The short version is that this service allows you to start with as little as $300 and compound that up to $100,000 in a few years, after which you can retire on a six figure income and live happily ever after.
So that’s exactly what I will attempt to do and you can see my short intro video here:
If that has piqued your interest then I highly recommend watching this Due Dilligence video as it will answer most, if not all, of your questions:
There’s also a video on how to buy and send Bitcoin here
You can join CFX here
Hi Graham
Thought I’d drop you a line about CFX as I was approached by a mate who has been involved since the start of the year and who tried to get me to join up.
I did a simple online search to find out more and found that there is a warning from the FCA
https://www.fca.org.uk/news/warnings/cash-fx-group
My mate told me that this is nothing to worry about as the broker which CFX uses is registered with the FCA so I contacted them directly to find out more.
The FCA told me that it is a scam and wanted the full contact details along with any emails from the person who had tried to sign me up.
They went on to say that if I had parted with any money to contact http://www.actionfraud.police.uk
I know quite a few people who have put money into this, people who usually know what they are doing so I can’t help bit wonder if I’m missing something but needless to say, I’m staying out of it.
Cheers
Gary
Hi Gary,
Yes I’m aware of this and is one of the red flags that kept me out initially. But this is a standard warning from the FCA about any and all kinds of platforms like this. The FCA is a regulatory body that deals with traditional investment schemes. If a platform offers any kind of investment scheme that isn’t regulated by the FCA, they will publish a warning saying so… that’s their job. But the problem is that most of these investment schemes involve cryptocurrencies which are unregulated in the UK anyway, so anything involving cryptos will be labelled as unregulated and therefore potentially a scam.
The take home from this is that just because something comes with an FCA warning (or FSCA, SEC etc) that doesn’t automatically make it a scam, it just means it’s not regulated by that particular body. Of course it doesn’t mean it’s not a scam either, it could be.
When I checked into this initially I was told that CFX is a mlm company (stated on the CFX webpage in ‘about us’) and does not trade itself, therefore it does not require FCA type authorisation.
Regulation/authorisation is required however for CFX’s trading broker partner, which is everfx, and they are authorised. See the everfx.com home page; bottom left displays the FCA, UK reference number 763771.
Hi Graham
i decided to take a $300 punt on this and thought i’d post here with a couple of initial observations
on the positive, after 2 weeks my account has returned 10%
Not so great is you can’t withdraw less than $100 so it will be a long wait until i can actually see the money
The other negative is that as your profits are put into essentially a holding account each week, you can’t use compounding for rapid growth
You probably covered all the above in your presentation and this isn’t a gribe, just observations for others who may be thinking about joining
Best A
Hi Andy,
Yes you are completely right and I don’t like this either. Another thing I don’t like is the way you have to upgrade to the next level BEFORE you hit your 200% profit on the current one. If you don’t your current one expires and you will have to start again. But if you upgrade before it expires then you get the next level up paying only the difference between the pack prices.
Seem unnecessarily complicated to me. I’ll cover this in my next video update.
Hi Graham
yes, i was going to mention the upgrade rules, but to be honest i couldn’t quite get my head around it, so didn’t mention it
Another vid update would be great
Best Andy