Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo trading licence in any jurisdiction while taking client deposits, plus warning-list entries from the UK FCA and the Bank of Russia naming the exact website, and an NFA registration claim with no record on the NFA register.
Identity & transparency
7/10 · HighThe legal entity, company number and registered address were real and correctly stated, but no owner or manager was ever named, the address is a registered-agent office, and the Chicago, London and Singapore offices the site implied were never evidenced.
Withdrawals & conduct
4/10 · ModerateNo authenticated fund-integrity pattern could be established, as the circulating complaint material traces to recovery operators and generated pages, but the client portal and website have been withdrawn, leaving anyone holding a balance with no route to it.
Reputation
7/10 · HighTwo national regulators list the website and independent review platforms rate it unregulated and high risk, while the genuine client footprint is almost non-existent for an operation marketed in fourteen languages.
Website claims
9/10 · CriticalClaimed NFA registration it never held and repeated it three weeks after the FCA warning, presented a FinCEN money services registration as authorisation to trade forex, and named a Canadian FINTRAC-registered company that does not appear in that registry.
Operational history
7/10 · HighOperating entity incorporated January 2024 on a 2009 web address with no continuity across a 2019 to 2024 gap, and the client-facing systems have already been shut down.
Who they are
A quick desk file on the company behind the brand.
- Brand: LXFX
- Legal entity: Link Global Markets LLC
- Registered: Saint Vincent and the Grenadines, company number 3402, incorporated 29 January 2024, registered agent Euro-Caribbean Trustees Ltd.
- Registered address: Euro House, Richmond Hill Road, Kingstown, Saint Vincent and the Grenadines
- Website: lxfx.com, which no longer serves a broker site
- Only registrations held: a Saint Vincent company registration and United States money services business registration 31000263785568, filed 2 February 2024. Neither is a forex licence.
- Trading licence: none, in any jurisdiction
- Offered: forex, stock CFDs, stock indices, gold and silver, commodities and cryptocurrency CFDs on a cTrader platform, leverage up to 1:200, minimum deposit around 300 US dollars
- Claimed offices: Chicago, London and Singapore contact numbers, with site versions in fourteen languages including Japanese, Korean, Arabic, Turkish and Chinese
- Named on: the FCA list of unauthorised firms and the Bank of Russia list of companies showing signs of illegal activity in the financial market
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.
Licences the broker publishes
National Futures Association (NFA)
Financial Crimes Enforcement Network (FinCEN)
Financial Services Authority, Saint Vincent and the Grenadines
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Why we reached this verdict
How the evidence adds up.
This verdict rests on two regulator records that name the website itself, and on four registration claims we checked one by one at the registers that would hold them.
- The FCA record is unambiguous. Its register entry for 'LX FX / lxfx.com' states that this is an unauthorised firm that may be providing financial services or products in the UK without permission, and that neither the Financial Ombudsman Service nor the Financial Services Compensation Scheme can help anyone who dealt with it. The entry lists the website as lxfx.com and records a London telephone number alongside Chicago and Singapore numbers, which is the solicitation the warning responds to.
- The Bank of Russia reached the same place independently, and earlier. Its entry records the name LXFX, the website lxfx.com, and the finding of signs of an illegal professional participant in the securities market, dated 11 December 2025.
- The NFA membership claim does not survive a check. The site told clients it was an NFA-CPO/CTA registered member, and in its final months stated plainly that it was also registered with the NFA. Searching the NFA's BASIC register by the legal entity, by the brand, and by the NFA number this same brand advertised in an earlier incarnation returns no record in any of the three cases. A firm that is genuinely registered appears there.
- The other three claims were registrations dressed as regulation. The Saint Vincent authority registers companies and does not license or supervise forex brokers, so being registered there says nothing about permission to trade. The United States money services business registration is real, but FinCEN states on its own register that it does not approve or endorse any registrant and that claims of approval may themselves be part of a scam. The Canadian claim rests on a company, Lever Technologies Ltd, that does not appear in FINTRAC's public registry at all, and a FINTRAC registration is an anti-money-laundering measure that authorises no trading in any case.
