Reported as a scam / unregulated
Why fxprotrade is on the register
fxprotrade claims it is a group that is authorized and regulated by multiple regulators across the globe, including: International Capital Markets Pty Ltd, regulated by the Australian Securities and Investments Commission (ASIC) with license number: 742853. fxprotrade (EU) Ltd is, regulated by the Cyprus Securities and Exchange Commission (CySEC) with the license: 443/16. fxprotrade Ltd, regulated by the Securities Commission of The Bahamas (SCB) with the license: PIA-F429. However, we did not find any match results to fxprotrade in the above three watchdogs’ registries. What’s more, fxprotrade also claims to be a trading name of Raw Trading Ltd, a company that holds a securities dealer license issued by the Seychelles Financial Services Authority (Seychelles FSA). We indeed find a match result to Raw Trading Ltd in Seychelles FSA. But as per the regulatory details shown on FSA, the only approved domain of this firm is “ instead of the one used by fxprotrade. The truth is that fxprotrade is a clone firm that falsely uses the regulatory info of a regulated firm. fxprotrade is not overseen by any regulators. 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.