About TRADE FX
Who Is TRADE FX?
TRADE FX (tradefx.co) is a forex and CFD broker that presents itself as a Singapore-based firm founded in 2011. However, our records indicate that the company was registered in Saint Lucia on December 27, 2023, and no regulatory license is on file. The broker's registered address is Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. This discrepancy between the website's claimed origin and the actual registration raises immediate questions about transparency.
Regulatory Status
Our research shows that TRADE FX is not regulated by any known financial authority. The broker's website mentions 'Regulation' and 'Security & Fund' sections, but no specific regulator is cited. For a broker offering leveraged forex trading, the absence of regulatory oversight is a significant concern. Traders should be aware that unregulated brokers lack mandatory protections such as dispute resolution services or client fund segregation requirements.
Account Types and Trading Conditions
TRADE FX offers three account types: ECN, Standard, and Premium. According to our known facts, all accounts require a minimum deposit of $100 and offer maximum leverage of 1:2000. The broker's website claims spreads as low as 0 pips on ECN accounts and leverage up to 1:1000 (note the discrepancy with our records). The Standard and Premium accounts likely have higher spreads. All accounts are supported on the MetaTrader 4 platform, a popular choice among retail traders.
Instruments and Platforms
The broker states it provides access to forex, commodities, indices, and cryptocurrencies. The primary trading platform is MetaTrader 4, available on desktop, web, and mobile devices. The website also mentions a 'Social Trader' platform and a proprietary app. Additional tools include economic calendars, margin calculators, and real-time signals.
Funding and Customer Support
Specific deposit and withdrawal methods are not detailed in the available information. The broker's website includes a client portal (pro.tradefx.co) for account management. Customer support is likely available via standard channels, but no direct contact details were found in our review. The presence of a live promotion section suggests active marketing of bonuses, such as a 20% deposit bonus.
Social Media and Transparency
TRADE FX maintains a presence on Facebook, Instagram, and LinkedIn. However, the company's background remains opaque. The mismatch between the claimed Singapore origin and the actual Saint Lucian registration, combined with the lack of regulation, creates an environment of limited transparency. Traders seeking a broker with a clear regulatory footprint should approach with caution.
Target Audience
The broker appears to target both beginner and experienced traders, offering account types that cater to different trading styles. The low $100 minimum deposit makes it accessible, while high leverage options appeal to those seeking amplified exposure. However, the unregulated status makes it unsuitable for risk-averse traders or those who prioritize regulatory safeguards.
Overview compiled by FXCanary from regulatory records and public data. full TRADE FX review