Cash FX Group Scam Updated Review August 2020

There are numerous online scams and particularly when it comes to the online programs purportedly developed to help people earn a decent income over the internet. Just like in other areas of life, some people still believe that there are some shortcuts to success in life without working hard. However, that is never the case when it comes to life, and you’ll find some scam artists over the internet always ready to swindle you off your hard-earned money. Unfortunately, a lot of people normally fall under such traps and even end up spending their savings in hopes of getting rich quickly.

Today, we’ll be doing a Cash FX Group review, an online platform whose owners proclaim that they would like to show you how you can make a lot of money over the internet even if you don’t have any experience or specialized knowledge in affiliate marketing. We’ll discuss what Cash FX Trading is, the owners of the platform, and how the online program works to determine if the online income opportunity is another online scam or a legit business opportunity.

What is CFX Trading?

Cash FX Group is generally a multi-level marketing platform that provides you with an opportunity to earn with promised referral commissions and return on investments. The online firm offers you an opportunity to invest through different financial trading education levels that reflect the costs of the level that every person joins at. Looking at the name of the platform, one might think that the firm is in the Cryptocurrency or Forex trading niche, which is not the case.

When you take a closer look at the company’s website, there’s no information about who owns or runs the company. The domain name was registered privately on 3-4-2019 as “cashfxgroup.com”. According to the official website, the official name of this online company is Cash Forex Group. The platform has gained a lot of attention due to their online income claims, but they don’t have any retailing products or services available. The platform claims that they trade the money you invest with them through some external sources and then give you a particular percentage of the gained profit.

When you take a closer look at the company’s website, affiliates are given access to the various packages of the Trade Academy Education that teaches them how to trade and better their finances. Since Cash FX has no retail services or products, the only thing that affiliates are to market the affiliate membership of the company. Once you sign up, you can invest money to participate in the multi-level marketing compensation plan attached.

What is the CFX Marketing System?

CFX Group would like you to believe that the company is investing your cash into Forex trading and later sharing the profit with you. The online program assures you that you’ll make a certain percentage each month and also guarantees a 400% or 200% return. However, that’s not the truth according to their compensation plan. In reality, the company will recruit you as one of their affiliates you and offer you a high incentive to refer or recruit some other people as well.

You will receive a fixed amount as recruitment commissions and also keep balance with them. A percentage from the total balance will also be shared with you as some passive income. In reality, this company is not investing your cash anywhere. Provided they are still getting big numbers of new affiliates, you’ll get your commissions. The marketing system is typically designed in a way that gives you profit after every 30 days, which gives the company adequate time to recruit some more people into the platform. As long as the process continues, you’ll make some money, but once new people stop joining, the money will be gone.

Is Cash FX a Pyramid Scheme?

You can make money with CFX Group, but the money is not coming from selling retail services or products, or might not even be from Forex trading. If that is the case, then the money can only come from the investments made by the new affiliates joining the online company. That means that you’re making your money in an illegal and unethical way. It is also possible for you and other affiliates to continue getting paid by the Cash FX platform until the time when there will be no more people to recruit to the company.

If that happens, CFX will not earn monies coming in, and it’ll stop paying the existing affiliates as well. But of course, these are assumptions build around the concept that Cash FX platform was not typically making money through Forex trading. You can also become a Cash FX group affiliate by purchasing one of the Trade Contracts offered by the company. These Trade Contracts cost between $300 and $100,000. According to the site, 30% of the amount you invest will be utilized to fund the compensation plan of the company, while 70% is utilized on Forex trades.

For instance, if you purchase the Academy 90 Pack for $300, $90 will be used to pay the other company affiliates above you, and only $210 is used for Forex trades. That proves that you’re only making money from the money invested by the new people who join the Cash FX Group. However, each of the available packages offers you access to the CFX Group’s Trading Education Academy, qualifies you to earn residual and recruitment commissions and also earn an ROI every week from Forex trades.

Nevertheless, that is not just a one-time investment. According to the company website, once you have earned the promised 400% or 200% ROI, you need to reinvest to continue participating in the income opportunity offered by Cash FX Group. If you join the program with the Academy 90 Pack that costs you $300, you’re only entitled to get $420 that’s paid to you every week.

Moreover, the amount you invest determines the amount of return on investment you’re entitled to earn typically between 200% and 400%. The more cash you invest in the system, the higher your ROI will be. This system is what is usually referred to as a Pay to Play model, where the earning potential of an individual in a certain program is mainly determined by the amount of money they can invest at the start. Generally, Pay to Play systems are among the common telltale signs of pyramid schemes.

Outside of the Cash FX Group’s passive investment opportunity, the online platform operates just like a pyramid scheme. The online company doesn’t have any retail customers, means that all the commissions are tied to affiliate memberships. Furthermore, in the multi-level marketing part of this business opportunity, you can clearly see that CFX is operating as a Ponzi scheme. If you register as an investor with CFX to make the 400% promised in returns, you can only do that by referring new affiliates to the program and encourage them to invest too.

If recycling the money invested by recruits is what is happening on the multi-level side of the company, then the same is probably happening on the trading side as well. The CFX Group’s compensation plan shows a pay to play tactic by restricting the program’s matrix levels based on the amount affiliates invests in the platform.

The qualifications of multi-level marketing commissions should be tied to the sales volume, not the amount of money invested by the company affiliates. Just like any other MLM Ponzi scheme, when the recruitment of affiliates dies down, investments will die down too. That’ll starve CFX Group of its return on investment, leading to the collapse of the platform in the long run. Once an online company operating as a pyramid or Ponzi scheme collapses, most of the program participants normally lose their money.

Is Cash FX Regulated?

Cash Forex Group platform claims to generate external returns on investment through some trading systems and algorithms. However, this online platform doesn’t provide any proof of trading or disclose any information about their alleged forex trading activities on the company’s website. Furthermore, while the Cash Forex Group provides a passive income opportunity, it does not give any evidence of registering the platform with financial regulators.

Cash Forex Group claims to be regulated by different regulation agencies but such as the Financial Conduct Authority of London (FAC), Financial Sector Conduct Authority of South Africa (FSCA), the Financial Services Authority of Seychelles (FSA), and Financial Services Authority in Dubai (DFSA). Without legally regulatory registration, the CFX Group investors have no way of showing that the online company is using external funds to pay out their returns.

The issue with unregulated investment firms is that they are not dependable and always abuse the regulations. These companies prefer to remain anonymous and can disappear at any time without giving notice. To ensure you’re dealing with a known and regulated investment company, you need to easily see the CEO of the brokerage company and the people running it, among other things. Lack of sufficient information is a red flag because you do not know who will be handling your money. That is one of the reasons why CFX Group is a risky investment firm to invest in.

With Cash FX being unregulated and lack of sufficient information, your money is not safe. The security of money is a big issue with unregulated and uncontrolled investment firms. One of the red flags we have noticed is that Cash FX platform is withholding important information to investors. Cash FX scam can go bankrupt at any time because there is no banking information given about this investment firm.

Is Cash FX a Scam or Legitimate Investing Opportunity?

In my opinion, there is still not sufficient information to say with certainty that CFX is a scam. Nevertheless, there are many red flags about the company that you should be wary about. Here are some of the concerns we have.

1. No retail services or products

One of the biggest reasons why joining Cash FX Group might be risky is because it is a multi-level marketing company that does not have any retail products or services. And since you will not make money selling any products, and then all your Forex trading earnings with Cash FX are questionable at best. Your income will probably come from recruiting new people only. Although there’s nothing wrong with building sales teams and recruitment in a multi-level company, if your income solely depends on affiliate memberships alone, then you need to be careful because you may be involved in a Ponzi or pyramid scheme.

Similar investment firms that operate like CFX collapse only after several months of operation. Even if you normally get training programs that one might consider a product once you join this online company, this education does not provide you with any real value as you can get the resources elsewhere online for free.

2. No history or proof of forex trades

While Cash FX claims to have an exceptional trading bot that provides amazing trading results, the company does not provide any evidence of this purported software application in action. The online company also claims to have developed a partnership and network with various licensed Forex brokerages and traders that do the trading activities for them but have not disclosed any evidence to that too.

In my opinion, the money you invest in Cash FX Group once you sign up is not used in trading in Forex but are typically used to pay the existing affiliate promoters of the company. The other thing that is a bit weird about the Cash FX is that the platform only accepts payments in Bitcoin. If Cash FX is involved in Forex trading activities, then I don’t why do they need members joining the platform to pay in Bitcoins. Bitcoin payments make me wonder if Cash FX Group is also dealing in crypto because joining a multi-level company that’s involved in cryptocurrencies is not a good idea. That’s because cryptocurrency is quite volatile and you may incur huge losses in the long run.

