CashFX Group: Is Cash FX Group a Legit Trading Opportunity?
According to information published on their website, CashFX Group (CFxG) is a company founded by an international team of experts in project management and financial markets, associated with a highly trained staff in the education area with the purpose of helping people master the necessary knowledge of trading to be successful. CFxG, however, does not list any of these individuals on their website, which leaves more questions than answers as to whether they are genuine.
Something Different, Something New
They claim to offer something different and something new, but the team that supposedly makes this possible is nowhere in the website for investors to view their credentials and verify their qualifications. They also claim that their brokers and partners are regulated by FAC, DFSA, and FSCA, but the names of these brokers and partners are not clearly listed on their website.
Cash FX Group also claims that its FOREX, Foreign Exchange Market has a daily movement of around $5.3 Trillion. Their website states that it is
“One of the largest, most liquid and most consolidated markets in the world.”
Now, this sounds exaggerated.
Potential Red Flags
Their procedure to becoming an ace trader where you need to register by opening an Fx account and joining the company, confirming email address and logging into the account, funding the bitcoin payment and choosing a product package to start learning and making profit all within a short period of time also sounds too good to be true.
They also claim to have an open books policy and that it operates transparently. This could only be true if they are open about their sponsors, directors, and other investment details.
The platform claims that they manage capital and investments globally through strategic alliances with most recognized institutions in the financial markets. None of these investors and partner companies are listed in the website for verification. CFxG has no mention of their location and offices where investors can reach them or visit their offices.
Our advice and recommendation is to avoid investing your cryptocurrency in anything that looks suspicious. There are enough red flags on the CashFx Group website. You cannot miss them even if you wanted to ignore them. We advise you to only invest in websites that have a credible record of accomplishment and whose information is easily verifiable.