TradeFxP is a forex broker with an official website registered on July 2, 2015. It primarily offers investors trading services in forex, metals, energy, indices, and stock CFDs. The company's headquarters is unknown. The official website supports English as the main language and does not accept clients from the United States, Afghanistan, Belarus, Myanmar, Burundi, the Central African Republic, China, the Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Iraq, Iran, Indonesia, Lebanon, Lesotho, Libya, Malaysia, the Maldives, Mali, Moldova, Nicaragua, Nigeria, North Korea, Pakistan, Russia, Somalia, Sudan, South Sudan, Syria, Tunisia, Turkey, Vanuatu, Venezuela, Yemen, Zimbabwe, and several other countries.
Corporate Background and Regulatory Status:
According to public information on its website, TradeFxP is a trading brand owned by TradeFxP Ltd, a company based in the United Kingdom. The address provided is 20-22 Wenlock Rd, London N1 7GU, United Kingdom. However, its actual operating offices are located at 5-146/A, Saraswathi Nagar, M R Palli, Tirupati, Chittoor - 517502, Andhra Pradesh, India, and #908, 9th Floor, Fifty-One Tower, Marasi Drive, Business Bay, Dubai, United Arab Emirates.
TradeFxP Ltd claims to be authorized and regulated by the International Financial Market Relations Regulation Center (IFMRRC). However, the company does not disclose its corporate registration address or registration number. It is important to note that IFMRRC is not an official government regulatory agency—it is merely an independent commercial organization with weak regulatory enforcement.
During the investigation, a UK company named TradeFxP Ltd was found that matches the information provided on the broker’s website. This entity was incorporated on February 22, 2018, originally registered at 20-22 Wenlock Rd, London N1 7GU, United Kingdom. However, on October 25, 2023, the company’s registered address was changed to Unit 7b Cranbrook House, 61 Cranbrook Road, Ilford, Essex, England, IG1 4PG. Furthermore, the company entered compulsory strike-off procedures twice—on May 14, 2019, and again on February 1, 2022. The sole beneficial owner of the entity is Mr. Zakeer Hussain Kaarani, an Indian national.
Account Opening:
To open an account with TradeFxP, you first need to register and log in on its official website. After completing the registration and logging in, you must submit documents such as proof of identity and proof of residence for KYC verification. Once the documents are successfully verified, you can open a live trading account and proceed to make a deposit for trading.
Account Types:
TradeFxP offers users four different types of trading accounts: ECN Account, PREMIUM Account, CLASSIC Account, and ISLAMIC Account.
- ECN Account:
Minimum deposit of $3,000, maximum leverage of 1:100, spreads starting from 0.3 pips.
A commission of $7 per standard lot is charged.
Swap/overnight fees apply.
Minimum trade size is 0.01 lots, and the maximum is 100 lots.
Margin call level is set at 100%, and stop-out level at 30%. - PREMIUM Account:
Minimum deposit of $1,000, maximum leverage of 1:300, spreads starting from 1.5 pips.
No trading commissions are charged.
Swap/overnight fees apply.
Minimum trade size is 0.01 lots, and the maximum is 100 lots.
Margin call level is set at 100%, and stop-out level at 30%. - CLASSIC Account:
Minimum deposit of $100, maximum leverage of 1:300, spreads starting from 2.1 pips.
No trading commissions are charged.
Swap/overnight fees apply.
Minimum trade size is 0.01 lots, and the maximum is 100 lots.
Margin call level is set at 100%, and stop-out level at 30%. - ISLAMIC Account:
Minimum deposit of $2,000, maximum leverage of 1:300, spreads starting from 2.4 pips.
No trading commissions or swap/overnight fees.
Minimum trade size is 0.01 lots, and the maximum is 100 lots.
Margin call level is set at 100%, and stop-out level at 30%.
Trading Platform:
TradeFxP provides users with the MetaTrader 4 (MT4) trading platform, available for both desktop and mobile devices.
Deposits and Withdrawals:
TradeFxP supports deposits and withdrawals via various methods, including bank wire transfers, credit/debit cards, blockchain, USDT, NaFa USD / NaFa $, e-wallets, and other electronic payment options.
Customer Support:
TradeFxP provides customer support through multiple channels, including telephone (+44 7441 443348), email ([email protected]), live chat, and an online contact form available on its official website.
Conclusion:
Trading Circle Encyclopedia reminds investors that TradeFxP's corporate entity information is unclear, and the platform is regulated by a non-official organization with very weak oversight. Investors are advised to choose well-regulated and reputable major platforms to minimize the risk of financial loss.
