TradeFX presents itself as a legitimate trading platform, but the evidence tells a different story. Here is what our review of TradeFX uncovered.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is TradeFX?
On the surface, TradeFX looks like an ordinary forex and crypto broker. Its public site is presented at https://www.tradefx.co/. But surface impressions are exactly what these operations rely on — the substance behind TradeFX is where the problems begin.
Is TradeFX regulated?
TradeFX 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
- No credible physical address or verifiable corporate record
- Aggressive “account managers” coaching clients to deposit
- Offshore or shell-company registration used to avoid oversight
- Account dashboards that show “gains” with no real market exposure
- No verifiable licence from a recognised financial regulator
Our analysis
Although TradeFX claims to be a CFD-licensed broker, we could not find any related regulatory licensing information on its website. We found that TradeFX's registered office is in Saint Lucia, so we checked the Saint Lucia International Financial Centre (IFC) system and found a company named "TRADEFXP LTD.", but we are unable to confirm whether this matches due to the absence of company details. Furthermore, please note that IFC's registration merely grants International Business Company (IBC) status, which does not constitute a valid financial licence. The IFC has publicly stated that it neither regulates nor licenses forex trading activities.
Can you recover money lost to TradeFX?
If you have deposited with TradeFX, 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 TradeFX?
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.