Review summary
Engel FX is a retail forex broker that has been operating for 5-10 years and is registered in the United Kingdom. According to WikiFX data, Engel FX holds a comprehensive WikiFX Score of 1.58, reflecting significant operational concerns. The broker's regulatory status is listed as 'Absconded', and a critical examination of its licensing reveals it holds no valid, authoritative forex trading licenses. An Australian Appointed Representative (AR) status linked to VZN CAPITAL GROUP PTY LTD is present in records but is marked as 'Unverified' by ASIC, providing no meaningful regulatory protection for client funds. Public exposure on the WikiFX platform highlights severe and persistent issues regarding fund withdrawal difficulties, with multiple users reporting an inability to access their capital. As an entity lacking credible financial oversight and exhibiting a pattern of unresolved client complaints, Engel FX presents a very high level of risk to potential investors. 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: 2026-04-15)
曹于川
Hong Kong
Unable to withdraw. Delay withdrawals again and again. But actually they already absconded. This is a flagrant extent
Exposure
笑对酒中影
Hong Kong
This scam is prearranged. Don't wait the withdrawals.
Exposure
Mr陈勇君
Hong Kong
It has been three months since August. I invested $20,000 with $12,500 of my friend. All the money is hard-earned money. The withdrawal didn’t arrive. The broker noticed that all the accounts of third-party payment were frozen. But this is just an excuse!!! I hope you can help me, I have the evidence of deposit.
Exposure
FX2214801301
Hong Kong
Fraud company. Keep delaying. It’s said the company was communicating with a Stock Exchange. But there is no news.
Exposure
皮小bin
Hong Kong
Can't withdraw since August 1. Still scam me.
Exposure
FX1150686442
Hong Kong
It has been a month and I can't withdraw.
Exposure
李蕾
Hong Kong
I can't withdraw since August 1. I wonder whether it absconded or not
Exposure
荣荣16972
Hong Kong
When you want to deposit first you should pay ￥7000 for finance part and it was said that the principal can be returned as Six times of interest. Yet it has been a year, I don’t receive the interest, even the principal. Engel FX is a fraud!
Exposure
花呀儿-
Hong Kong
Fraud platform. Unable to withdraw. There were fine words before, said I should wait until August. Now I’m still waiting.
Exposure
FX2799019895
Hong Kong
Unable to witdhraw. I will call the police until the last day. I can't just follow their words
Exposure
eee呃呃
Hong Kong
It was exposed two months ago. We can know that it escaped with money from the internet.
Exposure
李蕾
Hong Kong
The withdrawal is unavailable since August 1. I am also banned to write comment. Speechless.
Exposure
608
Hong Kong
I knew that fraud platforms always keep holding off. Engel FX always claims that it is docking with the third-party. I just want to take back my fund.
Exposure
12345678947881
Hong Kong
The third-party has been shut. My account is frozen. Manager Lai said that they are docking new third-party. He also claimed that we still can trade on MT4. How could we trade when the fund is frozen? It is simply a rip-off.
Exposure
FX2240655467
Hong Kong
The withdrawal applied on August 1 is yet to be received. What happened? It is still unavailable.
Exposure
李蕾
Hong Kong
The withdrawal applied on August 1 is yet to be received.
Exposure
站在火星看地球
Hong Kong
Stay away from this fraud which gives no access to withdrawal.
Exposure
三龙（巴黎）杨朝
Hong Kong
Engel FX gave no access to withdrawal on ground of third-party. I just want to take back my fund.
Exposure
FX2881846783
Hong Kong
I don’t know whether it is a fraud. The withdrawal is unavailable since last week. I am afraid that it has absconded.
Exposure
玉梅
Hong Kong
The withdrawal is unavailable. I don’t know whether it has absconded.
Exposure
A盛旸手机外配工厂直营店
Hong Kong
Engel FX claimed a system maintenance on July 25th. But the withdrawal applied on August 1st is yet to be received as of 10th.
Exposure
苗辉
Hong Kong
They claimed that their third-party financial company was frozen. Didn’t they have no backup channel under this kind of circumstances. I accept withdrawals to be settled in USDT or US dollars. I accepted all settlement channels as long as I can withdraw funds!
Exposure
汤姆克鲁
Hong Kong
My withdrawal request exceeded the time limit. I don’t know if they have absconded.
Exposure