Dear Investor,
SydneyFX was previously investigated by us and appears highly likely to be a fraudulent platform. While it claimed to be based in Cyprus, it never provided clear information about its regulatory licensing. Our checks with the official registry of Cyprus Securities and Exchange Commission(CySEC) confirm that the company is not authorized or listed as a regulated entity.
Operating without proper regulatory oversight significantly increases the risk of scams, and we consider SydneyFX to be illegal and highly deceptive. The fact that its website is now inaccessible further suggests the possibility that the operators have ceased operations and may have absconded with investors’ funds.
On April 8, 2025, the Financial Conduct Authority (FCA) issued a warning against SydneyFX, stating that the company may be providing financial services or products in the UK without proper authorization. This regulatory alert further confirms the fraudulent nature of its activities.
If you believe you have been defrauded, we strongly recommend reporting the incident to your local police and relevant financial authorities immediately. Gather all relevant evidence, including transaction records, chat logs, and screenshots.
Please also remain vigilant against recovery scams. Fraudsters often target victims by offering fake recovery services in exchange for upfront fees. Never pay anyone who promises to recover your lost funds, and always verify the legitimacy of any party offering assistance.
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