Our investigation into My Forex Trade found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is My Forex Trade?
My Forex Trade markets itself as an online trading and investment service. Its public site is presented at https://www.myforex-trade.com/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.
Is My Forex Trade regulated?
My Forex Trade provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.
Red flags we identified
- Aggressive “account managers” coaching clients to deposit
- Opaque or anonymous corporate ownership
- Unrealistic profit claims and pressure to deposit more
- No verifiable licence from a recognised financial regulator
- No credible physical address or verifiable corporate record
Our analysis
On 17 Mar 2022, the FCA issued a warning that My Forex Trade has not been authorised to carry out financial services and products in the UK, you may visit: https://www.fca.org.uk/news/warnings/my-forex-trade
Can you recover money lost to My Forex Trade?
If you have deposited with My Forex Trade, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by My Forex Trade?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.