High Risk
Reported as a scam / unregulated
SF-701803registry entry
Why ZaxMarkets is on the register
ZaxMarkets claims to be registered in Financial Services Authority (FSA) of Saint Vincent and the Grenadines, but we don’t find any results on FSA of Saint Vincent and the Grenadines matching to ZaxMarkets. What’s more, FSA of Saint Vincent and the Grenadines doesn’t regulate forex and it is not a regulatory institution. The truth is that ZaxMarkets is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. ZaxMarkets is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.