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Cash FX Group / CFX


Does anyone know how risky or otherwise this set up CASH FX Group (CFX)  is please from knowledge or experience?

The construct feels like a home working pyramid sales approach but for investing on FOREX automatically!

Thank you

Comments

  • jimjames
    jimjames Posts: 18,193 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 7 April 2021 at 8:08PM
    What do you need to know? If it feels like a home working pyramid scheme then that may because it is. You are likely to lose all your money if you are doing FX, have a look at a recent post here where someone was scammed to see what can happen.

    If you are looking at things like this I assume you have already got a substantial share/investment  portfolio built up?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • fwor
    fwor Posts: 6,842 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 7 April 2021 at 8:03PM
    Second result on Google is this one:
    Based in Panama, believed (by the FCA) to be offering financial services in the UK without authorisation. What could possibly go wrong with that?

  • doe808
    doe808 Posts: 452 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    :lol: the sad thing is that people still fall for nonsence such as this.
    Total - £340.00

    wins : £7.50 Virgin Vouchers, Nikon Coolpixs S550 x 2, I-Tunes Vouchers, £5 Esprit Voucher, Big Snap 2 (x2), Alaska Seafood book
  • I joined passively in November 2020 and I have received over 5% return on my tradepool every week to date apart from Christmas week, which I understand the FX market closes somewhat. So far so good.
  • Scottex99
    Scottex99 Posts: 795 Forumite
    Ninth Anniversary 500 Posts Name Dropper Photogenic
    Deleted_User said:
    So far so good.
    ... as the man who'd fallen from the top floor of a tower block said when he was half way down.
    Haha. nice.

    I joined passively in November 2020 and I have received over 5% return on my tradepool every week to date apart from Christmas week, which I understand the FX market closes somewhat. So far so good.
    RIP trying to get those "profits" out
  • Reaper
    Reaper Posts: 7,338 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I joined passively in November 2020 and I have received over 5% return on my tradepool every week to date apart from Christmas week, which I understand the FX market closes somewhat. So far so good.
    Not only that, I predict you will go on being told you are making similar great profits in future. I expect you will decide to add more. Then one day you will try to withdraw it and you will be in for a nasty surprise.
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