3. Similarities to past forex scams

While Cash FX claims to have an incredible trading bot that provides exceptional trading results, the company does not provide any evidence of this alleged software application in action. Previously I came across another sketchy Forex multi-level company known as Lifestyler Club that utilizes a forex trading bot known as AI Expert Adviser. However, I could not get any connection between Lifestyler Club and Cash FX. Nevertheless, Cash FX works similarly to another Forex multi-level company called FX Trading Corp that received lots of disapproval from both its critics and members. To be clear, I am not stating that Cash Forex is a scam but am just pointing out the facts.

4. Fixed returns on investment

Cash FX claims that they’ll return 15% of your first investment in every week. While that might sound amazing, there are no forex traders in the entire world that always win all the Forex trades they put their money into. Besides, no robot or algorithm can predict all the winnings with100% accuracy to guarantee a 15% return every week and daily profits without fail.

Although seasoned forex traders can make educated predictions through data and charts to get a higher probability of winning, there is no assurance that the AI software and the company traders will make some cash all the time. That means that Cash FX knows how to win all their Forex trades, which is impossible. Besides, the online company itself says that trading with Forex is extremely risky and that no forex trading results are guaranteed.

5. Unregistered business operations

While the Cash Forex Group provides a passive income opportunity, it does not give any evidence of registering the platform with financial regulators. Cash Forex Group claims to be regulated by different regulation agencies such as the Financial Conduct Authority of London (FAC), Financial Sector Conduct Authority of South Africa (FSCA), the Financial Services Authority of Seychelles (FSA), and Financial Services Authority in Dubai (DFSA).

The FCA (Financial Conduct Authority), a financial regulatory agency in the UK recently issued a stern warning against the Cash FX Company for operating in the United Kingdom without proper authorization. The investment firm is also not legally registered to operate in the United States. The issue with unregulated investment firms like CFX Group is that they are not dependable and always abuse the documented regulations. Such companies prefer to remain anonymous and later disappear without giving notice.

To make sure you’re dealing with a known and regulated investment company, you need to easily see the people running the company and the agency regulating them, among other things. Lack of clear information about CFX Group registering with financial regulators is a red flag because your investment is not safe. Without legally regulatory registration, the CFX Group investors do not have any way of showing that the online company is using external funds to pay out their returns.

Summary

The Cash FX program claims to get external ROI revenues through various assisted trading systems and algorithms. However, the company does not provide any evidence of the form of trading it does or any information about its alleged trading activities on their official website. Besides, while they offer a passive investment business opportunity, CFX Group doesn’t provide any evidence of being registered with any financial regulators.

Unless Cash FX Group registered with some financial regulators in each jurisdiction it solicits its investments in, the online firm and its marketers are operating illegally throughout the world. Without the legally needed financial regulatory registrations, the people who invest with Cash FX have no way of proving that the online company is utilizing some external revenues to pay affiliates’ returns. Outside of the passive investment opportunity offered by Cash Forex Group Scam, the company typically operates as pyramid schemes. The online platform has no retail customers, meaning all the company’s commissions are usually tied to the recruitment of new members.

Besides, the MLM side of this platform confirms that Cash FX Group operates as a Ponzi scheme. That’s because if you sign up on the platform with the main aim of getting a 200% return, then you can only get that return by recruiting some new investors and have them do the same. Your 200% return is therefore paid out of the subsequent investments. If the MLM side of the platform is recycling the funds invested by new affiliates, there is a high probability that the same is happening on the platform’s trading side as well. Recycling the invested money will starve CFX Group of revenue and eventually prompt a collapse like all pyramid or Ponzi schemes do.

In summary, I wouldn’t recommend Cash FX Group Scam to anyone because of the serious issues we’ve seen about it. You should avoid investing your hard-earned money in online programs that seem suspicious. There are lots of red flags on the CFX Group’s site. Even if you would like to ignore them, you cannot miss them. You should only invest in sites and online investment firms whose available information and income claims are easy to verify and those that have sound records of achievements.

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163 thoughts on “Cash FX Group Scam Updated Review August 2020”

  1. To the Author of this post: Thank you for sharing your informative review on such a sketchy company like the Cash FX Group Scam that you have covered on what it is and what they may be possibly doing. I always see people talking about how they are doing so well in some Forex trading gigs that I couldn’t help but want to know more about this industry.

    But on the other, “not so surprising side” of the spectrum- You get companies like this one!

    I’ll tell you that you really saved me from checking any further into this company that clearly sounds like they are doing something really shady!

    and if not this company- Do you have an FX opportunity that you could recommend to us for those of us who may be seriously considering entering this industry?

    Thanks alot for sharing your knowledge!

    Reply
  2. I like how you exposed all the ugly truths of Cash FX Group. I knew it was a pyramid, just wanted to make sure, that’s why I’ve searched for more information. So, I’m glad to have come across your review.

    It seems to always be the same process with those MLM companies. Only making money by recruiting other.s And once there’s no more people to recruit, the money stops as well. That’s not a business.

    So regarding Cash FX Group, if the money they give to you isn’t coming from Forex trading, nor selling retail products, but comes from the investment made by new affiliates, it means this is definitely a Ponzi scheme.

    Thanks for the review.

    Cheers

    Reply
  3. Thanks for this critical review of the Cash FX Group program. I run away from the pyramid schemes as they require so much work and focusing on the people around you making you depend on them. However with no specific services within the Cash FX Group and the red flags you raised, I would also agree this program is a scam.  

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  4. It seems with everyone trying to earn and working online now-a-day, it’s only a matter of time before companies meet behind closed doors and put together programs to scam the eager entrepreneur. It will get to a point that anyone wanting to work online will not know who to trust. This has been going on for years these type of businesses. I remember in past years, the same thing would go on. Or you would buy a product, but it’s bad quality. Either way it’s no good!

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  5. This sounds like a very suspicious program with no specific products or services. This seems to be set up as MLM. It is good that these types of programs are being reviewed and defined for what they are intending to do. The Cash FX payout seems to be fairly optimistic. I don’t think these returns are realistic for anyone involved. I would not fell comfortable being involved in this type of business. Thank you for your critical review. 

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  6. Yikes, too many red flags for me to feel confident in this! Sounds like a pyramid scheme, and I’m always skeptical with the “get rich quick and effortlessly” claims. I especially don’t trust that there seems to be a discrepancy between how they claim you earn money and what their compensation plan actually says. Thank you for your extensive research to educate prospective investors in the pros, cons, and risks. Much appreciated!

    Reply
  7. Sounds like an interesting program. Financials are always a hard thing to trust around other people. I hate how everything that is an MLM or looks like one is perceived as terrible. Its not true. Some MLM’s have made a lot of people a lot of money. Worth checking out anyways. Thank you for your article Tony!

    Reply
  8. Wow, I couldn’t imagine anyone giving up their hard earn money to join an affiliate program like this.  I learned over the years when you are required to recruit others to participate for you to make your commission, then you are probably involved in a pyramid scheme.  What amazes me is the fact that Cash FX Group doesn’t have to disclose any financials for the funds they claim are being invested.  This company has no financials available for the public to view. This is given with any reputable investment company no matter what they are investing in.  They don’t buy or sell any type of product.  These are the two biggest red flags for me.

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  9. Thank you for such a thorough review. I see a lot of red flags for Cash FX. I believe if you are joining an MLM or other type of company, they must be completely transparent in what they do. If they are offering a service, they need to show people what exactly they do.  And a guaranteed payout is unheard of.  Everybody would be joining if it truly was a guaranteed payout.  I understand that it is a gray area of if they are legitimate or not, but I won’t be joining this company.

    Reply
  10. This site continues to provide me with information on websites that can and can’t be trusted, making me feel safer yet again to look about the internet for reliable sites. With cash FX, since it’s a site were you can actually make money, it wouldn’t be hard to fall in line with trusting its content. Anyone could easily overlook that the site itself is illegal or still a scam. It’s great to see you spreading the word about organizations like this!

    Reply
  11. Appreciate your honest Cash FX Group review, Tony! Good to know there are still trading groups out there that offer passive income opportunities to members! What is a bit confusing for me is where it was mentioned that Cash FX Group has no retail product of its own and does not either make its money from such an ideal source.

    I don’t think a lot of people would want to go for any trading or passive income opportunity that appears like or is more or less a pyramid or Ponzi scheme. Talking about the compensation plan, it looks good and all the ranking levels are well explained in the review. 

    Thank you so much,

    Joyce

    Reply
  12. I have been invited to numerous trading opportunities recently but have declined to participate due to the fact that I know very little about the business of  trading.  In business, there are so many ways to lose money; therefore, we must be very careful when participating in new business ventures.  Researching is the key.  The more you know, the better off you will be when trying to make a decision about investing your hard earned money.  This is the first time that I recall hearing about this particular business.  There are so many out there.  Based on your research,  I would be hesitant to get involved with this particular business.  

