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Cash FX Group

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Is Cash-FX a Scam or Not? Detailed Cash-FX Review, which is a must read before you trade with this Forex broker. Read all Cash-FX pros and cons, full description of trading accounts, platforms, spreads, promotions.
Is Cash-FX a Scam or Not? Detailed Cash-FX Review, which is a must read before you trade with this Forex broker. Read all Cash-FX pros and cons, full description of trading accounts, platforms, spreads, promotions.

Operating status: SCAM

Website: https://cashfxgroup.com/

Broker violations and abnormal records
  • 2021-04-25 The Belgium FSMA Added Cash FX Group into Its Warnings

    On 26 April 2021, the Belgium Financial Services and Marketing Authority (FSMA) issued a warning to watch out for Cash FX Group. You may visit: https://www.fsma.be/en/warnings/watch-out-companies-offer-trading-software-expert-advisors

    On 26 April 2021, the Belgium Financial Services and Marketing Authority (FSMA) issued a warning to watch out for Cash FX Group. You may visit: https://www.fsma.be/en/warnings/watch-out-companies-offer-trading-software-expert-advisors
  • 2023-01-16 The Portugal CMVM Added Cash FX Group into Its Warnings

    On 17 Jan 2023, the Portuguese Securities Market Commission (CMVM) issued a warning that Cash FX Group was not authorised to carry out any type of financial intermediation activity in Portugal. You may visit: https://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/20230117k.aspx?v=

    On 17 Jan 2023, the Portuguese Securities Market Commission (CMVM) issued a warning that Cash FX Group was not authorised to carry out any type of financial intermediation activity in Portugal. You may visit: https://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/20230117k.aspx?v=
  • 2022-02-06 The Italy CONSOB Added Cash FX Group into Its Warnings

    On 7 Feb 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Cash FX Group is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela


    On 7 Feb 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Cash FX Group is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
  • 2021-08-31 BrokersView Has Reviewed that Cash FX is an Unregulated Forex Broker

    Cash FX claims to be a Panama-based company under registration RUC 155665763-2-2018 DV 25. Nevertheless, the Panama Superintendencia del Mercado de Valores (SMV) does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So Cash FX is currently not regulated or not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

    Cash FX claims to be a Panama-based company under registration RUC 155665763-2-2018 DV 25. Nevertheless, the Panama Superintendencia del Mercado de Valores (SMV) does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So Cash FX is currently not regulated or not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2022-07-21 The Bahamas SCB Added Cash FX Group into Its Warnings

    On 22 July 2022, the Securities Commission of The Bahamas (SCB) issued a warning that Cash FX Group is conducting financial activities without authorization. You may visit: https://www.scb.gov.bs/wp-content/uploads/2022/07/SCB-Public-No.-6-of-2022.pdf

    On 22 July 2022, the Securities Commission of The Bahamas (SCB) issued a warning that Cash FX Group is conducting financial activities without authorization. You may visit: https://www.scb.gov.bs/wp-content/uploads/2022/07/SCB-Public-No.-6-of-2022.pdf
  • 2022-03-07 The Ontario OSC Added Cash FX Group into Its Warning

    On March 8, 2022, the Ontario Securities Commission (OSC) issued a warning that Cash FX Group is not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/cash-fx-group


    On March 8, 2022, the Ontario Securities Commission (OSC) issued a warning that Cash FX Group is not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/cash-fx-group
  • 2021-10-05 The Australia ASIC Added Cash FX Group into Its Warnings

    On 6 October 2021, the Australia Securities Investments Authority (ASIC) issued a warning that Cash FX Group is not licensed to provide financial services in Australia, meaning that consumers will not have the same protections when dealing with an Australian financial services licensee. You may visit: https://asic.gov.au/about-asic/news-centre/articles/alert-suspicious-investment-opportunity-from-cash-fx-group/

    On 6 October 2021, the Australia Securities Investments Authority (ASIC) issued a warning that Cash FX Group is not licensed to provide financial services in Australia, meaning that consumers will not have the same protections when dealing with an Australian financial services licensee. You may visit: https://asic.gov.au/about-asic/news-centre/articles/alert-suspicious-investment-opportunity-from-cash-fx-group/
  • 2021-07-04 The Ireland CBI Added Cash FX Group into Its Warnings

    On 5 July 2021, the Central Bank of Ireland (CBI) issued a warning that Cash FX Group has been operating as an investment firm/investment business firm in the State in the absence of appropriate authorisations. You may visit: https://www.centralbank.ie/news-media/press-releases/warning-on-unauthorised-firm-cash-fx-group-5-july-2021

