Fendatrade

Fendatrade Ltd is a Malta-registered entity, incorporated on 14 July 2022, with its registered office at 168 St Christopher Street, Valletta VLT 1467. The company holds a single licence from the Malta Financial Services Authority (MFSA) for Market Making (MM) activity. The licence number is C 56519, as recorded in our files.

Despite the regulatory registration, our records indicate that Fendatrade has no verifiable website or social-media presence, and no employee count is listed. This lack of public footprint is notable for a firm that is purportedly licensed for financial services, and it limits the information available to potential clients and counterparties.

The MFSA is the single financial regulator for Malta, and a licence from the MFSA is a recognised authorisation within the European Economic Area. However, the licence held by Fendatrade is for Market Making, which is a specific activity typically associated with providing liquidity in financial instruments, rather than directly offering retail trading services to individual clients.

Our records do not specify the current status of the licence (e.g., active, suspended, or revoked), and we have not been able to verify the licence details against the public register. This uncertainty, combined with the absence of a public-facing website, raises questions about the operational status of the firm.

Based on the known facts, we cannot confirm the specific products or services that Fendatrade offers. The Market Making licence suggests an institutional or wholesale focus, but without access to the company's website or marketing materials, we cannot detail any account types, trading platforms, or instruments.

Given the lack of verifiable information, potential clients should exercise caution and seek direct clarification from the company or the MFSA before engaging in any business relationship.

Because of the limited public information, it is difficult to assess the target clientele of Fendatrade. The Market Making licence implies a professional or institutional orientation, but this is speculative. Retail clients, in particular, should be wary of engaging with a firm that has no visible online presence or customer-facing materials.

We recommend that any prospective client perform thorough due diligence, including verifying the licence status with the MFSA and requesting detailed information directly from the company.

Our records flag two significant risk indicators for Fendatrade: withdrawal complaints appear in approximately 100% of recent reviews, and there is no verifiable website or social-media presence. These factors contribute to an FXCanary Scam Risk Score of 48/100, which we classify as 'Guarded'.

While the company is registered and holds a licence, the combination of a lack of public information and the prevalence of withdrawal complaints suggests that clients may face difficulties in accessing their funds. We advise extreme caution and recommend that traders avoid committing funds until these issues are resolved.