Reported as a scam / unregulated
Why Foxi Markets is on the register
Foxi Markets asserts that it is regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), providing alleged licensing information to support these claims. However, our verification with both regulators indicates that the licensees with identical names in the registers are no longer authorized and regulated. Furthermore, the records from these two watchdogs are insufficient to confirm that Foxi Markets is associated with these now-invalid licenses. Despite its claim of being registered in Thailand, Foxi Markets only provides a purported company registration number. As of the current date, there are no specific regulations for forex trading in the country, and no specific financial regulator responsible for licensing or regulating the forex market. In summary, Foxi Markets is not regulated by any governing body. Entrusting them with investors’ funds is highly risky, as there are no legal protections in place to safeguard these funds. We advise against investing with Foxi Markets.
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.