Radar / Broker / trading platform
BlockchainFX
Broker / trading platform Unclear (Anjouan/Comoros licence; Singapore and Costa Rica claimed) blockchainfx.com ↗
Reviewed 2026-10-28
Our verdict
High risk
We found serious problems with this provider.
- The only authorisation found is an offshore Anjouan brokerage/clearing licence for BlockFX International, issued by AOFA. The Central Bank of the Comoros named AOFA as a …
- No public company register or filing identifying directors or owners was found. Reviews describe the team as anonymous, and the project claims a Costa Rica base while …
- No regulator warning, fine or enforcement action naming BlockchainFX or BlockFX International was found. However, the Central Bank of the Comoros has officially …
What should I do?
- Do not send money, card details or ID documents.
- If you already paid: contact your bank or card issuer at once and ask for a chargeback.
- Report the provider to your financial regulator or the police.
Based on public sources at the date of review. Not a finding that the company acted unlawfully; the company can respond below.
Questions about BlockchainFX
Is BlockchainFX licensed?
Yes. Public registers list International Brokerage and Clearing House licence (offshore). Listed end date 10 Oct 2026 has passed; register still sh – Anjouan Offshore Finance Authority (AOFA), Comoros – issuing body disputed by Central Bank of the Comoros. The only authorisation found is an offshore Anjouan brokerage/clearing licence for BlockFX International, issued by AOFA. The Central Bank of the Comoros named AOFA as a 'fictitious structure' with no power to license financial institutions, and says licensing is its exclusive remit.
Has a regulator taken action against BlockchainFX?
No regulator warning, fine or enforcement action naming BlockchainFX or BlockFX International was found.
Who owns BlockchainFX?
No public company register or filing identifying directors or owners was found. Reviews describe the team as anonymous, and the project claims a Costa Rica base while Trustpilot lists Singapore. The Anjouan entity was incorporated on 10 Oct 2025 and the register shows no director data.
Is BlockchainFX safe to use?
RatEx42 rates BlockchainFX Red as of 2026-10-28: RatEx42 found serious concerns in public sources. The signal is an assessment of public information, not a finding of unlawful conduct and not advice. Always check the licence in the official register yourself.
Are there complaints about BlockchainFX?
Trustpilot reviewers allege the presale raised about $15.5m, that liquidity at token launch was minimal, and that the team cut Telegram communication. They also allege the app does not work in many countries and that the licence is invalid or expired.
Answers are generated from this profile (reviewed 2026-10-28). Sources are linked in “The full check” below.
About
BlockchainFX markets itself as a multi-asset "super app" for trading crypto, stocks, forex and ETFs, tied to the BFX token, which raised about $15 million in a presale. Its only identified authorisation is an International Brokerage and Clearing House licence (L16172/BFX) for "BlockFX International" from the Anjouan Offshore Finance Authority (AOFA). The register lists an end date of 10 Oct 2026, which has passed, while the page still shows Active; no renewal is publicly confirmed. The Central Bank of the Comoros named AOFA and Anjouan Corporate Services as "fictitious structures" in a June 2022 communiqué, republished in December 2025. The Comoros authorities said in October 2026 that the Anjouan licensing regime is illegal, according to the Guardian as reported by trade media. No authorisation from a major regulator was found. The team is described as anonymous in several reviews. Trustpilot reviewers allege a presale "rug pull", and the BFX token trades around $0.00045 against a listed high of about $6.40. The project disputes these allegations. No regulator warning naming BlockchainFX or BlockFX International itself was found.
Read more
BlockchainFX markets itself as a multi-asset "super app" for trading crypto, stocks, forex and ETFs, tied to the BFX token, which raised about $15 million in a presale. Its only identified authorisation is an International Brokerage and Clearing House licence (L16172/BFX) for "BlockFX International" from the Anjouan Offshore Finance Authority (AOFA). The register lists an end date of 10 Oct 2026, which has passed, while the page still shows Active; no renewal is publicly confirmed. The Central Bank of the Comoros named AOFA and Anjouan Corporate Services as "fictitious structures" in a June 2022 communiqué, republished in December 2025. The Comoros authorities said in October 2026 that the Anjouan licensing regime is illegal, according to the Guardian as reported by trade media. No authorisation from a major regulator was found. The team is described as anonymous in several reviews. Trustpilot reviewers allege a presale "rug pull", and the BFX token trades around $0.00045 against a listed high of about $6.40. The project disputes these allegations. No regulator warning naming BlockchainFX or BlockFX International itself was found.
