Home / Reviews / Fxonet (fxonet.my) — Offshore Broker With an Expired Mwali License

Fxonet (fxonet.my) — Offshore Broker With an Expired Mwali License


📊 General Information

ParameterDetails
Websitehttps://www.fxonet.my
Company NameFxonet Ltd
Project TypeOffshore pseudo-broker offering CFD, Forex, and crypto trading
Domain Registration DateJune 24, 2025
Last UpdateJune 29, 2025
Expiration DateJune 24, 2026
Domain AgeLess than 4 months
RegistrarMYNIC (Malaysia)
Name Serversns-94.awsdns-11.com, ns-1303.awsdns-34.org, ns-838.awsdns-40.net, ns-1680.awsdns-18.co.uk
RegulationMwali (Comoros Islands) license BFX2024049 — expired on March 20 2025
Registered AddressP.B. 1257 Bonovo Road, Fomboni, Comoros KM
Minimum DepositNot specified (approx. $250)
Payment MethodsBank cards, cryptocurrencies
MarketsCryptocurrencies, Currencies, Stocks, Commodities, Indices
SSL CertificateBasic Cloudflare SSL
Site StatusActive

📌 Extended Information

  • Official website: https://www.fxonet.my
  • Business model: pseudo-broker offering access to cryptocurrency, currency, stock, commodity, and index markets.
  • Company: Fxonet Ltd registered in the offshore jurisdiction of Mwali (Moheli, Comoros Islands).
  • License number: BFX2024049 — confirmed by Mwali International Services Authority.
  • License validity: March 20 2024 – March 20 2025 (expired).
  • Declared regulator: Mwali International Services Authority (MISA), an offshore entity with minimal investor protection.
  • Client portal: https://www.fxonet.my/international/ru

🔍 WHOIS Data

Name: fxonet.my
Registry Domain ID: DO_a1d3fa7711abcaf61d1b53011fb602bb-MYNIC
Registered On: 2025-06-24T13:44:37Z
Updated On: 2025-06-29T13:45:17Z
Expires On: 2026-06-24T13:44:37Z
Status: client transfer prohibited
Name Servers:
  ns-94.awsdns-11.com
  ns-1303.awsdns-34.org
  ns-838.awsdns-40.net
  ns-1680.awsdns-18.co.uk

The fxonet.my domain was created on June 24 2025, updated on June 29 2025, and will expire on June 24 2026.
It uses Amazon AWS DNS servers — common for hosting, but in combination with offshore registration and an expired license this setup looks highly suspicious.
The domain’s age — under four months — matches the typical lifespan of short-term scam brokers.


🧾 Legal and Regulatory Information

The company claims:

“This website (www.fxonet.my) is operated by Fxonet Ltd, registered on the island of Mwali (Moheli)… licensed under BFX2024049.”
Source: https://www.fxonet.my/international/ru

The license listing on the official regulator’s page — Mwali Registrar — confirms Fxonet Ltd existed, but the license expired on March 20 2025.
Therefore, the company currently operates without valid authorization while still advertising itself as “regulated.”


💬 Reviews and Reports


🚨 Scam Indicators

  1. Offshore jurisdiction (Mwali) — one of the weakest regulatory frameworks globally.
  2. Expired license (BFX2024049) since March 2025.
  3. Hidden beneficial owners — no public records of directors or shareholders.
  4. Short domain age — less than four months.
  5. Multiple withdrawal complaints.
  6. No EU/UK registration or legal presence.
  7. AWS and Cloudflare used to mask servers and location.

⚖️ Conclusion

Fxonet (fxonet.my) is an offshore broker operating with an expired license and numerous complaints from defrauded investors.
Although it once held a registration in Comoros (Mwali), it no longer has any valid authorization and uses its expired license to appear legitimate.

💀 Verdict: Fxonet Ltd is a high-risk offshore pseudo-broker. Trading or investing through this company is not recommended.

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