Is TMFX a scam? Based on its regulatory footprint, withdrawal behaviour and corporate transparency, our verdict is clear — and concerning. Here is the full review.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is TMFX?
On the surface, TMFX looks like an ordinary forex and crypto broker. Its public site is presented at https://www.tmfxm.com/. But surface impressions are exactly what these operations rely on — the substance behind TMFX is where the problems begin.
Is TMFX regulated?
TMFX provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.
Red flags we identified
- Aggressive “account managers” coaching clients to deposit
- No verifiable licence from a recognised financial regulator
- Opaque or anonymous corporate ownership
- No credible physical address or verifiable corporate record
- Account dashboards that show “gains” with no real market exposure
Our analysis
TMFX claims its regulation by the US National Futures Association (NFA) under ID No. 0542137. We indeed found a matching result in NFA's registry, however, TMFX is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Apparently, TMFX doesn't satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.
Can you recover money lost to TMFX?
If you have deposited with TMFX, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by TMFX?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.