SOFX‘s website (https://so-fx.net) claims that SO FX Limited would be the operator and regulated by the Cypriot CySEC. This is, of course, complete bullshit. SO FX Limited, registered in the UK, has been liquidating since November 2021. Potential victims can make deposits only in cryptocurrencies. SOFX uses Coinbase, where it is registered as a merchant with the name SOFX Investment. Stay far away and save yourself from losing your money. The UK FCA has issued a warning against SOFX.
Key data
| Trading name | SOFX |
| Domains | https://so-fx.com (old) https://so-fx.net https://so-fx.live |
| Social media | Instagram, YouTube |
| Legal entities | SO FX Limited SO FX Investment |
| Jurisdiction | United Kingdom |
| Related individuals | George Linfield Jack Kingsnorth Maximilian Strode-Gibbons |
| Payment processor | Coinbase |
| Warnings | FCA Aug 2020, FCA March 2022 |
The narrative
Back in August 2020, the FCA issued the first warning against SO FX Limited, which was active at that time with the domain https://so-fx.com. This website and Facebook page are offline; the company is being liquidated. The new website https.//so-fx.net uses the same logo and credentials as the old one. If the same people also run this new website, we don’t know at the moment.
Anyway, these “old” people are still active on Instagram as traders. For example, in their 2020 warning, the FCA pointed out the Instagram account of SO FX director George Linfield, where he presents himself with his purple Lamborghini and other expensive cars: https://www.instagram.com/georgelinf/. On his website https://www.georgelinf.com and via a WhatsApp channel, Linfield runs a Forex Kickstarter Program, recruiting trader newbies promising them millions by following his advice.
