High Risk
Reported as a scam / unregulated
SF-705107registry entry
Why foptrade is on the register
foptrade claims to be operated by Perfect Trade Limited, which is regulated by VFSC. We searched the VFSC and found a matching result, but there is no website on VFSC so we can’t confirm that foptrade belongs to Perfect Trade Limited. It’s a redflag. The truth is that foptrade 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.