ANSWER Dear Investor,
Following an investigation, we suspect that TradeFX may be a scam as it does not hold a legitimate broker licence.
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.
Therefore, we strongly advise against trading with TradeFX to protect your investments.
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