Reported as a scam / unregulated
Why TransX Markets is on the register
TransX Markets claims to be owned and operated by Trans X Market Limited, is a online broker authorised and incorporated by the Financial Services Registry of St.Lucia with registration number 2023-00543, which offers a range of investment products to traders, including Forex, Commodities, Stocks, Indices and more instruments for trading in global markets. Upon investigation, we found that Trans X Market Ltd is registered with the International Financial Centre (IFC) in Saint Lucia, an International Business Companies Registry that doesn’t license forex trading brokerage activities. It is critical to note that this mere registration doesn’t mean being licensed to carry on forex trading activities. The financial watchdog of St. Lucia, Financial Services Regulatory Authority (FSRA) has stated that forex trading activities are not licensed there. Without any other valid financial licenses, TransX Markets’s financial services for forex trading are not legitimate. The truth is that TransX Markets is not regulated by any regulators. Letting it hold or control investors’money is unsafe, and the money can not be protected by any laws. TransX Markets 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.