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BlackRock Forex

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AC-500502

BlackRock Forex

⚠ Flagged on the register · High risk

We checked BlackRock Forex against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.

See full entry on SentFunds →
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Why it’s flagged

⚑ Unregulated / unlicensed⚑ Offshore / shell registration⚑ False or fabricated claims
Named in relation to ASIC (Australia)Named in relation to NFA (U.S.)Named in relation to FMA (New Zealand)

What we found

BlackRock Forex obscures information about its operators, making it exceedingly difficult to verify its authenticity and legitimacy. The brand purports to be regulated by multiple financial regulators, including the National Futures Association (NFA), the Australian Securities and Investments Commission (ASIC), the New Zealand Financial Markets Authority (NZ FMA), and the Vanuatu Financial Services Commission (VFSC). However, our checks with these financial regulators suggest that these regulatory claims are unfounded, with no evidence indicating that it falls under the jurisdiction of any of these authorities. Specifically, despite the existence of two AR licensees in the ASIC register bearing the same name as BlackRock Forex, neither of them remains valid. This implies that even if the AR licenses were indeed issued to BlackRock Forex, the broker would still be operating unlawfully as they have been revoked by the ASIC. Furthermore, the alleged MSB registration with the Financial Crimes Enforcement Network (FinCEN) also appears to be false. In essence, BlackRock Forex is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. BlackRock Forex appears to be a scam.

Assessment source: FastBull BrokersView.

What to do next

  1. Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
  2. Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
  3. Report it to your regulator and to local police / action-fraud line so it’s on the official record.
  4. Add your report here so the next person searching this name is warned — report BlackRock Forex.
  5. Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.
Beware recovery scams. After a loss, fraudsters often return posing as “recovery agents” who guarantee your money back for an up-front fee. AskCheck is a free public checker — we don’t recover funds and we don’t guarantee funds can be recovered. Never pay anyone who promises a guaranteed recovery.

Other flagged brokers

Fergatex⚠ Flagged
A trade International⚠ Flagged
INDOCAPITALS⚠ Flagged
Ironwave Capital⚠ Flagged

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