The Philippines SEC Added Cash FX Group into Its Warnings On 27 April 2021, the Philippines Securities and Exchange Commission (SEC) issued a warning that individuals or groups of persons representing CASH FX/CASH FX GROUP/CFX are soliciting investment in the Philippines without the necessary license and/ or authority the Commission. You may visit: https://www.sec.gov.ph/advisories-2021/cash-fx-cash-fx-group-cfx/

CFTC sued Cash FX Group over an alleged $950 million Ponzi scheme On 25 September 2026, the U.S. Commodity Futures Trading Commission announced a civil complaint against Cash FX Group S.A., its CEO Huascar Jose Lopez Castillo, The Conversion Pros, Inc., Ronald Pope and Justin Halladay in the U.S. District Court for the Middle District of Florida. The complaint alleges a multilevel-marketing Ponzi scheme that raised more than $950 million for purported pooled retail forex trading. According to the CFTC, the defendants promised returns of up to 15% per week and claimed to use expert traders, algorithms and artificial intelligence. The agency alleges that little forex trading occurred, that new contributions funded fictitious returns, and that participants lost at least $406 million. The CFTC is seeking restitution, disgorgement, monetary penalties, trading and registration bans, and an injunction. These are allegations and requested remedies in a civil enforcement case; the announcement is not a final judgment or evidence that investors have received compensation.

BrokersView has identified that Cash FX Group's website is currently offline BrokersView found that the domain "https://cashfxgroup.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

The Portugal CMVM Added Cash FX Group into Its Warnings On 17 Jan 2023, the Portuguese Securities Market Commission (CMVM) issued a warning that Cash FX Group was not authorised to carry out any type of financial intermediation activity in Portugal. You may visit: https://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/20230117k.aspx?v=

The Italy CONSOB Added Cash FX Group into Its Warnings On 7 Feb 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Cash FX Group is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

BrokersView Has Reviewed that Cash FX is an Unregulated Forex Broker Cash FX 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 not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

The Bahamas SCB Added Cash FX Group into Its Warnings On 22 July 2022, the Securities Commission of The Bahamas (SCB) issued a warning that Cash FX Group is conducting financial activities without authorization. You may visit: https://www.scb.gov.bs/wp-content/uploads/2022/07/SCB-Public-No.-6-of-2022.pdf

The Ontario OSC Added Cash FX Group into Its Warning On March 8, 2022, the Ontario Securities Commission (OSC) issued a warning that Cash FX Group is not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/cash-fx-group

The Australia ASIC Added Cash FX Group into Its Warnings On 6 October 2021, the Australia Securities Investments Authority (ASIC) issued a warning that Cash FX Group is not licensed to provide financial services in Australia, meaning that consumers will not have the same protections when dealing with an Australian financial services licensee. You may visit: https://asic.gov.au/about-asic/news-centre/articles/alert-suspicious-investment-opportunity-from-cash-fx-group/

The Ireland CBI Added Cash FX Group into Its Warnings On 5 July 2021, the Central Bank of Ireland (CBI) issued a warning that Cash FX Group has been operating as an investment firm/investment business firm in the State in the absence of appropriate authorisations. You may visit: https://www.centralbank.ie/news-media/press-releases/warning-on-unauthorised-firm-cash-fx-group-5-july-2021

The Singapore MAS Added Cash FX Group into Its Warnings On 10 June 2021, the Monetary Authority of Singapore (MAS) issued a warning that Cash FX Group is not authorized to provide financial services in Singapore. You may visit: https://www.mas.gov.sg/investor-alert-list?q=Cash%20Forex%20Group&sort=&page=1&date=2021-01-01T00%3A00%3A00.000Z%2C2021-12-31T00%3A00%3A00.000Z

The UK regulator FCA added Cash FX Group into its blacklist The UK’s Financial Conduct Authority (FCA) added Cash FX Group to its warning list, claiming that the company was targeting people in the UK without authorization from them: https://www.fca.org.uk/news/warnings/cash-fx-group.

