Reported as a scam / unregulated
Why Free Forex is on the register
Free Forex purports to be managed by FreeFx LLC, a company that is allegedly registered in Anguilla under the Registration Number A000001472. Records from the Anguilla Commercial Registry do indeed match this information. However, it’s important to highlight that the Anguilla Financial Services Commission (AFSC), the primary financial regulator in Anguilla, does not regulate or license forex trading. Consequently, what Free Forex offers is not under the jurisdiction of the AFSC or subject to relevant regulations. The absence of regulatory oversight for a forex broker like Free Forex can pose significant risks. This is because there are no checks and balances in place to ensure transparency and regulatory compliance, as would be the case with a regulated entity. As a result, customers may not benefit from regulatory protections. In summary, Free Forex is not regulated by any governing body. The act of entrusting investors’ funds to such an entity carries a high level of risk due to the lack of legal protections designed to safeguard these funds. Therefore, we flags Free Forex as an unregulated broker and suggest investors avoid it.
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.