SENTFUNDS

SafeTradeFX

Written by

in

High Risk

Reported as a scam / unregulated

SF-700372registry entry

Why SafeTradeFX is on the register

SafeTradeFX claims to be an international forex broker which is a member of The Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). However, we did not find any match results to this broker in FINRA or SIPC. Besides, the above two authorities are not financial regulators that regulate entities engaging in forex. The truth is, SafeTradeFX is not under valid regulation by any regulators to provide investment services. Investors’ funds in this company are unsafe and cannot be protected by any law. It is a scam.

If you have money with this broker

  1. Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
  2. Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
  3. Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
  4. 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.
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SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.