Reported as a scam / unregulated
Why Freyr is on the register
Except its email address, Freyr’s contact information including phone and address is currently not available. Besides, there is no more necessary documents including “Terms and Conditions” or other legal specifications. Under these circumstances, you can’t reach the phone number, verify the locations, and can’t confirm in any other way whether the broker is authorized to sell forex goods or not, so that’s most likely a fraud. On the other hand, Freyr is not a reliable FX broker since it does not hold a license from any worldwide serious FX authority. Viewing its website, Freyr claims that it is regulate by NFA of the United States and the regulatory certificate number is NFA ID: 0542173. However, when we checked with the license number, we found the entity is not an NFA member. The result shows that Freyr is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
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.