501FX
We checked 501FX against the AskCheck register. It has been reported (2026) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
501FX claims to be authorized by MWALI International Services Authority (MISA). However, while a licence under the stated entity FSG Brokers LTD does appear in the official MISA register, the registered website domain associated with that licence does not match the website currently used by 501FX. This mismatch raises serious doubts about whether 501FX is genuinely operating under the claimed authorization. Moreover, the Financial Conduct Authority (FCA) issued a warning against 501FX, believing this company might be providing financial services or products without proper authorization in the UK. Thus, we assess 501FX as likely unlicensed or potentially fraudulent. 501FX appears to be 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 501FX.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.