High Risk
Reported as a scam / unregulated
SF-708081registry entry
Why Sotrade FX is on the register
Sotrade FX claims to be owned and operated by So Trade FX LLC, a company registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). However, we did not find any match results for this broker in SVG FSA. Besides, SVG FSA is not a regulatory body that issue license for forex trading or regulate entities engaging in forex services. The truth is, Sotrade FX 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.