Genex FX
We checked Genex FX 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
Genex Fx claims to be an authorized broker regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under regulatory number: M21193756. We searched the FINTRAC and found a matching result. However, please be informed that the FINTRAC does not regulate forex activities. Genex Fx also claims to be a UK-based firm, so we searched the United Kingdom Financial Conduct Authority (FCA), but found no matching result. That means Genex Fx is not authorized to provide financial services in the United Kingdom. Not regulated by any regulators, letting this broker hold or control customers' money is unsafe and the money can not be protected by any laws. 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 Genex FX.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.