Scam Brokers

Score

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/10

LOANFX

New Zealand | 5-10 years |

Scam Brokers | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Website

Open Account Now Time Machine

Rating Index

Contact

Forex License

No forex trading license found. Please be aware of the risks.

Company Profile

Scam Brokers

5-10 years

Questionable Regulatory License

Suspicious Operational Region

High Potential Risk

This platform is a Ponzi Scheme. Please stay away!

2026-04-18

This broker has been verified as unauthorized. All of its previous licenses have expired, and it has been placed on WikiFX's Scam Brokers list. Please be aware of the high risk.

Basic Information

Registered Region

New Zealand

Operating Period

5-10 years

Company Name

The Loan Company Ltd

Abbreviation

LOANFX

Employees

Support@loanfxasia.com

Company Website

LOANFX’s Office is in the University of Auckland

The investigators, based on the result of the field trip, confirmed that LOANFX’s real address failed to match with the one in its regulatory information. Its financial service provider license(license number: 162824) issued by Financial Service Providers Register has been canceled.

Danger

New Zealand

LOANFX’s Office is in the University of Auckland

Danger

New Zealand

Verified Site

About Us

Wiki Q&A

Comment

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Details

Official Website

Verified Site

loanfxasia.com
113.10.180.138
Server Location
Hong Kong
ICP Registration No.
--
Top Visitor Locations
--
Creation Date
0001-01-01
Website Name
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC

Review summary

LOANFX, operating as The Loan Company Ltd, is a financial entity registered in New Zealand with an operational history between 5 to 10 years. According to WikiFX data, the broker maintains an extremely low overall score of 1.61 out of 10. A critical examination reveals that LOANFX holds no valid, verified regulatory licenses authorizing it to operate as a forex trading broker. The entity possesses an unverified asset management registration with the New Zealand Financial Service Providers Register (FSPR), which does not constitute a forex trading license and provides no meaningful investor protection for trading activities. Public exposure highlights significant issues regarding fund withdrawal difficulties and platform access problems. The combination of an unregulated status, a severely deficient operational score, and multiple user complaints regarding financial transactions presents a highly concerning profile for potential clients. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-11)

Company Profile

Scam Brokers
5-10 years
Questionable Regulatory License
Suspicious Operational Region
High Potential Risk

Wiki Q&A

Is LOANFX safe and reliable?

No. According to WikiFX data, LOANFX holds an extremely low overall score of 1.61 out of 10. The broker lacks any valid regulatory oversight for forex trading, which is a foundational pillar for client safety. Public exposure records highlight significant issues with fund withdrawals and platform access. This combination of an unregulated status, a critically low score, and user-reported transactional problems results in a high-risk profile.

In a week

United States

Is LOANFX regulated?

LOANFX is not regulated as a forex or CFD broker by any recognized financial authority. The entity, The Loan Company Ltd, is registered in New Zealand and holds an unverified 'Asset Management License (AM)' with the Financial Service Providers Register (FSPR). This registration is not a license to offer leveraged trading services and provides no investor protection for trading activities.

In a week

United States

What is the minimum deposit of LOANFX?

The specific minimum deposit requirement for LOANFX trading accounts is not publicly disclosed on its primary channels. Prospective clients should verify this information directly with the broker's customer service, though exercising extreme caution is advised given its overall risk profile.

In a week

United States

Does LOANFX support MT4 or MT5?

Information regarding the specific trading platforms supported by LOANFX, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), is not currently available in its public profile. The platform's software index is not scored, indicating a lack of verifiable data on this critical operational component.

In a week

United States