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Singapore|5-10 years|
MT4 Full License|Regional Brokers|High potential risk|


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TradeFX-Live MT4
Server Location United States



No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!
Previous Detection : 2024-07-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

TradeFX · WikiFX Survey

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TradeFX · Company Summary

Note: Regrettably, the official website of TradeFX, namely, is currently experiencing functionality issues.

TradeFX Review Summary
Registered Country/Region Singapore
Regulation Unregulated
Market Instruments Forex, metals and CFDs
Leverage 1:200 (Std)
EUR/ USD Spread 1 pips (Std)
Trading Platforms MT4
Minimum Deposit $250
Customer Support Email:

What is TradeFX?

TradeFX, headquartered in Singapore, operates in an unregulated environment, offering a range of market instruments including forex, metals, and CFDs. The platform primarily utilizes the MT4 trading platform. However, concerns arise regarding the platform's reliability and stability due to the inaccessibility of its official website. Traders can reach out via email at


If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • MT4 supported
  • Not regulated
  • Flexible leverage
  • Inaccessible website
  • Limited product offerings
  • High minimum deposit
  • Reports of unable to withdraw

Pros of TradeFX:

-MT4 Supported: The platform utilizes the popular MetaTrader 4 (MT4) trading platform, which is widely known for its user-friendly interface and robust features, offering traders a familiar and reliable trading experience.

- Flexible Leverage: TradeFX provides a leverage of 1:200, allowing traders to amplify their potential profits with a relatively small initial investment, although this also increases the associated risks.

Cons of TradeFX:

- Not Regulated: Operating in an unregulated environment in Singapore raises concerns about investor protection and the platform's adherence to industry standards and best practices, potentially exposing traders to greater risks of fraud or misconduct.

- Inaccessible Website: The inaccessibility of TradeFX's official website undermines investor confidence and raises doubts about the platform's reliability and stability. This lack of accessibility may indicate technical or operational issues, making it challenging for traders to access essential information or support.

- Limited Product Offerings: While TradeFX offers forex, metals, and CFDs, its product offerings may be limited compared to other brokers, potentially restricting traders' diversification options and trading opportunities.

- High Minimum Deposit: With a minimum deposit requirement of $250, TradeFX may pose a barrier to entry for some traders, especially those with limited capital or those seeking to start with smaller investments.

- Reports of Unable to Withdraw: Concerns have been raised regarding difficulties in withdrawing funds from TradeFX, indicating potential issues with fund security or operational efficiency. This raises significant red flags regarding the platform's trustworthiness and reliability.

Is TradeFX Safe or Scam?

Investing with TradeFX carries significant risks due to the absence of valid regulation, meaning there is no governmental or financial authority oversight of their operations. This lack of oversight exposes investors to potential exploitation, as the individuals running the platform can abscond with funds without being held accountable for their actions. The absence of regulation also leaves investors vulnerable to fraudulent activities, as there are no safeguards in place to protect their investments.

Furthermore, the inaccessibility of TradeFX's official website raises serious concerns about the reliability and stability of their trading platform. This lack of accessibility not only undermines investor confidence but also suggests potential technical or operational issues within the platform. Such factors compound the already elevated level of risk associated with investing in TradeFX, as investors may face difficulties in accessing their funds or executing trades reliably.

The combination of regulatory absence and technical instability significantly amplifies the risks inherent in investing with TradeFX, making it imperative for investors to exercise caution and consider alternative, more secure investment options.

Market Instruments

TradeFX provides a range of trading instruments including forex, metals, and CFDs (Contracts for Difference).

- Forex: Forex, or foreign exchange, involves trading currency pairs in the global financial market. Traders speculate on the relative value of one currency against another, aiming to profit from fluctuations in exchange rates. Common currency pairs include EUR/USD (Euro/US Dollar), GBP/USD (British Pound/US Dollar), and USD/JPY (US Dollar/Japanese Yen).

- Metals: TradeFX allows traders to invest in precious metals such as gold, silver, platinum, and palladium. Metal trading enables investors to diversify their portfolios and hedge against inflation or economic uncertainties. Metals are traded in similar ways to currencies, with prices influenced by supply and demand dynamics, geopolitical factors, and market sentiment.

- CFDs (Contracts for Difference): CFDs are derivative products that enable traders to speculate on the price movements of various financial instruments without owning the underlying assets. With CFDs, investors can trade on the price changes of stocks, indices, commodities, and cryptocurrencies.

Account Types

TradeFX offers a variety of account types to cater to different trading preferences and experience levels.

