Trade X: deception and risks

Although Trade X poses as a reliable broker, user reviews indicate otherwise. Traders complain about breaches of commitments, blackmail, and leaking of client funds. But is it really that bad? Let’s take a closer look.

Key facts about Trade X

Trade X claims to have been operating in the financial markets for over 8 years with more than 17,500 clients worldwide. However, reviews about the company have only recently surfaced, raising questions about the reality of this experience.

An analysis of the domain history and web archive only confirmed suspicions. The domain tradexion.com was registered in 2015, but had a history of previous sales. Change in ownership could indicate fraudulent activities.

While Trade X promises 24/7 support, users complain about staff ignoring them. The company conceals the names of its leadership, leading to mistrust. Reviews indicate dishonesty and a reluctance by the company to resolve client issues.

Licensed broker or not?

Trade X claims maximum asset security, but the lack of legal documents verifying their activities raises doubts. Mention of the CROFR license, a fictitious regulator, only deepens suspicions of dishonesty.

In Russia, the official authority is the Central Bank, but Trade X is not listed among licensed brokers.

Trading conditions: offer overview

Trade X provides training, analytics, and qualified support. However, the absence of a demo account and a high entry threshold of $1000 signal risks for novices.

Key offerings:

Four tariffs with deposits ranging from $1000 to $200,000 USD,
Markets: FX, CFD, Crypto,
24/7 support,
Account insurance and other options depend on the chosen tariff.

User reviews point to the company’s fraudulence and refusal to withdraw funds.

User reviews

Many traders share their experiences on forums, warning others about the company. If you have experience with Trade X, please share below.

Fraud scheme

Trade X sets a high entry threshold, forcing clients to make new investments without profit guarantees. Scammers block fund withdrawals, demand additional payments, and ultimately deprive traders of access to their accounts.

After a withdrawal request, money is returned with difficulty, and often not returned at all. If you encounter a similar situation, seek help from professionals.