ANSWER Dear Investor,
We do not recommend using TradelogicFx as your broker.
The platform’s website provides no verifiable details about its regulatory status, only stating that the company is registered in Saint Lucia. However, it is important to note that Saint Lucia currently has no authority responsible for regulating or licensing forex trading activities. While we confirmed the existence of a matching entity in the Saint Lucia International Financial Centre (IFC) registry, this registration solely confers International Business Company (IBC) status, which does not equal to a legitimate financial license. The IFC itself neither regulates nor authorizes forex brokers.
In addition, TradelogicFx lists an office address in Mauritius. Our search of the Financial Services Commission (FSC) of Mauritius using both the trading name and entity name, though, returned no record of TradelogicFx Ltd. or any affiliated company.
Therefore, we strongly advise against engaging with TradelogicFx to protect your funds and personal information.
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