Reported as a scam / unregulated
Why Forexpress is on the register
Forexpress’ website states that the company is registered in Saint Lucia and lists a physical address in Seychelles. First, we confirmed the existence of Forexpress Limited in the Saint Lucia International Financial Centre (IFC) registry. However, it is critical to note that this registration only confers International Business Company (IBC) status. The IFC does not regulate or authorize entities to conduct forex trading services. Secondly, we have reviewed the public records of the Financial Services Authority (FSA) in Seychelles. The entity behind Forexpress is not licensed or supervised by the Seychelles FSA, despite claiming a local presence. Therefore, Forexpress operates without any regulation. It 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 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.