EverFX denies it’s CashFX Group’s trading broker
In Tony Hetherington’s recent CashFX Group article for the Financial Mail, he noted;
(CashFX Group) is based in Panama and tries to give legitimacy by saying funds are invested through a licensed foreign exchange broker called EverFX, but the main way people are encouraged to make money is by introducing others.
Hetherington’s article was published on December 12th and appears online for This Is Money.
Curiously, if you visit CashFX Group’s website today there’s no mention of EverFX.
In an effort to suss out when CashFX Group removed reference to EverFX from their website, I hit up Google cache.
Unfortunately the cache was last updated on December 13th, by which time CashFX Group had made the change.
Fortunately CashFX Group was incompetent enough to leave mention of EverFX on the non-English versions of their website.
Here’s CashFX Group representing EverFX as their trading broker, as viewed on their website on December 14th:
So why did CashFX Group remove reference to EverFX on their primary language website?
Well, as it turns out the company lied about having EverFX as a broker partner.
When the question of having a business relationship with CashFX Group was put to EverFX, the company denied having a “business relationship of any kind”.
Email enquiries reveal EverFX claiming it “doesn’t provide any trading service for CashFX”.
I have to point out here that CashFX Group not having or having a broker is purely academic. The company commits securities fraud by not providing regulators and consumers with audited financial reports.
Said reports would confirm whether trades are actually taking place and, more importantly, whether trading revenue was in fact being used to pay affiliate investors.
Without those legally required reports, whether CashFX Group has a broker or not doesn’t really matter.
That said, it’s still amusing to see a Ponzi scheme caught out in its own web of lies.
Update 16th December 2020 – CashFX Group has now removed reference to EverFX from its non-English websites.
This is exactly what Mirror Trading International (MTI) did with FX Choice, their alleged forex broker.
I wonder how this impacts on EverFX, since I take it they have their own compliance people, who should be researching where their name gets used by other businesses?
Strange one, Oz.
I wouldn’t be expecting much from a broker that’s run by anons through shell companies in Cyprus, the Cayman Islands and Seychelles.
Each of those are scam-friendly jurisdictions, purposefully chosen because there’s effectively no active regulation.
As Oz have said… it’s not important if CashFX have or have not real partnership with EverFX (or any other broker) and if this is mentioned on their website or not.
But for the sake of accuracy… here is a snapshot from web Archive from November 1st 2020:
web.archive.org/web/20201101120326/https://cashfxgroup.com/forex
EverFX was mentioned even in English version of CashFX website.
On snapshot taken by Web Archive on December 8th EverFX is gone.
Removing this mention (only) from English version of website… is outright ridiculous.
Looks like a behaviour of the child caught with “a red hand” and trying to hide/dispose the evidence… and then caught again while doing this disposal attempt. And forgetting that there is more than one proof left. How stupid and incriminating evidence.
The denials are funny for EverFX COO Najib Kassis was on stage at a CashFX event:
youtu.be/xYWtpEqtP_E?t=182
And incredibly, this Najib-guy is most likely the very same person who worked for Ruja Ignatova’s RavenR London office laundering OneCoin criminal proceeds, and whose name appears many times in the Mark Scott trial transcripts.
For example:
I think he is the same guy, because at around 1:00 and 1:26 timemarks of this OneCoin Christmans party video (youtube.com/watch?v=RaeYvmuLdbs), a very similiar looking guy flashes briefly on screen.
By hiring people like Kassis, it’s pretty clear that EverFX is criminal enterprise to its core.
This is absolutely bogus. The site URL you have in the image doesn’t even exist.
You have made this up, at least if you are going to create this site you should at least be above board.
Really a simple rebutle to this ridiculous claim: youtu.be/9eInK3MQO6k
Bogus how? The URL in the screenshot is cashfxgroup.com/es/forex, which very much “exists”.
What I will note is since publication of this article, CashFX Group has now also removed EverFX from their non-English websites. Too late, we capped it.
And if a screenshot isn’t enough because you’re a butthurt Ponzi scammer, there’s always Google cache (which will eventually update past early December but is showing the old page as I write this).
If you have to lie to make a point, you’ve already lost. And you really shouldn’t be running around accusing others of lying.
As for that video, shot ~3 months ago and mentions a “strategic partnership”. No audited financial reports confirming trading taking place or external revenue being used to pay affiliate withdrawals.
I stopped watching when Pablo attempted to represent the Cayman Islands, a scam friendly jurisdiction absent of active regulation, as having “one of the most strict regulations ever” (about ~3 mins in).
