CashFX Review, Is Cash FX Group a Scam or Legitimate?
Have you heard about CashFX Group yet?
I heard about it through a site that I am a member of that has a post rotator, the site is called CashJuice. Even tho the name of the site sounds very scammy, its actually a very nice and legitimate community for the most part. Throughout all of my searching and reviewing of the CashFX program, I found very little positiveness. Most reviews about Cash FX Group pointed toward it being a scam and if not a scam then definitely not recommended. Additionally & sadly, most marketers who review other platforms negatively almost always include their “Opportunity” that is of course better and legitimate right in their review. Are you a member, do you have positive information to share, can you change our mind? I am always open to hearing new information and other perspectives from friends who have had experience with platforms on the internet.
What exactly is CashFX Group about?
CashFX Group is an investing forex trading site that is indeed an MLM and focuses much more on rewarding recruiters than on actual investors. They also charge a hefty percentage for cashing out your own money, does that sound right? The cheapest investment package is available for the low price of $90 and goes all the way up to the largest investment package at $100,000.
Below is an explanation of what each ranking is and the credentials that you require in order to reach them:
- Affiliate Rank– To qualify for this ranking, you will need to acquire one of the financial investment bundles.
- Executive Rank– To get approved for this ranking, you will certainly require signing up with at the 1K level financial investment with a 500 PV or higher degree, recruit and also preserve 3 spending participants with a complete team of a minimum of 7000 GV.
- Manager Rank– To get this rank, you will need signing up with at the 1K level financial investment with a 500 PV or greater degree, recruit and also maintain 2 Executive Rank or higher with a total downline of a minimum of 25,000 GV.
- Supervisor Rank– To receive this rank, you will require signing up with at the 1K level financial investment with a 500 PV or greater level, recruit and also preserve 2 Manager Rank or greater with a total downline of a minimum of 100,000 GV.
- President Club Rank– To get this rank, you will certainly require signing up with at the 1K degree financial investment with a 500 PV or higher degree, recruit and also keep 3 Director Rank or greater with a total team of at the very least 500,000 GV.
- Ambassador Rank– To get this ranking, you will require signing up with at the 1K level financial investment with a 500 PV or greater degree, recruit and preserve 3 President Club Rank or higher with a total down line of a minimum of 2,000,000 GV.
- International Ambassador Rank– To receive this rank, you will need signing up with at the 1K level financial investment with a 500 PV or greater level, maintain and recruit 2 Ambassador Rank or higher with a total downline of a minimum of 5,000,000 GV.
A number of terms that were detailed here were GV and PV, below is what they mean:
PV– This term is “Personal Volume” which is the investment or the volume PV from your personal investment volume.
GV– This term is “Group Volume” which is the financial investment or the volume PV (quantity) from your whole down line.
Where does the investment go?
With Cash Forex Group they claim to be able to pay up to 15% per month and a return on investment of 200 – 400% over time. Supposedly only 70% of your investment goes toward actual investing & 30% going towards education …. In my opinion, the 30% goes toward recruiting bonuses. The withdrawal fee is also 25% so where does the 25 percent go to? Yes, once again back to the recruiting members. With the qualifying amount of point volume, you can be paid up to 50% so those who are sponsoring machines with huge teams will indeed make a massive amount of money.
Compensation Plan Trade Academy Packs
Of the 30% that goes towards the educational “products” 100% goes is paid back out through the compensation pack and is non-refundable. Early withdrawal of the remainder of your investment is available but there will be penalties as well as fees involved. The video above talks about Bear & Bull Capital, the Bull Capital is what triggers the leadership bonuses but needs to be continuously upgraded in order for your income not to be capped. Fast start bonuses, have you ever heard that term? The 3×10 matrix is set up to benefit the recruiting superstars with most of the compensation going to those who create massive teams. Your profits can't be used in order to upgrade within the system, you must first withdraw the money (25% fee) rendering your profits right back to the company and the compensation plan. Do you see how the company will indeed be able to sustain the compensation plan while rewarding its Leaders and Ambassadors? View the Cash Forex video on their YouTube channel above for details and more information.
Is Cash Forex Group on Social Media?
Yes the Cash Forex Group is on social media sites but doesn't have a large following, they are on Twitter, Instagram, Facebook & YouTube.
You can view their pages by clicking on them below (Your click will open in a new tab):
- Instagram – Only 297 Instagram followers
- Facebook – Only 635 Facebook Fans
- Twitter – Only 122 Twitter Followers
- YouTube – 1,4700 Subscribers but most videos have less than 100 views per week as well as less than 20 likes.
CashFX Scam or Legitimate?
It's still too early to answer the above question on whether or not the CashFX Group is a scam or a legitimate online earning opportunity. That being said, I am going to steer clear of this but may watch the Live Event on YouTube scheduled for Friday October 25th at 9pm EST. and will keep an open mind. How about you, will you register for and be online for this live event or will you simply be doing something else? How about Panama City, will you be there in person at the Hard Rock Cafe Megapolis from November 8th through the 10th?
Tickets can be purchased here and range from $95 for the cheap seats (Hotel Room not included ~ Event Tickets only) all the way up to $1,395 for the Super VIP Tickets that included
- 2 NIGHT HOTEL PREMIUM OCEAN VIEW ROOM + BREAKFAST INCLUDED
- SUPER VIP ROUND TRIP AIRPORT TRANSFER
- EXCLUSIVE IMMIGRATION BYPASS
- OPENING NIGHT RECEPTION PREMIUM AREA
- MASTER CLASS TRAINING
- MASTER CLASS PIT SEATS
- EXCLUSIVE LUNCH WITH CFX CO-FOUNDERS
- GRAND LAUNCH EVENT ACCESS TICKET
- GRAND LAUNCH EVENT PIT SEATS
- CELEBRATION PARTY + LIVE BAND MUSIC
- 2 HOURS OPEN BAR + PRIME DINNER BUFFET
- CFX CO-FOUNDERS GUIDED OFFICE TOUR
- SUPER VIP CFX GOODY BAG