Reported as a scam / unregulated
Why FAX LTD is on the register
FAX LTD claims to be a online trading platform registered in Saint Lucia, operated in Cyprus, which offers a range of investment products to traders, including Forex, Commodities, Indices, Stocks, Cryptocurrency and more instruments for trading in global markets. Upon investigation, we found that FAX Ltd is registered with the International Financial Centre (IFC) in Saint Lucia, an International Business Companies Registry that doesn’t license forex trading brokerage activities. However, FAX LTD is not regulated by the Cyprus Securities and Exchange Commission (CySEC). The truth is that FAX LTD is not regulated by any regulators. Letting it hold or control investors’money is unsafe, and the money can not be protected by any laws. FAX LTD 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.