- The claims continued after the warning. The site was still telling visitors it was registered with the NFA in mid-March 2026, three weeks after the FCA published its notice.
- The track record was far shorter than the web address suggests. The company registry shows the operating entity was incorporated on 29 January 2024. The domain dates from 2009, but it carries no archive history between May 2019 and February 2024 and the content either side of that gap is unrelated, so the operation behind it is about two and a half years old. The oldest genuine leg governs, and here it is the company.
- The money has nowhere to go back to. lxfx.com answers only with a default server message, its certificate does not match the domain, the my.lxfx.com client portal has been withdrawn from the domain name system entirely, and the app endpoint returns nothing. Anyone still carrying a balance has no route to it.
We did not establish a verified pattern of individual victim reports. The complaint material circulating about this brand comes overwhelmingly from fund-recovery operators and automatically generated review pages, and the single review on the broker's own Trustpilot page itself advertises a recovery agent, so none of it meets the standard we apply before counting a complaint. The verdict does not need it: it rests on the two regulator records and the register checks above.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The FCA's register entry for LX FX / lxfx.com records it as an unauthorised firm that may be providing financial services or products in the UK without permission, lists the website as lxfx.com together with a London telephone number, and states that neither the Financial Ombudsman Service nor the Financial Services Compensation Scheme can assist. Added 26 February 2026.
E2The Bank of Russia's list of companies with identified signs of illegal activity in the financial market records the name LXFX, the website lxfx.com, and the finding of signs of an illegal professional participant in the securities market, dated 11 December 2025.
Hard proofBank of Russia warning list entryE3The NFA's BASIC register holds no record for the legal entity Link Global Markets, none for the brand LXFX, and none for NFA number 0510395 advertised by the same brand earlier, so the stated NFA membership does not exist. Searching Link Global returns only an unrelated Chicago firm that the register marks as not an NFA member.
E4FINTRAC's public money services business registry contains no entry for Lever Technologies Ltd, the Canadian company the site named as its FINTRAC-registered arm, and none for Link Global Markets, so the Canadian authorisation claim is unsupported.
E5The broker's own site presented a Saint Vincent company registration as regulatory compliance, described a FinCEN money services registration as authorisation for forex and cryptocurrency trading, claimed NFA-CPO/CTA membership and stated it was also registered with the NFA. This copy was still published in mid-March 2026, three weeks after the FCA warning.
E6The Saint Vincent and the Grenadines company register records Link Global Markets LLC as a limited liability company, number 3402, status Active, incorporated 29 January 2024, registered agent Euro-Caribbean Trustees Ltd. The entry was read from the register's own data service.
E7FinCEN's registrant search confirms Link Global Markets LLC holds money services business registration 31000263785568, received 2 February 2024, at Euro House, Richmond Hill Road, Kingstown. The same page states that FinCEN does not approve or endorse any registrant and that claims of approval may be part of a scam.
ModerateFinCEN MSB Registrant SearchE8Registration records for lxfx.com show the domain first registered on 26 March 2009 with its record last changed on 2 February 2024, the same date the company filed its United States money services registration, which places the handover to this operation in early 2024 rather than 2009.
E9Archive coverage of lxfx.com runs from 2001 to May 2019 and then stops until 27 February 2024, after which the LXFX broker site appears. The break in coverage and the change of content either side of it show the web address was dormant and then repurposed, so its age does not evidence a trading history.
E10lxfx.com no longer serves a broker site. It answers only with a default message that the webserver is functioning normally, its certificate does not match the domain, the inner pages return nothing, and the my.lxfx.com client portal has been removed from the domain name system, so clients have no way to reach an account.
E11The same web address carried an earlier Chinese-language LXFX broker site in 2018, operated by LX Markets Limited, which claimed New Zealand financial service provider registration 6250953 and authorisation by the NFA under number 0510395. The NFA register holds no record of that number either, so the same pattern of claiming a United States registration predates the current company.
E12The Trustpilot page for lxfx.com carries a single one-star review and none in the past twelve months, and the page notes the company has received regulatory attention. The one review itself advertises a fund-recovery operator, so it does not meet the standard for counting a complaint.
