CRYPTOCASHFX

CryptocashFX is an online forex and CFD broker established on 28 January 2021, according to our records. The broker primarily targets the Latin American market, with offices in Peru, Ecuador, and Bolivia as listed on its website. Its registered address, as per the terms of service, is at '6 de diciembre y portugal edificio zyra' in Ecuador.

The broker claims to be a '100% Peruvian company' but its company description indicates registration in Saint Vincent and the Grenadines, a common offshore jurisdiction. The known facts also list Portugal as a country of registration, though this may refer to the domain registration. The operational headquarters appear to be in Latin America.

CryptocashFX is not regulated by any financial authority. Our records show no regulators on file, and the broker's own website does not claim any form of regulatory oversight. Registration in Saint Vincent and the Grenadines does not imply any licensing or supervision by a financial regulator.

FXCanary's Scam Risk Score for CryptocashFX is 75 out of 100, indicating a 'Severe' level of risk. Traders should be aware that the absence of regulation means there is no external oversight of client fund segregation, trading practices, or dispute resolution. This significantly increases the risk of potential fraud or malpractice.

The broker offers its own proprietary trading platform, which it claims is accessible from any device. The platform is designed to facilitate trading across multiple asset classes, including cryptocurrencies, stocks, and ETFs. Social trading and financial advisory services are also mentioned as features.

No specific platform names, such as MetaTrader 4 or 5, are mentioned on the website. The lack of independent reviews or third-party information about the platform makes it difficult to assess its reliability, execution speed, or user experience.

CryptocashFX claims to provide access to over 250 financial instruments. The instruments include cryptocurrencies, stocks, ETFs, and investment funds. However, the website does not provide a detailed list of specific instruments or trading pairs.

Key trading conditions such as leverage, spreads, commissions, and minimum deposit requirements are not disclosed. This lack of transparency makes it challenging for traders to evaluate the cost and suitability of the broker's offering.

CryptocashFX does not provide any information on account types on its website. There are no details on different tiers, minimum deposits, or account features such as Islamic accounts or demo accounts.

Our known facts also confirm that information on account types is not available. This omission is a significant red flag, as account types and their conditions are typically a crucial part of a broker's offering. Without this information, traders cannot make an informed decision about which account might suit their needs.

The broker offers customer support via email and telephone. The contact page provides email addresses for general inquiries (info@cryptocashfx.com) and support (soporte@cryptocashfx.com), as well as phone numbers for Peru, Colombia, and Ecuador. Physical offices are listed in Lima, Quito, and Santa Cruz.

A support ticket system is also available on the website. However, there is no live chat option, and the response time is not disclosed. The education section is present but appears to require an API key to display videos, limiting its usefulness.

CryptocashFX is a relatively new broker operating primarily in Latin America. It offers a wide range of instruments and a proprietary platform, but its lack of regulation and transparency (especially regarding account types and trading conditions) are major concerns.

The severe risk score of 75/100 underscores the dangers of trading with an unregulated broker. Traders are strongly advised to exercise extreme caution and consider fully regulated alternatives before engaging with CryptocashFX.