Reported as a scam / unregulated
Why FX Trade is on the register
According to its website,FX Trade claims to be regulated by the Financial Services Authority (FSA) of Seychelles with a Securities Dealer License No: SD087 and FX Trade is a tradename of Bitfx Asset Ltd , which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 129/16.However,there is no matching information was found in the two regulators. The truth is that FX Trade is not regulated by any regulators. Letting it hold or control investors’ money is unsafe, and the money can not be protected by any laws. 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.