Caution! Tradefxintl is an offshore company! Your funds may be at risk.
Tradefxintl Key Facts
🔴 Tradefxintl offers questionable investment opportunities – a clear sign of a scam!
🔴 Tradefxintl forges crucial contact information – beware!
🔴 Tradefxintl lacks the appropriate license for the provision of its services – a huge red flag!
🔴 Tradefxintl’s domain has been registered only recently – another off-putting detail!
Tradefxintl products and services
Tradefxintl is yet another online scam that tries to get people to deposit under unrealistically high returns – in the case of this particular one, the returns are upwards of 15% daily. Once more – Tradefxintl cannot guarantee you this much interest, it is simply trying to steal your deposits.
People should always be cautious when dealing with businesses offering enormously high yields because it’s scammers’ trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it’s a scam, so beware.
Tradefxintl company and regulation
Tradefxintl is not a licensed company – it provides us with a Certificate of Incorporation from the UK Companies House – this is not the appropriate document for British companies to hold. No, licensed UK entities are overseen by the FCA, which has nothing on Tradefxintl.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Tradefxintl address and contacts
Tradefxintl’s supposed US address line – 9900 Corporate Campus Drive Louisville KY 40223 is quite obviously fake – the company does not hold a license to operate in the States at all.
Transparency is crucial when talking about brokers and investment companies, and it’s part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it’s generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company’s legitimacy.
Tradefxintl website info
Tradefxintl has been online since the end of February 2021 – making it a month old at time of writing. That, and the fact that it does not even receive enough traction to be featured on SimilarWeb are both sign that the company is a scam. Another such sign is the fact that the IP address it is hosted on, 126.96.36.199 features 29 other website, a significant portion of which are also scams – the ones reviewed by us can be found below:
Finally, the owners of the website have decided to cover their tracks and conceal themselves from WhoIs lookups, once more failing to live up to commonly accepted principles of transparency.
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.