Beware! Cash FX Group is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Cash FX Group is a Forex broker like no other. It’s a legit enterprise, but offshore one, which doesn’t care about the safety of the traders’ funds. At the same time, they are blacklisted in Europe, which is the final proof that a particular broker is fraudulent and should be avoided. They pretend to offer Forex products and services, but at the same time, you are not allowed to register unless you take part in their MLM schemes. Cash FX Group offers educational services included in the Investment packs, 17 trading plans and generous bonuses, but at the same time shave off the withdrawals of the traders with at least 20% in fees. They also sell EAs and Artificial Intelligence trading solutions that are supposedly developed by them.

Cash FX Group has a nice website though, but it’s the single positive comment that we will make. Find out why in the full Cash FX Group review.


Cash FX Group is a broker that originates in Panama- an offshore jurisdiction that poorly regulates its financial sector. Panama Papers was a disastrous scandal that shook the world back in 2016, and it made the headlines throughout the year. After the supreme failure, the Central American country allegedly took some steps to improve. Still, we can see that they have barely progressed since they allow a legit Panama company to run dubious schemes that might possibly be a fraud. There is a minimum capital requirement of $150 000 if a broker wants to operate from the country, but the lack of other customer protection measures is striking.

Warning! Cash FX Group is as clear as mud, and we advise that you should stay away! FCA-the British financial authority agrees, and they published an official warning, confirming that Cash FX Group is a broker to avoid.

Your funds are in danger if you make a deposit with Cash FX Group because it’s low-regulated blacklisted Forex broker, notwithstanding it’s a legit business in Panama!

The best choice for a trader is either a CySEC regulated (EU) or FCA regulated (UK) broker, which are not surprisingly the leading companies in the retail Forex industry. The customer protection is placed on top of their priority list, not because they want to, but because they have to. In these domains, the Forex brokers have to comply with many strict rules and regulations, such as minimum capital requirements of 730 000 EUR, personnel qualification standards, segregation of the clients’ accounts etc. But most importantly, there are money protection schemes in operation, such as ICF in Cyprus and FSCS in the UK, which guarantee the deposits of the traders. Under CySEC(Cyprus) supervision, you can claim up to 20 000 EUR in compensation per client, while in the UK under FCA you are guaranteed of even up to 85 000 GBP per client. Each EU member state is compelled to create and further operate similar insurance funds, which are seen to be the last resort for the traders, in case a Forex broker faces difficulties to meet its financial obligations.


MetaTrader4 and MetaTrader5 accounts are not available for trading with Cash FX Group. Metatrader is the leading Forex trading platform worldwide and features sophisticated tools such as Expert Advisors, Algo Trading, Complex Indicators, its own programming language- MQL and even a marketplace. We recommend that the trader should look for legit MT brokers because of the vast trading resources accessible.

Warning! We couldn’t access any platform of theirs because a sign up was impossible for us. Have a look!

Warning! No demo trading available! It’s a must for a broker to provide the clients with a virtual money practice account before they start trading with real money. And it’s a must for the trader to test the broker first!

No information about spreads and leverage levels at disposal! They didn’t even elaborate to set out the two fundamental trading components for the traders. The spread is the price to execute a trade, and by reason, the lower the spread, the bigger the profit potential.

The leverage is a powerful financial tool that allows the traders to amplify the profits but comes at a cost as the risk escalates. EU, UK and Australia (coming into effect from the spring of 2021) forced a leverage cap of 1:30 as a customer protection measure. The USA imposed a maximum allowed ratio of 1:50 for the American brokers. We recommend that the traders should stop looking for brokers offering higher ratios because they might quickly end up being scammed. Not to mention that scammers are taking advantage of it and build their marketing strategy on the increased leverage levels such as 1:500 or 1:1000.


No comprehensive information about minimum deposit requirements or funding methods available. The website and the Terms document is entirely dedicated to the MLM scheme that Cash FX Group operates. We assume that the minimum initial deposit is 300 USD with their Elemental Academy pack. $90 from the $300 deposited is a sort of educational fee, so the trader is left with $210 at disposal for trading!

The single funding method available is Bitcoin and that’s a red flag because a chargeback is impossible if you make a Cryptocurrency deposit! Common payment systems, such as Credit/Debit cards, Wire Transfers, Skrill or Neteller, are not available for deposits.

