Reported as a scam / unregulated
Why Data FX is on the register
Data FX claims to operate under Data FX Inc., which is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While it is true that a company with this name appears in the SVG FSA registry, this registration only confers International Business Company (IBC) status and does not amount to a valid financial license. Notably, the SVG FSA has explicitly stated that it does not regulate or license foreign exchange brokers. Furthermore, Data FX appears to be unregulated by any recognized financial authority, as no licensing information is available on its website. Therefore, Data FX 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 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.