LongChen Finance
We checked LongChen Finance 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
LongChen Finance claims to be run by Financefx, a British forex broker with many awards. This broker also shows its awards that have been earned from 2017 to 2019. But when we checked its domain, we found it was created in 2021. So how could it earn those awards from 2017 to 2019? It is a red flag here. Besides, as per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to LongChen Finance or Financefx in FCA. That means LongChen Finance is definitely not an approved broker in the United Kingdom. What's more, LongChen Finance claims it has a registered address in Hong Kong. According to relevant law, all regulated forex brokers in Hong Kong are monitored by the Hong Kong Securities And Futures Commission (HK SFC). But no results are matching LongChen Finance in SFC. That means LongChen Finance is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. 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 LongChen Finance.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.