The Belgium FSMA Added Cash FX Group into Its Warnings On 26 April 2021, the Belgium Financial Services and Marketing Authority (FSMA) issued a warning to watch out for Cash FX Group. You may visit: https://www.fsma.be/en/warnings/watch-out-companies-offer-trading-software-expert-advisors

The Manitoba MSC Added Cash FX Group into Its Warnings On 3 March 2021, the Manitoba Securities Commission (MSC) issued a warning that Cash FX Group is not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. You may visit: https://recognizeinvestmentfraud.com/alerts-cautions/investor-caution-cash-fx-and-cashfxgroup.com

The Jersey JFSC Added Cash FX Group into Its Warnings On 8 February 2021, the Jersey Financial Services Commission (JFSC) issued a warning that Cash FX Group may be offering financial services and products in the Island without holding a licence to do so. You may visit: https://www.jerseyfsc.org/news-and-events/warning-cashfx/

The New Brunswick FCNB Added Cash FX Group into Its Warnings On Feb 1, 2021, the New Brunswick Financial and Consumer Services (FCNB) issued a warning that Cash FX Group is not registered to trade in, or advise on, securities or derivatives in New Brunswick. You may visit: https://www.fcnb.ca/en/news-alerts/investor-alert-cash-forex-group-cfx

The Saskatchewan FCAA Added Cash FX Group into Its Warnings On 27 Jan 2021, the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) in Canada issued a warning that Cash FX Group is not registered in any capacity with the FCAA. You may visit: https://fcaa.gov.sk.ca/public/CKeditorUpload/Alerts/Investor_Alert_-_CashFX_Group_-_January_2021_-_FINAL.pdf

The British Columbia BCSC Added Cash FX Group into Its Warnings On 10 Nov 2022, the British Columbia BCSC issues a warning that Cash FX Group is not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2020/cash-forex-group

The Norway Finanstilsynet Added Cash FX Group into Its Warnings On 4 Sep 2020, the Financial Supervisory Authority of Norway (Norway FSA) issued a warning that Cash FX Group is not authorised to provide investment services in Norway, and therefore lacks the licence required under Norwegian law. The company is consequently not subject to Finanstilsynet's supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends investors not to enter into agreements with or transfer assets to this broker. You may visit: https://www.finanstilsynet.no/en/investor-alerts/2020/cash-fx-group/

The New Zealand regulator FMA added Cash FX Group into its blacklist On 9 April 2021, the New Zealand's Financial Markets Authority (FMA) recommended exercising caution before dealing with Cash Forex Group/ CashFX Group: https://www.fma.govt.nz/news-and-resources/warnings-and-alerts/cash-forex-groupcashfx/.

The Panama regulator SMV added Cash FX into its blacklist The Superintendence of the Securities Market of the Republic of Panama (SMV) warned that Cash FX Group has not been granted any type of license or registrations by the SMV, therefore is not authorized to perform activities related to the securities market: https://supervalores.gob.pa/cash-fx-group-s-a-public-release/.

Is Cash FX licensed? https://cashfxgroup.com/ 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. View Source

I want to trade with Cash FX Group. Do you recommend this platform? Cash FX Group is an unlicensed broker that has received a lot of warnings from financial watchdogs. We strongly advise you against trading with the fraudulent platform no matter how tempting the deals it offers.Cash FX Group claims to be located in Panama, which doesn't have any specific regulator responsible for forex trading. As such, Cash FX Group, as a forex broker, is unsupervised.Additionally, Cash FX Group has been warned by 18 financial watchdogs for illegally offering financial services or products, including the Italy Commissione Nazionale per le Società e la Borsa (CONSOB), the Securities Commission of The Bahamas (SCB), the Australia Securities Investments Authority (ASIC), and the UK Financial Conduct Authority (FCA). To access all these warnings, please refer to our full review of Cash FX Group.Concerning your inquiry, we strongly suggest you avoid Cash FX Group due to its regulatory status. It is an unlicensed broker and various financial regulators have warned the public of the risks involved. Your money and personal information are not protected if dealing with this platform. To mitigate such risks, investors are encouraged to stay away from unlicensed brokers like Cash FX Group and choose a fully regulated one. View Source