Reported as a scam / unregulated
Why Bourfxtrade is on the register
Bourfxtrade claims to be a trading and investment platform offering forex and cryptocurrency products, and states that it is authorized and regulated by the U.S. Securities and Exchange Commission (SEC). However, our investigation indicates that Bourfxtrade does not appear in the official registration database of the SEC. It is also important to note that the SEC does not regulate foreign exchange (forex) trading activities. Furthermore, while Bourfxtrade claims to have a business address in the United Kingdom, we have not found any record of this company registered with the Financial Conduct Authority (FCA), which is the regulatory body responsible for overseeing financial services firms in the UK. Based on these findings, Bourfxtrade appears to operate without proper regulatory authorization from any reputable financial authority. Therefore, Bourfxtrade pose a high risk to investors and appears to be 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.