TradesFX Review (2023)

Is TradesFX a scam or a legit broker?

TradesFX is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade TradesFX. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

TradesFX is a Forex (Read our Review on AxiTrader Forex Broker) and CFD (Read about BDSwiss, which offers CFD trading) brokerage company owned and operated by Investment 4 Futures Limited, registered in Saint Vincent and the Grenadines – a popular offshore destination for the Forex brokers. It is risky to deal with offshore brokers as in average it takes only USD 2,000 to get the license. The main advantages of having an offshore license are low costs, the speed of formation (it takes only a few weeks to get one) and tax-free.
TradesFX provides different contact phone numbers with the country code of the European countries (Germany, Netherlands, Austria, Switzerland, Finland, Norway), which means that the broker has been operating across Europe, although it is not regulated in any of the mentioned countries. Moreover, Italy’s regulator CONSOB has issued a warning against TradesFX/Investment 4 Futures Limited:
“the National Commission for Companies and the Stock Exchange has ordered the following companies to cease the infringement of art. 18 of the same Decree consisting of the provision of unauthorized investment services and activities to the Italian public: – by Investment 4 Futures Limited and Tradesfx Limited, through the website www.tradesfx.com (Resolution n. 20626 of October 16, 2018)”

It is recommended to trade with brokers regulated by UK’s FCA (Read about FCA regulated Infinox) or Australia’s ASIC instead. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license (Read about TriumphFX, which offers STP execution) aside from client deposits. The regulator also protects customers when authorized financial services firms fail.

TradesFX website is no longer active.