Reported as a scam / unregulated
Why Trex Trade is on the register
Trex Trade claims to operate through multiple entities registered in Saint Vincent and the Grenadines, the United States, Mauritius, and the UK, asserting that it holds a MSB certificate issued by Financial Crimes Enforcement Network(FinCEN) and a license from the Financial Services Commission(FSC) in Mauritius. However, our thorough investigation reveals that no corresponding entities are registered with any of the relevant local regulators or corporate registries, including the Financial Services Authority (FSA) of Saint Vincent and the Grenadines and the Financial Conduct Authority (FCA) of the UK, indicating that these claims are likely fabricated to mislead investors. Therefore, Trex Trade appears to be 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.