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MyTradeFx

Operating status: SCAM

Website: https://www.mytradefx.biz/

Broker violations and abnormal records
  • Mar 08, 2022 The UK FCA Added MyTradeFx into Its Warnings

    On 9 Mar 2022, the FCA issued a warning that MyTradeFx has not been authorised to carry out financial services and products in the UK, you may visit: https://www.fca.org.uk/news/warnings/mytradefx

    On 9 Mar 2022, the FCA issued a warning that MyTradeFx has not been authorised to carry out financial services and products in the UK, you may visit: https://www.fca.org.uk/news/warnings/mytradefx
  • Apr 11, 2022 BrokersView has reviewed that MyTradeFx is an Unregulated Forex Broker

    MyTradeFx claims it was founded in 2015 and has the certificate of incorporation of a private limited company in the Companies House of the United Kingdom (CH). But CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities, so having registration does not mean having any regulations. 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. We did searching in FCA and only found this firm had already been blacklisted by FCA for providing financial services and products without authorizations. That means MyTradeFx is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam. 

    MyTradeFx claims it was founded in 2015 and has the certificate of incorporation of a private limited company in the Companies House of the United Kingdom (CH). But CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities, so having registration does not mean having any regulations. 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. We did searching in FCA and only found this firm had already been blacklisted by FCA for providing financial services and products without authorizations. That means MyTradeFx is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
  • Sep 25, 2022 BrokersView has found that MyTradeFx is not working

    BrokersView found the domain "https://www.mytradefx.biz/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://www.mytradefx.biz/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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Risk Warning:

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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.