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.

BrokersView found that the domain "https://www.tradexten.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.