Reported as a scam / unregulated
Why White Fx is on the register
White Fx claims to be a reliable trading platform providing a wide range of services to every customer, which registered with the Securities and Exchange Board of India (SEBI) with registration number INA20001350 and St Vincent & The Grenadines Financial Services Authority (SVG FSA) under a Global Business License: 258745/IBC. However, first SEBI is not a forex regulator that issues licenses for forex trading or regulates entities engaging in forex. Second, we did not find any match results to the license number in SVG FSA, but we found a company named “WHITEFX MARKETS LIMITED” with license number 26780. Since the license number and the company name is not matching, we only can conclude that the registration in SVG FSA of this broker is suspicious. What’s more, White Fx shows its company office is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results for to for his broker in FCA. The truth is, White Fx is not under valid regulation by any regulators to provide investment services. Investors’ funds in this company are unsafe and cannot be protected by any law. Therefore, it 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.