Reported as a scam / unregulated
Why Fake FOREXer is on the register
Fake FOREXer claims it is owned and operated by Global Eternity, an investment holding company regulated by the Malaysia regulator Labuan Financial Services Authority (Labuan) with License number: LL17111. However, we did not find any match results to the company name or the license number in Labuan. The regulation info this broker claims on the website is a false statement for unsuspecting traders. Besides, Fake FOREXer claims it has several subsidiaries in different countries including the USA, New Zealand, and Dubai. According to this info, we did searching in the following authorities: 1) The US National Futures Association (NFA); 2) The New Zealand Financial Markets Authority (NZ FMA); 3) The Dubai Financial Services Authority (DFSA). However, we did not find any match results to Fake FOREXer in the above watchdogs’ registry. That means Fake FOREXer is not regulated by any regulators. Investors’ money in this broker is 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.