Forex Cash Market has been flagged by Commodity Futures Trading Commission for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I was contacted by Forex Cash Market through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
The spread at Forex Cash Market is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through word of mouth in my investment club and initially thought the platform was good - until I started trading seriously.
Pros: Competitive fees|Excellent charting
Cons: Live chat only during business hours|No dark mode on mobile
I gave Forex Cash Market a fair chance. After since the beginning of the year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Great customer service|Multiple order types
Cons: Account statements could be more detailed
Forex Cash Market had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Easy withdrawals|Market news feed|Dedicated account manager|Reliable uptime
Cons: Charting tools need more indicators|Alert system is basic
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Forex Cash Market has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
I found Forex Cash Market through my accountant's suggestion and the initial impression was positive. But for close to eighteen months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Full transparency|Fast deposits
Cons: Research section could be deeper
Forex Cash Market has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Risk management tools|Tax reports included|API access|Automated trading options
Cons: Onboarding videos are outdated
I have been trying to close my account with Forex Cash Market for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Full transparency|Excellent charting
Cons: No crypto staking
I wanted to transfer my portfolio from another broker to Forex Cash Market. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Two-factor authentication|Personal attention
Cons: Desktop app not available on Linux|No fractional shares
The so-called education at Forex Cash Market is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for roughly four months thinking they would help me learn.
Pros: Excellent charting|Portfolio tracking tools
Cons: No fractional shares|Wait times can be long during peak hours