A United States federal court permanently banned Laino Group Limited, doing business as PaxForex, from trading, soliciting or registering in US commodity markets. The 30 June 2021 order also imposed $374,864 in monetary relief, and the ban remains in effect.
What the CFTC Case Found
The Commodity Futures Trading Commission accused the Saint Vincent and the Grenadines-based firm of accepting retail cryptocurrency and precious-metals transactions from March 2018 without registering as a futures commission merchant. The federal court entered the permanent injunction following the CFTC action.
PaxForex continues to operate for clients outside the United States. Independent monitoring classifies the firm as unregulated and notes that its website moved from paxforex.com to paxforex.org after earlier regulatory complaints.
International Clients Still Face the Underlying Risk
Traders have alleged that spreads widened by more than 50 pips during volatile periods and forced positions to close. Those reports are client allegations, not additional CFTC findings. For non-US clients, the court order does not provide direct compensation or local recourse; it is evidence to weigh when assessing the firm's conduct and oversight.
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A different domain does not reset the record
The permanent US ban applies to the operator, not merely an old website. International traders should treat the judgment as a material warning before depositing.
About PaxForex
PaxForex is an offshore forex, metals and cryptocurrency trading brand operated by Laino Group Limited from Saint Vincent and the Grenadines.
Frequently Asked Questions
Is PaxForex regulated?
Independent monitoring classifies PaxForex as unregulated. A US court permanently barred its operator from US commodity markets in 2021.
What did the CFTC accuse PaxForex of?
The CFTC alleged that PaxForex accepted retail commodity transactions from US customers without required registration.
Why did PaxForex change domains?
Independent monitoring says the firm moved to paxforex.org after earlier regulatory complaints. A domain move does not alter the court order.
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