Reported as a scam / unregulated
Why bitcastleFX is on the register
bitcastleFX does not disclose any regulatory information on its website. Instead, it only states that it is registered in Saint Vincent and the Grenadines under the entity name bitcastle LLC. Based on this information, we conducted a search in the registry of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines and confirmed that the company is indeed registered as an International Business Company (IBC). However, it is crucial to understand that an IBC registration is a basic corporate incorporation and does not amount to financial regulation. The SVG FSA has explicitly stated that it does not license or regulate foreign exchange brokers, and such registration provides no financial oversight. Therefore, bitcastleFX appears to be unlicensed by any regulator and a potential scam broker.
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.