Reported as a scam / unregulated
Why AFX Financial is on the register
AFX Financial is an unauthorized broker for the following reasons. First, after going through the broker’s website, we found that neither regulatory information nor company details is mentioned. The lack of such information may be a distinct characteristic of unlicensed brokers, as regulated brokers always present their accreditation and licenses in a prominent position. Second, we found all legal documents presented on its website are unavailable, which should be the biggest red flag for potential traders. Most importantly, this broker is located in India. However, India doesn’t issue any licenses for forex trading nor regulate any forex activities. So AFX Financial is not overseen by any regulators. That means 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.