Cash FX Group: Scam or Legit? [Review]

cash-fx-group-review

Welcome to one of the few honest and legit Cash FX Group reviews on the net.

I’m sure you have many questions and you haven’t found many answers surrounding this program and that’s just how it is.

You can’t tell if this is actually a legit trading platform or some kind of scam.

Heck, you don’t even know if there’s any real trading going on, like they say.

What you do know is that someone came up to you and told you that this was some crazy company that is paying them for doing absolutely nothing.

Maybe not to our front door but through social media like how every other program is marketed.

That then raises another question on why would anyone want to show you this if it was doing so great.

Lucky for you, I have had my run with these kinds of programs, so you can bet that I know exactly how they work.

I know why they exist, how the money is made, and why anyone would even promote it.

So if you want answers, this review will provide exactly that.

Now before you go back to the person who is begging you to join, let’s see what is really going on here.

They won’t tell you the kind of stuff I’m about to go over, so consider yourself lucky.

Not even some of its members know but that’s how they really want it to be.

I’m a straight to the point, no beating around the bush kind of guy, so I’m sure you will appreciate my honesty.

Without further ado, let’s get right into things.

Cash FX Group Review – Product Overview


Name: Cash FX Group

Website: www.cashfxgroup.com

Price: $90 (minimum)

Type of Business: Revenue sharing (revshare)

Overall Rating: 1/5 stars

Cash FX Group is nothing more than a recruiting based program that will make you money by doing exactly that. This is one of thousands of programs that “mine” for you, which of course comes with no proof.

Now here’s what you need to ask yourself. Would anyone do the work for you if something was making them money? Of course not. They would invest more and make more money for themselves.

But there is more to this stuff and I will be explaining everything below. Definitely far from anything I would recommend, so do join at your own risk.

What is Cash FX Group?


Cash FX Group comes off as program that shares the revenue it brings it through the trading done in the Forex market.

Hence the “FX” in their name.

Then they throw in other things like training and understanding the Forex markets and all that

However, that is not the case as this is a program that makes its money through the investments of its members.

There is no proof of any actual trading and there are many other sites like FX Trading Corp that utilize the same claims.

Those are just two other Forex trading/member investing type sites that have come and gone, leaving its members in debt.

Cash FX Group is no different and you will see that as we move further into this review.

The Product


In any business, I don’t care what it is, there is always going to be some kind of exchange for either goods or a service.

With Cash FX Group, it’s supposed to be a service that comes in the from of trading.

Now tell me this.

If you were to make money trading, would you share it with someone else so that they can make money?

Of course not.

You would invest more money and make more of it.

End of story.

Sure they make everything seem legit by paying out its members based on the package they purchase but that’s not a way to gauge things.

These kinds of “trading” sites that share its revenue are what us make money online people know as a “revshare”.

Not an actual revenue sharing company but one that does it in a way that is not really legit.

Back in the day, the product of choice was advertising, until they all came crashing down.

These days, they like to use crypto currency and trading.

Regardless of what “product” they choose, it is all the same thing.

How Cash FX Group Really Works


about-cash-fx-groupThe idea is that you invest some money and the company does the trading for you.

They say you’ll make a certain percentage every month and that’s about it.

Well, that’s not really what happens.

What really happens is this.

They have people put money in and offer a nice incentive to get others to join.

In the case of Cash FX Group, this incentive comes in the form of a percentage from every person that you bring into the company.

By doing so, you can bet that everyone and their mothers will promote this thing.

When more and more people join, this allows for the revshare software to pay its members based on the package they purchased.

The system is designed to put you in profit after about 30 days, which give the company enough time to recruit more members.

As long as this process continues, you can bet that you will make money.

Once newer members stop joining, you can bet that the payments will stop as well.

This will then lead to some excuses by the owners and a bunch of pissed off members.

That’s really all there is to it and if you can understand that much, you can them make a grownup decision.

But Will Cash FX Group Pay?


They actually will.

Like I mentioned earlier, as long as there are newer members joining this program, everyone will make money.

If no one joins after you, then you of course will not make a single penny.

The thing about revshares is that the owners have no intention of taking anyone’s money.

However, there is no way that any of these types of programs will last.

Period.

So whether or not you should join or if you will make a single profit is based on everything I just mentioned.

You can join and hope that you got in at the right time or you can hold on to your money and invest it into something more reliable.

Before You Join


As much as I would love to recommend various programs to you guys, I must lay down the facts before you make a move.

I was once in your shoes before and the decision was never easy when it came to revshares.

So before you go making any crazy decisions, let me show you what you need to lookout for.

Understand these things and you should be good to go.

There Are No Guarantees


If you are thinking about joining Cash FX Group or any other revshare for that matter, please understand that there is no telling what will happen.

