Consider trading with Cashville FX? Is this broker a reliable broker? Read Cashville reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is Cashville FX?
Cashville FX otherwise known as cashvilleglobal.com is an offshore brokerage with the trading name CVFof Stock Group Limited with a lot of promises for forex traders. The forex company claims incorporation in the UK.
The broker offers different account types such as
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Cashville Minimum Deposit
Cashville FX specifies its deposit fee at $100 based on the account type. In comparison, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
Cashville fx leaves us with a single payment method, that is, Bitcoin.
Just so you know, cryptocurrencies are the payment method of choice for most financial scammers. The reason for this is that on the one hand cryptocurrencies provide a degree of anonymity and on the other hand they do not allow the defrauded person to ask for a refund.
Withdrawal process:
Cashville FX claims that it does not charge fees for deposits and withdrawals, but at the same time, the Terms and Conditions mention a monthly account maintenance fee. However, the amount of this fee is not specified.
Cashville FX Platform:
Cashville FX presents industry trading softwares — Metatrader 4 (MT4), Metatrader 5 (MT5) and IRESS. After registering an account we do not get access to any trading software. Cashville Fx is obviously a low-effort scam, counting on fooling inexperienced people who do not know what to expect from a real forex broker.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Cashville FX leverage is max 1:500. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
What We Discovered about Cashvilleglobal.com Broker
First of, Cashville FX claims incorporation in the UK as well as regulation by the local Financial Conduct Authority (FCA). But a check of that regulator’s registry reveals not a licence, but a warning that Cashville Fx is a fraud. Take a look yourself —-
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Cashville FX Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Bottom Line:
Cashville FX located at cashvilleglobal.com claims to appear like a trustworthy trading broker, however, that cannot be trusted. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.
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