Reviews
Be the first to review.
Carax FX
Operating status: SCAM
Website: https://www.caraxfx.com/
Broker violations and abnormal records
On October 9, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Carax FX to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
On October 9, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Carax FX to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0Carax FX is a broker whose website lacks transparency and credibility. It does not disclose the company name, address, or phone number, and only provides an email for investors to contact. It also does not provide any legal documents.
The website displays the logos of the Italian Companies and Exchange Commission (CONSOB) and the Comisión Nacional del Mercado de Valores (CNMV), implying that it is regulated by these two agencies. However, this is not true. The CNMV has issued a warning that Carax FX is not authorized by them. While our search for it on CONSOB website has located a firm with a similar name "Carax", we have confirmed that it has no relation to Carax FX, nor does it operate a foreign exchange broker.
Moreover, the Carax FX website domain name ("caraxfx.com") was registered only in June 2023, and the registrant is based in Mumbai. This is inconsistent with its claim that it is in France and Spain.
In essence, Carax FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Carax FX is unequivocally a scam.
Carax FX is a broker whose website lacks transparency and credibility. It does not disclose the company name, address, or phone number, and only provides an email for investors to contact. It also does not provide any legal documents.The website displays the logos of the Italian Companies and Exchange Commission (CONSOB) and the Comisión Nacional del Mercado de Valores (CNMV), implying that it is regulated by these two agencies. However, this is not true. The CNMV has issued a warning that Carax FX is not authorized by them. While our search for it on CONSOB website has located a firm with a similar name "Carax", we have confirmed that it has no relation to Carax FX, nor does it operate a foreign exchange broker.Moreover, the Carax FX website domain name ("caraxfx.com") was registered only in June 2023, and the registrant is based in Mumbai. This is inconsistent with its claim that it is in France and Spain.In essence, Carax FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Carax FX is unequivocally a scam.BrokersView found that the domain "https://www.caraxfx.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://www.caraxfx.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
Copyright © 2026 Wiki Technology Limited
Risk Warning:
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
Disclaimer:
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.