    Reply
  13. Hello Tony,

    Thank you for sharing your website. Thank you for your Review about Cash FX Group. It is good to know and be safe from falling to those trapes. That is actually a huge risk to work with an organization which has no owner information and operates illegally. It is risky and also scary and in the video the guy highly recommends it for people. Thanks for this eye opening information.

    Good Luck!

    Reply
  14. Again, like many sites or programs you have reviewed, this is the first time i have heard of the Cash FX Group. I’ve experienced too many of those referral programs that i have come to the conclusion that they are just not for me. I don’t care what people say about the potential cash return, all businesses need hard work, patience, and persistence. Thank you for the review, always appreciate your thoughts and opinions. 

    Reply
  15. Hi, I read about these platform ones, and that the reason I didn’t want to try Cash FX Group it’s a multi-level marketing company that does not have any retail products or services, but you need to recruit new people and this part can be tricky… Building a sales team is not an easy task and if they don’t recruit you don’t make money… It looks very much like a pyramid scheme… And here in Canada, I know that this is illegal.
    If I would register for Cash FX Group, I would have to make more research for Canadian people.
    Thank you for sharing this information with us.
    Lyne

    Reply
  16. Hi, I read about these platform ones, and that the reason I didn’t want to try Cash FX Group it’s a multi-level marketing company that does not have any retail products or services, but you need to recruit new people and this part can be tricky… Building a sales team is not an easy task and if they don’t recruit you don’t make money… It looks very much like a pyramid scheme… And here in Canada, I know that this is illegal.
    If I would register for Cash FX Group, I would have to make more research for Canadian people.
    Thank you for sharing this information with us.
    Lyne

    Reply
  17. Thanks for your honest review of Cash FX Group review, Tony! Appreciate your effort in making people find out which program they should consider to join online before subscribing or spending their money. Multi level marketing is one of the business models I won’t ever subscribe to knowing fully well that it’s more or less a pyramid scheme which is against the online business regulations.

    Reply
  18. Thanks again Tony for the wonderful article. Indeed there isn’t a true get rich quick business in the world; everything comes at a price. And such businesses that promise people high income when in fact they are only earning a referral free is truly misdirecting and we need more people to expose such claims. 

    Reply
  19. Review sites seem to be getting really big lately and raking in a lot of profit as people don’t want to be scammed and have to literally check every site that they visit. Cash FX seems to be hitting that target area as well now and i hope people find the right place to be putting their money in time like these !

    Reply
  20. I have seen a lot of recent chatter about Cash FX and after reading this, I’m glad that I was steered away from it. In general, the MLM concept isn’t one that I want to subscribe to, but there was also a long list of other red flags with this “opportunity.”  

    Thanks for helping to educate the public about the things they need to be looking at and questioning BEFORE they sign up for CashFX.

    Reply
  21. Hey.

    The only program assured to pay off your effort on digital marketing is when you decide to promote the program who offered the service or products by selling them. Personally I’m far with forex trading because I had tried much to return on my invest, but I lost every effort and money I invest to them, so my opinion its better to focus on something real  and legit but it require more effort and time to make money

    Reply
  22. Thank you for this comprehensive review! I love how you did the research to find out if the company has any physical product and how money is made by anyone signing up for this multi-level marketing pyramid scheme. Your breakdown is phenomenal: money can only be made by membership recruitment and when that dries up the company will fold and anyone at the end is left with nothing. We need more reviews like this to protect people looking for new ways to make ends meet, especially in these times. Thank you for your thorough review and explanation!

    ~Aloha

    Reply
  23. Hello Hamilton!  In my opinion, 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.

    Reply
  24. I had the same worry when Cashfx promised that 200% or 400% return, somehow that sounded too good to be true but I never knew that it’s a pyramid scheme structure! Using the name FX but it’s not even forex is a very sly way for scamming people into joining, it’s a good thing you’ve laid out all their cards on the table, thanks man.

    Reply
  25. The promises made about all there is to benefit from Cash Forex Groups are mouthwatering and enticing. But this review about Cash Forex Groups being a scam or not, I am of the opinion that Cash Forex Groups comes with so many flaws that causes suspicion and give a cause for alarm. One must really be careful about these MLM platforms and their promise.

    Reply
  26. Ugh, these scamming people are everywhere.

    They’re literally parasites. Taking advantage of those in desperate need of income. When you’re desperate you’ll generally believe anything you read if it looks official enough without much investigation.

    Facebook is filled with these adds. And they all use the same script to try and get people interested. I try to make a point to people that you can’t make money from no investment and if you want to make money online it takes work and investment both in yourself and elsewhere. As well as solid hard work.

    Nothing is made overnight or in a couple of days as these things claim. It’s disgusting. But thanks to people like you doing these reviews people can be made far more aware of the dangers of these companies and scams.

    Regards,

    Matt

    Reply
  27. Thank you for this very detailed review of Cash FX. I had been invited a lot of times to join this kind of investment. I joined twice and both were scams. 🙁 It was my fault for joining right away without even investigating.

    I hope this article will reach a lot of people, so they can be guided on what to do when invited to this kind of investment.

    Reply
  28. As the world evolves and online businesses are thriving more and more, reviews like this become gold because scammers are numerous out there, cash forex group has a lot of benefits though but it’s very risky because they have lots of red flags, and they are similar to past forex scams, and also has no evidence of registering with financial regulators 

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  29. Thank you Tony for shedding light on Cash Fx, you know I follow through your reviews to be able to make my judgement on a particular subject, the red flags you gave concerning this platform seems scary, and it seems like they do not sell an actual product which yields money, but rather relying on the membership money for its profit, is not really a good one for someone like me to venture into.

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  30. Everything about this sounds very suspicious to me. Cash FX does not have any real product to offer its members in other to make money, all they have is the money you are signing up with to share between members and that is the definition of a Ponzi scheme.  I don’t see myself using it, but good luck for those who are wanting to. Thanks for shedding light on this shady business.

    Reply
  31. This is a topic that needs to be exposed and kept from happening. The one thing that concerns me is not knowing who runs the company and who owns it. It sounds like Cash FX Group is a scam. The FTC should do a better job and stay on top of this to make them accountable from withholding pay. Did they ever find out who owns it? 

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  32. Thank you Tony for shedding light on Cash Fx, you know I follow through your reviews to be able to make my judgement on a particular subject, the red flags you gave concerning this platform seems scary, and it seems like they do not sell an actual product which yields money, but rather relying on the membership money for its profit, is not really a good one for someone like me to venture into.

    Reply
  33. All online scam have things in common. promising too good to be true products, pyramid scheme-esque system, and being created just recently. that online program fits everything I said, but unfortunately, people that are looking for easy money are easy targets for scams like that, so keep doing what you’re doing so we can could prevent and take down all filthy scammers in the future.

    Reply
  34. Cash FX is a scam! That is what I can take after reading your very compelling review. And I hope that people will do their research before wasting their money in Cash FX and inviting their family and friends in losing their savings too.

    Cash FX does not have any real product to offer its members in other to make money, all they have is the money you are signing up with to share between members and that is the definition of a Ponzi scheme.

    Thanks for sharing!

    Reply
  35. Everything about this sounds very suspicious to me. I’m not a suspicious person otherwise but some things need to be clearer. I’ve heard a lot of bad experiences related to CFX. The very fact that money stops coming if there are no new members is very risky and does not provide material security. Since they are also vague about their products, it seems to me that they just want to take advantage of someone’s bad financial situation. Thanks for sharing the text, it will help those who consider them as a possibility. I just have to say that it is very sad how many schemes are present today.

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  36. This is as blatant a scam as you can get in my opinion. I know forex trading seems like a great opportunity to many that are in a desperate situation and it’s sad that services like CFX are out there ready to prey on them and their finances. Thanks for shedding light on this shady business, tony.

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  37. Tony, I used to trade forex  something: twice in a week. recently a friend of my told me about CFX and i try taking my time to look at it and i noticed that the platform is a ponzi scheme because of the MLM side of it and steped aside. I even warn my friend to be very careful because he can loss his money at any time. 

    so i’m glad to see this review from you. I’M going to share it with him so that he will know am not the only person seeing CFX AS A SCAM.

    Reply
  38. I have encountered ads about Cash Fx Group claiming that you can earn cash in affiliate marketing through investing various products. And the compensation plan for their referral program is really enticing. But when I have read that they sell no particular product, that is when I got turn off. It seems that they are just gaining money through recruitment and that for me is shady and suspicious since it is like a ponzi scheme. Well, I don’t see myself using it. So goodluck for those who are wanting to.

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  39. I am not a big fan of MLM schemes or Ponzi scheme. It is a waste of time and energy for me! The CashFx group certainly has a questionable practices. The red flag that you have highlighted in this article clearly states that they are taking advantage of their consumers. It is strange that they don’t have product or service for you to promote or advertise being a MLM company. 

