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The Cash Forex Group is run by a company named CFxG which allegedly was founded by a team of experts in all sorts of areas, mainly education in the financial trading field and network marketing.
These experts and their automated trading system will supposedly help you to make lots of money. In trading only you can allegedly make 15% weekly on your investments. Then there are referral programs and multi-level structures that can boost your income even more. Is that true?
Let’s start this Cash Forex Group review by stating the obvious, this scheme is a total scam, you just have to look at the numbers.
When they promise you 15%+ weekly, it means 60%+ monthly, which is totally ridiculous in the real world. It means more than 5600% per year, so you would need only $18,000 dollars to become a millionaire within year. And this is plain impossible.
No legitimate business can make you a steady 15% weekly, no financial markets are that predictable and that easy to trade. It might seem simple to you, but it really is this straightforward, a program promising 15% weekly must be a scam, there is no other way, the Cash FX Group is a scam.
The Cash Forex Group claims to be regulated by the following institutions: FAC – Financial Conduct Authority of London, DFSA – Financial Services Authority in Dubai, FSCA – Financial Sector Conduct Authority of South Africa and FSA – the Financial Services Authority of Seychelles.
But guess what, the FAC does not even exist, while the others (DFSA, FSCA and FSA) have not issued any license whatsoever to Cash Forex Group. So not only Cash FX Group is not regulated at all, it also is lying big time about its regulatory status.
The reality is that it has no license whatsoever, so it cannot offer investment services legally in most countries.
This is also why they want you to deposit cryptocurrencies, they want to stay as anonymous as possible, so that they can run away with your money.
Not long after we published our analysis, the Financial Conduct Authority (financial regulator in Great Britain) came up with its own warning.
The regulator said that CashFX is providing investment services without the necessary authorization and advised the public to stay away from it. This is a very serious argument.
It would be very unwise to deposit money with an unregulated and basically anonymous entity, because it would not be protected in any way. No matter where the money ends up, this program is promising you impossible returns on investments, which in itself confirms that something is wrong.
Let’s finish this Cash Forex Group review by explaining the basic principle of this investment program. It is a Ponzi scheme that does no real economic activity. It just collects money from people and might pay out some profits, but the latest clients’ deposits will be used for that.
This will have an inevitable outcome, the system will sooner or later crumble. It is just a matter of time when there will be not enough deposits to cover withdrawals and the inevitable end will follow.
The Cash Forex Group is a brutal scam that is going to collapse. It is not regulated, stay away from it!
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View Comments
Be careful! This page is SCAM!!!
As soon as I requested payout my account was suspended and I could not log in anymore.
total nonsens what you write.. CFX has between 4-6 % weekly profits and this is absolutely normal in professional FOREX Trading. Who says 15 % this is absolutely rubbish.
YOU ARE SCAM and YOU must be deleted from the platform
finally what is happening to it? it will end up taking investors money
This platform are thieves they made me invest a huge sum of money which I did, I made the first withdrawal and was unable to make more withdraw; and when I contacted them and they were not responding. But I was able to make withdrawal with the help of the ic3 go to scamquery site you will see other complainants and how they were able to access there funds.
not true, its is another scam, do not fall for it, once your money is gone forget it and move on, if you go anywhere else dey will still scam you again
Please,who is the owner of Xima Fx in Port Harcourt and Warri
We will make research on that
I invested a total of $75,000.00USD worth of Bitcoin with an online company who does trading and was guaranteed a payout of 25% a week. They ended up shutting down their company website but their website was still running. So I could still see my dashboard at that time and instead of paying weekly they ended up compounding my money. It ended up compounding to $179,000USD so I requested for a withdrawal which was declined before they shutdown their website
Hello everyone,
You lie when you say cfx promie 15% per week.. They never did. They said the maximum was 15%. That is not the same.
Ok sir
It’s was so untrue to me at the end when I found out that all this they were waiting for me to pile up all my fund so they can scam me all my money. I almost lost everything to them.
Sorry
I got cheated $25k worth of bitcoin to CashFx broker company after paying several fees to get my funds off that platform, I came across an article online about a fund recovery company whom I got in contact with, in nothing less than 96hrs I got my funds recovered back to my wallet account with the help of this site….>>expert apex refund<< and I would advise anyone who got ripped to get in contact with them for a refund immediately.
Lies
I was scammed. Getting my money back was successful with the help of russellgerald910@gmail.com, kindly contact him if you are having issues withdrawing your money from your investment company.
Losing money on the internet is all too common these days, and I don't see why anyone should be ashamed to admit it. The frightening thing is that anyone can become a victim, regardless of intelligence. The good news is that there are recovery agencies that can help you get your money back; all you have to do is phone one that is reliable. I went online to look for help after losing money, and I came upon an article about victims' optimism. You can reach out to them by email (Trustworth at consultant . com). I decided to give them a chance, and I was pleasantly surprised by how professional and dedicated they were to getting all of my money back.
Reach out to rapid responder dot net to get back every penny. this platform is full of lies