RETINARXIV Brokers' DFSA Regulation Claim: Scam or Legit?
RETINARXIV Brokers claimed it had DFSA approval and linked users to what appeared to be the regulator's Public Register. The DFSA says the claim is false and the register page was cloned.
The DFSA says RETINARXIV Brokers is not and has never been authorised by the regulator, despite the entity claiming approval and linking to a cloned DFSA Public Register.
The DFSA says the claim is false.
What RETINARXIV claimed
According to the DFSA, RETINARXIV Brokers stated that it had obtained DFSA approval in 2019.
The entity also linked to a cloned version of the DFSA Public Register showing a supposed company called Retinarxiv Limited as authorised to provide investment and CFD services.
What the regulator says
The DFSA says RETINARXIV Brokers is not, and has never been, authorised by the regulator to provide financial services.
The regulator also says no company named RETINARXIV has been registered in the Dubai International Financial Centre.
That makes the regulatory claim fail at both levels: the supposed authorisation and the claimed DIFC entity.
The cloned register is the important part
A link that looks like a regulator search result can feel more convincing than a badge or licence image on a broker's own website.
But the DFSA has separately warned that scammers clone its Public Register, sometimes reproducing the design closely and even linking parts of the fake page back to the real DFSA website.
The regulator's guidance is simple: access the Public Register through the DFSA's own dfsa.ae domain rather than following a verification link supplied by the firm being checked.
How Arabian Current would verify it
Do not start from the broker's licence link.
Navigate independently to the DFSA website and open the Public Register from there. Search the firm name and check the exact legal entity, reference number and authorised activities.
A cloned register page can make an invented licence look real, so the domain itself is part of the verification.
What Arabian Current is watching
Watch for new broker websites using cloned regulatory databases, fake reference numbers and genuine regulator links mixed into fraudulent pages to increase credibility.
A user might treat a regulator-style search result as strong proof that a broker is licensed.
The DFSA has confirmed that RETINARXIV used a cloned Public Register page to support a false regulatory claim.
Verification increasingly requires checking not only the licence record but also whether the regulator page itself is genuine.
What supports this verdict.
Checks and evidence stay linked to the review date.
The verdict is based directly on the DFSA's July 22 alert. A separate DFSA warning explains how cloned Public Register pages operate and how users should access the legitimate register.
The operating entity and marketed identity are checked as separate records.
Licence and regulator claims are assessed against the evidence available at the checked date.
Claims that could materially change the verdict remain visible rather than disappearing into the conclusion.
Commercial relationships, sponsorships and advertising cannot purchase or alter a Scam or Legit? verdict. The conclusion follows the evidence record.
Open the evidence record.
3 linked sourcesSupport + limitations recorded.
01Core evidenceFalse claims by RETINARXIV Brokers that it is regulated by the DFSA
Dubai Financial Services Authority
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False claims by RETINARXIV Brokers that it is regulated by the DFSA
Dubai Financial Services Authority
Confirms that RETINARXIV Brokers is not and has never been authorised by the DFSA, that no RETINARXIV company is registered in DIFC and that a cloned DFSA Public Register was used to support the false claim.
Does not disclose victim numbers, financial losses or the identities of the people operating the entity.
02Supporting evidenceDFSA cautions - DFSA's Public Register cloned
Dubai Financial Services Authority
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DFSA cautions - DFSA's Public Register cloned
Dubai Financial Services Authority
Explains how fraudulent sites clone the DFSA Public Register and advises users to access the legitimate register directly through the dfsa.ae domain.
Describes the broader cloned-register scam pattern rather than only the RETINARXIV case.
03ContextDFSA Public Register - Individuals
Dubai Financial Services Authority
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DFSA Public Register - Individuals
Dubai Financial Services Authority
Demonstrates the legitimate DFSA Public Register environment users should access directly when checking regulatory claims.
The individuals register does not itself establish RETINARXIV's regulatory status; that conclusion comes from the specific DFSA alert.
Verdicts can change.
Track new cloned regulator domains, fake DFSA reference numbers and brokers mixing legitimate regulator links into fraudulent verification pages.
Reporting with a visible evidence trail.
Arabian Current reporting is built around human editorial authority, source-linked claims and visible evidence trails.