The Official Website Of TradeFXP Cannot Be Accessed Properly At The Moment. The Company Seems To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-07-22 We Have Confirmed After Review That TradeFXP Is An Unregulated Forex Broker
TradeFXP Is Not A Reliable Broker For Traders, Although It Claims That The Quotes Offered To Its Clients Look Good. TradeFXP Claims To Be A Wholly Owned Subsidiary Of NAFA Markets, Which Is Located In Dubai, United Arab Emirates. In Accordance With Relevant Regional And National Laws. We Searched In The Following Regulators Including:
1) Central Bank Of The United Arab Emirates (CBUAE);
2) Dubai Financial Services Authority (DFSA).
However, We Did Not Find Any Results Matching TradeFXP In The Registration Of The Above Regulators.
In Addition, TradeFXP Also Displays Another Company Address Located In The UK On Its Website. According To UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Must Obtain Authorization Or Business Registration From The UK Financial Conduct Authority (FCA). However, No Results Matching TradeFXP Were Found In The FCA.
This Means That TradeFXP Is Not Regulated By Any Regulatory Authority. Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Since We Cannot Access The Broker's Website Now, We Cannot Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That TradeFXP Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As A Phone Number Or Company Address.
Note: TradeFXP As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