    Thanks for you insight and bringing this to my knowledge!

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  40. Thanks for updating your Cash FX review Tony. I believe that because of the multiple red flags you have pointed out in your article that it is very obvious Cash FX is a scam that was built on taking advantage of it’s users. At least with a lot of MLMs, they have some kind of tangible product or service for you to back or advertise but that is not the case here with Cash FX. You may as well just be tossing money to the wind.

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  41. Tony I have to disagree with you on this one. It is obvious that you are not a member of CashFX and have based your review on others with similiar inexperience. In the first place, the Group have no affiliates, neither do they claim to provide a product to their members. They make no claim to trade in cryptocurrencies either and it is incorrect to state that there is no information about the owners. Anyone who visits the website would immediately find that information under the About Us tab. That in itself would discredit you and all others who say the same. I suggest that you review your review and get it right this time. People should be able to trust reviews and reviewers and companies should not be discredited based on inadequate and totally biased research.

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  42. Hello Tony! thank you very much for dropping this review. Its really sad seeing how these schemes are increasing daily. A lot of persons have fallen victim to fraud and its a really sad experience. I’m really happy I came across this article, it serves as an insight and I appreciate you for calling out a company that participates in this fraudulent scheme. I’d do my own part by sharing this article, thank you

    Reply
  43. No thank you. I would not invest in this online making money. It sounds like a scheme to me. Anything that deals with money and is not backed by the FDIC, then it is a scam to me. I would not trust it. Thanks for the information.  Anything that does with money, should be protected and what we invest in.

    Reply
  44. I am not a big fan of multi-level marketing or the Ponzi scheme, it is a pure loss of time to me. It is great that you have given us such a detailed explanation of how Cash FX Group works as there are still so many folks who would just join and believe in miracles company tell us.

    Reply
  45. Tony,

    It is just so sad how many schemes are out there.  I myself have been victim to a few of them even before the days of internet marketing.  This group definitely seems very shady with some very questionable practices.  Affiliate marketing has so many more legitimate ways to make money!  I love being a blogger and making my money off my word and reviews!  Thanks for the insight and exposing a company that could really hurt an honest person just trying to figure out how to get by! 

    KARA

    Reply
  46. One should be wise when investing in cryptocurrency platforms and forex trading. Many of the platforms are legit scams. They literally make money from referrals instead of investments on return. Great article to alert individuals in the forex niche. Its depressing to see grown individuals promote a worthless platform and ripping people off. 

    Reply
  47. Becoming part of a platform/system where they promise you a high percentage gain per year (which in reality we know it is impossible to assure a win) without proves of trading transactions sound more like a scam to me. Getting more affiliates to partner sounds like a ponzi scheme. Thank you for the long post about the reality of what the Cash FX program offers. Simply by reading your post, I educate myself of new programs up there.

    Reply
  48. Engaging in uncertainty when there are certain deals is not wise enough. Though I have not come across the cashFX but I will watch out for them and guide anyone around who may want to fall victim of this baseless group. Not being able to put the founders name on their platform means there’s a rat in the basket. Thank you for this review

    Reply
  49. Hello there, thanks for sharing this wonderful piece of information here with us. I must say i really did enjoyed going through your review. Personally for me i cannot get myself into a business/skill i do not have any experience or specialized knowledge about just like this, so for me this would be a no go adventure

    Reply
  50. A lot of businesses are not truthful especially in his day and time and I think that ought to by law when it comes to these types of platforms that seek to take all kine of money from you making these false claims seeking to sell you a dream. There are so many dream sellers outhere therefore we ought to be careful.

    Reply
  51. This was truly educational and i really enjoyed learning all about affiliate marketing and the scams that might occur online. Thank you for the educational experience, it was worth the time and i am even bookmarking your site lol so that i can keep myself educated about affiliate marketing and all the scams occur online.

    Reply
  52. It’s so important to be vigilant when looking at income-generating opportunities online. While there are many great options for making an income online, there are even more scams. If it’s too good to be true, it probably is.

    Thanks for your great insight on your Cash FX review. This article has tons of great content and is sure to help someone down the right path to financial success!

    Aaron

    Reply
  53. Your review of Cash FX Group was really an illuminating and impactful read that I am glad that I came across it. I have heard of Cash FX Group in passing but being able to read a comprehensive review on the platform and how it works is a true bonus. Thank you for sharing this helpful and invaluable article. 

    Reply
  54. What a great deal of information that you have dished out in this educating and interesting article I must congratulate you for this. I have come across an article like this on the net. And getting to peruse through yours, it has changed my view about Cash FX Group Scam Updated Review and gave me a new way to approach it. Thanks for putting this through.

    Reply
  55. After going through this article, I was able to detect a lot of red flags. First of all, a very large percentage of return, and they don’t give much information about themselves. How can one invest in this company with a huge sum of money? That’s just absorbed. We really need to be careful. People may parade themselves as legit but they are not. We should be able to know who we are dealing with altogether with their operations.

    Reply
  56. Good to give us an update on this platform and also tel us about if it is a scam or not. Really happy to be able to read your review and also see how this crypto platform seems to want to take a dig and rip people off of their money. I would love to stay away and not try at all.

    Reply
  57. Hello Tony Lee Hamilton, thank you for sharing this informative and resourceful article. This article is centered on Cash fx group August to 2020 review. I came across this platform some times back though I didn’t go into it because I didn’t see the transparency of the platform. I also believe That this platform is scam therefore I wouldn’t advice anyone to opt into it

    Reply
  58. I have seen this business around and lots of people have talked a lot about it and it’s really good. Though I have always been on the negative about this because I know what it entails to actually get into Forex and I know that it is way much more than what has been offered here. Nice information 

    Reply
  59. Thank you Tony,

    Mlm are a great way ro make money on line. But when I see a proclaimed MLM without a solution providing product, I become skeptical. A pyramid scheme just ask her subscribers to register with a set amount as an investment and with that they promise return on investment. People who want quick funds are always victims of this schemes 

    Reply
  60. Dear Tony , thanks for sharing this article, you did an impressive job in researching this cash Fx group organization to know for sure if there legitimate or scam and I can see with this article, they are aren’t legitimate and such organizations like this should be taken down and reported because it’s not safe to invest your money in this type of programs , thank you for this informative article. 

    Reply
  61. Very in depth review that doesn’t feel like a shallow shill for clicks, much appreciated in this current internet climate.  Most MLM formats are not to be trusted and this one seems extra tricky and not where I’d want to invest my money.  I just recently followed your blog and there seem to be many other places to better spend my cash that you have reviewed here yourself.

    Thanks,

    Quentin

    Reply
  62. CashfX is a scam and it should be known that it is very dangerous to deal with it, many people have fallen victim of platforms like this that are very bad and are with nothing to offer. Ist good that you updated this review, it’ll make it more detailed and all help people m

    Reply
  63. A good overview you have given here to how cashfx actually works. Though I have always been on the negative about this because I know what it entails to actually get into Forex and I know that it is way much more than what has been offered here. So, seeing something like this here is also very good and I’m delighted to come across it. Thanks

    Reply
  64. Dear Tony,

    Thanks for sharing. I believe that making our money work harder for us is very crucial if we want to retire comfortably in the future. That is why I will always have an interest in a healthy investment portfolio.

    Initially, when I first started investment I fell prey to a few Ponzi schemes. That is why I am naturally more cautious and will take more time to investigate before committing.

    Your article is helpful and does provide clarity in such a murky situation.
    I have not reached my target investment portfolio yet.

    Take care.

    Reply
  65. You did some impressive research on this organization to see if they’re legitimate or not. As you can see, they’re not  trustworthy. Thanks for highlighting the risks and the fact that it is not a good idea to invest money into these type of programs. It’s important to have people like you on the “internet frontlines” that can test these sort of things and make the market a little safer for the rest of us. Thank you for pointing these things out.

    Reply
  66. Hey Tony,

    Wow!  Thanks for writing this review on the Cash FX Group.

    You did some very impressive research on this organization to find out if they’re legitimate or not.  Clearly, they’re not trustworthy.

    I’m always amazed at how common it is for people to buy into stuff like this, and get ripped off.

    Thanks once again for the warning.  I’ll steer clear of these guys.

    Michael

    Reply
  67. Interesting review. I have heard so much about this opportunity. Daily I get messages in my inbox  from different forex traders and others who send their links to their business opportunity.  Only last month I had over 100 messages. If I ask them how it works in detail they just send a link to their site. Well it seems when it comes down to it – Do you really trust this system? I must admit I am very critical to schemes like this one. I agree with you that it cannot be sustainable over time. I am not sure either how effective it is to use Bots. They all follow the same script. Thank you for pointing out the facts here Tony. 

