This review reveals that Cash Forex Trade is an investment scam made to make you lose money with a shady company.
What is Cashforextrade
Its official presentation says that Cash Forex Trade is an exclusive group reserved to people who are making lots of money with cryptocurrencies.
The group allegedly has at its disposal a special trading system that will win 99.7% of all trades it opens on cryptocurrency markets. The system supposedly is so good that it has won several trading awards, notably one from from the US Trading Association.
What is incredible is that you can get the CashForexTrade system for free. So, will you believe that you can become a crypto millionaire thanks to a free software? Is Cash Forex Trade legit?
Cash Forex Trade scam
The sad truth is that CashForexTrade is a scam that will lose you money. It can’t do anything else because it was designed for this purpose. It is an infamous fraudulent investment program that we have a lot of experiences with. Here are the proofs and explanations.
As we have already mentioned, CashForexTrade is a fairly old scam that has been around for years. During that time it has been released in many versions under lots of different names.
In our picture below you can examples of other variants of this scam: Bitcoin Era, Bitcoin Superstar and Bitcoin Revolution. The name is different each time, but the core of the scam and the main design of the website is always the same.
The Cashforextrade’s official website is trying to convince you that the program was featured in media like CNN, Financial Times, Time Magazine and Forbes. But it is not true.
You can do you own search on those websites, like we did, and you will find out that they have never published a single article or video about Cash Forex Trade. In other words, we have uncovered another lie told by this scam.
Another fake thing you will find on the official website of Cash Forex Trade is the testimonials. This series of photo and fake stories about earnings has been used by scammers for years.
In our picture below you can see that the alleged satisfied users of this program are in fact people who don’t even know that it exists. Because these are stock photos that anyone can download for free from a public database.
From real Cashforextrade users we know that his program is losing money. It was made that way because its only purpose is to transfer money from ordinary people to scammers.
Illegal and anonymous
Investment programs like Cashforextrade have to be regulated. This is because they will provide you with a trading system that will make trading decisions on your behalf and trade with your money.
Therefore financial regulators require providers of such programs to register and follow give rules. This is to ensure consumer protection.
As you can probably guess by now, Cash Forex Trade is not regulated at all. It has no license whatsoever in any country in the world, therefore it is an illegal program.
What’s more, it is completely anonymous. Providers of this system are hiding, you won’t find their contact information. The address on the website they give you is fake.
You don’t want to send money to anonymous people who are promising you a free income, do you?
How Cash Forex Trade really works
Cashforextrade has been designed to separate people from their money. It tells a fairy tale about a miraculous program that can trade cryptocurrencies with unbelievable precision. This program will make you rich for free, they say. You see how absurd it sounds?
What happens in reality is that after registering you will be required to send at least 250 USD to a shady an unregulated broker. And this how your money disappears. They will never give you anything back.
Cash Forex Trade might show you some fake earning on your account. This will be a tool to persuade you to deposit even more. Once you try to withdraw anything, you will learn that you money is gone, that it is inaccessible.
And this is how the story ends, people send their money to Cashforextrade to learn that they sent it to scammers who ran away with it.
Cashforextrade review – Conclusion
Cash Forextrade is an old scam with a new name and design. It was made to steal money from you, so stay away from it!
If you want to try legit trading, do it on a free demo account with a regulated broker. Use virtual money to learn and see the results you are able to get.
Should you later decide to invest real money, please be sure to understand the risks.