USAFX Online - Advisory Warning No. 7 of 2010 (2010-12-10)

Summary

This is a public advisory issued by the BVI Financial Services Commission warning that an entity called USAFX Online is not incorporated, registered or licensed in the British Virgin Islands, despite offering Forex investment opportunities online and claiming BVI registration and licensing.

• Entity named: USAFX Online, operating at www.usafxonline.com, which claims to be incorporated in Belize and registered and licensed in the BVI
• FSC finding: USAFX Online has never been incorporated, registered, or licensed by the Commission
• Legal basis: Issued under Section 4(1)(l) of the Financial Services Commission Act, 2001
• Public guidance: Members of the public are advised to exercise extreme caution in any dealings with USAFX Online and to report information on questionable entities to the Commission

The notice is informational and consumer-protection focused; it does not create ongoing compliance obligations for licensed or regulated entities in the BVI.