TradeXTen
We checked TradeXTen 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
TradeXTen claims to be a trademark owned by X Ten Global LTD (Seychelles), a Seychelles-registered company founded in 2015. But first, when we checked its domain, we found it was created in 2021. So how could it start its business in 2015? Second, as per relevant law, the Seychelles Financial Services Authority (Seychelles FSA) is responsible to license, regulate, enforce regulatory and compliance requirements, monitoring and supervising the conduct of business in the non-bank financial services sector in Seychelles. However, we did not find any match results to TradeXTen or X Ten Global LTD (Seychelles) in Seychelles FSA. That means this broker is not an approved broker operating a business in Seychelles. Third, TradeXTen shows its company address is in Canada. As per Canadian law, forex brokers in Canada all should be regulated by the Investment Industry Regulatory Organization of Canada (IIROC). But there are no match results to this broker in IIROC. The truth is, TradeXTen 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 TradeXTen.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.