Majesty FX Scam Warning: Offshore Registration, No Licence
Majesty FX (majestyfx.com) is a platform that opens accounts from 100 dollars under the image of an "institutional-grade forex and CFD broker", promising leverage of 1:500 and "same-day withdrawal". In schemes of this kind, the real process starts not on the website but with the "account specialist" who calls after registration.
🚩 How Do Platforms of This Kind Work?
- Registration and call: A person who fills in the form is called shortly afterwards by an "account specialist". The site also promises a "reply within 15 minutes" on its contact form. After the first contact, the conversation is moved to WhatsApp.
- Small start, large upgrade: It begins with a 100-dollar account, and quick profits are shown on the panel. A move to a 5,000-dollar VIP account is then requested on grounds of "lower spreads and a personal manager".
- Payment in crypto: Payment is made in USDT, BTC or ETH as "instant deposit". Tracing the money becomes harder than with a bank transfer.
- A new payment on withdrawal: When a withdrawal is requested, an advance payment condition such as a "verification fee", "tax" or "margin top-up" appears.
Details of this scheme: fake investment call centresTR and the transfer of money through cryptoTR.
🔍 Identified Details
- Domain: majestyfx.com, registered in October 2025 (the site says "founded in 2018").
- Companies: MajestyFX Ltd (Saint Lucia, IBC, 202500773) and Majesty Financial Services Ltd (St. Vincent, 26824 BC 2022). These are company registrations, not investment services licences.
- Contact: [email protected]; WhatsApp support.
- SPK authorisation: None.
🔗 Other Platforms Using the Same Method
We have previously covered similar platforms that present an offshore company registration as a licence and progress through account upgrades:
🧭 Legal Process for the Victim
Unauthorised activity is assessed under Article 109 of the Capital Markets Law, and the receipt of payments under Articles 157-158 of the Turkish Penal Code. The steps of the process are explained here: the path a victim follows, the criminal complaint process and asset investigationTR. For detailed information and legal support, you can contact Savun Law & Consultancy.
❓ Frequently Asked Questions
Is Majesty FX licensed?
No. The Saint Lucia and St. Vincent records are company incorporation documents; authorisation from the SPK is required to provide services in Türkiye.
I am asked to move to a VIP account. What does this mean?
In schemes of this kind, an account upgrade is a known way of enlarging the amount deposited. Sending more money does not make a withdrawal easier.
Can money I sent in crypto be recovered?
Tracing is harder than with a bank transfer but not impossible. Wallet addresses and transaction ID (TxID) records form the basis of the process.
A fee is demanded for withdrawal. Should I pay it?
Tying a withdrawal to a new payment is the stage at which the loss is enlarged. In practice, when such a demand arrives, the requested payment does not release the funds, and all records of the exchange are what the later legal process relies on.
This page is an English adaptation of our Turkish article Majesty FX Forex Dolandırıcılığı.
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