Is CashBackForex a scam? Based on its regulatory footprint, withdrawal behaviour and corporate transparency, our verdict is clear — and concerning. Here is the full review.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is CashBackForex?
CashBackForex markets itself as an online trading and investment service. Its public site is presented at https://www.cashbackforex.com/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.
Is CashBackForex regulated?
We could find no evidence that CashBackForex holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Offshore or shell-company registration used to avoid oversight
- Account dashboards that show “gains” with no real market exposure
- Opaque or anonymous corporate ownership
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- Unrealistic profit claims and pressure to deposit more
Our analysis
According to its website, it operated by Clear Markets Ltd and located in the BVI. Upon investigation, no matching information was found in the British Virgin Islands Financial Services Commission (BVI FSA). In addition, it mentions on the website that Excel Markets Inc. dba cashbackforexusa.com is a US regulated corporation (NFA ID 0418103). Upon investigation, no matching information was found in the National Futures Association (NFA)。 In essence, CashBackForex is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. CashBackForex appears to be a scam.
Can you recover money lost to CashBackForex?
If you have deposited with CashBackForex, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by CashBackForex?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.