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/10

CashFX Trade

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://cashfx.trade/index-2.html

Website

Rating Index

Contact

support@cashfx.trade
https://cashfx.trade/index-2.html
5th Ave , Crown Way, Cardiff, Wales

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

CashFX Trade

Company Abbreviation

CashFX Trade

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-02-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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CashFX Trade · Company Summary

Note: Regrettably, the official website of CashFX Trade, namely http://www.CashFXTrade.com/, is currently experiencing functionality issues.

General Information

CashFX Trade Review Summary
Registered Country/Region United Kingdom
Regulation Unregulated
Market Instruments N/A
Demo Account N/A
Leverage N/A
Customer Support support@cashfx.trade

What is CashFX Trade?

CashFX Trade combines assisted trading systems with algorithms in the Forex Market, network marketing, and interactive educational programs. However, the provided information indicates that the platform is unregulated in the UK and lacks details on trading specifics. It's advisable to conduct thorough research and exercise caution before engaging or investing.

What is CashFX Trade?

Pros & Cons

Pros Cons
N/A Unregulated:
Difficulty in Withdrawing Funds
Lack of Transparency
No Demo Account
Incomplete Customer Support

Pros:

N/A

Cons:

  1. Unregulated: The platform is listed as unregulated in the United Kingdom, which may imply a lack of oversight by financial authorities. This can increase the risk of fraudulent activities and may offer fewer protections for investors.

  2. Lack of Transparency: Key operational details such as market instruments, leverage, spreads, and trading platforms are marked as not available (N/A), which suggests a lack of transparency in their offerings.

  3. No Demo Account: The absence of a demo account means that potential users cannot try the platform before investing real money, which can be a disadvantage for beginners wanting to practice without financial risk.

  4. Incomplete Customer Support: Customer support is limited to email. The lack of a comprehensive support system, including real-time chat or a wide range of customer service options, could lead to difficulties in getting timely assistance.

Is CashFX Safe or Scam?

Cash Fx Group operates as unregulated,devoid of any transparent affiliations with recognized financial regulatory authorities. Engaging in financial transactions without the requisite authorization or oversight from established regulators flags a significant concern for prospective investors.

This void in regulatory compliance casts doubts on the entity's legitimacy and the security of investments made through its platform. It also questions the company's commitment to maintaining legal and ethical standards in its financial dealings.

As a result, the lack of regulatory governance subjects investors to heightened risks, which could encompass fraudulent schemes and leave investors with limited to no legal channels for recourse should disputes or monetary discrepancies arise.

Customer Service

Customers can get in touch with customer service lines using the information provided below:

Email: support@cashfx.trade

Conclusion

In conclusion, Cash Fx Group's operational status as an unregulated entity poses significant risks for individuals considering investment. The absence of oversight from reputable financial regulatory bodies means there is a substantial uncertainty regarding the protection of investments and the integrity of the company's financial practices.

This situation can leave investors vulnerable to potential fraud and without a clear path to legal resolution in case of any financial misconduct. Caution and a thorough due diligence process are highly recommended before any engagement or investment in such a platform.

FAQs

Q 1: Can I lose money with Cash Fx Group?
A 1: As with any investment, especially with an unregulated entity like Cash Fx Group, there is a risk of losing money. The lack of regulatory oversight means there is less protection against possible mismanagement of funds, market volatility, or fraudulent schemes.
Q 2: How can I contact the customer support team at CashFX Trade?
A 2: You can contact via email: support@cashfx.trade.

Risk Warning

Cash Fx Group is an unregulated entity, which significantly elevates the potential financial risk for investors. Without the supervision of a financial regulatory body, there is no guarantee of compliance with legal, financial, or ethical standards.

This absence of oversight can lead to increased susceptibility to fraudulent activities, misrepresentation, and potential loss of capital. Investors should be aware that they may not have access to legal recourse or financial protection mechanisms typically offered by regulated institutions.

News

FSCA issues a caution on CashFX

NewsFSCA issues a caution on CashFX

2022-10-10 15:07

The regulator has refrained from concluding that this may be a hoax, although all the indicators point to it being one. The regulator has refrained from concluding that this may be a hoax, although all the indicators point to it being one.

WikiFX
2022-10-10 15:07
News
FSCA issues a caution on CashFX
WikiFX report: EverFX broker banned in UK, CashFX Group ties to blame?

NewsWikiFX report: EverFX broker banned in UK, CashFX Group ties to blame?

2022-04-29 15:39

The Financial Conduct Authority has banned EverFX from offering services to consumers in the UK.

WikiFX
2022-04-29 15:39
News
WikiFX report: EverFX broker banned in UK, CashFX Group ties to blame?
WikiFX report: Russian cenbank says it used cash FX accumulated in state reserves

NewsWikiFX report: Russian cenbank says it used cash FX accumulated in state reserves

2022-04-29 15:31

The Russian central bank, which has lost access to nearly half of its gold and forex reserves due to Western sanctions, had accumulated foreign currency in cash that it has used, Central Bank Deputy Governor Ksenia Yudayeva said on Friday.

WikiFX
2022-04-29 15:31
News
WikiFX report: Russian cenbank says it used cash FX accumulated in state reserves
WikiFX report: FSCA warns the public against Cash FX Group (CFX)

NewsWikiFX report: FSCA warns the public against Cash FX Group (CFX)

2022-04-29 15:22

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services business with Cash FX Group (CFX) which is not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act). CFX is not regulated by the FSCA and are not registered to give financial advice in South Africa.

WikiFX
2022-04-29 15:22
News
WikiFX report: FSCA warns the public against Cash FX Group (CFX)

User Reviews

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User comment

5

Comments

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Maxii
6-12months
This site is a scam site. I invested 2000 § but i can*t withdraw now. They not confirm my withdraw:(
2023-04-14 02:25
Reply
0
0
James blood
more than one year
I wonder if there is any form of humanity in them. They made me deposit more and more just to get a withdrawal, but it was all a lie. I lost almost my savings to them until I sought help elsewhere and I was able to recover my funds e x p e r t a p e x r e f u n d . o r g
2023-02-25 17:17
1
0
1
黄子懿coin eagle(布道者)
more than one year
Even a starter plan requiring a deposit of $200 to $1,000? Are they kidding? I feel shamed for this broker! Why? They are so longed for extracting people’s all available money.
2023-02-15 12:26
Reply
0
1
永远在路上
more than one year
To be honest guys, I am not satisfied. I can’t continue working with CashFX Trade. I can’t trust or recommend them to anybody again. I don’t wanna give you any stars …stay away guys.
2022-12-07 13:58
Reply
0
1
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