Cash Forex Group Review: About Cash Forex Group
Cash Forex Group is registered in China and exhibits characteristics of a potentially fraudulent broker, lacking any substantial, credible regulation, and operating for a relatively brief period of no more than 5 years. Regrettably, our research did not yield any further comprehensive information regarding this broker on the internet. In light of this limited information, it is advisable to exercise caution and refrain from engaging with a broker of such limited transparency and information availability.
Website – https://www.cashfxgroup.com/
Address – RBS Tower – Ave. Balboa, Ramón H. Jurado St, 9th floor, Punta Paitilla, Panama.
Warning – Financial Conduct Authority (United Kingdom)
Regulation – Unregulated, blacklisted
Domain Age –
|Date Registered||March 04, 2019|
|Domain Age||4 years, 7 months, 13 days, 21 hours, 9 minutes|
Is Cash Forex Group legit or a scam?
The platform has failed to furnish any regulatory information, exposing you to the potential of dealing with unregulated enterprises promising investment returns. Company owners also face the looming threat of criminal prosecution for their unlawful operations, in violation of established guidelines. Unregulated platforms tend to operate in defiance of the prescribed regulations, and numerous countries have enacted laws to safeguard their citizens from fraudulent practices, which must be adhered to.
Cash Forex Group Review: Warnings issued against Cash Forex Group
Cash FX Group has drawn the attention of regulatory authorities in Norway, the United Kingdom, the Bahamas, Panama, and five Canadian regulatory bodies, who have either issued warnings about the company or included it on their investor caution lists.
According to the FCA authority, “We suspect that this company may be offering financial services or products in the UK without obtaining the necessary authorization from us”.
Customer Reviews and Complaints
Several investors have reported difficulties in withdrawing their funds from CashFX, further raising concerns about the company’s legitimacy. Delayed or denied withdrawals are typical signs of a potential scam.
Is it safe to invest with Cash FX Group?
Cash FX Group lures investors with the promise of high and guaranteed returns, a common tactic employed by fraudulent schemes. In the world of financial investments, no investment can truly guarantee high returns without associated risks. Unrealistic claims of guaranteed profits should serve as a major warning sign.
CFX online presence lacks transparency and detailed information. They provide little insight into their business operations, trading strategies, or the identities of the individuals running the company. This lack of transparency raises suspicions about their legitimacy and accountability.
Cash Forex Group Review: Customer Support
Cash Forex Group customer support service is quite limited in scope. It can solely be reached through email, physical address, and social media channels. Nonetheless, this does not assure that you will receive a timely response or resolution to your inquiries.
Cash Forex Group Review: Conclusion
While Cash FX Group may present itself as a lucrative investment opportunity, the evidence and warnings surrounding this company paint a different picture. The lack of regulatory oversight, unrealistic promises, limited information, and investor warnings should serve as clear indicators that investors should exercise extreme caution or avoid dealing with Cash FX Group altogether.
Protecting your investments and financial well-being should always be a top priority. Before engaging with any investment opportunity, it is essential to conduct thorough research, seek advice from financial experts, and ensure that the company is operating within the bounds of the law. Scams like Cash FX Group are a reminder that due diligence is the best defense against fraudulent investment schemes.
If you’ve been targeted by a scam, such as Cash FX Group or any other fraudulent scheme, you have the right to take legal action against those responsible. To initiate this legal process, just fill out our online complaint form, and our specialists will offer you a free consultation. During this consultation, we will detail the essential steps to help you reclaim your funds. Rest assured, your financial security is our top priority, and we are dedicated to guiding you through the entire procedure.
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