Social media marketing is not a substitute for regulatory registration and legally required audited financial reports.
So, I’ve been in CashFX for 8 months – I put $300 – once and so far I’ve withdrawn over $100,000 in returns and income.
So if CFX is a scam – they aint doing a very good job of being scammers are they.
Also – CFX now have copy trading and to activate it you have follow a coded link from your CFX back office to (drum roll perleeze) EverFX and you get your own account with EverFX.
On top of that EverFX are main sponsors for Sevilla FC – now, the “Brand Protection Lawyers” working for Sevilla FC have waaaay more money and resources than this tin-pot little site and they deemed EverFX squeaky clean enough to allow them to put EverFX on the kit of the EUFA Cup Winning Squad (that’ll be Sevilla then).
THis website is basically full of shite but I bet you dont have the balls to publish this you fuckwits.
Of course they are. CashFX Group have taken their cut on top of the $100,000 you’ve stolen from people who invested after you.
And what? That doesn’t change the fact CashFX Group is committing securities fraud because it’s a Ponzi scheme.
If individual investors are creating accounts at CashFX Group, what does that have to do with EverFX being CashFX Group’s broker?
Legitimacy via association isn’t a thing.
You sound awfully butthurt over the fact CashFX Group is a Ponzi scheme. I’m calling bullshit on your $100,000 claim.
Sorry for your loss.
Considering the OSC and the FCA both issued scam warning on CashFX group, it is pretty safe to say this is a scam.
I have quite a few of them tried to recruit me into this scam. They claimed to be educated in trading and yet do not know what a trade report is. They could only show withdraw report.
This is a classic scam like MTI and World Way.
Hey so why are you guys trying to bash CFX? They are a registered company >>> RUC 155665763-2-2018 DV 25 <<< and do use everFX for trading??
In fact they have recently introduced copy-trading so existing everFX members have been able to transition their accounts with CashFX so copy the trades that the CFX trading team is executing to re-produce the same results leveraging the everFX platform and EA (expert advisors) – (Ozedit: derail removed)
Also, this video here shows CFX and everFX team up with the actual executives of both CFX and everFX – youtu.be/xYWtpEqtP_E
Registered with which financial regulator? Where are the audited financial reports?
Basic incorporation = meaningless with respect to securities regulation.
And? You can’t legitimize securities fraud by adding stuff to it.
MLM + securities fraud = Ponzi scheme. CashFX Group is a Ponzi scheme.
You removed half of my post?? There is a video showing the teaming up of cfx and everFX – in fact some of your other threads indicate that cfx uses everFX.
for 10 months I’ve been getting trading returns paid out every Saturday like clock work and so have the other 160,000 members .. it’s been over a year now how could they still be going it it was a scam?
They don’t have to deal with financial regulators because it’s bitcoin in and bitcoin out which I think is a pretty clever way to decentralize forex trading system and allow regular folks to enjoy forex without having to manage it personally or that don’t have enough to meet the minimum capital investment amount which can up upwards of 5k usd or more.
Why would the founder Huascar Lopez share is real indentity and personal Instagram feed posting pictures of his young family and expose him self Like that if he was operating some sort of scam?
Why would he risk the safety of his family if was going to screw people over? You can actually watch the live trading happen in your cfx account Monday to Friday.
(Ozedit: derails removed)
Derails = gone.
And? Social media marketing spam is not a substitute for audited financial reports. Nor is it evidence of external revenue being used to pay returns.
And? Ponzi schemes pay out… until they don’t.
Same as any other Ponzi scheme. As long as new victims are recruited there’s money to pay out.
Also numbers on a screen != money paid out.
No country on the planet exempts passive investment in cryptocurrency from securities regulation.
So gullible dumbasses have a marketing point to bring up to detract from CashFX Group committing securities fraud because it’s a Ponzi scheme.
Again, not a substitute for legally required audited financial reports.
Here you will find all you need including EVERFX Najib Kassise endorsing CFX..
(Ozedit: marketing spam removed)
please take the time to self educate and correct your assumptions and allegations. Thank You
CFX Group / CashFXgroup
Blessings .. Let’s seek TRUTH … Thank you again …
Please don’t link to affiliate marketing blogs. They’re hardly credible.
In any event:
1. Najib Kassis endorsing CashFX Group has nothing to do with EverFX being their broker.
2. Marketing isn’t a substitute for registering with financial regulator and providing audited financial reports.
3. CashFX Group is still a Ponzi scheme.
I found another website: everfx.now.site that describes the relationship. It’s aa website CashFX recruiters use to show the legitimacy of the partnership.
