Reported as a scam / unregulated
Why FRFX is on the register
FRFX claims to be owned and operated by FLOURISI LIMITED, a company authorized and regulated by the US National Futures Association (NFA) with the license: 0551772, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under license: M20201096, and the Financial Crimes Enforcement Network (FinCEN) with the license: 31000226418708. First, we indeed find match results to FRFX in FINTRAC and FinCEN. But please be informed that the above two authorities are not forex regulatory bodies that regulate entities engaging in forex services. Second, we also found a matching result to this broker in NFA’s registry, however, FRFX is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a “retail forex exchange dealer.” Obviously, FRFX doesn’t satisfy these conditions. The truth is, FRFX is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is 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.