CashFx Review – This is the online firm that offers you an opportunity to invest through different financial trading education levels that reflect the costs of the level that every person joins at. There are several reasons why you should choose for CashFx over other markets. It is larger than any other and way more liquidity.
CashFx Trading Review
Cash FX Group is generally a multi-level marketing platform that provides you with an opportunity to earn with promised referral commissions and return on investments.
The domain name was registered privately on 3-4-2019 as “cashfxgroup.com”. According to the official website, the official name of this online company is Cash Forex Group. The platform has gained a lot of attention due to their online income claims, but they don’t have any retailing products or services available. The platform claims that they trade the money you invest with them through some external sources and then give you a particular percentage of the gained profit.
When you take a closer look at the company’s website, affiliates are given access to the various packages of the Trade Academy Education that teaches them how to trade and better their finances. Since Cash FX has no retail services or products, the only thing that affiliates are to market the affiliate membership of the company. Once you sign up, you can invest money to participate in the multi-level marketing compensation plan attached.
What is the CFX Marketing System?
CFX Group company would invest your cash into Forex trading and later sharing the profit with you weekly. The online program assures you that you’ll make a certain percentage each month and also guarantees a 400% or 200% return.
You will receive a fixed amount as recruitment commissions and also keep balance with them. A percentage from the total balance will also be shared with you as some passive income. The marketing system is typically designed in a way that gives you profit after every 30 days, which gives the company adequate time to recruit some more people into the platform.
Is CashFx a Pyramid Scheme?
You can make money with CFX Group, but the money is not coming from selling retail services or products, or might not even be from Forex trading. If that is the case, then the money can only come from the investments made by the new affiliates joining the online company. It is also possible for you and other affiliates to continue getting paid by the Cash FX platform until the time when there will be no more people to recruit to the company.
You can also become a Cash Fx group affiliate by purchasing one of the Trade Contracts offered by the company. These Trade Contracts cost between $300 and $100,000. According to the site, 30% of the amount you invest will be utilized to fund the compensation plan of the company, while 70% is utilized on Forex trades.
For instance, if you purchase the Academy 90 Pack for $300, $90 will be used to pay the other company affiliates above you, and only $210 is used for Forex trades. That proves that you’re only making money from the money invested by the new people who join the Cash FX Group. However, each of the available packages offers you access to the CFX Group’s Trading Education Academy, qualifies you to earn residual and recruitment commissions and also earn an ROI every week from Forex trades.
Nevertheless, that is not just a one-time investment. According to the company website, once you have earned the promised 400% or 200% ROI, you need to reinvest to continue participating in the income opportunity offered by Cash FX Group. If you join the program with the Academy 90 Pack that costs you $300, you’re only entitled to get $420 that’s paid to you every week.
Read More>>>>CashFx Login | CashFx Withdrawal and Payment
Moreover, the amount you invest determines the amount of return on investment you’re entitled to earn typically between 200% and 400%. The more cash you invest in the system, the higher your ROI will be. This system is what is usually referred to as a Pay to Play model, where the earning potential of an individual in a certain program is mainly determined by the amount of money they can invest at the start. Generally, Pay to Play systems are among the common telltale signs of pyramid schemes.
Outside of the Cash FX Group’s passive investment opportunity, the online platform operates just like a pyramid scheme. The online company doesn’t have any retail customers, means that all the commissions are tied to affiliate memberships. Furthermore, in the multi-level marketing part of this business opportunity, you can clearly see that CFX is operating as a Ponzi scheme. If you register as an investor with CFX to make the 400% promised in returns, you can only do that by referring new affiliates to the program and encourage them to invest too.
If recycling the money invested by recruits is what is happening on the multi-level side of the company, then the same is probably happening on the trading side as well. The CFX Group’s compensation plan shows a pay to play tactic by restricting the program’s matrix levels based on the amount affiliates invests in the platform.
Is Cash FX Regulated?
Cash Forex Group platform claims to generate external returns on investment through some trading systems and algorithms. However, this online platform doesn’t provide any proof of trading or disclose any information about their alleged forex trading activities on the company’s website. Furthermore, while the Cash Forex Group provides a passive income opportunity, it does not give any evidence of registering the platform with financial regulators.
Cash Forex Group claims to be regulated by different regulation agencies but such as the Financial Conduct Authority of London (FAC), Financial Sector Conduct Authority of South Africa (FSCA), the Financial Services Authority of Seychelles (FSA), and Financial Services Authority in Dubai (DFSA). Without legally regulatory registration, the CFX Group investors have no way of showing that the online company is using external funds to pay out their returns.
You May Like: How to Earn Money On Gramfree
CashFx Sign Up – How to Register With CashFx Group Platform
- To start your registration, simply click @ https://stannab.cashfxgroup.com Or HERE
- Fill out your form and submit at the portal.
- Once your registration is approved and verified, you can now invest any amount of money you want.
- The profit from your money invested will be paying into your wallet on weekly basis.
For questions and contributions about Latest CashFx Review – How to Register With CashFx Group Platform, Use the comment box below.