Reported as a scam / unregulated
Why TradeXTen is on the register
TradeXTen claims to be a trademark owned by X Ten Global LTD (Seychelles), a Seychelles-registered company founded in 2015. But first, when we checked its domain, we found it was created in 2021. So how could it start its business in 2015? Second, as per relevant law, the Seychelles Financial Services Authority (Seychelles FSA) is responsible to license, regulate, enforce regulatory and compliance requirements, monitoring and supervising the conduct of business in the non-bank financial services sector in Seychelles. However, we did not find any match results to TradeXTen or X Ten Global LTD (Seychelles) in Seychelles FSA. That means this broker is not an approved broker operating a business in Seychelles. Third, TradeXTen shows its company address is in Canada. As per Canadian law, forex brokers in Canada all should be regulated by the Investment Industry Regulatory Organization of Canada (IIROC). But there are no match results to this broker in IIROC. The truth is, TradeXTen 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.