Cashbax - Should I take the gamble and go self empolyed with them?

robmar17

I am part of an elite group of traders of forex and forex specific options. My manual trades have exceeded 8% per month over an extended term. This puts me into a group of only 1% of traders. Risk management has always been far more important than the returns, and it is an intrinsic measure of performance. Auto trading still has to be managed and monitored, but the results with an exceptional institutional grade EA are better than any manual trader could ever hope to achieve.

ILW

robmar17 wrote: »

I am part of an elite group of traders of forex and forex specific options. My manual trades have exceeded 8% per month over an extended term. This puts me into a group of only 1% of the highest perfoming traders. Risk management has always been more important than the returns, and it is an intrinsic measure of performance. Auto trading still has to be managed and monitored, but the results are far better than any manual trader could ever hope to achieve.

So the other 99% do not show that return. Statistcally we have to assume that around 50% must have to make a loss.

Apoth

I recently came across cashbax when my business partner suggested we may use them. I can see how they might work in marketing a product, but was very concerned about their money back claims. Looking at their marketing flyers, it seems like you give them a fairly large wedge of cash, and they give you about 10% back, with the promise of the full amount 7 years later!! The returns they talk about are obviously not achievable, but my business partner is still interested. Doing some research, I came upon this excellent site. Do I get the feeling from this thread that the owners of Cashbax have a checkered past?

davidgilgamesh

i fully understand the concept behind it and how it is supposed to work - what concerns me is.....
have you actually see a guarantee from CashBax that the company will actually deliver what it promises to the retailer in 7 years time...?
after you are giving (or gifting) them 20% of the sale price in the 'hope' they will do as they say.....
they do state that "Cameron & Co will guarantee the free rewards...."
thats a limited liability company ... so if it all folds they arn't paying out to anyone - lets see what happens in 6 years 10 months time....

comment welcome to
davidgilgamesh2@yahoo.co.uk

davidgilgamesh

and i presume you got it in writing what you commission will be in 7 years time and where you go to collect it???
or do they deliver it???

Treebean

It would seem that Cameron & CO the company behind Cashbax is about to launch a mark three version named MegaPoints (megapoints.biz) same format as moneybax, cashbax but this time charging £750 to become an agent or £15,000 to become a regional agent both plus vat. Anybody joined yet?

WannaSave_3

so the CashBax scam train trundles on...............


CashBax is simply a marketing name, it failed as a business as MoneyBax Ltd –see below Stewart Cameron company involvements :- oh and he calls himself CEO, Cashbax - the company is Cameron & Co - a tin pot estate agent in Perth - wow that business must be great eh!

MoneyBax,
company registration number 05677715
Date of incorporation 17/01/2006
Companies house status: Proposal to strike off
Trading status: Dormant
Last trading office – Milton Keynes, North Gate – one of their franchise holders previous office, who also has a sister working for the company who also used to represent Remax


and then there’s MoneyBax Trading :

company registration number SC360670 – 9 Charlotte Street Perth
Date of incorporation 04/06/2009
Companies house status: Dissolved



and Cameron & Co Ltd ( limited liability )
company registration number SC367215– 2 Charlotte Place
Date of incorporation 21/10/2009
Companies house status: Exemption, small trading



all this information can be verified by using the link :-

http:// "then" companycheck dot co dot uk /company/ "then the comapny registratcion number, use SC for scotland registered companies"


The common (indeed) denominator is Stewart Cameron.

The most CAB – Cash at back - is less than £20K – yet its stated the sales agents can earn £70K per annum!

Are you a franchisee that’s spent £15k on this!? How upset are you! - would you spend £750.00 to join this scam?

The business is nothing, apart from money taking for alleging marketing a companies’ products, no money back, no guarantee of return and indeed no CashBax – if there was – why would MoneyBax be ceased - - see above link if link if you don’t understand.

Richardc

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ILW

Sounds like you have fallen for the pitch.

ashleypride

Richardc wrote: »

Ok, but, for everyone that loses, there are those tha tgain. With Cashbax, their traders are returning a good profit.

Me thinks it is you who is completely clueless how 'financial markets' work.