Hi and welcome to my Cash Forex Group Review. Perhaps you are wondering if the Cash Forex Group is a scam or if it’s something that you should get involved in. Or maybe you are just looking for information about it, to see what it’s all about. Either way, check this out!
Cash Forex Group, Cash FX Group, or CFX it’s the same thing. Feel free to learn more about the opportunity first hand. There is also a Vimeo video a bit lower in the article that you can also watch, for a bit more insight.
Disclaimer: It operates in an unregulated industry, and that means the risk is all yours. So is it worth it? Well, I’ll share my experience with you so that you can decide whether or not this is something you might want to do or not.
Let me just say up front that I did not refer anyone to Cash Forex Group. That’s something you might read from other reviews. But It’s not something that I did. All I did was invest $300 worth of bitcoin for a period of six (6) months.
Cash Forex Group Review
When it comes to making money online, I don’t have tunnel vision about any one opportunity. There are so many legitimate online opportunities out there, that no one should be without any sort of income. Anyone can make money online from anywhere in the world.
But you’re here to find out if Cash Forex Group (Cash FX), is worth it. So let’s get to it! Some of the salient information I’ll share with you includes:
- What is Cash Forex Group about
- How it works
- How you can make money with it
- My personal experience with Cash Fx
- The risks involved
- Is Cash Forex Group a scam?
- Is Cash Forex Group worth it – Pros vs Cons
- How I make multiple income streams online
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What is Cash Forex Group About
Okay, in a nutshell, Cash Forex Group is a Forex (foreign exchange) trading platform. You can invest and allow professional forex traders to trade on your behalf. But you can also use the platform to trade for yourself. Located at https://CashFXGroup.com, their purpose is to provide CFX members all around the world, the opportunity to discover financial success through effective forex trading.
Cash Forex Group Review Summary
- Product Name: Cash FX Group
- Founder: Huascar Lopez
- Product Type: Forex Trading MLM
- Price: $300 minimum investment
Forex trading is a great way to make money from home, but it’s also risky. So if you decide to get involved in any kind of forex trading, only invest what you can afford to lose, especially if you are trading on your own behalf. However, the goal of Cash Forex Group is to make you money.
Check out the video below on Vimeo!
How Cash FX Group Works
The Cash FX opportunity involves a very simple process. You invest and you allow the professional traders to trade and make the money for you. That’s it. Your investment is made via bitcoin and investment packages range from $300 (U.S.) and upwards.
Trading is done on 70% of whatever you invest, while the remaining 30% is dissected into commissions to the person who referred me to Cash FX and administrative/broker fees. So if you invest $300, then $210 is traded on your behalf and $90 allocated to referral commission and other expenses. That 70-30 breakdown goes for any package you decide to invest in.
How You Make Money with Cash Forex Group
There are actually three (3) ways in which you can make money with Cash Forex Group. You can:
- Invest and let the professionals trade on your behalf
- Invite others to the opportunity, and
- Trade for yourself
An online business is not for everyone. But Cash FX is a hands off money making opportunity. Allowing professional traders to trade on your behalf, means you don’t have to do anything. Commissions from trading are paid every Saturday. So every Saturday you get an email from the Cash Forex Group letting you know how much your commission is for that week.
At the $300 ($210) investment level, the commissions average around $9 – $13 per week. The results depend on what’s going on in the financial market. But with a $300.00 investment you can make approximately $40 – $55 per month extra from your investment and you don’t have to do anything.
The return might seem small but it’s much more that what the bank would pay you on such a small investment. Of course the more you invest, the more money you make. But keep in mind that you don’t have to do anything, since professionals are trading on your behalf.
You can withdraw money at anytime. However, there is a 20% withdrawal fee.
As stated above, you can also use the opportunity as a means to make more money by trading for yourself, as well as sharing the opportunity with others. Cash Forex Group has everything you need, if you are interested in those additional money making options.
They’ve got the training platform to help you become an Acetrader, if that’s something you’re interested in. Added to that, they also have the marketing materials you might need, if you decide to go that route. So you are covered.
It has a multi-level compensation plan but that plan is not as complicated as you might think. Feel free to download it for yourself, if you want to see what it looks like.
How I Got Started With the Cash Forex Group
My personal experience was one of things I stated I would share with you in this Cash Forex Group review. So here goes. I got started with Cash Fx through a mutual business friend who introduced it to my sister and she shared the information with me.
Before that time, I had never heard about Cash Forex Group before. Forex trading is not my thing, but my sister loves it. She started doing Forex trading before being introduced to the Cash Fx Group.
She gets excited about trading. Me on the other hand, I am into blogging, as bips and candlesticks are not my thing.
Anyway, eventually we met with our friend who gave us more details about the program and how it works. Long story short, we signed up. Lol! We got started with the minimum amount.
I think that one of the reasons why we did, is because our mutual friend is someone that we do business with and we have a good relationship with him. Added to that, he actually went to the Cash FX Group headquarters in Panama to see the setup.
My Personal Experience Thus Far
Now in all fairness to you, I have to admit that I was a bit skeptical about joining the Cash Forex Group. The thing about it is that I joined Cash FX even before I read anything about it online. The proverbial putting the cart before the horse, right?!
Anyway, I thought I’d go check out the online reviews about it, after the fact. Truth be told, what I was seeing was not very encouraging. In all honesty, I wondered what did I get myself into.
