Reported as a scam / unregulated
Why FewaTRADE is on the register
FewaTRADE claims to be a licensed and award-winning broker while not presenting any details of its regulation. Lacking regulatory information is the distinctive characteristic of an unlicensed broker, as licensed brokers will always present their certificates and licenses in a prominent position. It is a red flag here. Besides, FewaTRADE shows its company address is in the United States and provides a contact tel number which belongs to the UK. As per relevant law, brokers offering, promoting, or selling financial services or products in the above two countries have to be authorized or registered by the UK Financial Conduct Authority (FCA) and the US National Futures Association (NFA). However, we did not find any match results to this broker in FCA or NFA. The truth is, FewaTRADE 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.