The Financial and Consumer Affairs Authority is aware that an online trading platform, Cash FX Group – also known as Cash Forex Group, and CashFX, CFX – is offering Saskatchewan residents a Multi-Level-Marketing opportunity to invest in forex. Investors pay for training materials to learn how to trade in forex themselves and they invest in a “trade pool” where funds are pooled into a Cash FX corporate brokerage account. The account is purported to invest in derivatives through an off-shore brokerage firm that is not registered in Saskatchewan.

Cash FX Group is not registered in any capacity with the Authority. Individuals or companies need to be registered in order to trade or sell securities or derivatives in Saskatchewan.

CashFX Group has also been the subject of investor alerts in other jurisdictions, specifically British Columbia, the United Kingdom, Norway and Panama.