High Risk
Reported as a scam / unregulated
SF-703162registry entry
Why Emirax Markets is on the register
Emirax Markets claims to be operated by EmiraX Markets Ltd, regulated by the Anjouan Offshore Finance Authority (AOFA). While a matching entity appears in AOFA’s licensee list, this regulation alone does not ensure legitimacy. AOFA is known for extremely weak oversight and low regulatory standards, offering minimal investor protection. Moreover, AOFA does not disclose the licensed entity’s domain names, making it difficult to confirm the platform’s official link to the licensed entity. Therefore, Emirax Markets is not a reliable platform and carries a high risk of 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.