Just because they are paying today does not mean that they will pay tomorrow.

I’ve joined revshares in the past that stopped paying after I put in over a thousand dollars and I ended up losing it.

I knew what to expect but I took the risk anyways.

Just because you put in money does not mean you will make any in return.

No Refunds


When you decide to put money in, don’t expect to get it back.

Too many people join these types of sites using their grocery money and then want to change their mind.

Don’t be one of them.

The system is designed to distribute funds automatically and it will not stop to issue any refunds.

Think long and hard before you commit to anything.

1 Month Before You Profit


Some of you might have seen all kinds of proof of earnings and they aren’t lying either.

What you do need to understand is that those people didn’t start making money right away.

It will take at least 30 days before you even get back what you put in.

From that point on, you will get any profits owed to you.

Now if people stop joining anytime in between then, you will not make any money.

A Bigger Investment is Required


Along with waiting a pretty long time to profit, you can also expect to put in a good amount of money to make it worth it.

This is also the same reason why they have their smallest package at $300.

Any lower and you will be wasting your time.

So that 6% or whatever percentage you are expecting?

You can wait 30 days.

If making $180/month is cool with you, then by all means, invest in Cash FX Group.

This is why I mention that you really need to put a nice chunk of change in to make it worth it.

It Will Not Last


I don’t care what anyone tries to do to keep these sites afloat, it will never happen.

Some revshares have gone as long as a year but 99% of them last no longer than 3 months.

If you are willing to take the risk, just hope and pray that you at least get your initial investment back.

And if you profit, more power to you.

Just understand that Cash FX Group will not last and will eventually shutdown just like every other revshare out there.

The Price


trade-academy-packs

We all know that it is not cheap to join Cash FX Group and that is probably the biggest reason as to why you are looking for reviews.

There are 10 different packs that you can choose from, with the cheapest being $300 and the highest being $100,000.

That is not a typo and I’m sure that freaked you out.

Believe it or not, there are people who put that kind of money in but they are usually those that got in early.

There are some that put in the big bucks and end up losing.

  • Academy Pack 90
  • Academy Pack 150
  • Academy Pack 300
  • Academy Pack 600
  • Academy Pack 1500
  • Academy Pack 3,000
  • Academy Pack 6,000
  • Academy Pack 9,000
  • Academy Pack 15,000
  • Academy Pack 30,000

Each pack mentioned has the same cash value as its name.

90 means $90 and yes, 30,000 means $30,000.

Each level also comes with a compensation of some sort, which rewards the person who brings in another member.

It’s somewhat complicated but I don’t feel it necessary to cover a whole lot on it.

I will cover the basics so you at least know and see why others are promoting this like crazy.

The Cash FX Group Compensation Plan


Cash FX Group doesn’t just offer an incentive for getting others to join the site but they also have it setup with a multilevel marketing type of structure.

These specific levels allow you to dip into 7 different affiliate levels from which you will earn accordingly.

There all kinds of terminology like “director”, “points volume, and all the things that come with companies like Kyani and other real MLM companies.

This is strictly in place so that people like yourself can get others to join.

Forget about trading as this is nothing but a Ponzi in disguise.

Some people could not care less but I’m not one to sugar coat things.

A spade is a spade, right?

Pros & Cons


Pros

  • Can actually make you money

Cons

  • Is recruiting based
  • No real products
  • No proof of trading
  • Makes money through new members
  • Will not last

Final Verdict: Not Recommended


I have the most unbiased outlook on this program and that’s because I know exactly how they work.

I’ve been apart of several in my career before finding a legit program that works, which is why I no longer promote them.

They are not sustainable and will not replace your 9-5 either.

You can make money if you get in right but please don’t let that make you think that I’m telling you that this is legit.

Is it a scam?

I wouldn’t say so as I’m sure no one is trying to steal your money.

However, you can bet that this very much falls under Ponzi scheme territory.

It is what it is and you need to make good judgment when it comes to Cash FX Group or anything similar.

not-recommended

My Recommendation


Join at your own risk.

Not only are these programs very risky but they are not something that you want to let others know you are involved with.

Like I mentioned over and over again, this is not a legit business and they will not last.

Just like every other revshare hyped company, Cash FX Group will soon be a thing of the past.

You will then have a bunch of unhappy campers that wish they never joined.

In the end, someone is going to lose and I’m hoping it’s not you.

Those that got in early will get rewarded, while those that get in late will foot the bill.

But you have been warned and I hope you can use some awesome judgment with this one.

Other than that, thanks for reading my Cash FX Group review.

If you are still confused with anything and have any questions, feel free to leave them in the comments section below.

As a matter of fact, go ahead and add your two cents if you feel I have left something out.

