Cash FX Review | Cash FX Scam?

If you’ve looked into Forex based MLM’s then you no doubt heard about CashFX and the newer Epic Trading. (If you’re looking for something similar but based on crypto, be sure to check out Fomoex)
The Cash Forex Group (CFXG) is a team of trading experts in a bunch of different areas, mostly education in the financial trading field of Forex (foreign exchange) and network marketing.
These experts and their automated trading system claim to help people to earn 1-3% daily and up to 15% weekly on their investments. There is also their comp plan that can boost income potential even more.

Sounds good so far, so the question remains… Is it a CashFX group scam or real opportunity. Lets take a closer look in this CashFX group review.
 

Cash FX Group Overview

Cash FX is an MLM company based out of Panama which first came onto the scene in November of 2019. This business model offers people the opportunity to earn an income from forex trading as well as from the comp plan by refering others to it.
This definatly fits into the trading (crypto/forex) mlm niche that has become quite popular over the last couple of years

Name: Cash Forex Group (CFX) aka CFX Group
Owner: Huascar Lopez
Website: www.cashfxgroup.com
Type of Business: Forex Trading MLM
Price: Minimum of $300
The domain name “cashfxgroup.com” was registered on 3-4-2019.
The domain name was registered privately (which is quite normal).
 

What Is Forex

It stands for foreign exchange market. The Foreign Exchange market is a worldwide decentralized financial market which is where the global fiat currencies are traded.
This market is the biggest, most liquid financial market anywhere on the planet. By 2019, the daily Forex volume hit $5.3 Trillion USD per day on average (this is based on data from the Bank for International Settlements (aka BIS). Foreign exchange traders buy and sell based on currency pairs.
The forex market is open 5 days per week (weekdays), 24-hours a day and takes place on a variety of exchanges worldwide.

So Why Forex?

• Based on it’s history it’s been proven to be recession proof
• Most flexible risk management strategies that can be found anywhere
• Trade capital can be leveraged to increase gains
• Traded 24 hrs/day, five days per week

CFX Trading Program

AI technology, CFX EA (Expert Advisor) algorithms, as well as a pro forex trading team work in unison to create a one of a kind trading platform. All CFX technology is managed by their own in house trade technicians.
They have completed well over 40,000 successful payouts, proving a new unique way to profit and succeed in business.

Complete Transparency

Cash FX label themselves as avid promoters of ethical procedures and transparency through both the trading and industries.
To emphasize this point they have created a WebTv tool to show trading in real-time.
 

Cash FX Academy

From multinational corporation, to central banks, to tens of millions of home-based traders, forex is for everyone.
By utilizing a combination of a team of industry professionals along with their Academy learning system, CFX are confident that their members can achieve their goals much more easily than ever before.
Their learning academy allows members to access the lessons anytime allowing them to watch easy to digest videos from a phone, tablet, laptop or PC.

Who Is It For?

They mention that their academy is for people:

• Looking for financial independence
• Who desire a superior understanding of how the financial markets operate
• Wanting to learn how to read graphs as well as learn analysis of financial asset pricing

CashFX Packages

CFX offer a number packages that you can get started with. As an affiliate member this allows people to earn from the Forex ROI as well as the pay plan.
The ROI from your investment package is two hundred or four hundred percent. This is capped at 15% per week.
Below are the investment packages:

Elemental Plans:

• The 300 Plan – This package is a $300 investment. $90 is the for the academy pack, $210 into the trade pool deposit and you’ll receive 150 PV in the Leadership Program.
• The 500 Plan – This package is a $500 investment. $150 is the for the academy pack, $350 into the trade pool deposit and you’ll receive 250 PV in the Leadership Program.
• The 1K Plan – This package is a $1,000 investment. $300 is the for the academy pack, $700 into the trade pool deposit and you’ll receive 500 PV in the Leadership Program.
• The 2K Plan – This package is a $2,000 investment. $600 is the for the academy pack, $1,400 into the trade pool deposit and you’ll receive 1,000 PV in the Leadership Program.
• The 3K Plan – This package is a $3,000 investment. $900 is the for the academy pack, $2,100 into the trade pool deposit and you’ll receive 1,500 PV in the Leadership Program.

