Fxtradegain

Fxtradegain, Inc. is a company registered in the United Kingdom, with a stated founding date of August 2022. Its official domain is tradeexpertcryptocryptocurrency.com, though our records indicate no verifiable website or social-media presence. The company lists a registered address in London, but the address appears incomplete or inconsistent.

As of our records, Fxtradegain, Inc. reports zero employees, which raises questions about its operational capacity. The company claims to hold three regulatory licences from ASIC, FCA, and CySEC, all for Market Making activities. However, the status of these licences is marked as '—' in our records, and the company is flagged as a 'Fake Broker' in industry watchdog records, as well as being identified as a clone or impersonator firm.

Fxtradegain, Inc. states that it is regulated by three financial authorities: the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the United Kingdom, and the Cyprus Securities and Exchange Commission (CySEC). Each licence is listed as Market Making (MM) type, with specific licence numbers on file: ASIC licence no 443670, FCA licence no 705428, and CySEC licence no 124/10.

However, our records do not confirm the current status of these licences, and the company is flagged as a clone or impersonator. This means that even if the licence numbers appear valid, the entity operating under this name may not be the legitimate holder. Traders should exercise extreme caution and verify any regulatory claims directly with the respective authorities.

Fxtradegain, Inc. offers a range of account types with varying minimum deposit requirements. The accounts include FOMC with a minimum deposit of $70,000, NFP with $50,000, Cryptocurrencies with $500, PREMIUM with $3,000, CLASSIC with $1,000, and STANDARD with $300. No information is provided on maximum leverage, minimum spreads, or commissions for any of these accounts.

The high minimum deposits on the FOMC and NFP accounts suggest a focus on high-net-worth individuals, while the lower-tier accounts may target retail traders. However, the lack of detail on trading conditions makes it difficult to assess the competitiveness or suitability of these accounts.

Our records do not list any specific trading instruments or platforms offered by Fxtradegain, Inc. The company's official domain name suggests a possible focus on cryptocurrency trading, but this is not confirmed. The absence of verifiable information about the trading platform, available assets, or execution methods is a significant red flag.

Without clear details on what traders can trade and on what platform, it is impossible to evaluate the broker's offerings. This lack of transparency is concerning, especially for a company that claims to be regulated by multiple authorities.

No deposit or withdrawal methods are listed in our records for Fxtradegain, Inc. This is a critical omission, as traders need to know how they can fund their accounts and access their funds. The absence of this information could indicate that the broker does not have a reliable payment infrastructure.

Given the other red flags, the lack of clear funding methods further undermines confidence in this broker. Traders should be wary of any entity that does not disclose how money moves in and out of accounts.

FXCanary's Scam Risk Score for Fxtradegain, Inc. is 85 out of 100, indicating a severe risk. The company is listed as a 'Fake Broker' in industry watchdog records and is identified as a clone or impersonator firm. Additionally, there is no verifiable website or social-media presence, which is highly unusual for a legitimate broker.

These risk flags, combined with the lack of transparent information about operations, make Fxtradegain, Inc. a high-risk entity. Traders are strongly advised to avoid engaging with this broker until its legitimacy can be independently verified.