CFX Review (Cash FX Group)
If you are searching on the web trying to find a CFX review worth your attention, this is the page you should focus on. Also known as the Cash FX Group, Global CFX Trading, and the CFxG, the CFX broker is headquartered in Ruderting, Germany, and was founded in 2008. It is regulated under the BaFin authority and offers a variety of tradable assets. However, as many of the CFX reviews online show, this trading company is not a trustworthy one to invest in or consider.
There are plenty of reasons for that. For starters, most of the users share that they had a terrible experience with CFX. Their CFX trading reviews online indicate that once the broker collected their money, they were no longer needed. Before we come to the actual verdict about CFX, let’s dig into some of the main features behind this trading platform.
CFX Trading Reviews: Is The Platform Legitimate?
The Cash Forex Group is a company that is run by a bigger company named CFxG which was founded by a team of experts in many areas, from education in the financial training field to actual network marketing. The experts claim that their automated trading system will help users make lots of money – up to 15% weekly on any investments. There are also some referral programs and multi-level structures that are meant to boost your online income.
Cash Forex Group (CFX): Scam Alert – Don’t Trust This Broker And Its Impossible Returns
As you can read above, the CFX review clearly says that the scheme is a total scam and all you need to do to figure that out is look at some numbers. The trading platform promises 15% weekly and 50% monthly, which is utterly impossible in the real world. The CFX profits do not make sense and add up to 5,600% in a year frame, which is where we locate the first signal indicating that Cash FX Group is a scam.
Additionally, the CFX trading review shows that Cash Forex Group claims to be regulated by the:
- Financial Conduct Authority (FAC) of London
- Financial Services Authority (FSA) in Dubai
- Financial Sector Conduct Authority (FSCA) in South Africa, and
- Financial Services Authority (FSA) of Seychelles
All of this is a lie – the FAC of London doesn’t exist, and many CFX reviews approve that the company is a total scam. The company is lying about its regulatory status, so you don’t even need to visit regulations and try to find it online – most of these don’t even exist. The reality and what is written in many CFX trading reviews is that Cash FX Group doesn’t have any licenses, which is why it cannot offer investment services in many countries. That is exactly why the scam CFX wants you to deposit crypto – so they can steal your cryptocurrency and disappear.
CFX Trading Review: No Regulation – Stay Away From This Broker
The fact that CFX is a scam was even confirmed by the Financial Conduct Authority (FCA) in Great Britain, which came up with an official warning against Cash FX Group. It indicated that the company is providing investment services without any authorization and advised the public to stay away from it.
Depositing money to this trading platform would only be a red flag and something you should not do. The risk of losing your money with CFX is very big, and the impossible returns that the program is promising clearly indicate that something is wrong.
The Truth About Cash FX Group (Global CFX Trading) – It’s A Scam
You shouldn’t be an experienced broker to realize that the Global CFX Trading platform is a scam. You don’t even need to research a lot – the ridiculous returns offered by the company (10% to 35%) are something that is not real and impossible. This is just basic economics, and if it were true, there would be millionaires on each corner of the street.
White the website interface looks like CFX is a trusted broker, many have doubts about the company and everything it has to offer. The emails look shady and not really helpful for novices. Even though they claim they are regulated, the company is a scam and clearly among the brokers that are making money from users’ money into what looks like a sort of pyramid (Ponzi) scheme.
Many users also claim that withdrawals through Cash FX Broker are not possible – the general opinion and CFX trading review is that the platform ignores withdrawals and does not give its users plenty of ways to take out their money. No matter if the market is slow or fast, the company rarely gets back to its users.
So, Is Cash FX Group A Scam?
Yes, CFX is a scam. No matter which name (Cash FX Group, Global CFX Trading, and the CFxG) you encounter, you should know that this company is unregulated, offers false returns, and will likely steal your crypto without providing anything in return.
Cash FX Group
You don't need to be an experienced broker to realize that the Global CFX Trading platform is a scam. You don’t even need to research a lot – the ridiculous returns offered by the company (10% to 35%) are something that is not real and impossible. This is just basic economics, and if it were true, there would be millionaires on each corner of the street.
- Nice looking website
- Plenty of trading options
- Easy deposit method
- Unrealistic returns of 10% weekly, up to 50% monthly
- You can't withdraw
- Not regulated anywhere (despite its claims)
- A huge scam with plenty of negative CFX reviews online
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