Until next time, don’t forget to be scam smart and always do your research.

Cheers!

14 thoughts on “Cash FX Group: Scam or Legit? [Review]”

  1. I found that cashfx is a scam. Also invested on their platform ,after they kept asking me for kyc I got suspicious and did not invest more. They did not give me my investment (50,000 €) nor profits back. Luckily chargebacksecured com helped me get my money back the right way.

    Reply
  2. April is coming to an end. Dude, thanks for the review.
    It was like 9 months now and CFX not only that still pays on regular but they even unlocked their matrix for 60 days so people can collect their matrix bonus without being restricted by their package size. This is probably due to Forex market being slowed down by covid19 lockdown so they are earning like 5% per week during corona state. Haters will say they simulate that to match the rest of the market. But they had their math correct some would say.

    Their broker everfx.com COO was on the event Nov 2019 and his words for CFX traders results do not match with your predictions. Take a look, this was long after you made this post: https://bit.ly/everfx-for-cfx
    So they lie? They are main global sponsor for the Sevilla FC club, so not a small company some people say. Would they risk their licenses for this? We even await May 2020 event where everFX CEO should come probably to present phase 2 of the company where people will have API to connect their own account with everfx to cfx account and copy trades. Right now there is webTV live where people who know how to trade track for the trades on this livetv and they made profits. Trading is real. Is it possible to earn 1-3% daily using good EA and pro human trader? It is, possible, even more, but such people (or institutions) do not share their results on myfxbook my friend. I also use russian davinci EA and I like how it works and I had seen people aiding this robot and earning like 4-7% in 1 day. Some day you can even earn 20% just for that day.

    Here are several months back for withdrawals of a random guy. When you click to green Completed, it takes you to the blockchain explorer transaction hash (for those who care). You can also see withdrawal request date and processed date is within 48 hours. If you want to see some tx hashes just name any withdrawal ID from those screenshots and I will be happy to provide them for you. Also note that all his matrix bonuses also got paid which means all his downline also got paid and withdrew.
    https://d.pr/i/HoUsqe
    https://d.pr/i/IBfJf6
    https://d.pr/i/RyTlZP
    https://d.pr/i/khELG9
    https://d.pr/i/npjxyL
    https://d.pr/i/3FlV72

    And my friend, this is not high return promise platform. They do trade with your money until they send yo u 200% back but that can happen in up to 12 months depending on the market state. Many people say that is too little.
    The rest of profit comes from selling the product to other people where you have additional 200% but this on is worked through your work.

    Point is, those people are trading, broker who works with traders even from before is testifying. But let’s see what phase 2 will bring. I am sick of people stumbling about those shallow paranoid reviews. Phase 2 will silence all that.

    Reply
  3. Those who are making money think that CashFX is not a ponzi because they are making money. That is exactly how any good ponzi scam works. They pay you! Atleast for awhile. Or up until either…1) The withdrawals become bigger than the deposits, or 2) The amount being generated becomes so big that jurisdictional authorities have to step in to shut it down to prevent many others from falling prey to the scheme, which has now gotten out of control. It appears that they are still too small for option #2. But when either of these options come to pass, and they will, its all over for CashFX, just like all the ones before and those that will spring up after it.

    Reply
  4. i fell victim of the swissgold bitcoin bit way back and I can’t afford to be another victim here. My friend who introduced this to me has been trying to convince me just like he did during the SwissGold era- this led me to this site to seek more clarification about the CashFX model.
    Good radiance to bad rubbish!!

    Reply
  5. How that suppose to work? I got recommendation from someone. So, etc i will buy package 300. And? Daily i will get what? Depending of what? Or monthly? Any fees?
    Requires SSN or not? Do u have any decision on site or not? Like, to spread money or pause invest..

    Reply
  6. Not sure what you guys are talking about. I did a withdrawal request and got my money within one hour, and it was a decent chunk of change.

    Reply
  7. It’s already begun… They are delaying withdrawals without so much a peep and all this right after the big launch, sad thing is the top leaders in the business are belittling the people who haven’t got paid yet in over 48 hours! I will never do business with these individuals again, word to those seeking a home business, start you a LLC and either buy, and resell products or learn how to trade and trade your own cash, because your sponsor will cut you at the knees if you so much as bring a concern about the pay and tell you that you shouldn’t join with your savings, and yet the reason people would join this is to make money no?

    Reply
    • Yeah man that’s how these programs are and regardless of what I say in these reviews, its members will always think otherwise. But, just like expected, the delayed payments have begun and now we will wait for the excuses. Then everything will be gone and it’s time to look for another “trading” platform or recruiting based opportunity. Are you in any other programs Bobby?

      Reply

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