FxPower
We checked FxPower 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
According to its website, it claims to provide trading services such as foreign exchange, stock indexes, precious metals, and cryptocurrencies. It is operated by FxPower Trading LLC and is authorized and supervised by the St. Vincent Financial Services Authority (SVG FSA) (registration number 338 LLC 2020, 393 LLC 2020) and the International Financial Market Relations Supervision Center (IFMRCC), and operates in the UK, delivering all services through central London. Upon investigation, no matching information was found in the SVG FSA and FCA. In addition, IFMRCC is not a regulatory agency and has no regulatory effect. In essence, FxPower 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. FxPower 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 FxPower.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.