    Reply
  68. Hi Tony,

    thank you for this review. There are a lot of red flags popping up. Thanks for highlighting the risks and the fact that it might not be a good idea to invest money in this program. It’s a shame that there are so many people out there in the internet that are trying to make money on the cost of others.

    Do you have any preferred way to make money online?

    Regards,

    Mia

    Reply
  69. You are right that when there is no information about the owner(s), it seems fishy. I’ve recently come across a similar “opportunity” and I couldn’t find any details about it anywhere. That’s a red flag itself.
    I find these scams horrible, they offer nothing than just recruiting new people which is supposed to make you rich. I couldn’t sleep well knowing I made someone join and spend their hard-earned money on something useless.
    Thank you for exposing these scammers!

    Reply
  70. Thank you for this amazing review. Although I have not traded in Forex, this is good information to have in case I do get approached by someone who offers this or if I know of someone that is going to try out this specific platform.

    There are many shiny objects out there and once you find a good niche, I would say, that it’s good to just stick with that. 

    I learned a lot from this article, thank you again.

    Reply
  71. A very useful article about online scams and information about Cash Forex Groupand. I think that now I have knowledge to recognize if someone wants to scam me. People do not take seriously the dangers of online trading. It is important to get well acquainted with the offer. Thanks for the text that educates us! Best wishes.

    Reply
  72. Thank you for the update on Cash FX Group. Here we go again. This is the second time I’ve read this review; however, I learned even more about this company. We only benefit if through referrals and recruiting. Without a site that does thorough reviews such as yours, many of us will be losing money repeatedly. Thank you for sharing the red flags.

    Reply
  73. Hi Tony,

    It is definitely a known fact that the internet is full of untrustworthy people and that it is so easy to fall into one of their traps if you are oblivious to scam signs.

    This particular scheme is bound to fail and you will be left feeling cheated as all the funds dry up. I am so glad that you pointed out that you should earn upon the quantity of sales  but not according to the amount you invested in the first place. That is a sure sign that you are being cheated.

    Thank you for the clarity on this matter.

    Reply
  74. I’m glad I stumbled upon this article from a well trusted website like yours. I heard about this one from a friend previously and decided to look into it. Undoubtedly I have come upon more unhappy than satisfied people who have tried this scheme. Getting rich quickly always has some unpleasantness attached to it and clearly Cash FX Group is no exception to this. 

    Reply
  75. Yet one more scam that deserves to be called out as such. I’ve noticed that, especially in the bitcoin and Forex arena, many more chances for the uninitiated to be swindled. No matter how many times articles like this are written, there will always be someone who is desperate to earn “quick cash” who will be taken in. Nothing replaces trying to work hard to create something that will give value.

    Reply
  76. Hey Tony, i know this is off topic but i sort of see you like the Batman of the internet, always making sure to review scams and making the online community a better place, thank you. As for cashFx, their time is coming up, a lot of people are starting to catch on to their devious ways.

    Reply
  77. Hi Tony, thanks for offering us your services! It’s important to have people like you on the “internet frontlines” that can test these things and make the market a little safer for the rest of us. Keep up the good work and I’ll be looking for more of your articles!

    Reply
  78. Hello Tony,

    This is great information and thanks for sharing with your followers. Any type of forex trading everyone needs to be skeptical as it seems like this is an easy target niche for scammers to take advantage of people. There are some people who will not research the company information as you did before investing their hard-earned money. Sure hope people read your review of CASH FX before investing and I will be sharing this review with my social media followers. 

    Reply
  79. As I’ve been researching the different ways to make money online, I’ve been shocked at how many scams there are out there. I’ve kept away from anything to do with trading systems because I’ve been sceptical about the crazy returns they promise. I think the old saying ‘if it looks too good to be true, it probably is’ sadly generally rings true in this space.

    Reply
  80. I have been reading about this program.  My concern with this, more than with other MLMs with which I have participated, is that there are no products.  It seems like all the money compensation being paid is strictly related to recruitment.  All mlm’s demand that the people who participate be recruiters.  However, with most, money can be made by marketing the service or product even if new people aren’t brought in.  As you said, without new recruits this program dries up.  Thanks for your frank review.

    Reply
  81. Hello Tony and thank you for posting this review.

    You do serious work in reviewing scam programs and websites and alerting the most unaware of them. I’ve read some of your articles and you do tend to give the benefit of the doubt, as you only research what’s available on the net and do not have insight information.

    Still, on this one there are no doubt, there are just too many alert signals. 

    I believe in people creating products and services, not only to make a profit but also to help other people. That’s how it should work, always. I hate that some people put so much effort into putting into place these scams only to fool other people (usually people that really can’t afford to lose so much money…). 

    Best regards and keep up the good work,

    Sofia

    Reply
  82. Hey Tony-Lee; This is another eye-opener to the investing public. When Cash FX Group newly launched I was approached by one of the founders who have exerted all of his recruitment skills and powers to get me to sign up and live the life of independence for the rest of my life. 

    “But I know that all that glitters is not gold”. I see no reason why one should be so interested in my financial gain and independence who I do not even know. I am sure this detailed information article will save many opportunity seekers from getting involved in this scam trap.

    Good job done, keep it up.

    DorcasW

    Reply
  83. Very interesting stuff. I was not aware of any of this had I not come to your website to read about it. Tonight has been an educational night because I’ve learned a lot and I’ve learned from you, Tony. Thank you so much for the information you provide I hope your loved ones are well because my loved ones will surely be after I bless them with the money I will make with the information I learn from you. Next time I run into an article that I’m suspicious about I will come here instead

    Reply
  84.  I believe you are being too kind in your review of Cash Forex Group. 

     This concept seems to come right up to the door of being a scam.   You are being fair by simply explaining how the process works.   Earning money is hard work and yet we must be very careful to examine all the ins and outs of these other companies that may or may not be legitimate.   Cash Forex Group concept presents red flags all over. I really appreciate your review as it was well thought out and explained. There are so many get-rich-quick schemes out there and it is always prudent to study, research and read reviews before making a decision on anything.  Thank you for your article on this Company. 

    Reply
  85. interesting article. I believe you are being too kind in your review of Cash Forex Group. This concept seems to come right up to the door of being a scam, but I understand why you did not label it as a complete scam. You are correct in that our money is hard earned and this concept presents red flags all over. I really appreciate your review as it was well thought out and explained. There are so many get-rich-quick schemes out there and it is always prudent to study, research and be very careful before pulling the trigger so to speak! Thanks again, John

    Reply
  86. This is definitely a red flag to me.

    I don’t really believe in any company that doesn’t offer something to people who had invested money to buy their product/service. And from the way you explain the company, if they were REALLY making money trading the money they have gotten from their buyers, then they are supposed to be an investment broker and NEEDS to be regulated.

    Just the fact that they are not transparent on their tradings, returns are just a no no.

    And it’s important for companies nowadays to include the founders and the member of the team on their website, so that people know there are real normal people working on the backend.

    I personally wouldn’t go with this company as they raise too many red flags.

    Reply
  87. As I read your review of the Cash FX Group my emotions went wild. How can they get away with what appears to me to be a Ponzi Scheme wrapped up in a Forex Trading activity. If I had $100,000 why would I even consider investing in their Forex MLM program? I would use that to trade Forex myself. In fact I am already a Forex trader using less capital. And I am quite profitable at it too. I was trained by experts and made a lot of mistakes along the way. I now have a trading style that on average makes me money and I am sticking with that. 

    Thanks for doing this review though. 

    Edwin

    Reply
  88. There are so many MLM opportunities available online now that it has become very difficult to separate the wheat from the chaff. the review you have written explains a lot about this opportunity, the good and not so good. Not investing your money in forex as originally claimed surely must be false advertising. The only way you get paid is if lots of others join after you. This does not appear to be a very lucrative opportunity. Appreciate your sharing. 

    Reply
  89. What’s UP Tony Lee You’ve been really rocking it with the content guy, my cousin and my niece tried to get me involved with  the fx cash group about three weeks ago, the thing is I’ve traded online before so I knew what they were trying to get me involved in, I remember telling both of them that it would be about three weeks before I could get my cash straight, that was of course after they gave me the $330 dollar sign up fee…I had already invested in an online business that I found out was a scam too when, when Nudge from Wealthy Affiliate found me. Great review guy, you’re definitely right on with this review, from Richmond, Virginia to Alanta Georgia this fly by night scam keeps taking victoms so thanks so much for the content and keep it up enjoy following you man your are the best!

    Sincerely,

    Samuel

    Reply
  90. Great article! I have heard of Cash Forex Group before. They seems like a really good outfit to be part of if you into Forex trading. I actually kept a close eye out of them, to see what kind of news comes out of their camp. The 30 day marketing system they employ is pretty cool idea, until people stop joining and the money stops.

