In this review we expose the Global CFX Trading fraud that was designed to lose your money.
What is Global CFX Trading
Global CFX Trading is an investment platform that is supposed to make you money. The platform is focused on cryptocurrency trading and investing.
Alleged professionals behind this platform will trade and make profits that you can get a share of. There are several investment plans with daily returns from 10 to 35%. The minimum investment amount is 50 USD.
Global CFX Trading claims to be a regulated British company that you can trust. But is it true, is it legit, can you really trust it?
Global CFX Trading scam
Unfortunately you can’t trust Global CFX Trading because it is a scam. In this review we explain all the details.
Not regulated and illegal
Global CFX Trading claims to be located in the United Kingdom, but it is not. The address it is giving on its website is fake, the company is not located there.
We are pretty much sure that Global CFX Trading is not a UK company and that people running this fraud are not based in the UK.
But as a declared UK company Global CFX Trading has to follow British rules and laws. Which it is not.
On its official website, the company claims to be regulated. But a quick check on the website of the Financial Conduct Authority, which is the British financial regulator, reveals that Global CFX Trading is not registered, it has no authorization to provide any financial services.
It means that Global CFX Trading is an illegal company that is not allowed to offer its services not only in the UK but anywhere in the world.
Fake investment plans
Most people should be able to tell that Global CFX Trading is a scam even without researching its background and lack of license. Because all you need is a look at the investment plans.
Everybody should know that 10 to 35% daily returns is something absolutely impossible in the real world. No legitimate investment company can achieve returns on investment that high. That is just basic economic reality that should be taught at every school.
Only scams display such outrageous numbers because they try to attract as many people as quickly as possible. Organisers of these fraudulent schemes want to run away with the money soon after the launch.
Any time you see an offer with 10% or more daily ROI, you can be certain that it is a scam. Yes, you can have a lucky investment and get 10% or more in a day, but it is impossible to repeat every day for any longer period of time. That is because of the nature of financial markets.
Accept this fact and it will help you to avoid many scams in the future.
How Global CFX Trading really works
Global CFX Trading is a scam, we proved this fact. It is possible that at the beginning it was running as a Ponzi scheme and paying its first members. But now it is not paying, it is a pure scam.
Ponzi schemes always end up like this, because their pyramid is unsustainable and the inflow of new money always dries out.
Currently Global CFX Trading is just a black hole where all the money of innocent people disappear right after their deposit. This is why you have to stay away from it.
Global CFX Trading review – Conclusion
Global CFX Trading is a scam. Every deposit in this fraudulent program will disappear and you will get nothing back. Stay away from it.
If you want to try legit investing, start on a free demo with a regulated broker. Practice with virtual money to see how far you can get.
If at any time you decide to trade with real money, be sure to understand the risks.