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TRADE FX -

Score

1.31 /10
Danger

TRADE FX

Saint Lucia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.tradefx.co

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index5.47

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

TRADE FX PTE. LTD.

Company Abbreviation

TRADE FX

Platform registered country and region

Saint Lucia

Company website

X

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WhatsApp

  • 6598070400

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-09-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
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TRADE FX · Company summary
TradeFx Review Summary
Founded2011
Registered Country/RegionSingapore
RegulationNo regulation
Market InstrumentsForex, commodities, indices, cryptocurrencies
Demo Account✅
Islamic Account✅
LeverageUp to 1:1000
SpreadFrom 1.5 pips (Standard account)
Trading PlatformMetaTrader 4
Minimum Deposit$100
Customer SupportLive Chat
WhatsApp (24/7)
Phone: +65-9807-0400
Email: cs@tradefx.co
Bonus20% deposit bonus (up to $5,000)

TradeFx Information

TradeFx is a forex brokerage based in Singapore that started in 2011. It gives traders access to a wide range of global markets, such as forex, commodities, indices, and cryptocurrencies. The broker offers three main types of accounts: Standard, Premium, and ECN. All of these accounts use the well-known MetaTrader 4 platform, which is available on desktop, mobile, and the web. TradeFx encourages fair trading by offering spreads as low as 0 pips (for ECN accounts), leverage as high as 1:1000, and quick trade execution that averages 0.13 seconds.

The company puts a lot of emphasis on customer service, offering 24/7 multilingual support through live chat, WhatsApp, and email. They also have educational materials and a promotion for a 20% deposit bonus (up to $5000) with clear rules and conditions. Even with these features, TradeFx is not currently regulated, which could make trading even riskier.

TradeFx's homepage

Pros and Cons

ProsCons
Various trading instrumentsUnregulated broker
Multiple account types
Commission-free trading
MT4 platform
Popular payment methods
No deposit/withdrawal fees
24/7 multilingual customer support

Is TradeFx Legit?

No. TradeFx is currently unregulated, meaning it does not hold licenses from recognized financial authorities. Traders should exercise caution and consider the risks before investing.

What Can I Trade on TradeFx?

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Cryptocurrencies✔
Stocks❌
Bonds❌
Options❌
ETFs❌

Account Type & Leverage & Fees

Trade Fx provides 3 live accounts for users.

Account TypeMinimum DepositLeverageSpreadCommissionExecution SpeedSuitable for
Standard$100Up to 1:500From 1.5 pips0~1.23 secondsSuitable for beginners
Premium$1,000From 0.8 pips~0.82 secondsMost popular
ECN$5,000From 0.0 pips~0.80 secondsFor experienced traders

Demo accounts and Islamic accounts are also available.

Leverage can be extended up to 1:1000 depending on account settings. Note that higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.

Besides, TradeFx offers commission-free accounts with competitive spreads starting from 1.5 pips on Standard, 0.8 pips on Premium, and 0.0 pips on ECN accounts.

Account comparison

Trading Platform

TradeFx provides popular MT4 trading platform for its users.

Trading PlatformSupportedAvailable DevicesKey FeaturesSuitable for
MT4✔Desktop, Mobile, WebAdvanced charting, one-click trading, EAs support, multiple assets, backtestingBeginners
MT5❌//Experienced traders
MT4

Deposit and Withdrawal

Trade Fx provides many payment methods for users, including Bitcoin, Tether, Skrill, Neteller, PayPal, Visa, and Mastercard. TradeFx asks for a minimum $100 deposit. The deposit fee and withdrawal fee are $0.

Deposit and Withdrawal

User Reviews

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User comment

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Comments

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FX3371294605
3-6months
This broker is a scam I made a withdrawal but it was not responded at all until I chatted with all the customer service and the broker didn't reply and the broker instead said that this broker is busy be careful don't be tempted by this broker don't believe the 100$ withdrawal from June 9, 2025 it's also not paid until now
This broker is a scam I made a withdrawal but it was not responded at all until I chatted with all the customer service and the broker didn't reply and the broker instead said that this broker is busy be careful don't be tempted by this broker don't believe the 100$ withdrawal from June 9, 2025 it's also not paid until now
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+3
2025-07-08 06:30
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FX1047732672
more than one year
I've been trading with TradeFX.co for over a year now, and what stands out the most is their instant deposit process and same-day withdrawal service, especially in USDT. It makes my trading experience hassle-free and efficient. Highly recommended!
I've been trading with TradeFX.co for over a year now, and what stands out the most is their instant deposit process and same-day withdrawal service, especially in USDT. It makes my trading experience hassle-free and efficient. Highly recommended!
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2024-09-13 18:20
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