Reported as a scam / unregulated
Why FXY Trade is on the register
FXY Trade claims to be a tradename of JPT Ltd authorized and regulated by the Prudential Regulation Authority and the regulation authority register number is 79676. However, please be informed that the Prudential Regulation Authority is not the forex regulator in the UK. Besides, FXY Trade claims to be fully regulated by ESMA, FCA, and CONSOB. First, the European ESMA does not directly regulate entities engaging in forex services. Second, we did not find any match results to this broker in the UK FCA or the Italy CONSOB. The truth is, FXY Trade 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.