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I want to trade with Cash FX Group. Do you recommend this platform?
Lonwabo
Libya
2023-07-11
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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Is Cash FX licensed? https://cashfxgroup.com/
William
Brazil
2021-10-29
ANSWER Cash FX is an UNLICENSED broker and should be avoided at all events. This broker claims to be a Panama-based company under registration RUC 155665763-2-2018 DV 25. Nevertheless, the Panama Superintendencia del Mercado de Valores (SMV) does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So Cash FX is currently not regulated or overseen by any financial regulator. What's worse, the UK's regulator FCA, the New Zealand's regulator FMA and the Panama's regulator SMV have successively added Cash FX to the alert list to warn the public that this firm is not authorised to provide the investment services in their countries. You can check full alert or warning from FCA, FMA and SMV on Cash FX respectively. As per the evidences above, our final verdict is that Cash FX is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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Peringatan Risiko

Trading FX berisiko tinggi dan mungkin tidak cocok untuk semua investor. Leverage akan menimbulkan risiko dan kerugian tambahan. Sebelum melakukan trading, mohon pertimbangkan dengan cermat toleransi Anda terhadap risiko, tingkat pengalaman, dan tujuan investasi Anda. Anda mungkin kehilangan sebagian atau seluruh investasi awal Anda; jangan berinvestasi di luar kemampuan Anda. Edukasi diri Anda sendiri tentang risiko terkait trading FX. Jika Anda memiliki pertanyaan, silakan berkonsultasi dengan penasihat keuangan atau perpajakan independen. Semua data dan informasi disediakan "sebagaimana adanya" dan hanya untuk tujuan informasi, bukan untuk trading ataupun rekomendasi. Kinerja masa lalu bukanlah prediksi akan hasil di masa depan.

Disclaimer

Data yang terdapat dalam situs web ini mungkin tidak real-time dan akurat. Data dan harga di situs ini tidak mesti disediakan oleh pasar atau bursa, tetapi mungkin disediakan oleh pembuat pasar, sehingga harga mungkin tidak akurat dan berbeda dari harga pasar yang sebenarnya. Yaitu, harga ini merupakan harga indikatif hanya untuk mencerminkan tren pasar, dan tidak menguntungkan untuk tujuan trading. Penyedia data yang terdapat dalam Situs Web tidak bertanggung jawab atas kerugian apa pun yang Anda alami sebagai akibat dari aktivitas trading Anda atau ketergantungan pada informasi yang terkandung dalam Situs Web.