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Can funds be deposited and traded on fax.trade? Is the platform legit?
elzabeth S
May 07, 2025
ANSWER Dear Investor, We strongly advise against depositing funds or trading with FAX LTD, as it is an unregulated broker. FAX LTD fails to provide any reliable licensing information to verify its credibility. It is simply claim to be registered in Saint Lucia, an offshore jurisdiction known for lax regulations and inadequate investor protections. More concerningly, forex trading activities are not licensed in this jurisdiction, and it is merely classified as an International Business Company (IBC) registered in Saint Lucia, which does not equate to proper financial activities authorization. Given these findings, we believe this platform poses significant risks. To protect your investments and personal information, we strongly recommend avoiding it.
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Has any hear of this? FAX LTD
MAGDI Arafa
Cook Islands
Apr 24, 2025
ANSWER Dear Investor, We strongly advise against trading with FAX LTD due to its unregulated status. This broker fails to provide any credible licensing information to support its reliability claims. It is purportedly registered in St. Lucia, an offshore jurisdiction known for lax regulations and minimal investor protections. More concerningly, forex trading activities are not licensed in this jurisdiction, and the registration simply classifies FAX LTD as an International Business Company. Given these findings, we have strong reasons to suspect that FAX LTD operates as an unlicensed broker, posing substantial risks. To safeguard your investments and personal information, we urge you to steer clear of this company.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.