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TransX Markets

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Operating status: SCAM

Website: https://transxmarket.com

Broker violations and abnormal records
  • 2024-09-25 BrokersView has Reviewed that TransX Markets is an Unregulated Broker

    TransX Markets claims to be owned and operated by Trans X Market Limited, is a online broker authorised and incorporated by the Financial Services Registry of St.Lucia with registration number 2023-00543, which offers a range of investment products to traders, including Forex, Commodities, Stocks, Indices and more instruments for trading in global markets.

    Upon investigation, we found that Trans X Market Ltd is registered with the International Financial Centre (IFC) in Saint Lucia, an International Business Companies Registry that doesn't license forex trading brokerage activities. It is critical to note that this mere registration doesn't mean being licensed to carry on forex trading activities. The financial watchdog of St. Lucia, Financial Services Regulatory Authority (FSRA) has stated that forex trading activities are not licensed there. Without any other valid financial licenses, TransX Markets's financial services for forex trading are not legitimate.

    The truth is that TransX Markets is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.

    TransX Markets is a scam.

    TransX Markets claims to be owned and operated by Trans X Market Limited, is a online broker authorised and incorporated by the Financial Services Registry of St.Lucia with registration number 2023-00543, which offers a range of investment products to traders, including Forex, Commodities, Stocks, Indices and more instruments for trading in global markets.Upon investigation, we found that Trans X Market Ltd is registered with the International Financial Centre (IFC) in Saint Lucia, an International Business Companies Registry that doesn't license forex trading brokerage activities. It is critical to note that this mere registration doesn't mean being licensed to carry on forex trading activities. The financial watchdog of St. Lucia, Financial Services Regulatory Authority (FSRA) has stated that forex trading activities are not licensed there. Without any other valid financial licenses, TransX Markets's financial services for forex trading are not legitimate.The truth is that TransX Markets is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.TransX Markets is a scam.

Related Complaints

Q&A Complaints

How can I withdraw my money from TransxMarket when my withdrawal requests are delayed or ignored?

David
India
2025-01-21
ANSWER Dear Investor, Thank you for bringing TransX Markets to our attention. We have flagged TransX Markets as a scam and fully understand the distress and frustration this fraud has caused you. We strongly advise you to discontinue any engagement with them, regardless of their claims, as their sole intention is to defraud you. Please gather all evidence and report it to your local authorities. We also encourage you to file a complaint on our platform at https://www.brokersview.com/complaint. Our dedicated team will thoroughly review your case and work diligently to help you find a possible solution. Lastly, stay calm and avoid making impulsive decisions to recover your loss, though we know this can be challenging. Stay vigilant against recovery room scams, where unsolicited messages claim they can recover your losses for a fee. These fraudsters intend to exploit your urgency and revictimize you.
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Can you help me check if TransX Markets holds a license?

Con Spiros
Germany
2024-09-26
ANSWER Dear Investor,Thank you for reaching out. We are concerned that TransX Markets may be a scam.TransX Markets claims to be registered in St. Lucia. However, this is an offshore center that offers minimal protections for investors. Additionally, this registration does not equate to a license from a financial regulator. The Financial Services Regulatory Authority (FSRA) of St. Lucia has stated that forex trading is not licensed there.Therefore, we strongly advise against using TransX Markets due to its unlicensed status. For a safer trading environment, we recommend opting for fully regulated brokers instead.
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1 comments

David
I opened an account with TransxMarket in September 2024 through UniversalFXSoftware and Mr. Naem, who provided a free bot for Gold/USD trading on the MT5 platform. While it seemed promising initially, the experience turned out to be a nightmare.Withdrawals required Mr. Naem’s approval, and without it, no funds were released. This lack of transparency and control was a major issue. TransxMarket delayed payments and pressured me to refer more clients. After referring one client, they began harassing both of us for more referrals while withholding our funds. Despite raising complaints, they stopped communicating and failed to resolve our issues (as of January 2025).TransxMarket and UniversalFXSoftware exploit clients through unethical practices and a flawed withdrawal system. I strongly advise against trusting them or investing with their platforms. Save your money and stay away!
2025-01-21
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