Silver FX

After reviewing Silver FX, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is Silver FX?

On the surface, Silver FX looks like an ordinary forex and crypto broker. Its public site is presented at https://silver-fx.com. But surface impressions are exactly what these operations rely on — the substance behind Silver FX is where the problems begin.

Is Silver FX regulated?

Silver FX 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

• No credible physical address or verifiable corporate record
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• Opaque or anonymous corporate ownership
• Offshore or shell-company registration used to avoid oversight
• No verifiable licence from a recognised financial regulator

Our analysis

On July 15, 2025, the Netherlands Authority For the Financial Markets (AFM) issued a warning against Silver FX, believing this company might be providing financial services or products without proper authorization. https://www.afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/boilerroom/silver

Can you recover money lost to Silver FX?

If you have deposited with Silver FX, 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.