Some of the reviews I saw were negative. But the comments people were making from their own experiences, contradicted those negative reviews. Judging by the comments being made, people were making money and having a good experience with Cash FX Group.
Added to that, my own personal experience with Cash FX did not match the negative reviews I was seeing online. My experience was totally different from what I was reading.
Sometimes people have tunnel vision about online opportunities that they like, so it’s often difficult for them to appreciate something that is different. Now mind you, if something does go wrong, this review will definitely be updated accordingly.
My $300 Cash Forex Group Investment
Here’s how my investment with Cash FX turned out. I invested $300 (U.S.), which is the minimum and I allowed the investment to grow. Once it doubled to $600.00, I withdrew the money to reinvest.
Now, I could have reinvested before getting to $600. But I really was not paying attention. My bad and my loss. However, if you pay attention to your earnings, you can upgrade much sooner and earn more on your investment.
After a 20% administrative fee of $120 for my withdrawal, I ended up with $480. Even so, that’s not bad for a $300 investment right? I mean what bank pays you that kind of interest on three hundred dollars? None! But keep in mind that bitcoin is being used here. So once I transferred by $480 to my blockchain wallet, it was worth $504.
What you need to keep in mind though is that Cash FX is not a get rich quick sort of thing. But your investment does grow. Once your investment is doubled, you don’t get those emails about commissions any more. Yep, the commissions stop at that point.
Is Cash Forex (FX) Group a Scam?
One of the recurring pet peeves of the Cash Forex Group reviews I have read, relates to the compensation plan. Now, Cash FX Group has a multi-level compensation plan, but it’s not as complicated as some reviews make it out to be. Added to that, these reviews seem to suggest that because Cash FX has a multi-level compensation plan, that makes it a scam.
But even if a company has a multi-level compensation plan, that does not make it a scam. If that was the case, then companies like Amway, Melaluca, Pampered Chef, New Skin Enterprises, Mary Kay, World Financial Group, LimeLife, Avon, Opulence Global, Stella & Dot, etc., would all fall into that category.
These are all companies with multi-level compensation plans and these are just a few. The list is way longer.
So, that aspect of the negative reviews about Cash Fx Group was questionable for me. Additionally, as far as I know, Cash FX Group offers a service, which is Forex trading; professionals trading on your behalf.
The Risks Involved
As mentioned, Cash Fx is not regulated so the risk is yours. Added to that, the investment is made via bitcoin, which is currently unregulated as well. You also need to keep in mind that bitcoin is pegged to the US dollar, and it (bitcoin) fluctuates.
Even so, bitcoin is becoming very popular. I think once certain regulations are in place, we just might see bitcoins being utilized much more. After all, PayPal and Visa have already signed on to use bitcoins and Elon Musk has made the decision to invest in and allow customers purchase his cars using bitcoins.
Cash Forex Group Review: Is it Worth It?
After all is said and done, the question remains, is Cash Forex Group worth it? Well, to answer that, let’s take a look at the pros and cons.
Pros
- It’s a hands off money making opportunity; you don’t have to do anything, just invest.
- There are other ways you can use Cash Forex to make money, apart from investing.
- Even the minimum investment amount grows faster than what the banks would offer in terms of interest payments.
- Depending on the level of your investment, it may well be worth it, since you’ll get a higher weekly commissions on your investment.
Cons
- It’s unregulated that means the risk is all yours.
- To get started, you need to purchase bitcoins. Cash Forex Group’s use of bitcoins is as much an advantage as it is a disadvantage. The advantage is that lots more people can access the opportunity, since anyone can buy bitcoin. However, the disadvantage is that the value of bitcoin fluctuates. The value of bitcoin today may not be the value tomorrow; it could be higher or lower. Regardless of if bitcoin is higher or lower, it impacts the value in terms of dollars. But even so, you still make money.
This is probably not what you were expecting to read. But like I said, I am just sharing my personal experience about Cash Forex Group with you, in this review. Bet your bottom dollar if something goes awry, I’d definitely update this article with those details.
But hey, if you want to get a firsthand look at things, you can. To do that, simply create your own free account by registering and look around for yourself. Feel free to check out the compensation plan while you’re at it.
Is Cash Forex Group a Pyramid Scheme?
Truth be told, I have no idea. Like I stated above, I have never referred anyone to Cash Fx. I get a small commission each week based on my investment and I get a matrix commission if someone in my downline makes a withdrawal. That’s about it in terms my earnings from Cash Forex Group. It’s not something that I focus on.
I am okay with having the Cash FX professionals trade on my behalf. So in that respect, Cash FX is my automated Forex trading platform. Every Saturday there’s a new commission in my account. Of course how much you make depends on market performance and the amount of your initial investment.
Cash Fx Alternative
So that’s a wrap on this Cash Forex Group review. Be sure to share your thoughts with me on this matter, in the comment section. I look forward to hearing from you. However, I am not about to leave you hanging, if Cash Forex Group is not your cup of tea. If you are looking for an alternative to cash Forex Group, and you are interested in creating multiple income streams online, then click on the link below!
How I Make Multiple Income Streams Online
However, as I stated, bips and candlesticks are not my thing, so I do not trade. Affiliate marketing is more my thing. That’s what I use to set up and earn multiple income streams online. If that’s something you might be interested in learning more about, then click on the link below.