    Jordan

    Reply
  91. The blog is an in-depth assessment of Cash FX Group. I have never heard about it and it is still a new business concept for me. I see that you have found various problems with the program and business model. I really appreciate the detail argument and on the final conclusion. I will take you suggestion and will stay out of it. Great work!

    Reply
  92. Thanks for your Cash FX trading review! I wondered sometimes when some people claim that they could try out some get rich quick schemes and become rich overnight. What I’ve always seen happen to such people is exactly what you mentioned in your Cash FX Group review. They get scammed easily and have their savings wiped off completely. The problem with many people is that they aren’t ready to achieve online success working the right techniques.

    Obviously, business operations at Cash FX are unregistered; so it may not be the right investment opportunity for many people. Thanks for the detailed, insightful review!

    Reply
  93. Thanks for the updated warning on CashFX Tony. I am so burnt out on Forex scams that I have never even bothered to try Forex trading. It feels daunting to have to invest so much time in just trying to figure out if a product or service is a scam or not! I mean lots of credit card companies and things won’t even let you have Forex in your domain name and whatnot. It’s crazy.

    Reply
  94. Hello Tony,

    You want discussion and the following is my take: My reading your review of Cash FX Group brought back memories of past experiences with scam artists. They will always start by presenting you with a shiny object to distract you. Look, “when the recruitment of affiliates dies down, investments will die down too”, You will be frustrated and leave the group. Think of how much they have sucked and how many suckers you have recruited to replace you!

    We should ask ourselves why we fall victim to these scammers? In the case of Cash Forex Group, check out the Red Flags: 1) No retail services. 2) No history or proof of trading. 3) Fixed returns. But there are no trading. So your ROI will be coming from?? 4) Not registered with known financial regulators but with bogus ones from all over the world.

    Consider the number of these scam artist all over the net. They must be making money that makes them stay afloat.

    I will conclude with thanking you and people like you that do these reviews that expose these individuals. But am I disgusted with them? Yes, I do. Good luck.

    Cal.

    Reply
  95. This is a great topic to highlight to people as many of us fall foul to scams, unknowingly and innocently. So much detail in the content here and all it relevant. Great use of pictures and videos as a medium for those who are as attracted to reading much narrative. Would definitely recommend this page to those wanting to know about the Cash FX Group.

    Reply
  96. Thank you for the warning. I see you have thoroughly investigated this company and I was also suspicious when I saw that it relied on bots and algorithms to earn the money.

    My brother does a lot of trading and even he says there are no guarantees and the markets are up and down all the time. The claims made on Cash FX Group are simply unrealistic. 

    They say if something looks too good to be true, it almost always is a risky venture to invest in.

    Reply
  97. This post is very thorough and it is good to expose these sites that offer people to make money quickly. There are so many scams out there and it takes time to research them. Thank you for a well-written review that is informative and hopefully will prevent someone from losing their hard-earned money. One thing I do know is that affiliate marketing is no something that can be done without putting in the time and effort. 

    Reply
  98. Hi Tony,

    The review is perfect explainatry, If you don’t work hard in an online business, the chances of generating streams income will be minimal compare to those that are working hard, talking about cash FX if an online company operating as a pyramid or Ponzi scheme collapses, most of the program participants normally lose their money.

    Thank you.

    Aluko.

    Reply
  99. I’m not sure how good the Cash FX Group platform really is especially for beginners. It offers a lot of unrealistic situations and I don’t know how much a beginner can find in that. I am glad that they took this platform under consideration and we received very important information.I don’t like platforms that offer vague end goals.

    Thanks on information

    Reply
  100. Hello,

    Lots of red flags out htere with this “business opportunity”. Unknown ownership? Check. No products and services available? Check. Unregulated business? Check. Undocumented past performance? Check. I wouldn’t suscribe to Cash FX Group even if my life depended on it. This not even a pyramid scheme. This is a fraud to take other people’s money. Case closed.

    Reply
  101. Thank you for your post. It is useful for me. I started my online business for a while now and am actively looking for ways to make money. I heard about Cash FX Group and plan to join, but never take time to do research.

    Here comes your article, which provide honest and straightforward analyses on Cash FX Group. I was impressed by the 200% return on my investment. Based on your investigation, this is not true. The MLM side of this program indicates that it operates as a Ponzi scheme. The 200% return is not real, since I know that I could not recruit newe investors to the same as I plan to do.

    Reply
  102. There are so many scams relating to CFX I would never look at any of the opportunities out there. There are so many scams it is hard to see which are real and which are scams. There are a lot more viable opportunities that can make you successful and make you money. The thing is you need to be willing to work hard. If something appears to good to be true it probably is.

    Reply
  103. Thanks for the update review about Cash Forex Group. I have already read one previous post on this topic, and it was now interesting to read another update. Those 5 points you mentioned are a good sign that you need to get away from such a site as soon as possible. Great to take the time to write down all this information, which can be very helpful to potential investors.

    Reply
  104. Thank you so much for the Cash FX Group Scam Update Review. The platform is a multi-level marketing company that promotes many benefits of working online. But due to the lack of sufficient information on this platform, I also agree with you that it is not a legitimate company. The thing I don’t like about this platform is that it has no customer service or no retail products. Then those who want to join this platform will join at their own risk.

    Reply
  105. Ok, with this page, number one there are a number of spelling errors that caught my eye immediately and then Grammar was off in a few places. Other than that it was a pretty good review page. As for the topic, it it definitely an interesting one and many people have and still do fall prey to such scams. I myself have never tried one like this and do not plan to in the near future. Like most pyramid schemes or network marketing endeavor and etc. I would rather like to keep the little tiny bit of money I have and stay away from these kinds of things, like you mentioned, “that many people fall prey too”.

    Reply
  106. I won’t even think of doing anything with Cash Fx as they have no contact telephone number and are not licensed to provide financial services. These are facts about the company I think it’s important to know before anyone sends any money. Thank you very much Tony for this review, its helpful for me.

    Reply
  107. A very informative and well structured review on the Cash FX Group. I may have come across this somewhere but with this review, I am very much convinced that I must stay out of it. There are just too many red flags which I’m surprised how they could survive. Wouldn’t the regulators look for them? 

    Reply
  108. Thanks for reviewing Cash FX Group, Tony. In my Facebook, one of my friends asked me to join this program as his referral. I’m lucky to read this article before deciding to join. It’s too bad that his program reeks of ponzi scheme. I agree that a lack of trading evidence is a big red flag. Thanks for saving my time and money. I will reject his offer to join.

    Reply
  109. ya cash fx definitely a scam this ariticle shows the red flags and really helps you see the way online bussiness run scams its so annoying scammers take advantage of people that are trying to better their lives. thanks for the heads up. its just crazy only accepting bitcoin your money doesnt go to what your paying for they use it to pay themselves.

    Reply
  110. Great,The explanations on the website are excellent.Add location near the comment box on the About page.Keep your backgrounds the same.The CFX Marketing System explains it well.Add contact details.There are ideas and videos that fit every sub-topic. Add another image related to the about me page theme.
    The high returns on investment have been shown. You Will Win! ,Let’s Gooo.

    Reply
  111. Great review of Cash FX and thank you for taking the time to do this review.  Very informative and to the point.  Even though it’s hard to actually say if Cash FX is a scam or legit, this article is written well enough to figure that out on my own.

    In working with other affiliate marketing programs, I’ve found many that aren’t worth moving forward with.  In this search however, it seems there are many that will work fine and pay commissions just by generating enough traffic to make the sale.  That is important and you are here gaining trust with me and I’m sure others.  Continuing to follow of course.  Thanks again.

    Bruce

    Reply
  112. This company definitely has a spot in the main 5 most scam sites I’ve ever observed. On the off chance that they’re not actually technically investors, at that point how are you going to get your cash back, or the cash that they guarantee you’ll acquire from fake advertising.
    It’s so miserable and frustrating perceiving how individuals are so urgent to get an online line of work that they’ll agree to anything not knowing the difficulty it can cause them. I simply trust more individuals run over your site and become familiar with these kinds of projects so they can choose on the correct choice.

    Reply
  113. Cash FX Group is a scam.  The only way you get money is getting recruitment.  There is nothing being sold here.  Also, they won’t even put their name out there.  It is a pyramid scheme.  It’s a shame that people like this don’t put out legitimate opportunities.  I’m sure they’re smart enough to be legitimate. They just want an easy way to make money, and screw the investors out of their own money.  It’s a hard pass for me when it comes to making a new investment.

    Reply
  114. Thank you very much, Digital Marketing Veteran!

    Thanks for this well laid out review article.

    Things can really be confusing in the online business world. You see FX, and you immediately think Forex trading. But it seems that here, Forex is only one of the methods by which investors’ money could be multiplied.

