Reported as a scam / unregulated
Why ParoxFX is on the register
ParoxFX does not disclose any regulatory information or trading licenses, but merely states that it is incorporated in Saint Vincent and the Grenadines and domiciled in Antigua and Barbuda. However, it is important to note that neither jurisdiction has a regulatory authority that oversees or licenses forex brokers , meaning incorporation in these locations does not equate to regulatory compliance. More alarmingly, our search of the official registry of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines found no record of the claimed entity, ParoxFX LLC. ParoxFX is in essence unlicensed by any regulator. Therefore, ParoxFX 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.