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CashBackForex
According to its website, it operated by Clear Markets Ltd and located in the BVI. Upon investigation, no matching information was found in the British Virgin Islands Financial Services Commission (BVI FSA). In addition, it mentions on the website that Excel Markets Inc. dba cashbackforexusa.com is a US regulated corporation (NFA ID 0418103). Upon investigation, no matching information was found in the National Futures Association (NFA)。
In essence, CashBackForex is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
CashBackForex appears to be a scam.
According to its website, it operated by Clear Markets Ltd and located in the BVI. Upon investigation, no matching information was found in the British Virgin Islands Financial Services Commission (BVI FSA). In addition, it mentions on the website that Excel Markets Inc. dba cashbackforexusa.com is a US regulated corporation (NFA ID 0418103). Upon investigation, no matching information was found in the National Futures Association (NFA)。In essence, CashBackForex is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.CashBackForex appears to be a scam.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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