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Is CashFXGroup a Scam Broker?
CashFXGroup promises to “expand possibilities” and to help clients “achieve the impossible.” Whether a company is selling trading or soap, it is best to stay away from claims like this. “Expand possibilities” is such a vague phrase that it sounds like low-quality marketing fluff. No one should promise to help someone “achieve the impossible.” A broker instead should give realistic targets.
Is CashFXGroup a Scam or Legit Broker?
CashFXGroup does indeed promise the impossible and tells traders they can make 20% per month. Given that the average yearly return from a licensed is only 10%, this claim can’t be taken seriously. There is little wonder that ASIC has issued a warning about this broker. ASIC is a top-rated regulator and it is essential to pay attention to their warnings. It is a better idea to look for a regulated broker that gives believable targets and more information about their background and services.
Here are some problems we have discovered from our research on CashFXGroup and reviews:
- Not licensed
- Warning from ASIC
- Impossible guarantees
- No visibility
- Negative reviews
Our experts do not recommend CashFXGroup. We encourage visitors to do research, read our broker reviews, and select regulated brokers. If you have been scammed by CashFXGroup or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery.