My Forex Trade Review : Fees, Pros and Cons, Reviews by Real Traders

My Forex Trade

Operating status: SCAM

Website: https://www.myforex-trade.com/

Broker violations and abnormal records

Mar 16, 2022 The UK FCA Added My Forex Trade into its Warnings
On 17 Mar 2022, the FCA issued a warning that My Forex Trade has not been authorised to carry out financial services and products in the UK, you may visit: https://www.fca.org.uk/news/warnings/my-forex-trade

On 17 Mar 2022, the FCA issued a warning that My Forex Trade has not been authorised to carry out financial services and products in the UK, you may visit: https://www.fca.org.uk/news/warnings/my-forex-trade
Mar 31, 2022 BrokersView has reviewed that My Forex Trade is an Unregulated Forex Broker
My Forex Trade is not a reliable broker even though it states offers that look good to be true. This broker claims it was founded in 2013 as a pioneer in online trading. When checking its domain, we found it was newly created on 27 Feb 2022. So how could it start to do online trading in 2013? It is a red flag here.
Besides, this broker claims it has been regulated by UK regulators since 2015. However, when we searched My Forex Trade in the Financial Conduct Authority (UK FCA), we only found it was warned by FCA for providing financial services without any authorization.
The truth is that My Forex Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

My Forex Trade is not a reliable broker even though it states offers that look good to be true. This broker claims it was founded in 2013 as a pioneer in online trading. When checking its domain, we found it was newly created on 27 Feb 2022. So how could it start to do online trading in 2013? It is a red flag here.Besides, this broker claims it has been regulated by UK regulators since 2015. However, when we searched My Forex Trade in the Financial Conduct Authority (UK FCA), we only found it was warned by FCA for providing financial services without any authorization. The truth is that My Forex Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Jul 24, 2025 BrokersView has identified that My Forex Trade's website is currently offline
BrokersView found that the domain "https://www.myforex-trade.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

BrokersView found that the domain "https://www.myforex-trade.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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