FXY Trade
We checked FXY Trade 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
FXY Trade claims to be a tradename of JPT Ltd 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 UK FCA or the Italy CONSOB. The truth is, FXY Trade 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 FXY Trade.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.