EverFX denies it’s CashFX Group’s trading broker

In Tony Hetherington’s current CashFX Group article for the Monetary Mail, he famous;

(CashFX Group) relies in Panama and tries to provide legitimacy by saying funds are invested via a licensed international trade dealer referred to as EverFX, however the primary manner individuals are inspired to earn a living is by introducing others. 

Hetherington’s article was printed on December twelfth and seems on-line for This Is Cash.

Curiously, in the event you go to CashFX Group’s web site as we speak there’s no point out of EverFX.

In an effort to suss out when CashFX Group eliminated reference to EverFX from their web site, I hit up Google cache.

Sadly the cache was final up to date on December thirteenth, by which era CashFX Group had made the change.

Fortuitously CashFX Group was incompetent sufficient to go away point out of EverFX on the non-English variations of their web site.

Right here’s CashFX Group representing EverFX as their buying and selling dealer, as seen on their web site on December 14th:

So why did CashFX Group take away reference to EverFX on their main language web site?

Effectively, because it seems the corporate lied about having EverFX as a dealer companion.

When the query of getting a enterprise relationship with CashFX Group was put to EverFX, the corporate denied having a “enterprise relationship of any form”.

Electronic mail enquiries reveal EverFX claiming it “doesn’t present any buying and selling service for CashFX”.

I’ve to level out right here that CashFX Group not having or having a dealer is solely tutorial. The corporate commits securities fraud by not offering regulators and shoppers with audited monetary experiences.

Stated experiences would affirm whether or not trades are literally happening and, extra importantly, whether or not buying and selling income was in reality getting used to pay affiliate buyers.

With out these legally required experiences, whether or not CashFX Group has a dealer or not doesn’t actually matter.

That stated, it’s nonetheless amusing to see a Ponzi scheme caught out in its personal internet of lies.


Replace sixteenth December 2020 – CashFX Group has now eliminated reference to EverFX from its non-English web sites.