    On 5 July 2021, the Central Bank of Ireland (CBI) issued a warning that Cash FX Group has been operating as an investment firm/investment business firm in the State in the absence of appropriate authorisations. You may visit: https://www.centralbank.ie/news-media/press-releases/warning-on-unauthorised-firm-cash-fx-group-5-july-2021
  • 2021-06-09 The Singapore MAS Added Cash FX Group into Its Warnings

    On 10 June 2021, the Monetary Authority of Singapore (MAS) issued a warning that Cash FX Group is not authorized to provide financial services in Singapore. You may visit: https://www.mas.gov.sg/investor-alert-list?q=Cash%20Forex%20Group&sort=&page=1&date=2021-01-01T00%3A00%3A00.000Z%2C2021-12-31T00%3A00%3A00.000Z

    On 10 June 2021, the Monetary Authority of Singapore (MAS) issued a warning that Cash FX Group is not authorized to provide financial services in Singapore. You may visit: https://www.mas.gov.sg/investor-alert-list?q=Cash%20Forex%20Group&sort=&page=1&date=2021-01-01T00%3A00%3A00.000Z%2C2021-12-31T00%3A00%3A00.000Z
  • 2021-04-26 The Philippines SEC Added Cash FX Group into Its Warnings

    On 27 April 2021, the Philippines Securities and Exchange Commission (SEC) issued a warning that individuals or groups of persons representing CASH  FX/CASH  FX  GROUP/CFX are soliciting  investment  in  the Philippines without the necessary license and/ or authority the Commission. You may visit: https://www.sec.gov.ph/advisories-2021/cash-fx-cash-fx-group-cfx/

    On 27 April 2021, the Philippines Securities and Exchange Commission (SEC) issued a warning that individuals or groups of persons representing CASH  FX/CASH  FX  GROUP/CFX are soliciting  investment  in  the Philippines without the necessary license and/ or authority the Commission. You may visit: https://www.sec.gov.ph/advisories-2021/cash-fx-cash-fx-group-cfx/
  • 2019-04-14 The UK regulator FCA added Cash FX Group into its blacklist

    The UK’s Financial Conduct Authority (FCA) added Cash FX Group to its warning list, claiming that the company was targeting people in the UK without authorization from them: https://www.fca.org.uk/news/warnings/cash-fx-group.

    The UK’s Financial Conduct Authority (FCA) added Cash FX Group to its warning list, claiming that the company was targeting people in the UK without authorization from them: https://www.fca.org.uk/news/warnings/cash-fx-group.
  • 2021-03-02 The Manitoba MSC Added Cash FX Group into Its Warnings

    On 3 March 2021, the Manitoba Securities Commission (MSC) issued a warning that Cash FX Group is not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. You may visit: https://recognizeinvestmentfraud.com/alerts-cautions/investor-caution-cash-fx-and-cashfxgroup.com

    On 3 March 2021, the Manitoba Securities Commission (MSC) issued a warning that Cash FX Group is not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. You may visit: https://recognizeinvestmentfraud.com/alerts-cautions/investor-caution-cash-fx-and-cashfxgroup.com
  • 2021-02-07 The Jersey JFSC Added Cash FX Group into Its Warnings

    On 8 February 2021, the Jersey Financial Services Commission (JFSC) issued a warning that Cash FX Group may be offering financial services and products in the Island without holding a licence to do so. You may visit: https://www.jerseyfsc.org/news-and-events/warning-cashfx/

    On 8 February 2021, the Jersey Financial Services Commission (JFSC) issued a warning that Cash FX Group may be offering financial services and products in the Island without holding a licence to do so. You may visit: https://www.jerseyfsc.org/news-and-events/warning-cashfx/
  • 2021-01-31 The New Brunswick FCNB Added Cash FX Group into Its Warnings

    On Feb 1, 2021, the New Brunswick Financial and Consumer Services (FCNB) issued a warning that Cash FX Group is not registered to trade in, or advise on, securities or derivatives in New Brunswick. You may visit: https://www.fcnb.ca/en/news-alerts/investor-alert-cash-forex-group-cfx

    On Feb 1, 2021, the New Brunswick Financial and Consumer Services (FCNB) issued a warning that Cash FX Group is not registered to trade in, or advise on, securities or derivatives in New Brunswick. You may visit: https://www.fcnb.ca/en/news-alerts/investor-alert-cash-forex-group-cfx
  • 2021-01-26 The Saskatchewan FCAA Added Cash FX Group into Its Warnings

    On 27 Jan 2021, the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) in Canada issued a warning that Cash FX Group is not registered in any capacity with the FCAA. You may visit: https://fcaa.gov.sk.ca/public/CKeditorUpload/Alerts/Investor_Alert_-_CashFX_Group_-_January_2021_-_FINAL.pdf

