The cash Forex group is allegedly founded by people who wanted more in the Forex trading world. The platform is multi-level marketing that is very costly; we would not recommend you deposit a single coin expecting a return.
They claim that the main principle is providing IT support and advanced technology designed for you to learn and transform your ideas into achievements. The company business model combines with the system trading system, and they claim to have algorithms in the Forex market, Interactive educational programs, and networking market that help in creating their global membership.
The company claims to have more than 26000 active members in over 190 countries, and they have made successful payouts. However, these figures should not lure you into depositing money in the account because no evidence of past transactions is being provided to support these allegations.
They claim to have core values that have helped them in the prosperity and growth of the company in the past years. However, you should only invest with legit platforms that will surely benefit you profitably.
Huascar is the legend CEO of the platform and was born in the northeast of the Dominican Republic, and the father was a lawyer the mother was a university professor raised with three sisters. They claim the founder grew up in a small city, learning the importance of family and that he moved to the capital of Santo Domingo to start his medical studies at the university.
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While still in his first year, his uncle took him to a meeting and that he listens to the network marketing in 2009 and that he discovered his talent in business orientation soon he changed into the business college to pursue his career.
He completed his studies and business school, and that, in turn, earned a significant degree in marketing, and during his studies, he founded his first business while still at his 20. He claims to have worked with various companies in the industry different consumer products and services and technology until he became a professional and started his own company, Cash Forex Group.
In 2014 the founder decided that he had fully understood the market of blockchain and what ledger meant. The founder claims to have traded more than 100 million dollars in operation in the past five years in this field—the company Williams at creating prosperity and financial freedom fund investors across the world.
However, the information provided regarding the founder is not enough to earn your trust and Investment firm and start depositing money. Edwin Abad is the VP Trading of Operations. He also provides his history and family background, yet the kind of knowledge that is associated with anything regarding the trade is not mentioned.
Scammers will always try and provide you with false information and use stock images of Happy investors they claim have made profits massively. We did some research on the member’s knowledge, and they do not exist anywhere in social media, and the names are just made up.
How it operates
The cash Forex group operates via corporate accounts, and this allows the company to manage the capital of various countries in the Globe. They claim that their strategy helps each user to earn the opportunity to access business trading platforms and that cutting-edge technologies support them, and you do not need to have any prior knowledge or experience.
The claim to use Expert Advisor Software is specially designed for the platform with algorithms that allow you to analyze different types of markets and generate profit in results. They claim to be among the top five users of this software.
The company also aims at associating with the best group of traders internationally and that they have combined experience of 15 years. However, you should not fall for any of the claims they claim no evidence regarding any of the knowledge they hold is available.
They do not provide any information on how the company operates instead of data on the goal they aim to achieve, and this is not relevant information that you need to be provided with.
Cash Forex Group has Academy packs they claim are perfect for their customers. The elemental module teaches investors module 1 and module 2, and you learn on the fundamental of Forex trading as well as technical and underlying concepts behind it—elemental module 900 teachers investors a solid introduction to Japanese candlesticks.
The plans are further split into elemental projects, which are divided into five different methods. The elemental programs allow users to access the Academy Park 90,150,300, 600, and 900, respectively.
The investor is entitled to at a trade pool; deposit split into 210, 350, 700,1400, and 2100. All the elemental investment plans offer leadership programs and various PVs.
The investment plan is then further split into an advanced plant that offers the same kind of returns as the elementary investment plans only that they cost more. The packages are incredibly costly, and you’re not guaranteed returns.
Investors are not provided with a trial period they can use to test the credibility of the software, and they can easily trust software that will not generate a single coin as profit.
Regulation and Customer Support
The platform has provided no regulatory data, and you risk dealing with unregulated companies expecting investment returns. Legit investment firms that are regulated showcase a high level of transparency, and they provide regulatory data on their website that you can easily verify.
The company owners risk facing criminal prosecution for operating illegally against the guidelines. Unregulated platforms will smoothly go against the set guidelines, and various countries have set up laws to protect their citizens from scammers, which need to be followed.
For any query related to the website, investors have to reach the platform via email [email protected] However, this does not guarantee you’ll receive any feedback regarding your question as legit investment firm producers working contact support, but you can easily rely on, and instant replay is guaranteed.
The company was registered in 2016 February, and the registration expires in 2020 once a month. The registrar for the Investment form is godaddy.com LLC. The domain name for the platform is cashfxgroup.com.
The company plans are incredibly costly for their packages than the average amount, and there is no demo account to test their credibility. The company uses a shady method of operation, and they do not talk more about how they plan to operate, and the kind of algorithm used is not well elaborated.
The owners of the platform do not reveal any information that links to them, and the company whereabouts is unknown. Scammers are known for the common trait of hiding the details from investors to prevent legal measures.
They also do not provide any past trade transactions they have been able to complete. You should always invest with legit Forex trading firms. Regulated platforms are always transparent in the methods of operation, and you can easily rely on them to make a profit.
The platform also does not have any positive feedback from any investors that you can use to rely on. Furthermore, they have a bad reputation all over social media, and they are ruled out to be a scam by most scam reviews.
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