Reported as a scam / unregulated
Why MLX Trading is on the register
MLX Trading is not a reliable broker for traders even though it states offers that look good to be true. MLX Trading claims it has been offering forex services since 2017. However, when we checked its domain, we found it was created in 2020. So how could it start its business in 2015? It is a red flag here. Besides, this broker shows its office address is in the United States. So we did searching in the US regulator National Futures Association (NFA) but found no matching results to MLX Trading. That means MLX Trading 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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.