GraceX claims to be regulated by GRACEXFX Ltd, which reportedly holds a licence issued by the Anjouan Offshore Finance Authority (AOFA) in Comoros. However, AOFA is an offshore regulatory body that is known for its weak oversight and lack of international recognition. The jurisdiction offers limited investor protection, and its regulatory framework is generally considered to be unreliable by global financial standards. Although we were able to confirm the existence of GRACEXFX Ltd within the AOFA registry, the AOFA does not list or verify the official domain(s) associated with the licensed entity. This absence of domain registration makes it difficult to confirm whether this platform is genuinely authorised under this licence. Therefore, GraceX appears to be high-risky and a scam broker.