Free Forex
We checked Free Forex against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Free Forex purports to be managed by FreeFx LLC, a company that is allegedly registered in Anguilla under the Registration Number A000001472. Records from the Anguilla Commercial Registry do indeed match this information. However, it's important to highlight that the Anguilla Financial Services Commission (AFSC), the primary financial regulator in Anguilla, does not regulate or license forex trading. Consequently, what Free Forex offers is not under the jurisdiction of the AFSC or subject to relevant regulations. The absence of regulatory oversight for a forex broker like Free Forex can pose significant risks. This is because there are no checks and balances in place to ensure transparency and regulatory compliance, as would be the case with a regulated entity. As a result, customers may not benefit from regulatory protections. In summary, Free Forex is not regulated by any governing body. The act of entrusting investors’ funds to such an entity carries a high level of risk due to the lack of legal protections designed to safeguard these funds. Therefore, we flags Free Forex as an unregulated broker and suggest investors avoid it.
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 Free Forex.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.