Reported as a scam / unregulated
Why TradeFXP is on the register
TradeFXP is not a reliable broker for traders even though it states offers that look good to be true. TradeFXP claims it is a full subsidiary of NAFA markets, a company with an address in Dubai, United Arab Emirates. As per the relevant regional and national law. We did searching in the following regulatory bodies, including: 1) the Central Bank of the United Arab Emirates (CBUAE); 2) the Dubai Financial Services Authority (DFSA). However, we did not find any match results to TradeFXP in the above watchdog’s registries. Besides, TradeFXP shows another company address in the United Kingdom, As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator – FCA. However, there are no matching results to TradeFXP in FCA. That means TradeFXP is not overseen by any regulators. 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.