Reported as a scam / unregulated
Why WesternFX is on the register
WesternFX’s website only displays its registration details with the St. Vincent & the Grenadines Financial Services Authority (FSA) and the St. Lucia International Financial Centre (IFC). While these registrations can be verified, they merely indicate that the company is registered as an International Business Company (IBC), not that it holds a legitimate license to operate as a forex broker under stringent regulatory oversight. Furthermore, WesternFX has been flagged by Spain’s Comisión Nacional del Mercado de Valores(CNMV) for operating without authorization. Given the lack of proper regulatory licensing and the official warning from a reputable European regulator, WesternFX is highly likely to be 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.