Cash FX Group / CFX

WALRUS_OF_LOVE

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

jimjames

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?

fwor

Second result on Google is this one:

https://www.fca.org.uk/news/warnings/cash-fx-group

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

the sad thing is that people still fall for nonsence such as this.

stuart301980

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

Deleted_User said:

stuart301980 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.

stuart301980 said:

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

Eyeful

Is this who you mean?
https://www.scamadviser.com/check-website/cashfxgroup.com
https://www.fca.org.uk/news/warnings/cash-fx-group

Reaper

stuart301980 said:

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.