Reported as a scam / unregulated
Why NIYAFA FX is on the register
NIYAFA FX claims to operate as NIYAFAFX Ltd and states it is registered with the Money Services Business (MSB), which we have verified. However, it is critical to note that MSB registration, administered by FinCEN, is solely for anti-money laundering compliance and does not authorize or regulate forex trading activities. In the United States, the National Futures Association (NFA) is the sole authority responsible for licensing and overseeing forex brokers, and our check confirms that NIYAFA FX is not registered or regulated by the NFA. Furthermore, the platform appears to lack oversight from any recognized financial regulator, which is a major red flag and strongly indicates a high risk of fraudulent operations.
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.