Trade4x
We checked Trade4x 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
Trade4x claims to be a reliable firm while presenting neither details about its company's full name and regulation, nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Downloading its official MT4 trading platform, we found the name of this broker is "Trade FX Pte. Ltd." Besides, this broker shows its three company addresses in the United Kingdom, Singapore, and Dubai. As per this info, we searched in several regulatory bodies, including: 1) The UK Financial Conduct Authority (FCA); 2) The Monetary Authority of Singapore (MAS); 3) The Dubai Financial Services Authority (DFSA). However, we did not find any match results to Trade4x or Trade FX Pte. Ltd. in the above watchdogs' registries. The truth is that Trade4x 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 Trade4x.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.