BrokersView has reviewed that CashBackForex is an unregulated broker According to its website, it operated by Clear Markets Ltd and located in the BVI. Upon investigation, no matching information was found in the British Virgin Islands Financial Services Commission (BVI FSA). In addition, it mentions on the website that Excel Markets Inc. dba cashbackforexusa.com is a US regulated corporation (NFA ID 0418103). Upon investigation, no matching information was found in the National Futures Association (NFA)。 In essence, CashBackForex is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. CashBackForex appears to be a scam.