Reported as a scam / unregulated
Why ArgoFX is on the register
ArgoFX presents itself as a trading platform offering access to a variety of trading assets, including forex pairs, commodities, and indices. However, it is an unregulated broker. ArgoFX refers to itself under different company names in its legal notices. In its Terms and Conditions, it states that the website is operated by Swilt Group Limited, supposedly based in Seychelles. However, our search in the Seychelles Financial Services Authority (Seychelles FSA) registry yielded no results for this company, indicating that it is not licensed or regulated in Seychelles. This is a significant red flag. Conversely, in its Risk Disclosure Notice, it identifies itself as ArgoFX LLC. Despite listing a UK phone number as its hotline, our search in the Financial Conduct Authority (FCA)’s register found no record of it. Considering these findings, ArgoFX poses risks of fraud and identity theft. Traders interacting with it will not be protected by any regulatory framework. We conclude that ArgoFX is a scam and strongly advise investors to avoid it.
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 to the right next step. 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.