    Some people have been very lucky and experienced a windfall with some of these many schemes. But those have tended to be the early birds.

    Again, well done and thanks!

    Reply
  115. I do believe that Cash FX is a potential scam. It seems to be a pyramid scheme that will fall from within when people give up on it. I choose to stay far away from such schemes. They are not only risky, but I believe they are also built on lies.

    Thanks for revealing the whole process of this scheme. It’s one of many that people need to be aware of and cautioned about.

    Reply
  116. Thanks Tony for investing your time researching this company. Given what you are reporting I will not be investing any of my time or money in this company. You have a lot of experience so I trust your judgment and your reporting. 

    It would be a very bad thing if this company is not doing with your money what they say they are doing. There are more people than ever these days looking for ways to get a good return on their hard earned money. If the company is lying then they are taking advantage of this situation. 

    Reply
  117. This site reflects if cash forex group is legit or a scam. This presents that you just earn money from the people whom you have referred to the site. That your money is not invested on Forex Industry but you just earned because of the people who just enter into the site.

    This also refers to the packages that they offer to you but the truth is it comes from the money of the ones you have referred to.

    Reply
  118. I always read these reviews because I need to know the names of the different schemes and to know which ones to embrace and which ones to avoid. Because of the lack of transparency and information, this scheme looks like a no no at the start. Further on, where I see that there are no actual products or services being sold, I am a bit wary of the operation because it really does have the properties of a Ponzi scheme and the only way to earn is from affiliate placements or a share of profits, if it arrives. Thanks again for a review of a platform that carries far too much risk for me to take part.

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  119. I have heard of Cash FX Group before but like you I see way to many red flags. The main two being no physical products and the fact they basically recycle funds. I have seen this time and time again in the past 20 yrs. Guess what it NEVER works and people end up losing tons of money. The second red flag is that you can not find any actual owners,private or public,what are they hiding?  Steer clear- not regulated means money lost. I believe the only almost guarentee of money would be to learn affiliate marketing. No wories about the ftc shutting anything down.

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  120. Hi Tony

    What I like about your reviews is that you go into great depth, highlighting all the red flags what to watch out for. It is still a gamble using Forex, as it is easy to lose money as to make money . What I do not like is the MLM aspect of the platform, as you are not only risking your own money  but those who are prepared to join under you. I can see this leading to resentment and problems. I think the platform is doubly risky from the investment  point of view and the MLM point of view. It is not for me.

    Thanks

    Antonio

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  121. You are highly experience on-line, so if you raise a red flag regarding a company I listen to you.  Your description that, there is insufficient information to say with any clarity that CFX is a scam is enough to make me stop and think before looking at them in any more detail. Their lack of evidence of Forex trades is enough for me but furthermore it is not registered with Financial regulators. Nuff said, as they say.  Thank you for the warning.

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  122. Hello there Tony. Thank you for sharing with us another great article. cash Fx group is a new one. I cant recall how many online scams i have fallen for.back then I was so naive and could taken advantage of by even seemingly easy to spot out scams. How I wish I had guidance of people like you Tony at that time.Now days, am curious about many sites that promise people to make a lot of money without effort as if it were that easy.

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  123. I found it very concerning that there is no information about the founders of cash FX groups. I can not recommend  to anybody to do business with a faceless company. The founders must endeavor to connect and build rapport with their followers for it to atleast look legit.

    There are few factors that should actually raise someones eyebrows before signing up with cashFX group

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  124. Generally, I am not that much of a big fan of MLM or networking platforms online. I like how you can give this tip you gave here and also updated the review up till last month which is cool. I hope to be able to do so much more with time. Thank you so much for this.

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  125. Cash FX has been confirmed to be a scam group and the platform is still out there finding newbies to devour, it is good that you shared this review about it, it’ll enlighten people about the kind of scam that cash FX is. I’ll share this post to some other platforms as I’m sure it’ll be of immense benefits to them as well.

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  126. It sounds like a scam to me. Claiming that your money is invested when it is not … So, you can’t really make any profits with it, can you? And even if the money is invested like they explain, then I am still wondering if you are making enough profit with it. I think that it would be a risk to sign up here .. 

    And if there is no information about the owners, no contact info, and it is not clear who they are, that is also a huge red flag … I am glad I read this review, thanks for letting us know about this.

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  127. I can see that Cash FX Group is not only a MLM business model type but a Scam. To make you sign in with them and promising a 400 to 500% ROI  irresponsibly is a gross mistake. It is worst when you get informed that there is no way to know who are in the back-stage.

    Just knowing that Cash FX Group don´t have a product to sell or services and unregistered, it is no brainer that it is a scam. I will never recommend such “group”.

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  128. 400% or 200% return? Lemme laugh a bit. If they know they are so good at trading and can make such money, then why bother looking for referrals particularly or having an affiliate program? Why will someone or a group of people open a company without given much information about themselves? This is a red flag, and doing business with such is very risky. A real business needs to be transparent and honest.

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  129. Hi Tony, thanks for your review of CashFx platform. My head spun when I looked at their types and levels of investment. I hope there are no many people who have really invested 100K with them… It seems they have a highly elaborate system and, at first, it would be hard to write it off as a simple scam. However, the risks involved with joining them are huge, and I get a strange vibe of something suspicious about Cash FX – especially as it is not easy to verify any results and connect with genuine people who have benefited from their system. Thanks a lot for investigating this company in such great detail and preventing many naive guys from joining them and loosing tons of money!

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  130. Thanks for sharing your opinion on Cash FX Tony. I agree, any trading platform which is able to provide a guaranteed fixed return is most likely a scam and the payments are actually coming from new recruits into the program. I have not seen any trader being able to guarantee returns in the markets. And 15% per week – you have to be joking. Why would they need more people if the are so amazing at trading! I don’t like the smell of this one.

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  131. Thank you Tony

    I am so pleased that you have shared this information so that people like myself can be aware of the scams that are out on the internet. As online businesses grow the world becomes more susceptible to businesses that just want your money and are not regulated by any legitimate regulator. To most of us we would never know if you do not do the work that you do.

    Thank you as as knowing this is important.

    All the best

    Reply
  132. My friend was involved with this cash Forex group scam. It is such a weird way of investing and I feel bad for those people who have lost their money on it. The education is useless as well and she only break even some months but most of the time she has to put the money in. I personally think that you are better spend your money on the currency and just keep it rather than wasting your money on this system. I am from Thailand so I do have some Thai Baht and Some Japanese yen, in the long run if you keep holding on to it and just forget you will make some money from it. May not be as good as 20% mark up but it is better than losing money for sure.

    Reply
  133. Hi Tony

    Our automatically warning system always pop up when we see or read guaranteed fixed returns on investment, especially when it is above common market.  Even when you buy a property (Condo) in famous tourist destination, we will do our own research, for example who is the operator, what is the general market situation, do they have already contract with tour operator, or past record when they market it through online consolidator (airbnb, homeaway, etc).

    From the review, we can see that the company does not have any products, how on earth they can guarantee fixed returns on investment? It is like you mentioned that you got your investment back from the new people that being recruited.  This is definitely a pyramid game, don’t you think so?

    All the best

    Kalle & Marie 

    Reply
  134. Hi Tony, I always pay attention if something is relating on online business and make money online. Thanks again for the review, it’s the best way to let us know and we will pay a lot more attention on it. Your post helps a lot, so that we will not fall into it and will not let them steal away our wealth.

    Reply
  135. Hi Tony Lee, 

    I had read your earlier review and I found it really detailed and exhaustive. I, therefore, read your latest updated review as well. what strikes me about the Cash FX Group Scam is that it sounds like a crypto scheme, but it’s not. Cash FX Group is a multi-level marketing platform that provides us with an opportunity to earn promised referral commissions and return on investments. The firm offers an opportunity to invest through different financial trading education levels that reflect the costs of the level that every person joins at. 

    I frankly found it very complicated and I bit difficult to grasp. I hope it doesn’t turn out to be another huge scam though. I know u have listed it as a scam, but maybe it’s not.

    Aparna

    Reply
  136. CashFX is actually not that enticing for me to dive into. I cannot seem to just overlook all that is into it. Honestly, speaking, giving all these together to actually achieving the very best can be the perfect way to actually getting to the very peak of it all. Thank you so much for all that you have have here

    Reply
  137. I think this is a really comprehensive and in-depth review of the cash fx group. Your article ‘Cash FX Group Scam Updated August 2020’,really serves as an eye opener to all cash fx entails and I think it’s nice you gave your unbiased opinion. After reading your article all I can say is the platform should be monitored closely. 

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  138. Hello there!
    That is a very nice and commendable review you have there. I have actually heard many people contemplating and having double minds about the authenticity of Cash FX group. People have been left confused over this because do not have updated informations about the platform. A review like this will really help decide if they are actually scam or not.
    Thanks.

