High Risk
Reported as a scam / unregulated
SF-701727registry entry
Why MagnoFX is on the register
MagnoFX’s website provides no regulatory disclosures, only claims that it was registered in United Kingdom. We searched the official register of the FCA using all available details, but found no record of MagnoFX or any associated company. This absence of basic corporate and regulatory information strongly suggests that MagnoFX operates without authorization. Therefore, MagnoFX 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.