Africa; FSA Financial Services Authority of Seychelles.

While the FAC doesn’t exist, other regulators (DFSA, FSCA, and FSA) have not granted any license to Cash Forex Group. It is CashFX Group, which offers investment services (as verified by the FCA), that is in need of regulation.

It doesn’t have any license, so it can’t legally offer investment services in most countries.

They want you to make cryptocurrencies.

Warnings from regulators

The Financial Conduct Authority, a financial regulator in Great Britain, issued its own warning shortly after our analysis was published.

CashFX was providing investment services without authorization, according to the regulator. The regulator advised the public not to use it. This is a serious argument.

Later, Cash Forex Group was also added to the blacklists by regulators in Australia and New Zealand.

You will notice that even Panama’s regulator, where CashFX Group claims it is based, issued a warning about the company!

It is very risky to invest money in an unregulated, anonymous entity. Your money would not be secured. This program promises you unimaginable returns on your investments, regardless of where it ends up.

How it works

Let’s conclude this Cash Forex Group review with a description of the investment program’s basic principles. It’s a Ponzi scheme, which does not actually do any economic activity. It only collects money from people, and may pay out some profits. However, the deposits of its most recent clients will be used to fund this.

This will lead to an inevitable result: the system will eventually collapse. It’s only a matter time before there are not enough deposits to cover withdrawals. This will lead to an inevitable end.

What is a chargeback?

Chargebacks are a way for your bank to recover funds from the merchant. We recommend that you contact us immediately to begin the process. We will have a free consultation to discuss how we can recover your money right away!

Cash Forex Group: Video

Below you will find a short video about Cash Forex Group Trade. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Cash Forex Group!