Real Fx Expert

Real Fx Expert, operating under the legal name TopFX Ltd, is a forex and CFD broker registered in the United Kingdom. The company was founded on 26 January 2022 and lists its registered address at 1 Bessborough Gardens, Westminster, London SW1V 2JQ, UK. According to our records, the broker holds two regulatory licences, one from the Cyprus Securities and Exchange Commission (CYSEC) and one from the Seychelles Financial Services Authority (FSA).

Despite its UK registration, the broker's regulatory footprint is primarily offshore, with the Seychelles licence indicating a common structure for brokers targeting international clients. The CYSEC licence, which is for Market Making, is notable as it would allow the broker to operate within the European Economic Area, though the status of this licence is not specified in our records. The FSA licence, for Derivatives Trading, is typical for brokers serving clients in Asia and Africa.

Real Fx Expert holds two licences, as per the official records. The first is a CYSEC Market Making (MM) licence, numbered 138/11, issued in Cyprus. The second is an FSA Derivatives Trading License (EP), numbered SD037, issued in Seychelles. These licences are listed without a current status, which may indicate that they are active but not fully verified.

It is important to note that the CYSEC licence number 138/11 is well-known in the industry as belonging to a different entity, which raises questions about the accuracy of this record. However, we are bound by the known facts and cannot speculate further. The FSA licence is a common offshore licence that provides a lower level of investor protection compared to top-tier regulators like the FCA or ASIC.

Based on the available information, Real Fx Expert appears to offer trading in forex and CFDs, which is typical for a broker with a Market Making licence. The specific platforms, such as MetaTrader 4 or 5, are not disclosed in our records, but it is common for brokers of this type to offer these industry-standard platforms.

The instruments likely include major, minor, and exotic currency pairs, as well as CFDs on indices, commodities, and possibly cryptocurrencies. However, without official website details, we cannot confirm the exact offering. Traders should verify the availability of specific instruments and platforms directly with the broker.

The broker's account types and minimum deposit requirements are not disclosed in our records. Typically, brokers offer a range of account types, such as Standard, Premium, and VIP, with varying spreads and leverage. Funding methods usually include bank transfers, credit/debit cards, and e-wallets, but these are not confirmed for Real Fx Expert.

Given the lack of public information, we advise traders to contact the broker directly for details on account opening, funding, and withdrawal procedures. It is also prudent to check the broker's website for any promotional offers or bonuses, though these are not mentioned in our records.

Real Fx Expert is likely aimed at retail traders seeking leveraged forex and CFD trading. The offshore FSA licence suggests that the broker may target clients from regions where such brokers are common, such as Asia, Africa, and the Middle East. However, the UK registration and CYSEC licence could also attract European clients, though the status of the CYSEC licence is unclear.

Traders should be aware that offshore regulation offers limited recourse in case of disputes. We recommend that potential clients conduct thorough due diligence, including verifying the broker's regulatory status on the official registers, before depositing funds.

Our records indicate that Real Fx Expert has no verifiable website or social-media presence, which is a significant risk factor. The FXCanary Scam Risk Score is 43/100, categorised as 'Guarded'. This score reflects the lack of transparency and the difficulty in verifying the broker's operations.

Additionally, the broker has zero employees on record, which is unusual for a licensed broker and may indicate a shell company or a very small operation. While this does not automatically imply fraud, it does warrant caution. Traders should be extremely careful when dealing with brokers that have minimal public footprint.

In summary, Real Fx Expert is a forex and CFD broker with a UK registration and offshore licences. The lack of public information and the absence of a verifiable website are concerning. We advise traders to approach this broker with caution and to consider alternative, more established brokers with a stronger regulatory and operational track record.

For those who still wish to proceed, we recommend starting with a small deposit and testing the broker's services thoroughly before committing larger sums. Always read the terms and conditions carefully, and never invest money you cannot afford to lose.