The full check
🪪LicenceLicensing & registrationProblem
The only authorisation found is an offshore Anjouan brokerage/clearing licence for BlockFX International, issued by AOFA. The Central Bank of the Comoros named AOFA as a 'fictitious structure' with no power to license financial institutions, and says licensing is its exclusive remit. The listed end date of 10 Oct 2026 has passed, while the page still shows Active and no renewal is confirmed. A media report notes a licence-number mismatch between sources. No FCA, SEC, CySEC, MAS or similar authorisation was found for stocks, forex or crypto services.
- AOFA register page: BlockFX International, L16172/BFX, incorporated 10 Oct 2025, end date 10 Oct 2026, Active
- Registry checked 12 Oct 2026: end date passed, status still Active, renewal unconfirmed 2026-10-12
- Licence covers brokerage and clearing, not the token sale or staking; notes the Central Bank of the Comoros position on AOFA 2026-10-05
- Reports a licence number and name mismatch across sources
- Central Bank of the Comoros June 2022 communiqué on fictitious structures including AOFA, republished Dec 2025
- Central Bank of the Comoros page on illegal offshore entities claiming licences from Anjouan and Mohéli
👥Who owns itOwnership & controlCaution
No public company register or filing identifying directors or owners was found. Reviews describe the team as anonymous, and the project claims a Costa Rica base while Trustpilot lists Singapore. The Anjouan entity was incorporated on 10 Oct 2025 and the register shows no director data. The AOFA is reported to be run via Anjouan Corporate Services, linked in media reports to UK-based individuals.
🏦Where your money goesBanking & payment chainNot checked yet
Not yet assessed.
⚖️Regulator actionsRegulatory actionsCaution
No regulator warning, fine or enforcement action naming BlockchainFX or BlockFX International was found. However, the Central Bank of the Comoros has officially described its licence issuer (AOFA) and Anjouan Corporate Services as fictitious structures, and in Oct 2026 the Comoros government was reported to be preparing judicial action against the Anjouan licensing regime. An FCA warning exists for a differently named entity (blockchainforexmarket.net), which is not attributed here.
- Reports a Central Bank spokesperson calling the regime illegal and preparing judicial action; AOFA named in June 2022 communiqué, republished Dec 2025 2026-10-19
- Summary of the Guardian investigation and the Central Bank notice naming AOFA
- Mentions the FCA warning on a similarly named entity (blockchainforexmarket.net), not BlockchainFX itself
📰News & reputationAdverse media & OSINTCaution
Much coverage is sponsored or press-release promotion. Other reports flag anonymous ownership, the absence of major-regulator authorisation, the disputed standing of the Anjouan licence, and a very large post-launch fall in the BFX token price. Trade media in Oct 2026 report BFX near $0.00045 with very thin liquidity, no confirmed major exchange listing and two wallets holding about 80% of supply.
- Sponsored partner content promoting the licence and presale
- Review flags anonymous team, regulated-service claims and token concentration
- BFX near $0.000474 on 21 Oct 2026; top two wallets hold about 79.6% of supply 2026-10-21
- BFX price listing versus all-time high
- Commentary questioning the Anjouan licence as a regulatory claim
- Sponsored partner content promoting BFX
- Review notes the gap between marketing and verifiable operational detail
💬Customer experienceCustomer conductCaution
Trustpilot reviewers allege the presale raised about $15.5m, that liquidity at token launch was minimal, and that the team cut Telegram communication. They also allege the app does not work in many countries and that the licence is invalid or expired. The project replies that its trading platform launched on 31 Jan 2026 and that it is a real project. These are unverified customer allegations, not findings by an authority.
- Multiple reviews allege a rug pull and lack of liquidity; company reply disputes this
- Reviews criticise the Anjouan licence; company reply points to the register and says platform v1 launched 31 Jan 2026
- Project post says scammers targeted holders during the launch and some lost funds; price figures not independently verified
How we rate: methodology.
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Licences & registrations
| Regulator / register | Type | Number | Status |
|---|---|---|---|
| Anjouan Offshore Finance Authority (AOFA), Comoros – issuing body disputed by Central Bank of the Comoros | International Brokerage and Clearing House licence (offshore). Listed end date 10 Oct 2026 has passed; register still sh | L16172/BFX | Active |
Version history
- 2026-10-28 Red signal Automated re-check: licensing: amber → red – Central Bank of the Comoros communiqué (15 Jun 2022, republished Dec 2025) names the issuer AOFA as a 'fictitious structure'; the only licence rests on that body, and its end date of 10 Oct 2026 has passed with no c
- 2026-10-28 Amber signal Automated profile created from public sources
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