Cash FX Group Review – Is Cash FX Group Regulated?
CashfxGroup Com Review, Cash FX Group is a broker that originates in Panama- an offshore jurisdiction. that poorly regulates its financial sector. This is why your funds are not safe with this trading platform!
The company claims to offer trading education and an actual trading platform. However, they are not regulated and do not have any customer protection measures in place.
What is Cash FX Group?
Cash FX Group is a network marketing business. That offers returns on investment (ROI) and referral commissions. The company promotes a trading academy that allows investors to deposit funds. which is managed by a team of ‘expert traders’ who promise high passive returns.
The website promotes many deposit options. allowing participants to invest any amount they choose. Investors can then earn ROI on the amounts they have invested, with a maximum of 200% or 400%.
However, Cash FX Group does not present proof of registration. Its licenses to offer financial services. This makes it a risky business and should not be joined without checking its legal status.
The company accepts payments via crypto-assets, making it difficult to trace. It is important to note that there are no legal protections for consumers. Consumers can transfer money through this method. The best option is to avoid using this type of payment method.
How does it Work?
CFX is a multi-tiered ad hoc network of 20,000+ members from over 100 countries. Among the company’s many accomplishments is an impressive eLearning Academy. which features a whopping 5 training modules. All these have been validated by live professional traders to be worth their salt. Cash FX Group is a well-funded operation. which utilizes proprietary technology to generate trading and investment results. The ad hoc network has a slick interface and is a pleasure to work with. The company has a number of illuminating features and benefits. Which includes a high level of transparency. a strong commitment to integrity and a no-hassle money-back guarantee. Despite this, some members have found themselves out of pocket. Due to shady dealings with the company’s execs.
Is it a Scam?
Cash FX Group is a forex broker that is based in Panama. An offshore jurisdiction that does not properly regulate its financial sector. It also doesn’t care about the safety of its traders’ funds, which is why it’s blacklisted in Europe.
This is why it’s important to do your research before you invest with an unregulated company, such as Cash FX Group. You need to know if they are licensed, regulated, and whether or not they have scammers who steal your funds.
It’s also important to consider the fact that they don’t offer many funding methods. And they only accept crypto-assets, which is a serious red flag. Since these payments are made through cryptocurrencies. Consumers do not have as much protection when it comes to tracing money. It’s therefore highly recommended to avoid this trading platform altogether.
Is it Regulated?
Whether or not Cash FX Group is regulated depends on the country it is based in. For example, it is not regulated in the Bahamas.
The UK regulator FCA has issued an official warning about the company. Stating that it does not hold any regulatory approvals in Britain and should be avoided by all investors. Several other financial regulatory bodies, including the Bahamas and Panama. They have also issued warnings on Cash FX Group.
The website of Cash FX Group predominantly promotes a ‘Trading Academy’ with various deposit plans. which the site claims will be allocated to a trading pool. managed by a team of in-house ‘expert traders’ guaranteeing high passive returns. It also claims that you can earn returns of more than 20% per month on your investments.