Standard Account:

- Minimum Deposit: $250

- This account type is designed for traders who are starting their journey in the financial markets. It provides access to the basic features and trading instruments offered by TradeFX.

VIP Account:

- Minimum Deposit: $2,000

- The VIP account is suitable for traders who may have more experience and are looking for additional benefits and features. VIP account holders often enjoy perks such as lower spreads, personalized customer support, and sometimes exclusive market analysis.

Premium Account:

- Minimum Deposit: $5,000

- The Premium account is tailored for traders with a higher level of expertise and a larger capital base.

ECN (Electronic Communication Network) Account:

- Minimum Deposit:$10,000

- ECN accounts are designed for professional and institutional traders who require direct market access and prefer to trade in a more transparent and competitive environment. ECN accounts often feature lower spreads, faster execution, and access to liquidity from multiple sources.


TradeFX offers a range of leverage options across its various account types to accommodate different trading preferences and risk appetites. Leverage essentially allows traders to control a larger position size with a relatively small amount of capital, amplifying both potential profits and losses.

Account Type Leverage Ratio
Standard 1:200
VIP 1:200
Premium 1:200
ECN 1:100

Spreads & Commissions

TradeFX offers multiple account types with varying spreads and commissions to cater to different trading needs. The Standard account features a spread of 1 pip, making it suitable for traders looking for a straightforward trading experience with moderate costs. On the other hand, the VIP account boasts a spread of 0 pips. Similarly, the Premium account also offers a spread of 1 pip.

For traders interested in the ECN account, TradeFX provides a spread of 0.5 pips. ECN accounts typically offer tighter spreads as they directly connect traders to liquidity providers, resulting in potentially lower trading costs and increased transparency in pricing.

Regarding commissions, TradeFX's specific commission structure is not accessible due to the inaccessible website. However, it's common for brokers offering accounts with tight spreads or no spreads to charge commissions on trades instead.

Account Type Spread Commission Structure
Standard 1 pip N/A
VIP 0 pips
Premium 1 pip
ECN 0.5 pips

Trading Platforms

TradeFX provides its clients with access to the popular MetaTrader 4 (MT4) trading platform, renowned for its user-friendly interface, advanced charting tools, and extensive range of features. With MT4, traders can execute trades quickly and efficiently across various financial markets, including forex, commodities, indices, and cryptocurrencies.

The platform offers customizable charting capabilities, allowing traders to analyze market trends and identify potential trading opportunities with ease. Traders can utilize a wide array of technical indicators and drawing tools to conduct thorough technical analysis directly on the platform. Additionally, MT4 supports automated trading through Expert Advisors (EAs), enabling traders to implement algorithmic strategies and execute trades automatically based on predefined criteria.


User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Customers can get in touch with customer service line using the information provided below:



In conclusion, TradeFX presents a mixed bag of opportunities and risks for traders. While it offers the familiarity of the MT4 platform and flexible leverage options, its lack of regulation in Singapore raises concerns about investor protection and adherence to industry standards. The inaccessibility of its website further adds to doubts about reliability and stability. Moreover, reports of difficulties in withdrawing funds from the platform raise significant red flags regarding its trustworthiness and operational efficiency.

Given these factors, traders should approach TradeFX with caution and carefully evaluate the associated risks before engaging with the platform.

Frequently Asked Questions (FAQs)

Q 1: Is TradeFX regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at TradeFX?
A 2: You can contact via email:
Q 3: What platform does TradeFX offer?
A 3: It offers MT4.
Q 4: What is the minimum deposit for TradeFX?
A 4: The minimum initial deposit to open an account is $250.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.


WikiFX Scam Alert: Please stay away from TradeFX!!!

ExposureWikiFX Scam Alert: Please stay away from TradeFX!!!

2022-09-23 11:09

Abstract:The UK regulator FCA issued an official warning against TradeFX on September 21th!!!

2022-09-23 11:09
WikiFX Scam Alert: Please stay away from TradeFX!!!

User Reviews

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more than one year
As a TradeFX user, I've got to say, their disregard for customers affected by platform glitches is so bad. I'll soon reveal evidence of their lies and poor management in handling complaints about lost trades due to technical issues.
2024-02-07 18:05
more than one year
How would I have thought this platform would do this to its users, taking our money just like that like and nothing has been done yet? Suddenly my account just disappeared, couldn't log in, couldn't access it, and couldn't reach support. Everything just stopped working all at once with no prior warning or anything, everything was just gone.
2023-03-16 12:26
Better half
more than one year
The company's website is down, but I noticed it doesn't have any regulatory licenses, so maybe it's a scam.
2023-02-17 15:44


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