BrokersView has found that Data FX appears to be a scam Data FX claims to operate under Data FX Inc., which is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While it is true that a company with this name appears in the SVG FSA registry, this registration only confers International Business Company (IBC) status and does not amount to a valid financial license. Notably, the SVG FSA has explicitly stated that it does not regulate or license foreign exchange brokers. Furthermore, Data FX appears to be unregulated by any recognized financial authority, as no licensing information is available on its website. Therefore, Data FX appears to be a scam.

Does anyone have experience with Data FX? Just want to make sure they're properly licensed. Dear Investor, Data FX is not a trustworthy broker, as it does not hold a valid financial license. Data FX claims to operate under Data FX Inc., which is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While it is true that a company with this name appears in the SVG FSA registry, this registration only confers International Business Company (IBC) status and does not amount to a valid financial license. Notably, the SVG FSA has explicitly stated that it does not regulate or license foreign exchange brokers. Furthermore, Data FX appears to be unregulated by any recognized financial authority, as no licensing information is available on its website. This lack of proper authorization is a significant warning sign of potential fraudulent activity. Therefore, we strongly advise you to avoid trading with Data FX to safeguard your funds. View Source