1. The Company Was Established in August 2025, Yet LinkedIn Misleads You to Believe It Existed in 2023
RadhikaFX operates under radhikafx.com, claiming to be a regulated multi-asset broker offering forex, commodities, indices, stocks, cryptocurrencies, liquidity services, and investment solutions, showcasing a Mauritius Financial Services Commission (FSC) license GB25204826.[1]
Radhika Capital Markets Ltd does exist, and the license can be verified.[4] But this is not the end of the story.
LEI records show that Radhika Capital Markets Ltd was created on August 4, 2025. [3] However, RadhikaFX's LinkedIn page claims the company was established in 2023, headquartered in Dubai, with 11-50 employees, and describes itself as a "leading" and "trusted" multi-asset broker.[2]
A company registered in August 2025 could not have started operations in 2023. This is an outright lie.
The domain radhikafx.com was indeed registered on September 28, 2023, but TraderKnows archive records show that the current RadhikaFX website first appeared on this domain on January 9, 2026.[4] A domain registered in 2023, with a website going live in 2026, while LinkedIn claims the company was founded in 2023—this is a classic "old domain, new scam" tactic.
A platform with a company established in August 2025 and a website launched in January 2026, any "history" it tells you is deceiving you.
2. Mauritius License: Framework Without Compensation
RadhikaFX does hold a Mauritius FSC license, which is a legitimate offshore regulatory license. However, it is not the same as FCA or ASIC—Mauritius FSC does not provide an investor compensation fund and has far weaker enforcement than mainstream regulators.
The FSC is an IOSCO member with clear AML/KYC requirements, but its regulatory framework is positioned for international business compliance, not retail investor protection. Industry insiders candidly state: "Mauritius FSC is widely regarded as a lenient offshore regulatory body with limited investor protection mechanisms."
If your money encounters issues, Mauritius FSC will not compensate you a penny.
3. Withdrawal Complaints Have Emerged: Half Five-Star, Half One-Star
On Trustpilot, RadhikaFX has only 4 reviews, a TrustScore of 3.1/5, half five-star, half one-star.[7]
All one-star reviews are related to withdrawals:
- A review from April 2026 requests a specific person to handle the withdrawal
- Another review claims "withdrawals are not allowed", directly calling it a scam [7]
These allegations have not been independently verified, but withdrawal complaints are far more significant than any comments about website design or customer service—the ability to withdraw is the core test of a broker relationship. One five-star review claims funds are "100% safe"—under an offshore regulation without a compensation fund, "100% safe" is a joke.
4. 1:500 Leverage + Weak Regulation = Rapid Liquidation
RadhikaFX offers up to 1:500 leverage, with risk disclosures admitting clients may lose more than their initial investment.[6]
1:500 leverage means only a 0.2% adverse market movement can deplete the margin. When account managers encourage you to increase your position, the platform shows rapid profit growth; when the market reverses, the same leverage can be used to justify urgent margin calls.
You are caught between two fears: either continue depositing to "save" the account or lose all the funds already invested. This is the profit model of a leverage + weak regulation platform.
5. "Dubai Headquarters" is Marketing, Actual Contracting Entity is Mauritius
LinkedIn claims RadhikaFX is headquartered in Dubai.[2] But LEI records show the company's legal and headquarters address is in Port Louis, Mauritius.[3]
International brokers can have offices in multiple countries, but RadhikaFX has not disclosed the legal role of the Dubai entity. A sales representative in Dubai is not authorized to provide regulated investment services just because an affiliated company holds a Mauritius license. If you are contacted by phone or office from the UAE, you must verify the exact employer entity and its local authorization.
6. If You Have Already Deposited, What to Do Now
Immediately stop adding any funds.
Do not pay any "taxes," "verification fees," "insurance," "withdrawal unlocking fees," or "anti-money laundering fees."
Keep: account statements, transaction records, emails, chat logs, payment receipts, wallet addresses, transaction hashes.
Withdrawal requests should be submitted in writing, asking the platform to explain any delays based on contractual grounds.
Check if the receiving company matches Radhika Capital Markets Ltd. A mismatch between the contracted broker and the receiving party could be significant evidence.
Mauritius FSC accepts complaints, but it will not compensate you. Also report to the financial regulatory authority, police, or cybercrime department in your country.
Do not trust anyone who proactively contacts you to "recover funds"—that is a secondary scam.
7. Final Conclusion: Company Established in 2025, Website Launched in 2026, Withdrawal Complaints Have Emerged
RadhikaFX should be classified as a high-risk platform:
- ❌ LEI records show the company was established on August 4, 2025[3]
- ❌ Website launched on January 9, 2026[4]
- ❌ LinkedIn falsely claims "established in 2023"[2]
- ❌ Domain registered in 2023 but used in 2026—old domain, new scam
- ❌ Mauritius FSC has no investor compensation fund, widely recognized as "lenient regulatory standards"
- ❌ Trustpilot has complaints of "withdrawals not allowed"[7]
- ❌ 1:500 leverage + weak regulation = rapid liquidation
- ❌ "Dubai headquarters" and Mauritius contracting entity relationship is unclear
RadhikaFX's company was established in August 2025, the website launched in January 2026, yet LinkedIn misleads you to believe it existed in 2023. The Mauritius license is real, but it lacks a compensation fund, and the regulatory standards are widely recognized as lenient. Withdrawal complaints have already emerged. This is not a compliant broker; it is a young high-risk platform packaged with an old domain and offshore license.
References
- [1] https://www.radhikafx.com/about/regulations (2026-07-10)
- [2] https://www.linkedin.com/company/radhikafx09/ (2026-07-10)
- [3] https://lei.bloomberg.com/leis/view/9845003843B3FF4ATE52 (2026-07-10)
- [4] https://www.traderknows.com/en/wiki/organizations/30353ba6dc344e42a3f78a2c889be984 (2026-07-10)
- [5] https://www.fscmauritius.org/en/supervision/register-of-licensee (2026-07-10)
- [6] https://www.radhikafx.com/risk-disclaimer (2026-07-10)
- [7] https://www.trustpilot.com/review/www.radhikafx.com (2026-07-10)
- [8] https://www.wikifx.com/en/newsdetail/202607085224996975.html (2026-07-10)
