Totally a scam

https://fxytrade.com/

FXY Trade is not a licensed or regulated broker even though it states offers that look good to be true.

FXY Trade claims to be a trade name of JPT Ltd, a company authorized and regulated by the Prudential Regulation Authority and the regulation authority register number is 79676. However, please be informed that the Prudential Regulation Authority is not the forex regulator in the UK. 

Besides, FXY Trade claims to be fully regulated by ESMA, FCA, and CONSOB. First, the European ESMA does not directly regulate entities engaging in forex services. Second, we did not find any match results to this broker in the FCA or the Italy CONSOB.

The truth is, FXY Trade is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like FXY Trade and trade with licensed brokers.