TradeFX-My.com Review – Scam Alert for This Unregulated Forex Broker
Ratings Based
Website Details
Country:
ID
Operating Since:
2024
Platforms:
Mobile/Desktop
Spread:
N/A
Funding:
N/A
Category:
Crypto/Forex
Leverage:
N/A
Commission:
N/A
Instruments:
N/A
Disclaimer
Our reviews are subjective opinions based on the analysis of our independent writers from around the world. We recommend exercising your own judgment and verifying information independently. We cannot be held liable for decisions made based on our reviews.
A Comprehensive Overview of TradeFX-My.com and Its Claims
TradeFX-My.com presents itself as a global online Forex and crypto investment platform, claiming to offer fast, secure, and profitable trading services. On the surface, the website showcases a clean user interface, vague mentions of financial security, and a set of highly attractive investment plans promising daily returns of 10% to 70%. They also advertise 24/7 customer support, a robust referral system, and worldwide accessibility.
However, behind these polished claims lies a high-risk, unregulated, and potentially fraudulent operation.
TradeFX-My.com raises immediate red flags for experienced traders and financial watchdogs. The platform lacks any registration or licensing from a recognized financial authority such as the FCA, ASIC, or CySEC. This is particularly concerning in the world of forex and crypto, where regulatory oversight is critical to protect investors from manipulation and fraud.
Further investigation reveals serious complaints from users regarding their inability to withdraw funds. Many report being misled with fake promises, being locked out of accounts, or being asked to pay suspicious “fees” before a withdrawal is processed all classic signs of a scam broker. Moreover, the company offers no real contact information, no proof of team credentials, and no transparency about how it handles user funds or trades.
The platform's exaggerated return offers are also a major red flag. No legitimate financial service guarantees daily returns of 10–70%. These kinds of promises are unrealistic in any market, and they’re often used by Ponzi schemes or fraudulent entities to attract naive investors. The combination of false advertising, lack of regulation, and widespread withdrawal issues strongly indicates that TradeFX-My.com is a scam disguised as a trading platform.
Whether you are a beginner looking to enter the world of forex or an experienced trader seeking a new platform, it is crucial to steer clear of TradeFX-My.com. Your capital, identity, and peace of mind are all at serious risk.
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Our Review
Why TradeFX-My.com Is Considered a Scam
TradeFX-My.com might look polished on the surface, but this is exactly what makes it dangerous. Its real goal appears to be deceiving investors, not supporting real trading. Let’s break down how the scam is likely structured based on patterns seen in similar fraudulent operations:
1. High Returns That Defy Market Logic
The site boldly promises daily profits ranging from 10% to 70%, depending on your deposit amount. For context, professional traders and hedge funds average around 5-20% annually. No legitimate platform can guarantee such high daily returns and those that do are typically Ponzi schemes, where payouts to earlier users come from newer deposits until the system collapses.
2. Deposit-Only Focus Withdrawals Are a Trap
The most consistent complaint about TradeFX-My.com is that users can deposit funds easily, but withdrawing is either delayed indefinitely or outright blocked. Common tricks include:
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Demanding “tax” or “clearance” fees before processing withdrawals.
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Freezing the account for “suspicious activity” as soon as you try to pull out funds.
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Requesting more personal information to “verify” your identity often as a stall tactic.
These are classic scam behaviors, designed to wear down the user’s patience while trapping as much capital as possible.
3. Fake Licensing and No Regulatory Oversight
The website might display logos from regulatory agencies (like FCA, CySEC, or ASIC) to appear legitimate, but no verifiable registration can be found when checked against official databases. Scam sites often forge regulatory badges or link them to random companies to create a false sense of trust.
🥷 4. Anonymous Ownership and Contact Evasion
Legitimate companies display clear:
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Registered company names
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Corporate addresses
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Direct contact lines (phone, email, live support)
TradeFX-My.com fails on all these points. It uses generic contact forms, hides ownership details, and does not list a real business address or a team. These are signs of a fly-by-night operation ready to vanish.
5. Manipulated Reviews and Testimonies
Several 5-star “reviews” on review platforms or embedded on the site are either:
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Fake testimonials generated with stock photos and AI-like text
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Purchased Trustpilot reviews (a tactic known in the forex scam space)
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Deleted real complaints, often by manipulating platform policies
Notable Facts
Unregulated Status: Operating without oversight from recognized financial authorities.
Lack of Transparency: Absence of verifiable company details and regulatory registration.
Withdrawal Difficulties: Reports of accounts being suspended or blocked during withdrawal attempts
Unrealistic Promises: Exaggerated claims about potential returns or trading success
Our Decision
Warning: Low score, please avoid this website!
According to our review, this website has a higher percentage of being a scam website!
The site may attempt to steal your funds under the pretext of helping you make money.
Notice: High Score, Not Likely to be a scam website!
According to our review, this website has a lower percentage of being a scam website!
Website Ownership Status: Unclaimed
Analysis of Tradefx-my
Pros
- User-Friendly Interface: The platform offers a clean and intuitive interface, making it accessible for beginners.
- Access to Multiple Assets: Provides access to a wide range of cryptocurrencies, indices, stocks, and commodities.
Cons
- Unregulated: Lacks registration with any recognized financial regulatory authority, posing significant risks.
- Withdrawal Issues: Numerous reports of difficulties in withdrawing funds, with accounts being suspended or blocked.
- Lack of Transparency: Absence of verifiable company details and regulatory registration.
- Unrealistic Promises: Exaggerated claims about potential returns or trading success.
Just IN (News Updates)
Conclusions
After viewing and analyzing the site thoroughly by our experts and undergoing the proper process, we have reached a final conclusion.
In-Depth Conclusion on TradeFX-My.com
TradeFX-My.com is not a legitimate forex broker it is a sophisticated scam operation designed to appear professional while stealing from unsuspecting users. It follows a scripted formula used by many online trading frauds:
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Make incredible promises (huge returns, quick profits).
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Make deposits easy with crypto and cards.
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Block withdrawals with delays, fake policies, and non-responses.
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Disappear or rebrand once exposed.
The lack of transparency, unregulated status, and user reports of withdrawal fraud leave little doubt: TradeFX-My.com is a scam. If you or someone you know has interacted with this site:
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Cease all communication
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Do not deposit more money
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Report the site to your national financial authority or cybercrime agency
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Save all records (screenshots, emails, messages)
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