ParoxFX does not disclose any regulatory information or trading licenses, but merely states that it is incorporated in Saint Vincent and the Grenadines and domiciled in Antigua and Barbuda. However, it is important to note that neither jurisdiction has a regulatory authority that oversees or licenses forex brokers, meaning incorporation in these locations does not equate to regulatory compliance. More alarmingly, our search of the official registry of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines found no record of the claimed entity, ParoxFX LLC. ParoxFX is in essence unlicensed by any regulator. Therefore, ParoxFX appears to be a scam.