Reported as a scam / unregulated
Why FOMOSO is on the register
FOMOSO claims it was established in 2015, but when we checked its domain, we found it was created in 2017. So how could it start its business in 2015? It is a red flag here. Besides, FOMOSO claims to be regulated by the US Financial Crimes Enforcement Network (FinCEN) with an MSB license number: 31000212133824. But please be informed that FinCEN does neither issue licenses for forex trading nor regulate any firms that offer forex activities. As per the United States law. Firms and individuals, who do not possess the relevant regulation issued by the National Futures Association (NFA), are not allowed to solicit or approach US citizens. When we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member. That means FOMOSO is actually not overseen by any regulators. 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.