FMA in New Zealand warns against Cash Forex Group/CashFX

FMA in New Zealand is concerned that Cash Forex Group/CashFX has the hallmarks of a scam. The FMA recommends exercising caution before dealing with this entity as it is not a registered company or financial service provider in New Zealand.

Details of the unauthorised firm

Entity Name: Cash Forex Group/CashFX
Website:  https://cashfxgroup.com/
Address: RBS Tower - Ave. Balboa, Ramón H. Jurado St, 9th floor, Punta Paitilla, Panama

How To Protect Yourself From Scams 

Brokerswatch recommends investing only with brokers that are regulated by reputable authority.

Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.