BrokersView has reviewed that Discovery FX is an unregulated forex broker Discovery FX claims to be registered with Money Services Businesses (MSBs) ID.31000159574899 issued by the United States FinCEN. However, FinCEN does not regulate forex markets nor does it issue licenses for brokers engaging in such activities. So FinCEN-registered broker is not a regulated broker in the US. Besides, the US regulatory framework is deemed as one of the world's strictest. A US-licensed forex broker should be approved by the US Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC). However, we didn't find any result matching this broker from the registers of NFA and CFTC. So Discovery FX is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Why did I fail to open an account with Discovery Fx? Dear Investor, Discovery FX is an unsafe trading platform. Our investigation found that the Discovery FX website displays no regulatory information or license certificates. It currently claims to be based in Hong Kong; however, a search of the Securities and Futures Commission (SFC) registry reveals no records for any entity named Discovery FX or Discovery Forex Limited. Please be aware that even if the company has completed a standard business registration in Hong Kong, conducting brokerage or forex trading activities without a license from the SFC is illegal and non-compliant. Operating without such authorization leaves investors with no regulatory protection in the event of disputes or financial loss. Therefore, to ensure the safety of your funds, we strongly advise you to stop the account opening process immediately and avoid engaging in any transactions with this platform. View Source

Help! I have not been able to make a withdrawal that I applied for more than 2 months ago. I have not yet been able to withdraw 72,000 yen of my profits, which I applied for withdrawal on November 13th, more than two months ago.Originally, this company seems to have a habit of delaying withdrawals, and it was initially reported that it would take 5 business days for the money to arrive, but it gradually increased to 10 business days, then 30 business days (it is abnormal in itself that it takes 30 business days). I went. Until now, I have been able to withdraw money, albeit with a delay, but it has already been 30 business days since I withdrew money in November, and I have contacted them many times. The response I receive is always a boilerplate message that says, "I'm checking with the department in charge." View Source