High Risk
Reported as a scam / unregulated
SF-707214registry entry
Why NAXWARE is on the register
NAXWARE provides no verifiable regulatory information, merely stating that it is operated by Naxware Systems Inc., allegedly registered in the Seychelles. However, our thorough search of the official register of the Seychelles Financial Services Authority (FSA) yielded no record of NAXWARE or any related entity. This complete lack of transparent corporate and regulatory data strongly indicates that NAXWARE is operating without authorization, a common characteristic of scam brokers designed to deceive and exploit investors. Therefore, NAXWARE 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.