The withdrawal policy is an utterly despicable one! No minimum withdrawal amount specified, but each withdrawal will be subject to a withdrawal fee of 20%. It’s a shocking clause, but they state that the fees are transferred to some bonus funds pool that’s available for trading when you take part in their promotional schemes.  Shonky business whatsoever! The regulated brokers process the withdrawal requests quickly and do not collect fees, so you should trade with them and forget about roguish entities as Cash FX Group.

No dormant account policy found. It’s a policy that comprises of rules and conditions that determine how the brokers handle the accounts that have become inactive- no login or trading. The regulated companies will charge a fee of no more than 5 to 10 dollars per month at most.

There is an abundance of bonuses offered such as a Trading Pool, Fast Start Bonus, Uni-level Bonus, Forced Matrix Bonus etc. In fact, the business of Cash FX Group is bonus-based, but we are not going into details, because it’s a warning sign itself! The standard bonuses awarded by the brokers are not free money but a leverage tool that further increases the risk. In this case, however, the bonuses are elements of a winding MLM scheme that you should never get involved in. We’ll remind to our readers- Cash FX Group is an FCA blacklisted Forex broker!

Warning! If you don’t want to participate any more, you will not be able to take more than 70% of your funds. In fact, after all the fees that apply, you will barely get anything back!


The scammers and the offshore brokers are crazy about bonuses and promotions. Everyone loves gifts and candies, and the scammers are taking advantage of in their attempts to lure the people! It’s a warning sign that many traders are searching for brokers that offer bonuses or promotions because they might end-up trading with scammers. EU and UK disallowed the regulated brokers to offer trading incentives, because of the risks involved. At the same time, the scam brokers went in love with the bonuses, as they saw a unique opportunity to rip off the clients more efficiently, especially if the trading incentives are combined with increased leverage such as 1:500.

The bonuses are not free money, but a leverage tool that significantly increases the risks for the traders. The sham brokers, however, will not explain this to the clients but will let them believe that they’ve hit the jackpot. Precisely the opposite is true though because the trading incentives entirely benefit the brokers, not the traders. Moreover, the scammers will not miss the chance to introduce additional provisions and requirements that are way too challenging to meet and often block the funds in the account, making it impossible for the traders to make a withdrawal.


No one is immune to scam, and anyone can fall into the trap. Scammers are always looking for new and different ways to scam consumers. What you need to do first, in case you got scammed, is to protect yourself from further risks. Contact your bank and explain to them your situation, they will give you necessary instructions to follow and will help you, if possible, recover your money.

Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing. Seek help actively!

It’s essential not to rush blindly trying to recover your funds because many scam recovery agencies and individuals are stalking, aiming to double scam the victims. These will most likely ask for an advanced payment, but will do nothing to help you recover your losses!

Share online your experience; it’s important to protect others, as well. Be responsible!

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  1. Cash fx is a real scam . Soon they will close down .
    I invested 25,000 usd 3 months ago . I got paid only one week since then no money. There is no phone number to call . They not even responding to my email . When I ask my up line he is not giving proper answer. I don’t even know how to take this company to court. Since they are in Colombia . All my hard earned money is gone . I think this company website soon will disappear and all will loose there money . Guys spred the word save people. Don’t get this scam trap .

    1. Kulagan, either you invested in a group pretending to be cashfx or your simply telling lies!
      Cashfx pay out every single Saturday without fail.
      And you say you invested 25,000?? No such package exists so I think your basically just telling lies.
      And you even say they’re in Columbia…good Lord man, how many principles can you get wrong in one sitting!!

      1. Thank you Kevin M. for your feedback. I am in the decision making process and have tuned into meetings for the past two weeks.

      2. Example:-
        Contract pack= $1000 less 30%
        = Trading Pack = $700
        Max of 200% in commissions
        = $ 700 x 2 = $ 1400 placed into your Cashfx back office account.

        Less 20 % when you do a withdrawal into your external Bitcoin wallet
        = $ 1120..
        You basically have recovered your funds. No fortune.
        Sorry we have dupped you.

        1. If you have a $1000 Trade pack then yes, they do only trade $700 but your max 200% is on the entire $1,000. So you can make $2,000 on that pack. Then you take into account the -20% withdraw fee and are left with $1,600. Not $1,120.

          1. What’s the timeframe for this 200% tho

          2. $4000 actually on a $1000 contract. Minus 20%.Dont forget the bull and bear.200% on each.Bloody marvelous.

