Reported as a scam / unregulated
Why Discovery FX is on the register
Discovery FX claims to be registered with Money Services Businesses (MSBs) ID.31000159574899 issued by the United States FinCEN. However, FinCEN does not regulate forex markets nor does it issue licenses for brokers engaging in such activities. So FinCEN-registered broker is not a regulated broker in the US. Besides, the US regulatory framework is deemed as one of the world’s strictest. A US-licensed forex broker should be approved by the US Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC). However, we didn’t find any result matching this broker from the registers of NFA and CFTC. So Discovery FX is not overseen by any regulator. That means 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 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.