Reported as a scam / unregulated
Why FxPower is on the register
According to its website, it claims to provide trading services such as foreign exchange, stock indexes, precious metals, and cryptocurrencies. It is operated by FxPower Trading LLC and is authorized and supervised by the St. Vincent Financial Services Authority (SVG FSA) (registration number 338 LLC 2020, 393 LLC 2020) and the International Financial Market Relations Supervision Center (IFMRCC) , and operates in the UK, delivering all services through central London. Upon investigation, no matching information was found in the SVG FSA and FCA. In addition, IFMRCC is not a regulatory agency and has no regulatory effect. In essence, FxPower is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. FxPower appears to be 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.