Brokers  /  Testimony Forex Trading

Testimony Forex Trading

High risk
🇬🇧 United Kingdom · < 1 year · since 2026-02-24 · Testimony Forex Trading Limited
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Independent ratingshow third parties score this broker
WikiFX1.08/10
Trustpilot/5
Forex Peace Army/5
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No sign that Testimony Forex Trading actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
50
High risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Recently established — about 5 months old
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing6835%
Company age9215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)7810%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameTestimony Forex Trading Limited
Headquarters🇬🇧 United Kingdom
Founded2026-02-24
Years operating< 1 year
Employees0
Official websitetestimonyforextrading.live
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
13 Plover Way, London, SE16 7TS

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
CYSECMarket Making (MM)138/11Cyprus

Review analysis AI

Testimony Forex Trading Limited presents a guarded risk profile, primarily due to its recent establishment and the lack of verifiable regulatory information. The CySEC licence on file appears to be associated with another entity, and the firm's official domain and limited public footprint raise concerns. We advise traders to treat this broker with caution and to independently verify all claims before committing funds.

Best for
  • Traders who prefer newly established brokers with potential for growth
  • Those comfortable with limited public information and willing to conduct deep due diligence
Not for
  • Risk-averse traders seeking established, fully regulated brokers
  • Investors requiring transparent product details and verified licensing
Period:

Real user reviews

Where Testimony Forex Trading operates

Based on its licenses and complaint records.

🇨🇾 Cyprus Licensed

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About Testimony Forex Trading

Overview

Testimony Forex Trading Limited is a United Kingdom-registered entity that, according to our records, was established on 24 February 2026. The company lists a registered address at 13 Plover Way, London, SE16 7TS, and its official domain is testimonyforextrading.live. Our records indicate that the firm is associated with a CySEC licence under a Market Making (MM) authorisation, though the status of that licence is not confirmed in our files.

At the time of writing, the company reports zero employees, and no clone or impersonator sites have been identified. The firm is relatively new, being only about five months old, which places it in the category of a recently established financial services provider. Independent public information about the company is limited, and our web searches did not return results that clearly match this specific entity, which is itself a cautionary signal for traders considering engagement.

Regulation and Licensing

Our records list one licence for Testimony Forex Trading Limited, issued by the Cyprus Securities and Exchange Commission (CySEC) under a Market Making (MM) authorisation. The licence number on file is 138/11, and the status is listed as not confirmed in our records. We note that this licence number is associated with a different entity in public registers, which raises questions about the accuracy of the information on file.

Given the discrepancy, we advise traders to verify any regulatory claims directly with the relevant authorities. The lack of a confirmed, matching licence, combined with the firm's recent establishment, means that the regulatory protection typically expected from a CySEC-authorised broker cannot be assumed. We cross-checked the licence against public registers, but the results were inconclusive, and we recommend caution.

Company Background

Testimony Forex Trading Limited is registered in the United Kingdom, with a London address. The company was founded on 24 February 2026, making it a very young entity in the financial services space. Our records show no employee count, which may indicate a small or non-operational structure.

The firm's official domain, testimonyforextrading.live, uses a '.live' top-level domain, which is less common among established financial institutions. While this is not inherently problematic, it adds to the overall picture of a broker with limited public footprint. We found no evidence of clone sites, but the absence of independent reviews or detailed information makes it difficult to assess the firm's operations.

Products and Services

Based on the limited information available, we cannot confirm the specific products or services offered by Testimony Forex Trading Limited. The CySEC Market Making licence suggests an intention to provide liquidity in financial instruments, but without official website content or verified documentation, we cannot detail the account types, trading platforms, or instruments available.

Traders should be aware that the lack of transparent information about a broker's offerings is a significant red flag. Established brokers typically provide comprehensive details about their products, fees, and execution models. In this case, the absence of such information means that potential clients cannot make an informed decision about the firm's suitability.

Risk Assessment

FXCanary's Scam Risk Score for Testimony Forex Trading Limited is 48 out of 100, which we classify as 'Guarded'. The primary risk flag is the firm's recent establishment, being only about five months old. Newly created brokers often lack a track record, and this alone warrants increased caution.

Additionally, the discrepancies in the licence information and the lack of independent reviews contribute to the guarded assessment. While we have not identified any clone sites or direct evidence of fraudulent activity, the overall information environment is thin. For a cautious trader, the absence of verifiable regulatory status and operational history is itself a story, and we recommend thorough due diligence before any engagement.

Overview compiled by FXCanary from regulatory records and public data. full Testimony Forex Trading review