High Risk
Reported as a scam / unregulated
SF-700885registry entry
Why FCX Trade is on the register
Although FCX Trade claims to be registered in the UK, we cannot find any relevant results on the Financial Conduct Authority’s (FCA) licensing register. For a trading company, being regulated by local financial authorities should be of great importance. FCX Trade also claims to be licensed by the Financial Services Commission (FSC). However, upon investigation, no matching company name was found on the FSC’s official website. The Financial Crimes Enforcement Network (FinCEN) in the USA, which it also claims to be regulated by, does not regulate CFD trading either.
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.