Reported as a scam / unregulated
Why Grayscale Forex is on the register
GrayScale Forex uses a website design that is identical to another scam broker DBRS Morningstar’s. The content including the regulatory information provided by this template is fake as a result. The claim that GrayScale Forex is registered with and licensed by many regulatory bodies, including the National Futures Association (NFA), the Australian Securities and Investments Commission (ASIC), the New Zealand Financial Markets Authority (NZ FMA), the Vanuatu Financial Services Commission (VFSC), and the Seychelles Financial Services Authority (Seychelles FSA), is false as our extensive searches through these regulators’ registers have failed to yield any evidence of its legitimacy. What’s more, GrayScale Forex claims to hold an MSB (Money Services Business) designation in the US. However, a search on the Financial Crimes Enforcement Network (FinCEN) website revealed no records to support this assertion. In essence, GrayScale Forex is not regulated by any governing body. Entrusting this broker with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. GrayScale Forex is unequivocally 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.