Reported as a scam / unregulated
Why Fxonet is on the register
Fxonet claims to be operated by Fxonet Ltd and regulated by the MWALI International Services Authority (MISA) under license number BFX2024049. Although the license does correspond to a company named Fxonet Ltd, the official domain listed in the registry is . Upon visiting this website, it becomes evident that its content and design are entirely different from the platform. This mismatch strongly suggests that the Fxonet platform in question may have used the credentials of the legitimate Fxonet Ltd to falsely present itself as a regulated entity. Such practices are common among scam operations. Therefore, it is a fraud.
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.