In this section we will tell you why You should NOT invest in CFX. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about CFX and tell you why we came to such a conclusion:

Basic Information

🌐 Websitecashfxgroup.com
🏠 CompanyCashForexGroup
Regulationnot regulated
📧 Emailcontact directly from the website
📈 Platformown platform
📌 AddressPanama

⚠️ CFX is owned by Cash Forex Group, the company is located in Panama, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️

Account types

We now move on to discussing the account types that CFX offers, in this case, we see that it offers 15 academic packages: 5 elementary packages, 5 advanced packages, and 5 supreme packages.

Information on the web

CFX website

CFX provides information about the services it offers, explanation of some important concepts, really not much more than this.

List of phone numbers

  • So far the company does not have phone numbers.

🚫 Final CFX Valuation 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH CFX.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

updates

CFX news:

DateUpdate – news
April 2021Complaint against CFX from financial regulator: FSMA.
July 2021Complaint against CFX from financial regulator: CBI.
October 2021Complaint against CFX from financial regulator: SMV.
February 2022Complaint against CFX from financial regulator: CONSOB.

User Reviews

What do you think of CFX? What has been your experience?

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with CFX.

At the end of the review you will find customer comments.


How to Claim Money Scammed by CFX

How to Report CFX

Frequently Asked Questions

How can I report CFX?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is CFX a scam – is it scam?

Yes. We believe that CFX is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is CFX trustworthy?

No. CFX is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from CFX?

If you want to know how to recover your capital, you can see it here!. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to CFX?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.


LegacyFX Broker

Advertise with us

About the author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.

About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.

Do you want more information? You can read more about me here in my biography.

16 comments on «Is CFX a scam? 2022 Reviews»

  1. Roberto Bermudes Reply

    I started from 2021 with them at the beginning everything was fine they give you your money in your account and when you withdraw it it took a week or two for a long time for the BITCOIN to reach your wallet.
    As of Oct 2022 things started to change.
    Request a withdrawal since that time and to this day it has not arrived.
    Although according to the account they continue to give me returns every week but I have not been able to get them.
    If they will deposit me, I will comment on them.

    • Recommended-brokers.com Reply

      Hi Roberto, the same thing always happens with these scams, thanks for commenting on CFX (Cash FX Group). This broker/school is a SCAM. Do not send them money, they want to get as much money as possible from you with lies, they connect you with a broker where the operations are not real, they do not put the money in the market, they only make you see it and in the end they tell you that you have lost and they will remain.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  2. John Leone Reply

    This broker is the status of complaint from the consob, the Italian authority, I know what will happen to my soldi that they have dealt with

    • Recommended-brokers.com Reply

      Hi Giovanni Leone, thanks for commenting on CFX Cash FX Group. This broker is a SCAM. The CONSOB (Italian Financial Regulator) has already warned about them, for lying and not being regulated (See CONSOB link). Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

    • Recommended-brokers.com Reply

      Hi Mercedes, it's always the same with these scams, thanks for commenting on CFX (Cash FX Group). This broker / school is a SCAM. Do not send them money, they want to get as much money as possible with lies, they connect you with a broker where the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they will remain.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

    • Recommended-brokers.com Reply

      Hi Miguel, it's always the same with these scams, thanks for commenting on CFX (Cash FX Group). This broker / school is a SCAM. Do not send them money, they want to get as much money as possible with lies, they connect you with a broker where the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they will remain.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  3. Clara Reply

    last Friday they sent us a message that withdrawals are disabled https: // behindmlm .com / wp-content / uploads / 2021/11 / withdrawal-delays-cashfx-group-nov-2021-768 × 490.webp

    The fall of the pyramid has already begun, friends, we have to withdraw our money whatever it takes, and if we don't go to the police, let's not get scammed by this group of organized thieves. What a waste of money and time.

    • Recommended-brokers.com Reply

      Hi Clara, it's always the same with these scams, thanks for commenting on CFX (Cash FX Group). This broker / school is a SCAM. Do not send them money, they want to get as much money as possible with lies, they connect you with a broker where the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they will remain.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  4. Fabiola Romero Reply

    Yes, they are a scam, they convince you that you are going to receive earnings every week of the purchased course and at the end when you are already inside they tell you that to generate that income you must recommend more unsuspecting…. How can you recommend something that does not work ... it would be to see how others are scammed too .... They are called Multilevel .. I DO NOT RECOMMEND IT ...

    • Recommended Brokers Reply

      Hi FABIOLA, thanks for commenting on CFX (Cash FX Group). This broker / school is a SCAM. Do not send them money, they want to get as much money as possible with lies, they connect you with a broker where the operations are not real, the money is not put in the market, they only show it and in the end they tell you that you have lost and they remain.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  5. Arturo ortega Reply

    Hello, I pass what I know about them, the first person who contacted me is called Brenda Reyes, I send WhatsApp address: +52 1 81 2767 5527
    and CFX presentation: youtube .com / watch? v = u93MZwJCvY0

    Likewise, these days (July 12, 2021) they are recruiting people with the contest hook of $ 300 USD, the minimum amount to buy an investment contract, this is the ZOOM address, they can enter regularly daily at 19:30 p.m. Mexico time , or Friday at 14:00 p.m.: zoom .us / j / 84871106545

    I would greatly appreciate the results of your research, apart from this one, which I already found out

    Atte.:
    Ing.-Arch. Arturo Ortega Macias
    [email protected]

    • Recommended Brokers Reply

      Hi Arturo, thanks for commenting on CFX (Cash FX Group). This broker / school is a SCAM. Do not send them money, they want to get as much money as possible with lies, they connect you with a broker where the operations are not real, the money is not put in the market, they only show it and in the end they tell you that you have lost and they remain.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

    • Recommended Brokers Reply

      Hi Tomas, thanks for commenting on CFX (Cash FX Group). This broker / school is a SCAM. Do not send them money, they want to get as much money as possible with lies, they connect you with a broker where the operations are not real, the money is not put in the market, they only show it and in the end they tell you that you have lost and they remain.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

Leave your comment

Your email address will not be published.