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Operating status: SCAM
Website: https://trxfo.com/en

On July 12, 2023, the Securities Commission of British Columbia (BCSC) issued a warning against TradeX Foundation (TRXFO), stating that it is not registered to trade in, or advise on, securities or derivatives in BC: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/trade-x-foundation
TradeX Foundation (TRXFO) fails to disclose its regulatory information and licensing data, which can be interpreted as a scam indicator, as legitimate brokers always prominently display their accreditation and licenses.
In an attempt to appear real, TradeX Foundation (TRXFO) displays an address in the UK, where almost all individuals and firms are required to be authorized by the Financial Conduct Authority (FCA) if they are looking to offer financial services or products. However, we have been unable to locate any record matching TradeX Foundation (TRXFO), suggesting that it is not subject to the FCA's oversight.
Additionally, the Securities Commission of British Columbia (BCSC) has issued a warning against TradeX Foundation (TRXFO), stating that it is not registered to trade in, or advise on, securities or derivatives in BC.
In essence, TradeX Foundation (TRXFO) is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
BrokersView found that the domain "https://trxfo.com/en" 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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