TradeFX
Forex & CFD broker · Unregulated · Claims a St Lucia licence that doesn’t exist
TC RATING
Not Rated
We do not recommend this broker. TradeFX claims Saint Lucia FSRA regulation, but the FSRA states it does not license forex firms and that such claims are false and misleading. It has no genuine forex licence and no top-tier authorisation, and is not MAS-regulated despite a Singapore address. It does not qualify for a TC Rating.
TradeFX presents itself as a regulated forex broker, but the regulator it names does not license forex businesses at all, and says so publicly. Strip away that claim and what remains is an unregulated offshore operation with a confused corporate identity and the usual offshore lures. We do not recommend it.
Is TradeFX regulated?
No, and this is the most important point in the review. TradeFX claims to be regulated by the Financial Services Regulatory Authority (FSRA) of Saint Lucia. That claim does not hold up.
The FSRA of Saint Lucia has issued a public notice stating plainly that forex business is not licensed in Saint Lucia, and that any documents from a forex broker indicating it is registered, licensed, or in any way affiliated with the Authority are false and misleading. In other words, the regulator TradeFX names has explicitly disowned exactly the kind of claim TradeFX is making.
Saint Lucia registers International Business Companies, which is a corporate shell, not a financial licence. It does not regulate or license forex or CFD trading. So a TradeFX presented as “FSRA regulated” is not a regulated broker at all. It holds no licence from any genuine forex regulator, and certainly none from a top-tier authority such as the FCA, ASIC, CySEC, or MAS.
- YOUR MONEY IS NOT PROTECTED
Trading with an unregulated broker carries real risks. You have no access to a financial ombudsman, no guaranteed segregation of your funds, and no compensation scheme if the broker fails or refuses a withdrawal.
A confused corporate identity
The regulatory claim is not the only thing that does not add up. TradeFX claims Saint Lucia regulation but lists a registered address in Singapore (Prudential Tower, Cecil Street) with Singapore contact details. Singapore’s actual financial regulator is the Monetary Authority of Singapore (MAS), and TradeFX is not authorised by MAS either.
Claiming an offshore Caribbean “licence” while presenting a respectable Singapore business address is a familiar pattern: borrow the credibility of a well-regulated financial centre without submitting to its rules. A genuine Singapore broker would be MAS-licensed and would say so. TradeFX is not.
The risks
- A false regulatory claim. The named regulator publicly states it does not license forex firms, which means TradeFX’s core assurance is baseless.
- No real oversight or protection. With no genuine licence, there is no compensation scheme, no ombudsman, and no regulator auditing how client funds are held.
- Borrowed credibility. A Saint Lucia shell registration plus a Singapore address, with no MAS authorisation, is a setup designed to look more legitimate than it is.
- Offshore lures. A 20% deposit bonus up to $5,000 and crypto-wallet funding are common features of high-risk offshore brokers. Bonus money comes with conditions that often make withdrawals difficult, and crypto deposits are effectively irreversible.
What TradeFX offers
For context, TradeFX runs on the MetaTrader 4 platform with forex, indices, stocks, metals, crypto, and energy CFDs, three account tiers from $100 to $5,000, leverage up to 1:500, and social/copy trading. The trading setup is ordinary. The reason we do not rate it is not the feature list, it is that its central regulatory claim is false and it has no genuine oversight.
Why TradeFX is Not TC Rated
Our Regulation First standard recognises only brokers regulated by a top-tier authority such as the FCA, ASIC, CySEC, or MAS. TradeFX has none of these. Worse, it claims a Saint Lucia forex licence that the Saint Lucia regulator says does not exist and is false and misleading. A broker whose core regulatory claim is contradicted by the very authority it names does not come close to our bar, so it does not qualify for a TC Rating.
Conclusion
TradeFX is an unregulated offshore broker built on a regulatory claim its own named regulator has publicly disavowed, wrapped in a Singapore address it has no MAS licence to back up. There is no genuine oversight here and no protection for your money. We do not recommend TradeFX. If you want to trade, choose a broker that is genuinely regulated by a top-tier authority and whose licence you can confirm on that regulator’s own register.
- LOOKING FOR A REGULATED BROKER?
This review is published for information only. If you want a regulated broker for this type of trading, see our regulated CFD brokers instead, where every broker there is checked against our regulation-first standard.
Frequently asked questions
Is TradeFX regulated?
No. It claims Saint Lucia FSRA regulation, but the FSRA states that forex business is not licensed in Saint Lucia and that such claims are false and misleading. TradeFX holds no genuine forex licence and no top-tier authorisation.
Is TradeFX a scam?
We do not label it conclusively, but a false regulatory claim, a borrowed Singapore address with no MAS licence, and offshore-style bonuses are serious red flags. We recommend avoiding it.
Is TradeFX regulated in Singapore?
No. Despite listing a Singapore address, TradeFX is not authorised by the Monetary Authority of Singapore (MAS).