There are also a few videos posted there: of Pablo Millan and Najib Kassis, who allegedly describe the great partnership with CFX. I wonder what’s your take one that?
My take is EverFX publicly denied being CashFX Group’s trading broker.
Regardless of whether it is or isn’t, CashFX Group is still committing securities fraud.
MLM + securities fraud = Ponzi scheme.
This video is from sept. 2020. Can you OZ tell me what is wrong with this video becos you say CFX is a scam:
bing.com/videos/search?q=pablo+millan+everfx&&view=detail&mid=971EA93B24D0F351D7F7971EA93B24D0F351D7F7&&FORM=VRDGAR&ru=%2Fvideos%2Fsearch%3Fq%3Dpablo%2Bmillan%2Beverfx%26FORM%3DHDRSC3
1. Marketing videos are not a substitute for registration with financial regulators and filed audited financial reports.
2. What some guy did or didn’t say in a video prior to Dec 2020 doesn’t change the fact CashFX Group denied it was the company’s broker.
3. CashFX has committed securities fraud since launch. MLM + securities fraud = Ponzi scheme. All Ponzi schemes are scams.
Do you have a point somewhere?
This is rubbish lol, I have the real email from EverFX and is does not say what this one does, it stays that they will not say if they do or they don’t.
All they do say is it would be wise to liaise with cashfx, then I replied and got the same message and was told they will not respond no more.
So the email you have is bolloks as for that supposed chat lol.
The legitimacy of the communications in the article isn’t under question.
Anything you received from EverFX (of which there is no evidence) does not invalidate the communications presented here.
EverFX denied it was CashFX Group’s broker. It happened, get over it.
So let me get this straight. Now the argument is that CashFX is legit because EverFX has not claimed it was not Cash FX Broker. Cash FX is legit because the owner is using his real name and would not risk all the fallout to his family and himself if it wasn’t.
So, I guess this means that Paul Burks, James Merrill, Andy Bowdoin, Bernie Madoff, Konstantin Igantov, Mark Scott, Gilbert Armenta, Greggory McKnight, Troy Barnes, Kristi Johnson, Dawn Wright-Olivares, Joby Weeks, Joby Boughey weren’t running Ponzi’s since they used their real names.
By the way, you can find most of them in Federal Prison for…wait for it….. running a Ponzi! This can’t be. And just think, I only mentioned a small number of them.
As for EverFX being or not being Cash FX’s trader is all smoke and mirrors. CashFX is a Ponzi because of its business model.
But let’s take it a step further. If CashFX is so legal, then why have: Panama, New Zealand, Bahamas, Jersey, New Brundwick, Saskatchenwan, Manitoba, Norway, Quebec, and the UK Securities divisions all issued FRAUD warnings against CashFX?
How could they all be so stupid to get it wrong about CashFX. I mean the owner uses his real name, the claim is EverFX is their trading broker; but the best part is CashFX amazing trader is a cab driver.
Yep CashFX sure sounds like a legitimate and legal company to me given all those positive claims by the pimps of this Ponzi.
Come on Ponzi pimps, you have got to step up your game. These excuses are the most lame I have ever heard in over 15 years of exposing these Ponzi’s.
Leon did you invest more than you can afford to lose??…lolzz
This is rubbish lol, Leon Jones is back! Mister cashfx scammer. Leon, you asked me where to send proof cashfx is ligimit and not a ponzi scheme scam!
I think you found the right platform! Leon Jones please show your proof here. We all waiting!
It’s funny they all call it a scam but show no proof it is. Someone please come on my face book with solid proof. I’ll wait for another two years
^^^^^^^^^^^^^^^^^^^^^^^^^
Future victims in the house. Not sorry for your inevitable loss.
@Leon
You sound butthurt. CashFX Group’s recent round of withdrawal delays getting you down?
CashFX Group offers a passive investment opportunity. They aren’t registered with financial regulators. You can verify this yourself in whatever jurisdiction you live in.
The only reason MLM companies commit securities fraud is because they aren’t doing what they say they are.
That proof has been there since CashFX Group launched. You turning a blind eye to proof is on you.
Not long to wait now. Lopez said yesterday that the mastercard withdrawal facility will be available within days.
“Great news guys! You can now use MasterCard to withdraw… *checks CashFX Group invested funds* … um, we’ll get back to you.”