Reported as a scam / unregulated
Why LongChen Finance is on the register
LongChen Finance claims to be run by Financefx, a British forex broker with many awards. This broker also shows its awards that have been earned from 2017 to 2019. But when we checked its domain, we found it was created in 2021. So how could it earn those awards from 2017 to 2019? It is a red flag here. Besides, as per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to LongChen Finance or Financefx in FCA. That means LongChen Finance is definitely not an approved broker in the United Kingdom. What’s more, LongChen Finance claims it has a registered address in Hong Kong. According to relevant law, all regulated forex brokers in Hong Kong are monitored by the Hong Kong Securities And Futures Commission (HK SFC). But no results are matching LongChen Finance in SFC. That means LongChen Finance is not overseen by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is 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.