Exposing Supreme FX: Profits Confiscated, Only Principal Refunded—Allegations Unsubstantiated

Profits Removed Without Cause, Only Principal Refunded

BrokersView recently received a complaint against Supreme FX, in which a trader alleged that after executing several profitable trades, the broker removed over USD 7,000 in profits and refunded only around USD 1,100 of the original deposit.

Supreme FX reportedly justified the profit confiscation by citing “fraudulent activity,” “scalping under 120 seconds,” and “internal transfers.” However, the broker provided no evidence or signed contractual basis to support these claims. It also referred to so-called “extra terms” that were never disclosed or agreed upon at account opening. Furthermore, the broker allegedly threatened to report the trader to the Seychelles Financial Services Authority (FSA) for “manipulative trading.”

The complainant has since filed formal reports with PayPal and the Seychelles FSA, submitting screenshots, email correspondence, and trading terms as evidence. The case remains under review.

Offshore License, Limited Protection

BrokersView’s earlier verification found that Supreme FX operates under two entities:

• Supreme FX LLC, incorporated in Saint Vincent and the Grenadines (SVG) as an International Business Company (IBC) — this registration provides no license for forex or investment services.

• Sun Capital Markets Ltd, licensed by the Financial Services Authority (FSA) of Seychelles under License No. SD145. The license details were verified, and the registered domain matches the firm’s platform.

However, the Seychelles FSA is an offshore regulator, offering limited investor protection and lighter oversight. Supreme FX also claims to maintain a representative office in Dubai under the Dubai Economic Department (DED), but DED is not a financial regulator. Checks with the Securities and Commodities Authority (SCA) and the Dubai Financial Services Authority (DFSA) found no authorization for Supreme FX to conduct financial or investment services in the UAE.

While the broker does hold an offshore license, its overall regulatory safeguards remain weak, and investors should exercise caution.

Beware of Offshore Brokers Using “Rule Violations” to Deny Profits

This case reflects a troubling trend among offshore brokers — withholding client profits under vague or undisclosed trading rules and relying on minimal regulatory supervision.

Investors are strongly advised to verify any broker’s license with reputable regulators such as the UK FCA, ASIC, or CySEC, and remain cautious when dealing with brokers regulated only in offshore jurisdictions.

If you have faced similar issues, you can submit a case through the BrokersView Complaint Center. Our team will assist in forwarding the complaint and following up with the broker.