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TRADEFXM

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Operating status: SCAM

Website: https://tforexm.com/

Broker violations and abnormal records
  • 2023-09-06 The UK FCA issued a Warning against TRADEFXM

    On 5 Sep 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that TRADEFXM was providing financial services or products in the UK without authorisation. You may visit:

    https://www.fca.org.uk/news/warnings/tradefxm

    On 5 Sep 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that TRADEFXM was providing financial services or products in the UK without authorisation. You may visit:https://www.fca.org.uk/news/warnings/tradefxm
  • 2023-09-06 BrokersView has Reviewed that TRADEFXM is an Unregulated Broker

    According to its website, TRADEFXM is located in UK. After verification by the Financial Conduct Authority, it was found that the FCA claimed that this was a company that was not authorized to regulate.

    The truth is that TRADEFXM 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. 

    Therefore, TRADEFXM is a scam.

    According to its website, TRADEFXM is located in UK. After verification by the Financial Conduct Authority, it was found that the FCA claimed that this was a company that was not authorized to regulate.The truth is that TRADEFXM 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. Therefore, TRADEFXM is a scam.

Related Complaints

Q&A

Where was TRADEFXM founded?

Sofia Grebeniuk
Balitmore
2023-10-16
ANSWER TRADEFXM is not a licensed broker and its claims cannot be reliable. While they provided addresses in the UK and the UAE, there is no guarantee that these locations are actual.TRADEFXM claims to be a UK-based forex broker, but this is a false and misleading statement. The Financial Conduct Authority (FCA), the official regulator of financial services in the UK, has issued a warning against TRADEFXM, stating that it is an unauthorized entity that has no licence to operate in the UK. You can refer to here for the full FCA warning. Furthermore, despite the UAE address, TRADEFXM is not registered with the financial watchdogs in this country, including the Central Bank of the United Arab Emirates (CBUAE), the Securities and Commodities Authority (SCA), and the Dubai Financial Services Authority (DFSA). This means that TRADEFXM is not subject to any rules or standards that protect investors' funds and interests in this jurisdiction. Therefore, there is no evidence to support the legitimacy of TRADEFXM. If you deposit money with TRADEFXM, you are exposing yourself to a high risk of losing it all, as there is no guarantee of security or compensation. To mitigate the risks, we strongly suggest invstors stay away from unlicensed brokers like TRADEFXM and instead choose a fully regulated one.
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