Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo financial licence in any jurisdiction while taking client deposits; Anguilla does not regulate forex. No recognised-register protection at all.
Identity & transparency
4/10 · ModerateLegal entity, Anguilla registration number, registered agent and address are disclosed and match the registry, but it is an offshore shell with real operations in Serbia and undisclosed ownership.
Withdrawals & conduct
3/10 · LowNo fund-integrity complaints found on any platform, but with no regulation there is no recourse and no confirmation that withdrawals work.
Reputation
5/10 · ModerateNo Trustpilot page and no specific user reviews, positive or negative; algorithmic trust scores are rock-bottom. A near-absent footprint for an operation trading on a 2007 date.
Website claims
5/10 · ModerateHonest about being unregulated, but leans on a 2007 origin while the operating entity dates to 2023, and markets 1:1000 leverage and ECN claims that cannot be verified.
Operational history
6/10 · HighTrack record governed by the younger leg: the operating entity was registered in Anguilla in November 2023, so the operation is under three years old despite the aged domain.
Who they are
A quick desk file on the company behind the brand.
- Brand: Free Forex (FreeForex)
- Legal entity: FreeFX LLC
- Registered: No. 9 Cassius Webster Building, Grace Complex, PO Box 1330, The Valley, AI-2640, Anguilla (Anguilla Commercial Registry status: Active)
- Operations address: Kosmajska 6, Valjevo, Serbia
- Website: https://www.freefx.com
- Only licence: None. No forex or financial licence in any jurisdiction.
- Offers: Forex, spot metals and oil on MetaTrader 4; leverage up to 1:1000; no minimum deposit
- Not accepted: FATF-restricted countries, per its own terms
- Age claim: associated with 2007 (the domain year); the operating entity was registered in Anguilla in November 2023
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Anguilla Commercial Registry
Why we reached this verdict
How the evidence adds up.
We rate FreeForex high risk and unverified. We did not find proof of theft, but we also cannot find the basics that would make it safe.
- No regulation at all. The broker itself states it holds no licence, and independent reviews confirm it is absent from every recognised register. Anguilla incorporation is a company filing, not financial supervision.
- The operating entity is young. The Anguilla Commercial Registry shows FreeFX LLC was continued into Anguilla on 08 November 2023, with annual returns filed only for 2024 and 2025. The company that takes client money is under three years old.
- The age story does not add up. The domain dates to 2007 and has appeared online on and off, but the current operating company does not stretch back that far. The younger side is what protects a client, and here it is short.
- No community trace. There is no Trustpilot page for the domain and no specific customer reviews, positive or negative, anywhere we looked. For an operation trading on a 2007 date, that thin footprint is itself a concern.
- Wide solicitation, no cover. The site draws traffic from Italy and Latin America and lists a Mexican phone number, while offering none of the protection a licensed broker must provide.
Because the operating entity is under three years old, we publish a figure of at least 65 percent. The evidence-based score was lower, near 55 percent. The uplift reflects a young, trace-less profile, not misconduct we proved.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The domain freefx.com was registered on 12 June 2007, per authoritative registry records, giving a long-standing web presence.
ModerateVerisign RDAPE2The Anguilla Commercial Registry shows FreeFX LLC (Reg. A000001472) continued into Anguilla on 08 November 2023, status Active, with a Certificate of Continuance and annual returns for 2024 and 2025. The operating entity is under three years old.
E3The broker states it is unregulated, and independent profiles confirm no licence in any recognised register (FCA, CySEC, ASIC, NFA). Anguilla does not license forex firms, so there is no financial supervision.
E4A sweep of regulator warning lists (FCA, IOSCO, CFTC, ASIC) returned no entry naming freefx.com or FreeFX LLC as of August 2026. Absence of a warning is not clearance, only a recorded sweep.
WeakRegulator warning-list searchE5Trustpilot has no review page for freefx.com (404), and no specific customer reviews or complaints were found on any platform. A near-absent community footprint for an operation linked to a 2007 domain.
ModerateTrustpilotE6The broker offers MetaTrader 4 trading with a real trading server, indicating a functioning platform rather than a bare landing page.
E7Traffic and marketing signals point to Italy and Latin America and a Mexican phone number, with operations in Serbia, while the firm holds no licence in any of those markets. This is solicitation outside any authorised scope.
E8The domain has archive snapshots back to 2009 but with coverage gaps and error responses around 2016 to 2017, so the online history is not continuous. Combined with a 2023 operating entity, the implied long track record is not supported.
