High Risk
Reported as a scam / unregulated
SF-708244registry entry
Why FOTrading is on the register
FOTradings claims it is a trade name of Youtex Limited, a company registered in Labuan under registration number: LL17581. However, we did not find any match results to FOTradings or Youtex Limited in the Labuan Financial Services Authority (Labuan FSA). That means FOTradings is not regulated by any regulators. Investors’ money in this broker is 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.