Forex Trading Scheme
Hi everyone, I have been asked if I wanted to invest money in Cash Forex Group. Has anyone any knowledge of this organization? Some of the information on the net is saying it is nothing but a MLM and is not really into FX trading. I would welcome any feedback as I am applying the if it quacks like a duck and sounds like a duck it usually is a duck.
Hi Edward, CFG is a Ponzi scheme. There have been loads of warnings come up about it in the UK and as its unregulated I would steer clear
You have gotten answer you need through your inquiry online. Don’t think of investing your hard earned money in cash forex group.
Thanks guys, that is my thought and I didn’t want to but just putting it out there to get everyone’s opinion and my further research says that it is just another MLM.
I have checked the website Edward. It seems they are an introducing broker that provides educational material to members. I don’t understand exactly how they work, but they are offering courses in fundamental and technical trading strategies for member who registered and deposit a predefined amount of money on the broker that they are associated with.