ModerateWeb archive snapshot indexE9An algorithmic trust checker reports a very low score and flags high-risk financial and crypto services for freefx.com. This is a lead only, not proof.
WeakScamAdviser
The other side
The strongest case in this broker’s favour.
In fairness, several points cut the other way.
- The freefx.com domain genuinely dates to 2007 and has appeared online across many years, so this is not a fresh throwaway website.
- FreeFX LLC is a real, active company on the Anguilla register, with a licensed registered agent (Fortgate Corporate Services) and annual returns filed for 2024 and 2025.
- It runs a real MetaTrader 4 trading platform, not just a signup landing page.
- We found no confirmed reports of stolen funds, refused withdrawals or advance-fee demands. The problem is missing protection and a short verified track record, not proven fraud.
What would change this
What we would need to see to revise the verdict.
Any of the following would move our view.
- A genuine licence from a recognised regulator (for example FCA, ASIC or CySEC) that verifies on that regulator's own register in the FreeFX name and domain. That would push the rating toward legitimate.
- Evidence the current operating entity has run continuously and paid clients for several years.
- A body of independent, specific customer reviews confirming that deposits and withdrawals actually work.
- A regulator warning naming freefx.com would push the rating toward likely scam.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Anguilla Commercial Registry (search FreeFX LLC or A000001472)
Confirms the company exists and was registered in November 2023; not a financial licence.
FreeForex official website
The broker's own site, where it states it is unregulated.
Independent broker profile (GlobeGain)
Third-party summary confirming the broker is unregulated.
Frequently asked questions
Quick answers about this broker’s safety.
Is FreeForex a scam?
We did not find proof of theft, but we cannot confirm it is safe either. It is unregulated, the operating company is under three years old, and there is no visible record of paid-out clients. We rate it high risk and unverified. Treat it with great caution.
Is FreeForex regulated?
No. FreeForex holds no financial or forex licence in any jurisdiction. It is incorporated in Anguilla, but Anguilla does not license or supervise forex brokers, so that filing gives clients no protection.
Can I withdraw my money from FreeForex?
We found no specific customer reports either confirming or denying withdrawals. Because the broker is unregulated, there is no regulator or ombudsman to force a payout if it refuses. That is the core risk.
Is my money safe with FreeForex?
There is no compensation scheme, no guaranteed segregation of client funds and no ombudsman. If the firm fails or refuses to pay, it is unlikely you could recover your money through official channels.
Who owns FreeForex?
The operating entity is FreeFX LLC, registered in Anguilla, with a business address in Valjevo, Serbia. The beneficial owners are not publicly disclosed; the registered agent is Fortgate Corporate Services (Anguilla) Ltd.
How old is FreeForex?
The freefx.com domain dates to 2007, but the operating company FreeFX LLC was only registered in Anguilla in November 2023. The business that actually holds client money is under three years old.
What is an Anguilla registration worth for a forex broker?
Very little for your protection. It is a company incorporation, not a trading licence. Anguilla does not regulate forex, so being registered there does not mean anyone supervises how the broker handles your funds.
Is FreeForex a clone of another broker?
No. It uses its own domain (freefx.com) and its own legal entity. We found no evidence it is impersonating another regulated firm.
Why are there almost no reviews of FreeForex?
We could not find a Trustpilot page or specific customer reviews for the domain on any major platform. For a broker linked to a 2007 domain, this thin footprint is unusual and means there is no track record to rely on.
What should I check before depositing with any broker?
Confirm the licence number on the regulator's own website, check the licence covers your country, read independent reviews for withdrawal problems, and never pay an extra fee to unlock your own funds. FreeForex fails the first of these because it has no licence.
What do I do if I was scammed by FreeForex?
Stop sending money immediately, especially if asked for a fee or tax to release funds. Save all records, request a chargeback from your card provider if you paid by card, and report the case to your national financial regulator and police.
Does FreeForex accept clients from my country?
Its terms say it restricts service to countries on FATF lists, but it markets widely, drawing traffic from Italy and Latin America. Because it is unregulated, it operates outside the consumer rules that would normally apply in those markets.
What we recommend
The practical takeaway from everything above.
Treat FreeForex as an unregulated, unproven venue.
- Do not deposit money you cannot afford to lose. There is no compensation scheme and no ombudsman behind this broker.
- If you already have funds there, request a full withdrawal now and keep records of every message and transaction.
- If a withdrawal is refused, delayed indefinitely, or an extra payment (tax, fee or verification) is demanded before funds are released, stop paying and report it to your local financial regulator and police.
- Prefer a broker regulated by a top-tier authority you can confirm on the regulator's own website.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 19, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.