CashFX Review: A Ponzi Scheme?
CashFX payouts and problems are bringing more scrutiny by the day!
So in this CashFX video review, we’ve done our best to provide detailed answers to the most common concerns and worries.
If you have money in CashFX, or you have been considering a deposit, we highly recommend that you watch the video below first…
Note: Bitcoin prices have slightly risen since the video above was published. This is likely to have bought CFX a little extra time.
If you are able, we advise withdrawing what you can before it’s too late!
What is CashFX? A 2021 Review:
CashFX advertises itself as a Forex trading and training company. The only problem is, there’s no evidence to back it up.
Worse still, many of the claims made by CashFX are overly consistent and extremely high. To provide investors 1% returns each day, pay their business costs and make a profit themself is unrealistic.
How Does CashFX Make Money?
Looking at the breakdown provided by CashFX it would appear that 70% of all purchases go toward their Forex trading pool (never seen).
The remaining 30% is reported to fund all business costs.
Including but not limited to:
- Administration & Legal
- Employee salaries
- Offices and premises
- Marketing campaigns & Advertisements
- MLM Payments & Affiliates
- Taxation
One hell of a bill when you consider some of those MLM bonuses!
How Much Money Does CashFX Have?
Packages on the CashFX website range from $300 to $100,000.
How much money CashFX have taken is pure speculation. However, it is claimed that there are 250,000 users of CashFX. Online reviews, testimonials and social media groups suggest that many have invested at least $500.
There are plenty of images and videos showing that some CFX users have deposited $50,000 or more.
Who is Behind CashFX?
The founders of CashFX are Huascar Lopez and Edwin Abad.
Their initial marketing team is made up of John Kinnear, Marisol Pinilla, Albeiro Guerro and Carolina Raulino.
The CashFX traders and engineers were listed as Hildo, Javier and the two John’s. Technology consultants are Ron Pope and Jamie Beck.
All of this information was on the previous CashFX about page that has since been removed.
The fact this information has been withdrawn after payment problems is worrying.
CashFX Testimonials:
There are thousands of CashFX testimonials online. Some are good, others are bad. As the video above explains, when reviews and testimonials are polarising it’s a point of concern.
Just bear in mind that those leaving testimonials may have been financially incentivised to do so via the MLM (multi-level-marketing) schemes.
We also noticed there are hundreds of YouTube videos uploaded about CashFX as reviews from accounts that appear to be automated. Check that any testimonial you view is from a genuine source.
Trustpilot reviews can be seen by clicking here.
Is CashFX a Scam?
The million-dollar question: Is CashFX legitimate or not?
In our view, CashFX has all the traits of a scam. The deliberate removal of individuals associated with CashFX, overly consistent returns and high yielding promises are a cause for concern.
Only time will tell if CashFX is a scam for sure, but it really doesn’t look good.
When Will CashFX Collapse?
This is speculation, although we expect CashFX will collapse in the next 12 months. If Bitcoin values should significantly increase it could last longer although the recent payment delays are a direct indicator of financial problems.
Govt Warnings About CashFX
There have been many different warnings about this platform from govt institutions around the world now (24 at the time of writing). If you country is not listed below, see the official pages of your financial authority.