We published a warning against the 7XFX broker scam in October 2021 which accepts deposits from its clients (victims) in Bitcoins only. The UK Financial Conduct Authority (FCA) also issued a warning against the 7XFX (www.7xfx.com) broker scam. Unfortunately, despite the warnings, the broker scam is still online and attacking consumers. The notorious Israeli white-label broker platform PandaTS powers the scam! We strongly advise all people to stay away from 7XFX and protect themselves from losses.
Key data
| Trading name | 7XFX |
| Domain | https://7xfx.com |
| Domain registrar | GoDaddy |
| Legal entity | not disclosed |
| Jurisdiction | St. Vincent & The Grenadines |
| Platform | PandaTS |
| Payment options | Bitcoin (BTC) |
| Support data | +44208097322, +442080974493, +61272515861 |
| Warnings | FCA |
The scam narrative
The 7XFX website claims that a company – no name is provided – registered in St. Vincent & The Grenadines would operate the scam. No details are provided. Allegedly, it would the SVGFSA would regulate it. Bullshit altogether. Our analysis has shown that 7XFX is a clone of the InvestXE scam, another white label scam on the PandaTS platform. Would you please read our reports on InvestXE here?
On Trustpilot, 7XFX has a 2.8-star rating with an “Average” trust level out of 46 reviews. However, it is clear that the 4 and 5-star ratings are fake. Besides that, there are numerous 1-star scam reviews. In any case, you should stay far away.
