Reported as a scam / unregulated
Why AvaxFX Markets is on the register
AvaxFX Markets’ website does not clearly state any regulatory oversight, but it displays the logo of the Australian Securities and Investments Commission (ASIC) in the footer, which may mislead users into believing it is regulated. However, our search of ASIC’s official database found no record of AvaxFX Markets, raising serious concerns about potential false representation. Additionally, while the platform claims to be based in Montenegro, we have also searched the registry of the Securities Commission of Montenegro (SCMN) and found no matching entity. This further confirms that AvaxFX Markets is not authorized or supervised by any recognized financial regulatory authority. Given that the platform operates without any verifiable regulation, it poses a high risk of fraudulent activity.
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.