    On 27 Jan 2021, the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) in Canada issued a warning that Cash FX Group is not registered in any capacity with the FCAA. You may visit: https://fcaa.gov.sk.ca/public/CKeditorUpload/Alerts/Investor_Alert_-_CashFX_Group_-_January_2021_-_FINAL.pdf
  • 2020-11-09 The British Columbia BCSC Added Cash FX Group into Its Warnings

    On 10 Nov 2022, the British Columbia BCSC issues a warning that Cash FX Group is not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2020/cash-forex-group

    On 10 Nov 2022, the British Columbia BCSC issues a warning that Cash FX Group is not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2020/cash-forex-group
  • 2020-09-03 The Norway Finanstilsynet Added Cash FX Group into Its Warnings

    On 4 Sep 2020, the Financial Supervisory Authority of Norway (Norway FSA) issued a warning that Cash FX Group is not authorised to provide investment services in Norway, and therefore lacks the licence required under Norwegian law. The company is consequently not subject to Finanstilsynet's supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends investors not to enter into agreements with or transfer assets to this broker. You may visit: https://www.finanstilsynet.no/en/investor-alerts/2020/cash-fx-group/

    On 4 Sep 2020, the Financial Supervisory Authority of Norway (Norway FSA) issued a warning that Cash FX Group is not authorised to provide investment services in Norway, and therefore lacks the licence required under Norwegian law. The company is consequently not subject to Finanstilsynet's supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends investors not to enter into agreements with or transfer assets to this broker. You may visit: https://www.finanstilsynet.no/en/investor-alerts/2020/cash-fx-group/
  • 2021-04-08 The New Zealand regulator FMA added Cash FX Group into its blacklist

    On 9 April 2021, the New Zealand's Financial Markets Authority (FMA) recommended exercising caution before dealing with Cash Forex Group/ CashFX Group: https://www.fma.govt.nz/news-and-resources/warnings-and-alerts/cash-forex-groupcashfx/.

    On 9 April 2021, the New Zealand's Financial Markets Authority (FMA) recommended exercising caution before dealing with Cash Forex Group/ CashFX Group: https://www.fma.govt.nz/news-and-resources/warnings-and-alerts/cash-forex-groupcashfx/.
  • 2020-09-13 The Panama regulator SMV added Cash FX into its blacklist

    The Superintendence of the Securities Market of the Republic of Panama (SMV) warned that Cash FX Group has not been granted any type of license or registrations by the SMV, therefore is not authorized to perform activities related to the securities market: https://supervalores.gob.pa/cash-fx-group-s-a-public-release/.

    The Superintendence of the Securities Market of the Republic of Panama (SMV) warned that Cash FX Group has not been granted any type of license or registrations by the SMV, therefore is not authorized to perform activities related to the securities market: https://supervalores.gob.pa/cash-fx-group-s-a-public-release/.

Related Complaints

Q&A

Is Cash FX licensed? https://cashfxgroup.com/

William
Brazil
2021-10-29
ANSWER Cash FX is an UNLICENSED broker and should be avoided at all events. This broker claims to be a Panama-based company under registration RUC 155665763-2-2018 DV 25. Nevertheless, the Panama Superintendencia del Mercado de Valores (SMV) does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So Cash FX is currently not regulated or overseen by any financial regulator. What's worse, the UK's regulator FCA, the New Zealand's regulator FMA and the Panama's regulator SMV have successively added Cash FX to the alert list to warn the public that this firm is not authorised to provide the investment services in their countries. You can check full alert or warning from FCA, FMA and SMV on Cash FX respectively. As per the evidences above, our final verdict is that Cash FX is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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I want to trade with Cash FX Group. Do you recommend this platform?

Lonwabo
Libya
2023-07-11
ANSWER Cash FX Group is an unlicensed broker that has received a lot of warnings from financial watchdogs. We strongly advise you against trading with the fraudulent platform no matter how tempting the deals it offers.Cash FX Group claims to be located in Panama, which doesn't have any specific regulator responsible for forex trading. As such, Cash FX Group, as a forex broker, is unsupervised.Additionally, Cash FX Group has been warned by 18 financial watchdogs for illegally offering financial services or products, including the Italy Commissione Nazionale per le Società e la Borsa (CONSOB), the Securities Commission of The Bahamas (SCB), the Australia Securities Investments Authority (ASIC), and the UK Financial Conduct Authority (FCA). To access all these warnings, please refer to our full review of Cash FX Group.Concerning your inquiry, we strongly suggest you avoid Cash FX Group due to its regulatory status. It is an unlicensed broker and various financial regulators have warned the public of the risks involved. Your money and personal information are not protected if dealing with this platform. To mitigate such risks, investors are encouraged to stay away from unlicensed brokers like Cash FX Group and choose a fully regulated one.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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