Reported as a scam / unregulated
Why XTBFX is on the register
The domain of XTBFX was registered in late May 2024, making it a relatively new website. The company’s role is unclear, as it doesn’t provide a clear image of itself in the financial industry—a red flag. While XTBFX claims to hold an MSB registration with the Financial Crimes Enforcement Network (FINCEN), it doesn’t disclose any specific registration details. We searched for the company name on the FINCEN register and found no corresponding records. XTBFX is almost anonymous, providing only a phone hotline on the website, suggesting it might be operating out of the US. Given its claim of providing financial services for trading various derivatives assets, including stocks, FX, and cryptos, we searched the registers of relevant US financial regulators but found no records. In essence, XTBFX 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. XTBFX 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.