Amillex Global’s Regulatory Fog: A Full Investigation from User Complaints and Rebuttal Comments to Licensing Controversies and Fake Awards

In October, BrokersView flagged Amillex Global as a suspicious broker and labeled it a scam. In the following weeks, the situation became more complex. User submissions, platform rebuttals, coordinated industry articles, disputes over regulatory numbers, and a sudden surge of new awards all contributed to what appears to be a deliberately crafted “compliance shell.” This article follows the timeline and highlights the key concerns.

(Comment by 'Amillex')

On November 7, a user claiming to represent “Amillex” posted a rebuttal on BrokersView’s report page, claiming Amillex is “actually regulated by ASIC, the information is wrong, and the platform offers low costs and a good user experience.” This response was not isolated. On November 10 and 11, multiple industry news sites published near-identical press-release-style articles titled “Offshore CFDs broker Amillex gains ASIC license.” They displayed an ASIC license number and described Amillex’s “regulatory upgrade” positively. The synchronized timing raised questions about authenticity and intent.

That same day, BrokersView received another user submission, including screenshots of Amillex’s registration and license details from a forex data site. The user also alleged the platform was using false regulatory materials, explicitly stating: “Paid!”

Nothing New Under the Sun: A Repeated Pattern of Fabricated Regulation

(Amillex's claim )

Amillex Global claims on its website that it is operated by Amillex Global Ltd and regulated by the Financial Services Commission (FSC) of Mauritius. However, a full search of the FSC’s official registry found no license or authorization for Amillex Global Ltd. This means the regulator has never verified or approved the company, and its claim of “Mauritius regulation” has no official basis.

(Financial Services Commission (FSC) of Mauritius)

Misleadingly, Amillex still displays an FSC license number on its website to boost credibility. In reality, there is no reliable way to verify an FSC license using a “GB” number alone. Standard practice is to contact FSC directly via email or phone. Amillex appears to exploit this verification gap to create the appearance of regulation, which alone warrants caution.

(SVG FSA Database)

Amillex also claims another entity, Amillex LLC, registered in Saint Vincent and the Grenadines (SVG). This entity does exist as an IBC in the SVG FSA database, but incorporation does not imply any financial or forex license. The SVG FSA has long stated it does not regulate forex or brokerage business. Presenting “registration” as “regulation” is therefore deliberately misleading.

Despite this, some forex information sites label Amillex as “dual-regulated,” which further misleads investors and echoes the user’s allegation of “paid placement.”

(Dual-regulated)

Fake Award Promotion: Multiple “2024 Awards” Appearing Out of Nowhere Within One Month 

(Unknown Award)

(Many Unknown Awards)

Aside from regulatory controversy, Amillex’s promotional content also contains many questionable elements. Based on BrokersView’s screenshots from October, the website at the time only showed one award from “NextGen Finance News,” called “Best Customer Service.” But within just one month, Amillex’s website suddenly added multiple new “2024 awards.”

These new awards share several features: all are labeled as 2024 awards, all have very similar visual styles, the names of the awarding organizations are unfamiliar, and there is no record of these awards or institutions anywhere online.

In fact, as early as the beginning of 2025, Amillex’s promotional methods were already questioned by others. At that time, some platforms pointed out that many of the team member photos appeared to be AI-generated. Although Amillex displayed photos of an exhibition supposedly held in Madrid, no media outlet ever reported on such an event, and the images showed signs of being artificially generated. These earlier incidents are highly consistent with the recent sudden appearance of multiple awards, further suggesting systematic fabrication in its promotional content.

Investigation Into the Rebuttal Comment: The Actual Restrictions Behind the ASIC License Number

Returning to the November 7 comment claiming “Amillex is regulated by ASIC,” BrokersView’s first reaction was that the comment likely came from Amillex itself or a related party. BrokersView began to investigate the ASIC license number. After verification, license number 559321 does exist, corresponding to AMILLEX GLOBAL PTY LTD, registered in Sydney, and it is indeed regulated by ASIC. This briefly created confusion: had Amillex actually transformed from an offshore platform into a properly regulated ASIC broker?

(Wholesale Only)

However, further checking revealed the key issue: since May 29, 2025, this ASIC license is only permitted to provide services to wholesale clients, not retail clients. This means the company cannot act as a platform providing trading services to retail users, nor is it the entity used by Amillex Global for its global retail business. Therefore, they neither dare nor are able to display this license on their website and clearly indicate that they cannot provide services to Australian clients.

(Unable Onboard Australian clients)

This also explains why those promotional articles did not mention the service-scope restrictions, and why Amillex would not update its website to show a “third regulatory license.” Once made public, it would mean admitting that they do not have the qualifications to provide financial services to retail clients. No matter how they previously completed KYB or verification, ASIC’s explicit restriction means that now that they actually have a license, they cannot blur this concept anymore.

When “Compliance” Becomes Packaging, Risk Becomes Ubiquitous

To sum up, from fabricated regulatory numbers and vague offshore registrations, to the sudden appearance of awards, AI-generated team images, and misleading statements about the ASIC license, all of Amillex’s behavior continues to accumulate serious credibility issues. Even though it has not yet been formally flagged by regulators, its behavior pattern already shows all the typical risk characteristics. BrokersView will continue to monitor and update reports related to Amillex to remind investors to stay alert.