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fax ltd

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Can funds be deposited and traded on fax.trade? Is the platform legit?
elzabeth S
2025-05-07
ANSWER Dear Investor, We strongly advise against depositing funds or trading with FAX LTD, as it is an unregulated broker. FAX LTD fails to provide any reliable licensing information to verify its credibility. It is simply claim to be registered in Saint Lucia, an offshore jurisdiction known for lax regulations and inadequate investor protections. More concerningly, forex trading activities are not licensed in this jurisdiction, and it is merely classified as an International Business Company (IBC) registered in Saint Lucia, which does not equate to proper financial activities authorization. Given these findings, we believe this platform poses significant risks. To protect your investments and personal information, we strongly recommend avoiding it.
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Has any hear of this? FAX LTD
MAGDI Arafa
库克群岛
2025-04-24
ANSWER Dear Investor, We strongly advise against trading with FAX LTD due to its unregulated status. This broker fails to provide any credible licensing information to support its reliability claims. It is purportedly registered in St. Lucia, an offshore jurisdiction known for lax regulations and minimal investor protections. More concerningly, forex trading activities are not licensed in this jurisdiction, and the registration simply classifies FAX LTD as an International Business Company. Given these findings, we have strong reasons to suspect that FAX LTD operates as an unlicensed broker, posing substantial risks. To safeguard your investments and personal information, we urge you to steer clear of this company.
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