    Reply
  139. Thank you for this Cash FX Group review. As always, I don’t like MLM companies and here the situation is even worse because they cannot provide reliable information about the way they run their business. Moreover, the return on investment is extremely low and the price to join very high. Very bad product. Always thank you for your work and your research! 

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  140. The only proof they have is FX Group is a scam! It’s clear they only make money from recruits and leaving you to earn a return on investment when the people you have recruited start recruiting. Proof that their program is rubbish and it is just a way to get people to sign up just to promote their scam product instead of getting returns from what they were promised.

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  141. More red flags mean more risks. I personally do not like get rich quick schemes and I do a lot of research before investing my money into anything. Great review, you pointed out all the red flags and helped your viewers take rational decisions. There were some confusing elements that I was not able to understand, however I was able to get the big picture.

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  142. There are lots of scams online that are terrorizing people day after day and  this is very bad because it is causing a lot of pain and losses. Thanks for sharing this information  it’ll be a  good eye opener to a lot of people and it’ll make them understand that CashfX is not a good business.

    Reply
  143. Hello Tony I’m always careful about online businesses and this one having an mlm program makes it really difficult because I’ll have to be careful when dealing so we don’t get involved with any scam site which we all should stay away from all the time.i still would open my heart to learning more businesses online 

    Reply
  144. Hi Tony. Thank you once again on that scam review. I personally did not know CFX was a scam, l once was attempted to join but luckily escaped the temptation. This will be helpful a lot to those who would love to start trading so they won’t fall into traps.

    Reply
  145. BEWARE of Cash FX- thank you Tony for this review and the update. This is very similar to USI Tech and BTC mining MLM scam that stole MILLIONS from people worldwide- get this… before they were USI Tech Bitcoin miners they allegedly made their fortune in FOREX! They claim to do an elite arbitrage strategy but then have absolutely no track record of trading or anything of the sort. These companies are the worst and truthfully? They almost ALL are scams. 

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  146. Well I actually got it know about this platform yesterday and the fact that they offer an mlmmodel in the fx platform telaly baffles me. Though the reviews I read about them were mixture of the bad and the good, this review here has actually outlined to me that they are just another ponzi and I should not fall for them too. Thanks you so much for sharing here. Thanks

    Reply
  147. l have never believed about making fortunate during the night, and doing nothing will ever bring me anything good in life. Hard work, dedication, passion, investing time, and maybe also some money is the key to success. When people believe in whatever they heard about making money and becoming a billionaire overnight, they quickly see that is just a fraud. Z+Your Cash FX Group review is very thorough and l hope that many people with reading it and not waste their money on this suspicious platform.

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  148. These online scams are horrible and I’ll be honest I’ve fallen for a couple of them When I first started in looking into Starting an online buisness and making money online. I’ve learned now that anyone promising a quick money get rich quick kind of thing isn’t legit. When you are new to something you may not know all of the ins and outs and would be easily led into the wrong direction I never lost any substantial amount of money to any of these scams because I thought to my self if they are making all of this money why do they need me to send them money but I’ve went down the rabbit hole believing it at first and listening to hour long webnairs for nothing when I was new but the thing that’s really sad Is that scams like that target people who are desperate who are more out to give there last dollar to something like this thanks for exposing and spreading awareness of these things great article.

    -Jonathon

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  149. I can totally agree when you write about how hard it is to make money online, without doing the proper work for it. It takes time and persistence to get somewhere. I have found out that the only money that you should spend, to make money, is money well worth spent on online training and courses. Even then, you need to be careful on where to spend your money on lessons, do you have any good experiences with wealthyaffiliate ?

    thank you for the warning about Cash FX group.

    Reply
  150. This company surely has a place in the top 5 most ridiculous scam sites I’ve ever seen. If they’re not technically investors then how are you going to receive your money back, or the money that they claim you’ll earn from fake advertising. It’s so sad and disappointing seeing how people are so desperate to find an online job that they’ll settle for anything not knowing the trouble it can cause them. I just hope more people come across your website and learn more about these types of programs so they can make the right decision. 

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  151. Thank you for this article.  I am so thankful I found an authentic platform like WA and didn’t fall for something like Cash FX Group.  As I was reading the article, I thought to myself, before you said it, this has to be a Ponzi scheme!  It appears to be a get rich quick scheme to me.  You basically don’t have to do any work, just keep pouring in money!  

    I appreciate that you included different videos, including the one from the “founder”?  I couldn’t watch the whole thing.  She’s a fast talker and shows no documentation that I could see or would trust.  And you have to keep reinvesting to make money!  That’s like online scams that keep asking for money to keep you from getting arrested or your grandson being arrested.  

    I personally don’t understand much of the terms used in this type of program.  Which I think works in the favor of this scheme.  People join because the terms sound so esoteric but authentic!  Your noteworthy comments about there being no product was also informative.  And they think they can make money by doing nothing!  

    This program is an example of an MLM product at its worst.

    I feel for the innocents that think this is a valid way to make money.  I hope they find articles like yours to inform them to not get involved with Cash FX Group. 

    Very helpful and needful article.  I hope you get lots of readers.

    Barbara

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  152. Tony, great site! Great topic! Great person!

    I have nearly fallen victim of such scams. It is sad to see there are so many people getting paid for others misfortune. 

    I am glad to see there are folks like you out there still willing to do the time and research the truth. 

    Another thanks for the list of legitimate resources!

    Honesty and benevolence is my foundation, love and trust are my life!

    Chad

    Reply
  153. Hello Kyle,
    My initial introduction when I saw the name Cash FX, was that they are in the monetary part exchanging unfamiliar monetary standards. So thank you for calling attention to that they are not in that specialty.

    I realize that it is unimaginable to expect to ensure a pace of return when you are engaged with exchanging, as you are managing the unpredictability of speculation markets. So at whatever point I see an ensured return that is guaranteed, I realize that it isn’t accurate, and uncommonly with returns of 400% and 200% being guaranteed.

    This seems like an ordinary fraudulent business model to me where there are no real items being sold. I state keep away from them.

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  154. My first impression when I saw the name Cash FX, was that they are in the financial sector trading foreign currencies. So thank you for pointing out that they are not in that niche. 

    I know that it is not possible to guarantee a rate of return when you are involved in trading, as you are dealing with the volatility of investment markets. So whenever I see a guaranteed return that is promised, I know that it is not true, and specially with returns of 400% and 200% being promised. 

    This sounds like a typical pyramid scheme to me where there are no actual products being sold. I say avoid them.

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  155. I hate these types of platforms that funnel people into making money in this unethical way of recruiting people. And they as well start recruiting others and the chain goes on and on. I think regulations should go after companies as these. Thank you for describing how Cash FX works.

    Reply
  156. I noticed something good about this platform and that is The CFX Group’s compensation plan shows a pay to play tactic by restricting the program’s matrix levels based on the amount affiliates invests in the platform. That is a major improvement and it will facilitate the growth of the platform

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  157. Thank you for this very timely update e on this fxgroup platform. This is one of the things that you do that makes me believe that you are very different from the other people who wrote reviews on their website. This served as a very good read for me and I must tell you that I enjoyed reading it all the way.

    Reply
  158. What a great deal of information that you have given out in this awesome and interesting article I must give you a big thumbs up… I encountered an article like this on the internet and it changed my knowledge about Cash FX Group Scam Updated Review and gave me a new system to approach it.

    Thanks a lot.

    Reply
  159. Seeing the review here, I couldn’t help but be really amazed at what everything is all about. I really value everything you have shared here and surely, I value it all. Honestly speaking, sharing this post here has really helped broaden my knowledge about what the cashfx group is all about and the fact that it ain’t worth the time and effort. Thank you so much for sharing here

    Reply
  160. It’s very good to have such amazing article like this, it is very helpful and very resourceful. Thanks Tony for taking time to put something as good as this together and it  takes a lot of love to so that, many people don’t realize how much it is of benefits to enlightened people about stuffs online.

    Reply
  161. Hello Tony, cash fx is one that have been coming to through the mouth of so many people but we have to say we all wmag to be careful on what to get and not get involved with scam sites which could be really sad. I am really happy to have come across this article and I would share with others 

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  162. Thank you Tony for sharing this insightful and in-depth review of Cash FX Group. I really appreciate you taking the time to explain in detail what it is and its features and also other vital information that was very valuable. It was a blessing reading your article because I learnt a lot from it about various things and it was also research oriented. 

    Reply
  163. Hello there! This is an amazing review you have got here. I am sure this information here will be of great help to any one who come across it as it is to me. Theres no other prove I need to get to be convinced that this CFX is not good for anyone as they have got lots of reg flag which makes them suspicious.

    Thanks for sharing!

    Reply

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