Cash Forex Group-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Cash FX Group is a broker that originates in Panama- an offshore jurisdiction that poorly regulates its financial sector. Cash FX Group is not subject to any regulation, so extra vigilance should be taken when investing with this broker.

Market Instruments

Tradable financial instruments available on the Cash FX Group platform include forex currency pairs, indices, commodities.

Minimum Deposit

Cash FX Group does not disclose its minimum deposit to start real trading. In most cases, most brokers would ask traders to fund around $100 to register a real trading account.

Leverage

There is no information about leverage level offered by Cash FX. Scammers are taking advantage of it and build their marketing strategy on the increased leverage levels such as 1:500 or 1:1000.

Spreads & Commissions

Spreads and commissions are not disclosed on the Cash FX Group website. Unregulated brokers always love to hide their real trading costs to scam traders.

Trading Platform Available

MetaTrader4 and MetaTrader5 accounts are not available for trading with Cash FX Group. And Cash FX Groups platform cannot be accessed for a sign up cannot be done.

No Demo Accounts

There is no demo trading available. It‘s a must for a broker to provide the clients with a virtual money practice account before they start trading with real money. And it’s a must for the trader to test the broker first.

Deposit & Withdrawal

The single funding method available is Bitcoin and thats a red flag because a chargeback is impossible if you make a Cryptocurrency deposit. Common payment systems, such as Credit/Debit cards, Wire Transfers, Skrill or Neteller, are not available for deposits. The withdrawal policy is an utterly despicable one! No minimum withdrawal amount specified, but each withdrawal will be subject to a withdrawal fee of 20%.

Customer Support

The Cash FX Group customer support can only be reached through a series of social media platforms including Facebook, Instagram, Twitter, Youtube, Linkedin. There is not even a telephone available.