Foya Financial Group Scam: Account Deleted After Withdrawal

Foya Financial Group is a platform operated in the name of an offshore company established in Saint Lucia, which says it offers forex and CFD trading on MetaTrader 5. A customer report shared in October 2026 describes a withdrawal request that was not honoured, after which the investor's account was deleted entirely. Closing the account is a known way of removing any objection to the balance.

🏝️ Company Registration and Contact Details

• Name: Foya Financial Group Limited (operating as "Foya Financial")
• Place of incorporation: Saint Lucia, company number 2025-00441
• Address: The Johnsons Centre, #2 Bella Rosa Road, Suite 2, Gros Islet, Saint Lucia
• Telephone / email: 1-758-468-4841 / [email protected]
• Domain: foyafinancial.com — registered on 8 June 2025, behind Cloudflare

The site has a multilingual interface, including Chinese, Arabic, Russian and Indonesian, and a live chat; although the firm is said to have a long history, the domain and the company registration date from 2025.

🚫 The Account Deleted After a Withdrawal Request

In the report, the investor describes the platform as a scheme that runs on the money of new participants, saying that the withdrawal request was refused and access to the account was removed altogether. When an MT5 account is deleted, the trading history and the balance record also go out of the investor's reach.

⚖️ The ASIC Claim and the SPK Position

The site claims to be an "authorised representative" (no. 001318509) of MGF Capital Pty Ltd in Australia; however, the legal entity providing the service is the Saint Lucia company, and this claim does not amount to permission to operate in Türkiye. Foya Financial Group is not authorised in Türkiye by the Capital Markets Board (SPK); it does not appear in the SPK list of authorised brokerage firms. The SPK decision No. 8/297 of 24 February 2017 classes the acquisition of customers in Türkiye by overseas leveraged trading entities without permission as unauthorised activity.

🔗 The Same Scheme at Offshore MT5 Brokers

We have previously reviewed other platforms that were set up in island jurisdictions, opened MT5 accounts and caused problems at withdrawal.

🧭 The Process for Foya Financial Victims

1. The jurisdiction clause in the account agreement with the Saint Lucia company and the validity of the arbitration clause in TürkiyeTR are examined.
2. To trace money that went abroad, the routes for getting money back are assessed.
3. The deletion of the account and the retention of the money are dealt with under the provisions on qualified fraudTR.

For detailed information and legal support, you can contact Savun Law & Consultancy.

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