TradeFXP
We checked TradeFXP 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
TradeFXP is not a reliable broker for traders even though it states offers that look good to be true. TradeFXP claims it is a full subsidiary of NAFA markets, a company with an address in Dubai, United Arab Emirates. As per the relevant regional and national law. We did searching in the following regulatory bodies, including: 1) the Central Bank of the United Arab Emirates (CBUAE); 2) the Dubai Financial Services Authority (DFSA). However, we did not find any match results to TradeFXP in the above watchdog's registries. Besides, TradeFXP shows another company address in the United Kingdom, As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator – FCA. However, there are no matching results to TradeFXP in FCA. That means TradeFXP is not overseen by any regulators. 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 TradeFXP.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.