E13An independent broker review platform recorded the firm as unregulated and concluded on 4 March 2026 that it falsely claims registration with several agencies, noting that the Saint Vincent authority, FinCEN and FINTRAC have no power to regulate forex trading and that no matching NFA registration exists. It lists no user reviews.
ModerateBrokersView review of LX FX
The other side
The strongest case in this broker’s favour.
The case for taking a softer view, stated as fairly as we can put it.
- The company was real and honestly named. Link Global Markets LLC exists, is still recorded as Active on the Saint Vincent register, and the address the site published matches both that register and the company's United States filing. Many fraudulent sites name no entity at all, or name one that does not exist.
- One of the registrations it advertised is genuine. The money services business registration 31000263785568 is on FinCEN's own register in the company's own name, with a February 2024 date. The firm did go and obtain something real, even though what it obtained was not a trading licence.
- No regulator has brought an enforcement action. Both regulator records are warnings and listings, not findings of fraud by a court or an enforcement division, and neither alleges a specific theft. We found no court record naming this company.
- We verified no individual victim. No authenticated account of a refused withdrawal, with an amount and a date, survived scrutiny. The absence cuts both ways, but it means we are not relying on one.
- Offshore registration on its own is not fraud. Hundreds of real brokers operate from weak jurisdictions, and a Saint Vincent company with a thin regulatory footprint would be a high-risk broker rather than a scam if it had told the truth about its status.
What defeats all of this is the NFA claim. A firm may lawfully be unlicensed and say so. Telling clients it is registered with a top-tier United States regulator when no such registration exists is a false statement about the one thing a client uses to judge safety, and two national regulators independently reached the conclusion that this operation was soliciting without permission.
What would change this
What we would need to see to revise the verdict.
Specific, checkable things that would change this assessment.
- The NFA's BASIC register showing a current registration for Link Global Markets LLC, which would convert the central false claim into a true one.
- The FCA removing the 'LX FX / lxfx.com' entry from its register of unauthorised firms, or recording that the listing was made in error.
- The Bank of Russia removing LXFX from its list of companies showing signs of illegal activity in the financial market.
- A genuine trading licence appearing on any recognised regulator's register in the name of Link Global Markets LLC, with lxfx.com recorded as a permitted website.
- Evidence that the website and the client portal were restored and that clients who held balances were paid out in full, which would separate a compliance failure from a loss of client money.
- Documentary proof that Lever Technologies Ltd exists and is registered with FINTRAC, which would at least make the Canadian statement accurate, though it would still not amount to permission to trade.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FCA Financial Services Register: LX FX / lxfx.com, unauthorised firm
The UK regulator's own entry for this website, added 26 February 2026.
Bank of Russia list of companies with signs of illegal activity: LXFX
Names LXFX and the website lxfx.com, dated 11 December 2025.
NFA BASIC register search
Search the firm name Link Global Markets or LXFX. There is no record, which disproves the NFA claim.
Saint Vincent and the Grenadines FSA entity name search
Search Link Global Markets to see company 3402, incorporated 29 January 2024.
FinCEN money services business registrant search
Search registration number 31000263785568. FinCEN states a listing is not an approval or endorsement.
FINTRAC money services business registry (Canada)
Search Lever Technologies. The company named by the broker does not appear.
Frequently asked questions
Quick answers about this broker’s safety.
Is LXFX a scam?
Yes, in our assessment. LXFX accepted deposits for forex and CFD trading without a trading licence from any regulator, and told clients it was registered with the United States National Futures Association when no such registration exists. The UK FCA lists the website as an unauthorised firm and the Bank of Russia lists it for signs of illegal activity in the financial market.
Is LXFX a fraud?
We cannot state that as a legal fact, because no court or enforcement action has made that finding. What we can report is attributed: the FCA records LX FX / lxfx.com as an unauthorised firm that may be providing financial services in the UK without permission, and the Bank of Russia records signs of an illegal professional participant in the securities market. On that evidence we assess the risk of fraud as high.
