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TransX Markets

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Operating status: SCAM

Website: https://transxmarket.com

Broker violations and abnormal records
  • 2024-09-25 BrokersView has Reviewed that TransX Markets is an Unregulated Broker

    TransX Markets claims to be owned and operated by Trans X Market Limited, is a online broker authorised and incorporated by the Financial Services Registry of St.Lucia with registration number 2023-00543, which offers a range of investment products to traders, including Forex, Commodities, Stocks, Indices and more instruments for trading in global markets.

    Upon investigation, we found that Trans X Market Ltd is registered with the International Financial Centre (IFC) in Saint Lucia, an International Business Companies Registry that doesn't license forex trading brokerage activities. It is critical to note that this mere registration doesn't mean being licensed to carry on forex trading activities. The financial watchdog of St. Lucia, Financial Services Regulatory Authority (FSRA) has stated that forex trading activities are not licensed there. Without any other valid financial licenses, TransX Markets's financial services for forex trading are not legitimate.

    The truth is that TransX Markets is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.

    TransX Markets is a scam.

    TransX Markets claims to be owned and operated by Trans X Market Limited, is a online broker authorised and incorporated by the Financial Services Registry of St.Lucia with registration number 2023-00543, which offers a range of investment products to traders, including Forex, Commodities, Stocks, Indices and more instruments for trading in global markets.Upon investigation, we found that Trans X Market Ltd is registered with the International Financial Centre (IFC) in Saint Lucia, an International Business Companies Registry that doesn't license forex trading brokerage activities. It is critical to note that this mere registration doesn't mean being licensed to carry on forex trading activities. The financial watchdog of St. Lucia, Financial Services Regulatory Authority (FSRA) has stated that forex trading activities are not licensed there. Without any other valid financial licenses, TransX Markets's financial services for forex trading are not legitimate.The truth is that TransX Markets is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.TransX Markets is a scam.

Related Complaints

Q&A

Can you help me check if TransX Markets holds a license?

Con Spiros
Germany
2024-09-26
ANSWER Dear Investor,Thank you for reaching out. We are concerned that TransX Markets may be a scam.TransX Markets claims to be registered in St. Lucia. However, this is an offshore center that offers minimal protections for investors. Additionally, this registration does not equate to a license from a financial regulator. The Financial Services Regulatory Authority (FSRA) of St. Lucia has stated that forex trading is not licensed there.Therefore, we strongly advise against using TransX Markets due to its unlicensed status. For a safer trading environment, we recommend opting for fully regulated brokers instead.
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1 comments

Noah Oliver
Few months ago I invested the total of $157000 to a scam investment platform, when i wanted to make my withdrawal from my trading account i was asked to pay more fees before i can withdraw my capital and profits, I was frustrated at that moment and i couldn’t find any legit help anywhere. Luckily I got referred to this woman called Deborah Achley who helped me recover all my funds and also guided me on how to make a successful trade and withdrawal. Are you new to Forex trading or Cryptocurrency investments or you are having problems with your account, You can also send a direct message via her personal gmail address (deborahachily12 @gmail.com ) contact her can also help you
10 hours ago
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