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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