Tag: AdroFX

Attention: Black-Listed Offshore Broker PaxForex Continues To Solicit Clients Despite U.S. Ban!

Black Compliance tamir - July 14, 2023

PaxForex has been operating as an offshore broker for many years. In 2020, the U.S. regulator CFTC brought a lawsuit against St. Vincent & Tthe Grenadines registered operator, Laino Group Ltd. The FBI seized the domain www.paxforex.com. Since then, the offshore broker has been operating with the domain www.paxforex.org. The offshore entity has disappeared, but the website lists it as the operator. Stay far away.

Introducing Vanuatu-Broker AdroFX: Initial Review And Compliance Check!

Black Compliance tamir - July 13, 2023

As part of our systematic coverage and evaluation of offshore brokers, we also looked at AdroFX, a multi-asset broker registered in Vanuatu with the VFSC as a Financial Dealer. Like many other offshore brokers, AdroFX also addresses retail traders in the regulatory regimes of Europe, North America, and Asia without the required regulatory permission. Due to the lack of licenses and regulatory lapses, we have placed AdroFX on our Red Compliance List.

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