CashFX Review – A 200% Ponzi Scheme With A Lot Of Warnings!

CashFX, or CashFX Group, is a MLM or multi-level marketing company claiming to operate an automated trading system. They’re run by a company named CFxG, a company which is composed of experts in different areas of financial trading and education, and network marketing. 

They claim that you can earn 15% weekly ROI, or about 60% monthly, which is just absurd at this point. 

A couple of people from Dominican Republic are associated with CashFX. Huascar Lopez and Edwin Abad came from different backgrounds and later shifted to Forex trading. Lopez’s background claims that he’s done over 100 million in trades since 2016, while Abad has not mentioned any trading accomplishments. 

The website also presents a few others but these are inconsequential. Some of them might be fake people. 

CashFX Group Product Line

CashFX offers no retail products or services. What you are getting into is investment tiers or packages tied to what they call “Trade Academy Education Packages”. 

This is nothing more than an attempt at pseudo-compliance to get MLM regulatory agencies off their backs.

Does The Product Work?

CashFX claims they generate ROI through “assisted trading systems with algorithms”. Simply put, they’re using an automated trading system powered by their proprietary algorithm.

But there’s no proof that any form of trading is being done. They are not disclosing any information about their trading activity on their website either. 

Because they constitute a passive income opportunity, they are offering securities, which they are not registered to do so. 

They only have a useless incorporation in a country that’s prevalent with scam company incorporations. 

As it stands, the only proof of income is through new member investments, which is carried out by recruitment.

There’s only one way to make money from CashFX and that’s through recruitment.

How To Get Started with CashFX Group?

CashFX membership is tied to a minimum investment of $300 and up to $100,000. Once you reach 200% to 400% ROI, you need to reinvest in order to continue earning.

CashFX Group Compensation Plan

CashFX members invest on the promise of a 200 to 400% ROI, which is capped at 15% a week. 

• 300 package –  $300 investment
• 500 package – $500 investment
• 1K package – $1000 investment
• 2K package – $2000 investment
• 5K package – $500 investment
• 10K package – $10,000 investment
• 20K package – $20,000 investment
• 30K package – $30,000 investment
• 50K package – $50,000 investment
• 100K package – $100,000 investment

You reinvest once you reach the 200% return cap. 

Withdrawal Fees

CashFX charges a 20% withdrawal fee, which the company uses 50% of to pay off residual matrix commissions. See the rates below. 

Cash FX Group Affiliate Ranks

There are seven ranks tied to CashFX’s compensation plan. GV refers to Group Volume, or the total investments made by your team. PV refers to your individual investments.

Your ranking determines how much you earn from the residual commissions.

Recruitment Commissions

CashFX pays out 50% commission on funds invested by your personally recruited members. 

Residual Commissions (unilevel)

CashFX pays out residual commissions via a unilevel structure. This places you at the top of the team and every personally recruited member is placed under you. These are now your level 1.

When your level 1 recruits people, they are placed below them and become your level 2. This goes on infinitely. But CashFX caps it out depending on yoru rank. The higher your rank, the more levels you unlock. 

The more levels you unlock, the more money you make. 

1. Regular members earn 10% on levels 1 to 4
2. Executive ranked members earn 10% on level 1 to 4 and 20% on levels 5 and 6
3. Manager ranked members earn 10% on levels 1 to 4, 20% on level 5 and 6 and 5% on levels 7 and 8
4. Director ranked members earn 10% on levels 1 to 4, 20% on levels 5 and 6, 5% on levels 7 and 8 and 5% on level 9
5. President Club ranked members earn 10% on levels 1 to 4, 20% on levels 5 and 6, 5% on levels 7 and 8, 5% on levels 9 and 10 and 1% from level 11 onward
6. Ambassador ranked members earn 10% on levels 1 to 4, 20% on levels 5 and 6, 5% on levels 7 and 8, 5% on levels 9 and 10 and 1.5% from level 11 onward
7. Global Ambassador ranked members earn 10% on levels 1 to 4, 20% on levels 5 and 6, 5% on levels 7 and 8, 5% on level 9 and 1% on level 10
8. Ambassador ranked members earn 10% on levels 1 to 4, 20% on levels 5 and 6, 5% on levels 7 and 8, 5% on levels 9 and 10 and 2% from level 11 onward

Residual Commissions (3×10 matrix)

Residual commissions are also paid out through a 3x10 matrix. Unlike the unilevel structure, three positions are placed under you and marked as the first level of the matrix. 

Once the first level is filled, 3 positions will spawn under each of them, giving you 9 positions on the second level of the matrix. And it branches out from there. 

Your residual matrix commissions are funded by 50% of withdrawal fees. 

How much you earn will be determined by how much you’ve invested into the package: 

1. invest at the 300 or 500 package tiers and earn 3% on levels 1 to 3
2. invest at the 1K package tier and earn 3% on levels 1 to 3 and 5% on level 4
3. invest at the 2K package tier and earn 3% on levels 1 to 3, 5% on level 4 and 6% on level 5
4. invest at the 5K package tier and earn 3% on levels 1 to 3, 5% on level 4, 6% on level 5 and 10% on level 6
5. invest at the 10K package tier and earn 3% on levels 1 to 3, 5% on level 4, 6% on level 5, 10% on level 6 and 30% on level 7
6. invest at the 20K package tier and earn 3% on levels 1 to 3, 5% on level 4, 6% on level 5, 10% on level 6, 30% on level 7 and 20% on level 8
7. invest at the 30K or higher tiers and earn 3% on levels 1 to 3, 5% on level 4, 6% on level 5, 10% on level 6, 30% on level 7, 20% on level 8 and 10% on levels 9 and 10

#1 Not Regulated

CashFX claims they’re partnered with various institutions but it’s not true. They claim that they’re partnered with FAC, DFSA, and FSA no proof. 

FAC or Financial Conduct Authority of London does not exist while the others are all legitimate regulatory agencies. They have not issued licenses to CashFX to carry out their investments.

#2 Several Regulatory warnings

Several agencies have filed regulatory warnings against CashFX. These are just what we know of: 

• Financial Conduct Authority - Great Britain
• BCSC - Bahamas
• SEC - Philippines
• AMF - Canada
• FMA - New Zealand

The country where they’re supposed to come from, Panama, has issued their own warning against them.

#3 Forced Matrix Scheme

The trading part was only supposed to draw in people for investing, but the matrix scheme gave them out immediately as a Ponzi scheme. 

Why would you recruit people if your source of income was through trading? Because CashFX is a Ponzi scheme and is not any legitimate trading platform or company.

There’s nothing to like about CashFX. It’s a Ponzi scheme.

Riddled with regulatory warnings from different countries, it’s no surprise that we don’t recommend CashFX to anyone. It’s a Ponzi scheme committing securities fraud. The warnings from these different countries should be more than enough to prevent you from signing up. 

You’re not getting anything of value when you join CashFX. 

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

• You don't have to recruit anyone to make money
• You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
• It's Free to get started

In fact, with affiliate marketing...