Reported as a scam / unregulated
Why GLFX is on the register
GLFX claims to be registered in the United Kingdom. However, upon checking the Financial Conduct Authority (FCA) register, we found no evidence that the company is authorized to conduct forex trading or any other regulated financial activities. GLFX also states it has an office in Dubai, United Arab Emirates. Despite this claim, we conducted thorough checks with both the UAE Securities and Commodities Authority (SCA) and the Dubai Financial Services Authority (DFSA). Unfortunately, no regulatory record of GLFX was found with either authority. This further strengthens our concern that the entity is operating without proper supervision in its jurisdiction as well. The complete lack of verifiable regulatory oversight from any reputable financial authority strongly suggests that GLFX is conducting financial services illegally. Therefore, GLFX 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.