Forexpress
Forexpress' website states that the company is registered in Saint Lucia and lists a physical address in Seychelles. First, we confirmed the existence of Forexpress Limited in the Saint Lucia International Financial Centre (IFC) registry. However, it is critical to note that this registration only confers International Business Company (IBC) status. The IFC does not regulate or authorize entities to conduct forex trading services.
Secondly, we have reviewed the public records of the Financial Services Authority (FSA) in Seychelles. The entity behind Forexpress is not licensed or supervised by the Seychelles FSA, despite claiming a local presence.
Therefore, Forexpress operates without any regulation. It appears to be a scam.
Forexpress' website states that the company is registered in Saint Lucia and lists a physical address in Seychelles. First, we confirmed the existence of Forexpress Limited in the Saint Lucia International Financial Centre (IFC) registry. However, it is critical to note that this registration only confers International Business Company (IBC) status. The IFC does not regulate or authorize entities to conduct forex trading services. Secondly, we have reviewed the public records of the Financial Services Authority (FSA) in Seychelles. The entity behind Forexpress is not licensed or supervised by the Seychelles FSA, despite claiming a local presence. Therefore, Forexpress operates without any regulation. It appears to be a scam.
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