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FUNDSTRADEFX

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Operating status: SCAM

Website: https://www.fundstradefx.com/; https://fundstradefx.com/

Broker violations and abnormal records
  • 2023-05-24 The UK FCA issued a warning against FUNDSTRADEFX

    On May 25, 2023, the Financial Conduct Authority (FCA) issued a warning against FUNDSTRADEFX, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/fundstradefx

    On May 25, 2023, the Financial Conduct Authority (FCA) issued a warning against FUNDSTRADEFX, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/fundstradefx
  • 2023-05-25 BrokersView has reviewed that FUNDSTRADEFX is an unregulated broker

    FUNDSTRADEFX claims to be a legitimate company by displaying a certificate of incorporation from the Companies House (CH). However, investors must bear in mind that the CH only serves as a registrar of companies in the UK and does not possess the authority to issue forex licenses and regulate entities involved in such activities. Mere registration with the CH doesn't grant authorization to legally offer financial services or products. More importantly, we searched for this company in the CH register but found no matching records. This means FUNDSTRADEFX falsely claims to be registered with the CH. In addition, the Financial Conduct Authority (FCA), a recognized UK financial watchdog, issued a warning against this broker, stating that FUNDSTRADEFX is operating in the absence of proper authorization.

    In essence, FUNDSTRADEFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    FUNDSTRADEFX claims to be a legitimate company by displaying a certificate of incorporation from the Companies House (CH). However, investors must bear in mind that the CH only serves as a registrar of companies in the UK and does not possess the authority to issue forex licenses and regulate entities involved in such activities. Mere registration with the CH doesn't grant authorization to legally offer financial services or products. More importantly, we searched for this company in the CH register but found no matching records. This means FUNDSTRADEFX falsely claims to be registered with the CH. In addition, the Financial Conduct Authority (FCA), a recognized UK financial watchdog, issued a warning against this broker, stating that FUNDSTRADEFX is operating in the absence of proper authorization.In essence, FUNDSTRADEFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-07-30 The Spain's CNMV issues a warning against FUNDSTRADEFX

    On July 31, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added FUNDSTRADEFX to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On July 31, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added FUNDSTRADEFX to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

Related Complaints

Q&A

Do you recommend to deal with FUNDSTRADEFX?

stephen f
Lithuania
2023-08-10
ANSWER We strongly suggest investors avoid FUNDSTRADEFX because it is an unlicensed broker warned by two financial regulators.FUNDSTRADEFX claims to be a legitimate company with a certificate from the Companies House (CH). However, the CH only serves as a registrar of companies in the UK and does not possess the authority to issue forex licenses and regulate entities involved in such activities. More importantly, FUNDSTRADEFX's registration with the CH is fake as we searched the CH register but found no matching records.In addition, both the Financial Conduct Authority (FCA) and the Comisión Nacional del Mercado de Valores (CNMV) have added FUNDSTRADEFX to their warning lists for providing investment services without authorization. You can refer here for FCA warning, and here for CNMV warning list.In essence, FUNDSTRADEFX is an unlicensed broker with significant risks such as financial losses and identity theft, and there are no rules in place to safeguard investors dealing with it. Therefore, we strongly suggest investors stay away from unlicensed brokers like FUNDSTRADEFX and instead choose a fully regulated one.
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