FxtdPro is an unlicensed broker and should be avoided at all events. FxtdPro claims that it has won awards as far back as 2016. In 2016, 2018, 2019, it reached good reputation with an awards section. However, when checking its domain foundation year, we found it was registered on 30th July 2021. Fxtdpro clearly did not exist before July 2021, how could it get these awards? That means: these awards named are generic and do not really exist.
FxtdPro presents itself as somehow connected to a licensed broker on the markets by claiming the same license number #103759 (registered with the Marshall Islands Registry), which belongs to a company named Comax Invest Limited. In fact, there is no relation between FxtdPro and Comax Invest Limited. Moreover, even if the broker is registered with the Registry, the Registry doesn’t does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities.
What's worse, the UK's regulator FCA has issued a warning on FxtdPro, saying that the firm is not authorised by it and is targeting people in the UK without related license. You can check full warning here.
Our final conclusion is that FxtdPro is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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