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AC-501211
Frax Trade
⚠ Flagged on the register · High risk
We checked Frax Trade against the AskCheck register. It has been reported (2025) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
⚑ On a regulator warning list
Named in relation to FCA (UK)
What we found
Frax Trade does not publicly disclose its regulatory information; it only presents a registered address and phone number in the United Kingdom. Upon our investigation with the Financial Conduct Authority (FCA), we have found that Frax Trade is not authorized by the FCA to conduct financial brokerage activities. Furthermore, the FCA has issued a public warning stating that this entity is providing financial services or products in the UK without proper authorization. Therefore, Frax Trade appears to be 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 Frax Trade.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.
Beware recovery scams. After a loss, fraudsters often return posing as “recovery agents” who guarantee your money back for an up-front fee. AskCheck is a free public checker — we don’t recover funds and we don’t guarantee funds can be recovered. Never pay anyone who promises a guaranteed recovery.