Check › Broker register › MagnoFX
AC-500173
MagnoFX
⚠ Flagged on the register · High risk
We checked MagnoFX against the AskCheck register. It has been reported (2026) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
⚑ Unregulated / unlicensed
Named in relation to FCA (UK)
What we found
MagnoFX’s website provides no regulatory disclosures, only claims that it was registered in United Kingdom. We searched the official register of the FCA using all available details, but found no record of MagnoFX or any associated company. This absence of basic corporate and regulatory information strongly suggests that MagnoFX operates without authorization. Therefore, MagnoFX 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 MagnoFX.
- 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.