Reported as a scam / unregulated
Why BRFXtrade is on the register
BRFXtrade claims to be operated by BR Consulting Group Ltd, which is registered in Financial Services Authority (FSA) of Saint Vincent and the Grenadines. We searched the FSA and found a matching result. But FSA of Saint Vincent and the Grenadines doesn’t regulate forex and it is not a regulatory institution, so having registration does not mean being authorized to provide financial services. The truth is that BRFXtrade is not under valid regulation by any regulators to do forex. 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 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.