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Cash Forex Group Review: Yet another Crypto Scam

Cash Forex Group Review: Yet another Crypto Scam

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The website Cash Forex Group claims that it is registered under the brand CFxG. They want the Crypto trading community to believe that Cashfxgroup.com was founded by an international team of experts in project management and financial markets, associated with a highly trained staff in the educational area with the purpose of helping people to master the necessary knowledge of trading to be successful, supported by advanced technology and professionals oriented to help you achieve your goals.

To convince investors and traders, the Cash Forex Group operation claims that they have combined assisted trading systems with algorithms in the financial markets of Forex, Network Marketing, and Interactive Educational Programs, creating a unique experience for users. This Cash FX Group (CFxG) review proves that this investment scheme is a pure scam and if you want to invest in Forex trading, please use reliable trading products or services and not shady operations like Cash FX group.

Cash Forex Group review

So, What is Cash Forex Group all about?  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?

Cash Forex Group scam

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 40%+ 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.

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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. But there is more to go through in this review.

The Big lies that they feed us with

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, none of these institutions actually exist! 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.

This could also double up as a ponzi scheme

There are several levels that you can get started as an affiliate member to earn from the ROI and referral commissions. The ROI promise that you can earn from your investment is 200% or 400% which will be capped at a total of 15% every week.

The 300 Level – This level requires a $300 investment. You will get 150 PV in the Leadership Program.

The 500 Level – This level requires a $500 investment. You will get 250 PV towards the Leadership Program and 350 PV for the Trade Pool Deposit.

The 1K Level – This level requires a $1000 investment. You will get 500 PV towards Leadership Program and 700 PV for the Trade Pool Deposit.

The 2K Level – This level requires a $2000 investment. You will get 1,000 PV towards Leadership Program and 1,400 PV for the Trade Pool Deposit.

The 5K Level – This level requires a $500 investment. You will get 2,500 PV towards Leadership Program and 3,500 PV for the Trade Pool Deposit.

The 10K Level – This level requires a $10,000 investment. You will get 5,000 PV towards Leadership Program and 7,000 PV for the Trade Pool Deposit.

The 20K Level – This level requires a $20,000 investment. You will get 10,000 PV towards Leadership Program and 14,000 PV for the Trade Pool Deposit.

The 30K Level – This level requires a $30,000 investment. You will get 15,000 PV towards Leadership Program and 21,000 PV for the Trade Pool Deposit.

The 50K Level – This level requires a $50,000 investment. You will get 25,000 PV towards Leadership Program and 35,000 PV for the Trade Pool Deposit.

The 100K Level – This level requires a $100,000 investment. You will get 50,000 PV towards Leadership Program and 70,000 PV for the Trade Pool Deposit.

The difference between the 200% and 400% cap that was mentioned earlier applies to the MLM side of the compensation plan and to the passive income profits that the company offers.

The maturity date that the company offers is also the 200$ for the passive ROI returns and 400% for the MLM side of the commissions that you earn.

The way they teach you is to reinvest the money right after it matures to earn even more money.

One thing to take note of is the withdraw fee (we don’t think that your investment will be safe in the hands of Cash Forex group though)

The company will take 20% from your commission withdraw where 50% of that 20% will go toward the referral commissions that are earned from the MLM compensation plan

The truth that people must know

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.

Our best advice for you

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. Avoid Cash Forex Group at all cost. Use proper trading tools to make money and never rely on shady operations.

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