Reported as a scam / unregulated
Why Pendoxa is on the register
Pendoxa claims to be operated by CoinShares International Limited and belongs to the CoinShares Group. It claims to be regulated by the Jersey Financial Services Commission (JFSC), the Autorité des marchés financiers (AMF), and CoinShares Capital Markets (UK) Limited, an appointed representative of Strata Global Ltd., which is authorized and regulated by the Financial Conduct Authority (FCA). First, although CoinShares (Jersey) Limited is listed in the JFSC registry, it only holds a basic registration. It does not possess a valid license to conduct forex trading. Second, we could not find any record of this company being authorized or registered by the French financial regulator, AMF. Third, while the FCA has records of the mentioned UK subsidiary, its registered website does not match Pendoxa’s domain. Furthermore, its regulatory authorization strictly excludes retail derivatives trading. Even if they were affiliated, serving retail clients would be outside their legal scope. Given all these suspicious findings, we consider Pendoxa as a potential fraudulent platform.
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 to the right next step. We never ask for up-front recovery fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.