Regina Forex Review

About Regina Forex

Regina Forex Limited is not authorised as a forex broker by any recognised financial regulator. The firm is not registered with the Investment Industry Regulatory Organization of Canada (IIROC), which is the only Canadian authority empowered to license FX brokers, and its supposed Money Services Business registration number M21068549 is issued by FINTRAC—a transaction reporting entity that does not grant trading licences (). The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) issued an alert dated March 31, 2022, warning that Regina Forex Limited claims a physical office in Regina, Saskatchewan that does not exist and cautioned investors not to send money to unregistered companies ().

No valid trading conditions (such as account types, minimum deposits, spreads, leverage, base currencies, platforms, or swap-free options) are confirmed through official sources. The broker lacks regulation, does not segregate client funds, and does not offer investor protections (). WikiFX lists Regina Forex Limited as operating in Canada without valid forex licenses and assigns it a low safety score of 1.50, highlighting its high-risk nature ().

Pros and cons

Cons

• Operates without valid forex trading licences and falsely claims MSB registration implies broker authorisation.
• FCAA issued a warning that the claimed physical office address is non-existent.
• No evidence of segregated accounts, investor protection, or legitimate trading infrastructure.
• Flagged by multiple independent assessments as high risk or scam.