Scan to download
It is more convenient and faster to find brokers and complain
Cash FX Group
Regulators:
I am wondering if Cash FX is a good broker or a potential scam. Could you assess this broker and give me some advice? Thanks a million!
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.
I want to trade with Cash FX Group. Do you recommend this platform?
Is Navitas Markets regulated or not?
I'd like to know about the license of Binomo, can you please confirm it for me?
Can I deal with Toptrade? Please confirm it for me.
Is COINEXX legit? I cannot find the regulation on its website, please check it for me.
©2018-2024 BrokersView EU Limited. All Rights Reserved.
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.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.
Comments