Advanced Plans:

• The 5K Plan – This package is a $5,000 investment. $1500 is the for the academy pack, $3,500 into the trade pool deposit and you’ll receive 2,500 PV in the Leadership Program.
• The 7K Plan – This package is a $7,000 investment. $2,100 is the for the academy pack, $4,900 into the trade pool deposit and you’ll receive 3,500 PV in the Leadership Program.
• The 10K Plan – This package is a $10,000 investment. $3,000 is the for the academy pack, $7,000 into the trade pool deposit and you’ll receive 5,000 PV in the Leadership Program.
• The 15K Plan – This package is a $15,000 investment. $4,500 is the for the academy pack, $7,000 into the trade pool deposit and you’ll receive 5,000 PV in the Leadership Program.
• The 20K Plan – This package is a $20,000 investment. $6,000 is the for the academy pack, $14,000 into the trade pool deposit and you’ll receive 10,000 PV in the Leadership Program.

Supreme Plans:

• The 30K Plan – This package is a $30,000 investment. $9,000 is the for the academy pack, $21,000 into the trade pool deposit and you’ll receive 15,000 PV in the Leadership Program.
• The 40K Plan – This package is a $40,000 investment. $12,000 is the for the academy pack, $28,000 into the trade pool deposit and you’ll receive 20,000 PV in the Leadership Program.
• The 50K Plan – This package is a $50,000 investment. $15,000 is the for the academy pack, $35,000 into the trade pool deposit and you’ll receive 25,000 PV in the Leadership Program.
• The 70K Plan – This package is a $70,000 investment. $21,000 is the for the academy pack, $49,000 into the trade pool deposit and you’ll receive 35,000 PV in the Leadership Program.
• The 100K Plan – This package is a $100,000 investment. $30,000 is the for the academy pack, $70,000 into the trade pool deposit and you’ll receive 50,000 PV in the Leadership Program.

MLM Cap – 400%
ROI Cap (Passive returns) – 200%

Cash FX packages expire when they generate 200% in passive returns or 400% in comp plan commissions are earned.
When 200% or 400% in returns have happened, investing into a new pack is needed to continue earning.

What they teach is to reinvest the earnings right after maturity to earn even more.

Withdrawal Fees

The company charges a 20% from your commission as a withdrawal fee, where 50% of that goes toward the compensation plan.
 

Cash FX Global Ranks

PV – This is “Personal Volume”, which is the amount of the investment PV from your own personal investment volume.
GV – This is “Group Volume”, which is the amount of the investment PV from your entire downline organization.

There are a 7 ranks in total within the Cash FX Group opportunity.
Here is the breakdown of ranks and the qualifications requirements:

• Affiliate – To qualify you’ll have to purchase one of their investment packs.
• Executive – To qualify you’ll have to maintain a 1K level investment (500 PV) or higher, as well as recruit and maintain 3 active investing members with at least 7000 GV.
• Manager – To qualify you’ll have to maintain a 1K level investment (500 PV) or higher, as well as recruit and maintain 2 active Executive members (or higher) with at least 25,000 GV.
• Director – To qualify you’ll have to maintain a 1K level investment (500 PV) or higher, as well as recruit and maintain 2 active Manager ranked members (or higher) with at least 100,000 GV.
• President Club – To qualify you’ll have to maintain a 1K level investment (500 PV) or higher, as well as recruit and maintain 3 active Director ranked members (or higher) with at least 500,000 GV.
• Ambassador – To qualify you’ll have to maintain a 1K level investment (500 PV) or higher, as well as recruit and maintain 3 active President ranked members (or higher) with at least 2,000,000 GV.
• Global Ambassador – To qualify you’ll have to maintain a 1K level investment (500 PV) or higher, as well as recruit and maintain 2 active Ambassador ranked members (or higher) with at least 5,000,000 GV.

CashFX Compensation Plan

Recruiting Commissions

The Cash FX group compensation plan pays out a fifty percent commission of funds invested by your personally referred members.
The company takes 50% of the Academy Pack PV they joined at and pays you on that volume.

As an example:
You recruit someone who decides to joins at the 500 Lvl. That genrates 250 PV, of which you’ll earn $125.

Residual Commissions

Cash FX Global Partners have 2 ways to earn residual commissions when an affiliate makes an investment.

Unilevel Portion

If you’re not familiar with how a unilevel compe plan works, he’s a brief overview:

First Level – The first level will only have your personally referred members on it.
Second Level – The second level will only have team members that your first level referrals personally recruit on it.
Third Level – The third level will only have team members that your second level referrals personally recruit on it.
and so on…

The rank that you are qualified for will determine the levels as well as the amount that you can earn.

