Case files › ASIC warning list › Virex Wealth Management
Virex Wealth Management
Site claims ASIC regulation and an AFSL licence, yet ASIC's warning was listed on IOSCO's portal.
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Virex Wealth Management was listed on IOSCO's investor alerts portal on 20 July 2026 as a warning from the Australian Securities and Investments Commission. The site was still live after the warning and continues to present itself as licensed and regulated by ASIC. Its domain was registered 176 days before the warning.
By the numbers
Timeline
- Domain registered via NameCheap, Inc.
- ASIC warning listed on IOSCO's investor alerts portal
- Our monitoring begins; the site is online
- Still online at our last check
Red flags
- The website says it is regulated by the Australian Securities and Investments Commission (ASIC), the regulator that warned about it.
- It describes itself as licensed or regulated (“AFSL Licensed”) while it is on a warning list.
- Its domain was registered 176 days before the warning.
- It was still online at our last check, 100 days after the warning.
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What the site claimed
The site describes itself as "AFSL Licensed" and "ASIC Regulated", says it was founded in 1999, and says it has seven international offices across AU, CH, UK, US, SG and the UAE.
| Says it is regulated by | ASIC |
|---|---|
| Licence wording | “AFSL Licensed”; “ASIC Regulated” |
| Claims to exist | “EST. 1999”; “Founded in 1999” |
| Phone shown | +61 468 040 079 |
AFSL is an Australian financial services licence. ASIC lists every licence holder on its professional register.
What the regulator published
Australian Securities and Investments Commission (AU) listed Virex Wealth Management as a firm that is not authorised to offer financial services. IOSCO's investor alerts portal listed the warning on 20 July 2026. Website given by the regulator: https://virexgroup.com/.
A regulator puts a firm on its warning list when it offers financial services without the authorisation it needs there. Customers of a firm like this usually cannot use the protections that come with authorised firms, such as the ombudsman or a compensation scheme.
Check it yourself: ASIC warning list
Domain record
| Registered | 25 January 2026 |
|---|---|
| Registrar | NameCheap, Inc. |
| Expires | 25 January 2027 |
The domain virexgroup.com was registered on 25 January 2026 through NameCheap, Inc., 176 days before the warning.
If you sent money to this firm
- Call your bank or card provider today and tell them it was a scam. The sooner they know, the more they can do.
- Do not send any more money, including "fees" or "taxes" to release a withdrawal.
- Report it to the police where you live and to the Australian Securities and Investments Commission (ASIC), which issued the warning. In the UK the police route is Action Fraud (Police Scotland on 101 in Scotland), in Australia ReportCyber, and in Canada the Canadian Anti-Fraud Centre.
- Keep everything: payment receipts, chats, emails and screenshots.
- Be careful with "recovery" offers. Never pay anyone upfront to get your money back.
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Useful to have ready: payment dates and amounts, the bank or card you paid from, and any chats or emails with Virex Wealth Management (virexgroup.com).
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This page reports what a financial regulator published and what we observed. A warning means the regulator says the firm is not authorised; it is not a finding of guilt. Figures are from our own monitoring and public domain records on the dates shown.