Reported as a scam / unregulated
Why FXTRADE is on the register
FXTRADE claims the company was started in 2013. But when we searched its domain, we found it was created on 20th April 2022. So how could it start its business in 2013? It is a red flag here. Besides, FXTRADE claims to be a brand operated by Royal Forex Ltd, a Cypriot investment company regulated by CySEC. Commission (CySEC) under the License Number: 269/13. We indeed found a match result to Royal Forex Ltd in CySEC, but the license number of this company is 269/15 and the approved domains of this company are “www.royalforex.com; www.ROInvesting.com.” That means FXTRADE has no connection with Royal Forex Ltd since the former’s domain is not included in the approved domains. What’s more, the company “Royal Forex Ltd” now is under examination for voluntary renunciation of the authorization. That means even Royal Forex Ltd is no longer under valid regulation. The truth is, FXTRADE 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.
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.