• Affiliate Rank – earn 10% on levels 1-4.
• Executive Rank – 10% on level 1-4 and 20% on levels 5-6.
• Manager Rank– 10% on levels 1-4, 20% on level 5-6 and 5% on levels 7-8.
• Director Rank– 10% on levels 1-4, 20% on levels 5-6, 5% on levels 7-8 and 5% on level 9.
• President Club Rank – 10% on levels 1-4, 20% on levels 5-6, 5% on levels 7-8, 5% on levels 9-10 and 1% from lvl 11 and down.
• Ambassador Rank – 10% on levels 1-4, 20% on levels 5-6, 5% on levels 7-8, 5% on levels 9-10 and 1.5% from lvl 11 and down.
• Global Ambassador Rank– 10% on levels 1-4, 20% on levels 5-6, 5% on levels 7-8, 5% on level 9-10, and 2% on lvl 11 and down.

Residual Commissions From a 3×10 Matrix

These commissions are paid from 50% of the withdrawal fee’s collected.
The matrix income will depend on your investment package.

If you invest in the:

• 300 or 500 package level, earn 3% on levels 1 to 3.
• 1K level, earn 3% on levels 1-3 and 5% on lvll 4.
• 2K level, earn 3% on levels 1-3, 5% on lvll 4 and 6% on lvll 5.
• 5K level, earn 3% on levels 1-3, 5% on lvl 4, 6% on lvl 5 and 10% on lvl 6.
• 10K level, earn 3% on levels 1-3, 5% on lvl 4, 6% on lvl 5, 10% on lvl 6 and 30% on lvl 7.
• 20K level, earn 3% on lvls 1-3, 5% on lvl 4, 6% on lvl 5, 10% on lvl 6, 30% on lvl 7 as well as 20% on lvl 8.
• 30K level or higher, earn 3% on levels 1-3, 5% on lvl 4, 6% on lvl 5, 10% on lvl 6, 30% on lvl 7, 20% on lvl 8 as well as 10% on lvls 9-10.

CFX will also payout a 10% cheque matching bonus on your personally referred residual matrix earnings.
 

About Cash Forex Group

Cash Forex Group was founded by an global team of experts in the Forex Financial Markets, Network Marketing, Project Management. They have highly trained staff in the educational Forex space, with the goal of helping people to work toward their financial success.

CFX Founders

Huascar Lopez
CashFX CEO

Huascar was born in the Dominican Republic, His father was a lawyer and his mother was a uprofessor at a university. Along with his 3 sisters he was raised in a small city and learnt the importance of family. When he was older he moved to the Santo Domingo to begin medical studies at their local university. Sometime after his 1st year in university, his uncle introduced him the Network Marketing. Due to this he soon altered his carrier path and shifted to business school where he graduated.
For years he grew teams internationally and in 2014 he became heavily involved with cryptocurrencies and trading. Huascar has traded in excess of one hundred million dollars with great results.

Edwin Abad
VP Trading of Operations

Edwin Abad was born in the Dominican Republic, and became an entrepreneur at a very young age.
He has created, implemented and operated a number of traditional businesses. Years later when Edwin heard of forex for the first time, he became quickly obsessed. Over the years his passion for the Forex market has only grown.

CashFX Team

• John Kinnear – Marketing Direcrtor
• Carolina Raulino – Graphic Artist
• Albeiro C. Guerro – Social live streaming
• Marisol T. Pinilla – Social live streaming

Cash FX Traders & Engineers

Cash FX has created their very own in-house trading team. Led by Edwin Abad, this team handles all day-to-day trading operations as well as all EA & AI development.

CFX Marketing System – Technology Consultants

CFX have partnered with The Conversion Pros, Inc (“TCP”) for all of their tech and maketing needs.
 

Cash FX Group Review – Final Thoughts

If you go digging, you’ll no doubt find a number of small Forex based MLM/Affiliate opportunities. Most don’t really get off the ground, but CashFX has made a name for themselves and shown some longevity. There main competition at this point seems to be Epic Trading and Ncrease, who are much newer, so we’ll see what they make of things over the coming months.
Can you make money with these guys by just investing? Sure, it seems like it…. But, as with most things in this industry, the focus is on recruiting, so just keep that in mind.

So are Cash FX a scam? No, I don’t believe so. I know several people that are involved with the program, like it alot, and always get paid.
If CashFX seems like a good fit  for you then feel free to look deeper into what they have to offer…

But if you’d rather be part of a platform that is doing something new, different and exciting, then click the button below!