High Risk
Reported as a scam / unregulated
SF-703123registry entry
Why Frax Trade is on the register
Frax Trade does not publicly disclose its regulatory information; it only presents a registered address and phone number in the United Kingdom. Upon our investigation with the Financial Conduct Authority (FCA), we have found that Frax Trade is not authorized by the FCA to conduct financial brokerage activities. Furthermore, the FCA has issued a public warning stating that this entity is providing financial services or products in the UK without proper authorization. Therefore, Frax Trade appears to be 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.