Reported as a scam / unregulated
Why Forex Genie Pro is on the register
Forex Genie Pro claims to be a legal investment company managed and owned by Dr. Shi Feng Xavier Ltd, and based in UK, USA and China authorized by the European Economic Area (EEA) under the CIF license 247/14, offering wide range of financial services, including Forex, Cryptocurrencies and more instruments in global markets. As a Chinese Investment Firm, the trading platform comes under the jurisdiction of the Chinese Securities Exchange Commission (CSEC). Upon investigation, the CIF license 247/14 should be the Cyprus Securities and Exchange Commission (CySEC). The company with the license 247/14 is IQOption Europe Ltd(www.eu.iqoption.com; quadcodemarkets.com) in the CySEC. Apparently Forex Genie Pro is not regulated by the CySEC. Forex Genie Pro is also not authorized and regulated by the United Kingdom Financial Conduct Authority (FCA), the U.S. National Futures Association (NFA) and the China Securities Regulatory Commission (CSRC). The truth is that Forex Genie Pro is not regulated by any regulators. Letting it hold or control investors’ money is unsafe, and the money can not be protected by any laws. Forex Genie Pro 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.