tradefxbot is an officially registered CFD broker since October 25, 2023. The broker mainly offers a wide range of trading markets through platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, etc. It does not provide services in jurisdictions where doing so may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to official information on the tradefxbot website, the broker is regulated by the Financial Services Management Authority (FSA) in San Diego, California, with a securities merchant license number of SD018.
In reality, there is no such entity as the Financial Services Management Authority (FSA) in San Diego, California. Upon investigation, it has been discovered that the regulatory information provided on the broker's website was actually plagiarized from IC Markets, which is registered with the FSA in Seychelles. The registered entity of IC Markets is Raw Trading Ltd, holding a license number of SD018.
Account Opening:
To open an account with tradefxbot: visit the broker's homepage and click “Sign up” in the top right corner of the page to enter the account registration page. Fill in the required personal information such as name, email address, telephone number, and set a login password, then submit. After submission, the account will be successfully registered.
Trading Schemes:
tradefxbot offers three different types of trading schemes: Start Up Plan, Re-Investment, Big Earners Plan.
Start Up Plan:
- Return period: 7 days
- Minimum opening amount: $300
- Maximum opening amount: $25,000
Re-Investment:
- Return period: 7 days
- Minimum opening amount: $25,000
- Maximum opening amount: $49,999
Big Earners Plan：
- Return period: 7 days
- Minimum opening amount: $50,000
- Maximum opening amount: Unlimited
Trading Platforms:
The tradefxbot website claims to offer trading platforms such as MT4, MT5, and cTrader, but it does not provide relevant download links, and the broker named tradefxbot cannot be found on these platforms.
Deposits and Withdrawals:
tradefxbot supports deposits and withdrawals via credit/debit cards, e-wallets, and bank transfers.
Conclusion:
Traderknows reminds investors that tradefxbot is actually a scam website imitating the brokerage IC Markets. It is recommended that investors choose brokers with transparent information, strong regulatory oversight, and good reputations for their trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Scam" on Traderknows.
