Reported as a scam / unregulated
Why SpotpayFX is on the register
SpotpayFX claims that it was founded in 2018, but its domain name was recently registered in the second half of 2023. This discrepancy raises doubts on the broker’s credibility. Trustworthy brokers display their regulator’s name and license or regulation number in the footer of their website. However, SpotpayFX doesn’t. This is a red flag for fraudulent activities. In essence, SpotpayFX is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. SpotpayFX 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.