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TradeFXP

Operating status: SCAM

Website: https://tradefxp.com/

Broker violations and abnormal records
  • Jul 21, 2022 BrokersView has Reviewed that TradeFXP is an Unregulated Forex Broker

    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.

    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.

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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.