FXTRADE
We checked FXTRADE against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
FXTRADE claims the company was started in 2013. But when we searched its domain, we found it was created on 20th April 2022. So how could it start its business in 2013? It is a red flag here. Besides, FXTRADE claims to be a brand operated by Royal Forex Ltd, a Cypriot investment company regulated by CySEC. Commission (CySEC) under the License Number: 269/13. We indeed found a match result to Royal Forex Ltd in CySEC, but the license number of this company is 269/15 and the approved domains of this company are "www.royalforex.com; www.ROInvesting.com." That means FXTRADE has no connection with Royal Forex Ltd since the former's domain is not included in the approved domains. What's more, the company "Royal Forex Ltd" now is under examination for voluntary renunciation of the authorization. That means even Royal Forex Ltd is no longer under valid regulation. The truth is, FXTRADE is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report FXTRADE.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.