Reported as a scam / unregulated
Why VarinFX is on the register
VarinFX claims to be owned and operated by iDraw Tech Ltd, is a broker certified by Saint Vincent and the Grenadines Business Company with license number 25412 BC 2019, offering wide range of financial services, including Indices, Metals, Forex, Oil, Cryptocurrencies and more instruments in global markets. Upon investigation, we didn’t find the business registration of VarinFX / iDraw Tech Ltd with the Financial Services Authority in St. Vincent and the Grenadines(SVG FSA) , an offshore authority that doesn’t license financial derivative trading brokerage activities. The truth is that VarinFX is not regulated by any regulators. Letting it hold or control investors’ money is unsafe, and the money can not be protected by any laws. VarinFX 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.