Is LXFX regulated?
No. It holds no trading licence anywhere. It had a Saint Vincent company registration and a United States money services business registration, and neither of those permits running a brokerage. The Saint Vincent authority does not license or supervise forex brokers at all.
Can I withdraw my money from LXFX?
There is no working route to an account at the time of writing. The lxfx.com website serves only a default server message and the my.lxfx.com client portal no longer resolves. If you hold a balance, approach the bank or card issuer you paid from about a chargeback or payment recall rather than waiting for the platform to return.
Was my money ever safe with LXFX?
No. The site said client funds were held in segregated accounts at top-tier banks, but with no licensed entity and no supervisor there was nothing requiring or verifying that. There is no compensation scheme and no ombudsman, as the FCA entry states directly.
Who owns LXFX?
The brand was the business name of Link Global Markets LLC, a limited liability company registered in Saint Vincent and the Grenadines on 29 January 2024 under number 3402, with Euro-Caribbean Trustees Ltd as its registered agent. No owners, directors or managers were ever named publicly, which is itself a problem for anyone trying to hold someone accountable.
How old was LXFX?
About two and a half years as an operation. The company was incorporated in January 2024. The lxfx.com web address goes back to 2009, but it has no archive history between May 2019 and February 2024 and the earlier content is unrelated, so the age of the address does not reflect the age of the business.
Did LXFX really have a US licence?
No. It had a money services business registration with FinCEN, number 31000263785568, filed on 2 February 2024. FinCEN says on its own register that it does not approve or endorse any registered business and that claims of approval may be part of a scam. The separate claim of NFA registration returns no record at all on the NFA's BASIC register.
Is LXFX a clone of another broker?
No. The FCA lists it as an unauthorised firm rather than a clone, and we found no real regulated firm whose name, licence number or identity it was copying. The problem is not stolen credentials but invented ones.
What does the Saint Vincent registration actually mean?
Only that a company exists on paper. The Financial Services Authority there registers companies but does not license or supervise forex brokers, and such a registration is inexpensive and quick to obtain. A broker presenting it as compliance is misdescribing what it holds.
Why are there so few reviews of LXFX?
Its Trustpilot page carries a single review and none in the past year, and the main broker review platforms list no user reviews at all. For a site that ran in fourteen languages and advertised Chicago, London and Singapore numbers, that near-total absence of a client footprint is itself a warning sign rather than a reassurance.
I was scammed by LXFX. What should I do?
Contact the bank or card issuer you paid from immediately and ask about a chargeback or recall, citing the FCA listing. Report it to your national financial regulator, and to the FCA if you are in the UK. Keep all deposit records, statements and messages. Do not pay anyone who offers to recover your funds for an upfront fee, and never pay a tax or release fee to unlock your own money.
What should I check before depositing with any broker?
Search the regulator's own public register for the exact legal entity, and confirm the register records the same website you are about to use. Treat company registrations, money services business registrations and membership badges as what they are, because none of them is a trading licence.
What we recommend
The practical takeaway from everything above.
Treat this as an operation to stay away from, and act quickly if you have money with it.
- Do not deposit. There is no licence anywhere, the website is no longer operating, and there is no compensation scheme or ombudsman behind any of it.
- If you hold a balance, start a chargeback or bank recall now. Go to the card issuer or bank you paid from, cite the FCA listing of the website as an unauthorised firm, and ask about the time limits that apply to you.
- Report it where you live. UK residents should contact the FCA, which already lists the firm. Report to your own national regulator as well, since listings spread between them.
- Keep your records. Save deposit receipts, account statements, platform screenshots, and the names and messages of anyone who dealt with you. These are what a bank or regulator will ask for.
- Refuse any request for a further payment. No legitimate firm requires a tax, fee, insurance or verification payment before releasing your own funds.
- Ignore anyone offering to recover your money for an upfront fee. Much of the material published about this brand comes from recovery operators, and paying one is how people lose a second time.
- Check before you deposit anywhere next. Search the regulator's own register for the company name and confirm the website is the one recorded there.
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 October 13, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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