Regina Forex
We checked Regina Forex against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Regina Forex claims it was founded in 2010 with more than 10 years of industry experience. However, when we check on the Internet, we found it was newly established in 2021. It is a red flag here. The broker claims to be registered in Canada and seems to be a legit, licensed brokerage by showing its registration(license number M21068549) with MSB, which refers to the Canadian FINTRAC license. Well, it’s not! As you may know, FINTRAC has no power to authorise FX brokers, so Regina Forex Limited is just registered as a transaction reporting entity. That is to say, the entity falsely claims to be a licensed broker. This is another scam red flag here. In fact, for a Canadian forex company, if Regina Forex wants to call itself a licensed broker, it needs to get authorised by the Investment Industry Regulatory Organization of Canada (IIROC), which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. Based on the information, we can conclude Regina Forex provides traders with forex trading services but it lacks any kind of regulation. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Regina Forex.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.