        2. Let me correct you a , mr missinformed dude Rod!

          Contract Pack = 1000$
          Trading pack = 70% = 700$
          Academy – 30% Comission
          Your 1k will go up to 2k not 1400.
          If you decide to let your contract expire 2x. you will have 600$ profit after Withdrawl fee.

          But the compounding effect is nothing you guys mention.. If you wanna go up to 2k contract you only pay 1k with the trading gains you already making, if you are passive.

          I dont see CFX as an investment , and neither should you.. its more like a saving with better terms than a bankaccount. + you dont need to add more money from your own pocket if you dont want to.

          + You will get access to the academy education wich is amazing. Learning while you earning.

          1. Let me correct you Mr missinformer : yes, you can go up to 200% of your Bear capital but your 1k will not get to 2k in such a way that you can make 200% … And why is that? Because when you upgrade from 300 to 500 your Bear capital never goes back to 0% I started with 300 and upgraded to 500.i now need 500 clear to upgrade to 1000. Don’t forget the 20% so in order to clear 500 I have to earn 635usd which will also be enough for the wallet fees. Right now I’m on just over 500usd but I’m on 170% and should be just over 100%! Reason is because cashFX takes your Lifetime earnings when calculating the Best capital … Therefore you can never make 200% of your pack value. In my case, I will not be able to ungrade to 2000 unless I put in an extra 200usd. Had I known this I would have not bought in to cashfx. They don’t lie to you, they just don’t tell you the rules in the correct way.

      3. Yes he is lying

      4. bullshit mate i have been witing for my withdrawel for over 6 months now and after you got your invested money back they wont send you youre comissions anymore

    2. Starting to unravel now I’m on a whats app group for cash fx , I put £200 into it for a bit of fun thinking I could follow real trading , then reading up on it I stayed in the whats app group just to watch the eventual collapse, they are now spooked and you can feel the the fear now that their money is at risk people trying to withdraw their money and not being able to , the end is on sight

      1. They don’t have a $200 trading pack

        1. He’s in the UK, as he says £200 so he probably paid about £220 for the basic $300 pack.

      2. Rubbish. They don’t have a $200 trading package

    3. Go and the sums. You may as well go and leave your money in the bank. And take weekly draws.
      Their marketing blah, blah is “smoke and mirrors”
      A rainbow is an optical illusion and there is no pot of gold at the end.
      Wait in time Cashfx will disappear like a rainbow

  2. Yes you gor scammed.Real cfxgroup package dont have 25k tradinv package. They pay every satursay since i started in October. I dont evem have a referrals.i just paied by trafing commission. Secind they are nit in columbia…. next they donr claim and they atd nit a briker. They use EverFX as broker,they use their own software and have a copy trading and im one of the beta tester

    1. Yes, after a month with them, I realised we we have been dupped. Now four months down the line Cashfx have started the no pay, with excuses of blah blah on their website. A week later you can’t even request a withdrawal for the current week as your previous withdrawal request has not been fulfilled.
      To all you Cashfx believers go and do the maths.

      Here is the basic sums:-
      Contract less 30% = Trading Pack
      You then get a max of 200% in commissions which they take a further 20%
      $ 1000 Trade Pack less 30 %
      = $ 700 Trading pack
      = $ 700 x 2 = $1400 placed into back office account.
      = $ 1400 less 20% = $1120 (11.20 % return on +- 10 months trading ??
      You have basically got back your money. Certainly you could leave it in a bank account and taken monthly draws

    2. Pls my bro I just joined CASHFX and I wanted to ask is my investment save? Pls reply because am invited my family as well into it, pls I need respond very urgent sir thanks

  3. My mother has/is doing this. I have listened to some information and it’s obviously a scam for those that don’t know how to invest. It’s a scam to get you to trust them, but they never provide the details of what the actual trades were executed (if any!?!) For all you out there considering thistry Motley Fool instead. Or you can just be a fool and do the scam

  4. I invested 500 dollars with cashfx, the lady that was helping me was always busy when I needed some explanation and help.I gave up in the end and I was trying to find information on my own.Pass few months I was not able to log in in my account and I was told to reset my account .When I got around to reset it I was not able to reset because my details no longer existed with this company ,yet I have been with them from last year August.I decided to contact my upline but she continued to play hide and seek with me ,I don’t understand her business because she could have sent me a message to tell me what was going on.I tried recently to contact her about the same account but she tells me to open another account and forget about the old one.I DO no know why because I cant get through to cashfx as well.

