Reported as a scam / unregulated
Why JPEX is on the register
According to its website, JPEX claims JPEX as a licensed platform that provides trading services for digital assets and virtual currencies and is regulated by the Australian Securities & Investment Commission (ASIC), registration number is 644625650. It also claims that it holds It has the licenses of FINTRAC and FINCEN.After inquiry, it was found that the company name corresponding to the registration number 644625650 is indeed JPEX, but it is only industrial and commercial registration and is not subject to the supervision of ASIC.In addition, FINTRAC and FINCEN are anti-money laundering agencies and do not supervise foreign exchange, so this license cannot be used as a certificate for foreign exchange transactions. The truth is that JPEX is not regulated by any regulators. Letting it hold or control investors’ money is unsafe, and the money can not be protected by any laws. Therefore, JPEX 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.