Check › Broker register › Sotrade FX
AC-503606
Sotrade FX
⚠ Flagged on the register · High risk
We checked Sotrade FX against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
⚑ Reported by our community & upstream sources
What we found
Sotrade FX claims to be owned and operated by So Trade FX LLC, a company registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). However, we did not find any match results for this broker in SVG FSA. Besides, SVG FSA is not a regulatory body that issue license for forex trading or regulate entities engaging in forex services. The truth is, Sotrade FX 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 Sotrade FX.
- 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.