    1. Contact the powerteam. Some uplines are just unhelpfull. However if you bought the 500k trading pack why were you not loggingin once a week to see your profits and withdrawing?

  5. Dear, I bought from a $ 300 package. do I still have to do anything to make money? Is it automatic that there is trade for me? please let me know.

    1. I’m confused is it actually a scam or a long term investment

      1. What are the stages of investment and it’s benefits

  6. CashFX is NOT a broker. It’s a ponzi scheme.

    1. how would you know

  7. CashFX is a ponzi scheme and will collapse and exit scam one day been going since March 2019
    Quite a while for a ponzi scheme but only time will tell the clock is ticking and one day website is gone get your money out as soon as you can you have been told.

  8. Consultgenix USA

    Good Review. But Investgenix USA makes a review with this topic. I think every investor can read.

  9. So, whats the contact details, because I tried to withdraw 6 weeks ago, its still pending, I don’t have anyone to call.

  10. One month waiting for money now, they were however quick enough to siphon off the 30% at the start. They are relying on as many people as possible “reinvesting” numbers (not money) shown on screen to make numbers even bigger. These are just numbers guys, there is no money, I can type $100,000 here and that’s all it is. typed on a screen. This is all the cfx site is – numbers on a screen to draw people in. One or two early, unscrupulous, sharks make a lot of money – basically stealing it from the likes of you and me. Give them no more, and may this all end very quickly

  11. its a total scam.

  12. Hi my name Thierba De mava now is two weeks I didn’t receive my commission I don’t know why I don’t have your contact number

  13. my friend has been suxcked in and after investing $1k after 6 months has added another $15k . He wants me to invest too as his daily balance increases and its hard to overlook these figures. Money is very tight for us and I am worried that he will lose it all however he is monitoring all the watsapp chats and he says people are getting their funds back.

  14. BEWARE!!! On the 5 August 2021, I “bought” the Academy Pack 90 Trade Pool Deposit 210 Leadership Program 150 for US$300. The transaction was funded in BTC from VALR but the transaction was were never allocated to my CASHFX account. Numerous tickets were logged by myself as well as my sponsor and met with absolutely NO RESPONSE WHATSOEVER. BEWARE!!!!!

  15. I’m new here and I want to invest with minimum package of $300 with cashfx.hope my money is safe because I’m a student and I also need some one to teach me the forex trading so that I can be a boss on my own.

    1. You’ve made a wise decision. You’ll see results of about 20% a month. You should decide if you want to withdraw the money regularly, or climb the pack ladder and upgrade when your balance reaches the amount needed to upgrade internally. I’d do the latter, if you have faith in it.

      1. Cash Quest – You’re the last to be promoted this scam on YouTube. Your videos are funny though. You do know that promoting a ponzi can get you into a lot of trouble. Hope your downline don’t report you to the authorities, actually hope they do.

  16. They are a complete scam, I invested in the 100k$ package and after a few months started getting no money anymore. I filed many tickets and even asked in the whatsapp group. They REMOVED me from the whatsapp group and now dont answer my emails at all and I am down 100k$ and dont know what to do. I even told friend to invest in this SCAM and am afraid. They make you send it in bitcoin so they cant be tracked. I dont know what to do with my life.

  17. For some reason I was removed from the whatsapp and telegram group after asking why the withdrawal problems were occurring. There are a lot of people saying online that it is a scam too and the address they say the business is at is false

  18. CashFX Group are a scam. I invested in a USD $300 package and I have been getting weekly trading commissions for some months. Now they have locked me out of my account. I can’t log in and I can’t access my account or my money. The people upline say they can only send an email request to CashFX Support for my account to be unlocked. CashFX support aren’t responding to the email requests and the upline people say they can’t help any further as there is no-one to contact. They are thieves.

  19. Cash FX seems to be dubious:
    No site notice
    No telephone-number
    No Domo-account
    Forex is always traded in USD – but payment are only in Bitcoin possible – very strange!
    CFX is on various Blacklists and Warninglists (also in Panama)
    CFX has non licence
    And, and, and…

  20. It is very difficult for you to get access to your funds with them I got a confirmation from other victims affected in scam query sure how to get access to your funds

  21. Very dubious, waiting 8 months for my withdrawal. In the back office shows pending. Too much lies, hacked, backlogs, now debit cards. Nobody can give proper details in what’s happening.

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