Trade‑X Broker Review
Trade‑X (trade-x.us) presents itself as a professional online trading platform offering forex, crypto, and CFD services. With a slick website, promises of high returns, and supposed U.S. and U.K. addresses, it mimics a legitimate brokerage. But beneath the surface lies a highly structured scam operation that has already deceived dozens of unsuspecting traders.
Regulation and Licensing
Trade‑X claims to hold a license from “CROFR,” a fake self-declared regulator that has no legal authority or recognition in the financial world. CROFR is commonly used by fraudulent brokers to feign legitimacy.
There is no official license issued to Trade‑X by any recognized regulatory authority such as the FCA (UK), SEC (USA), ASIC (Australia), or CySEC (EU). This broker is unlicensed and operates illegally, offering financial services without any oversight.
Jurisdiction and Company Information
While the website lists a New York address (174 Broadway, NY) and previously displayed a London location (Knowledge Dock, University Way), investigations suggest these are virtual or rented addresses with no real operations.
The broker’s legal entity is not disclosed transparently. A mention of “Capital Access Group” appears in its Terms & Conditions, but this name does not link to any registered financial firm. Trade‑X provides no management names, no corporate registry, and no ownership details—hallmarks of an anonymous scam.
Regulatory Warnings
Multiple financial watchdogs have sounded the alarm on Trade‑X:
- FCA (UK) issued a warning in August 2023 about Trade‑X/Tradex (tradexion.com), stating that it operates without authorization and offers no investor protection.
- The Central Bank of Russia blacklisted Trade‑X as an entity with signs of fraudulent activity.
- The Financial Commission, an independent dispute resolution body, added Trade‑X to its Warning List in July 2025, citing suspicious behavior and lack of transparency.
These warnings confirm that Trade‑X is not safe to trade with under any circumstances.
Customer Complaints and Reviews
Despite fake positive reviews on Trustpilot and similar platforms, genuine users report identical patterns of abuse:
- Blocked withdrawals after initial profitable trades.
- Aggressive upselling by fake “analysts” who demand more deposits.
- Ghosting and account deletion once users request fund withdrawals.
One review reads:
“Scam! They pretend you’re making money and then block your account when you try to withdraw. Don’t fall for it.”
Reddit forums and broker review sites echo these warnings, labeling Trade‑X as a coordinated fraud operation, often initiated through social media or dating apps, where scammers pose as successful traders.
Scam Tactics in Action
Trade‑X uses classic boiler-room tactics with modern polish:
- High entry minimums: No demo account; $1,000+ deposits to start.
- Fake trading dashboards: Simulated trades and artificial profits.
- False tax and fee requests: Users are asked to pay extra “taxes” or “insurance” to unlock withdrawals.
- Withdrawal blackmail: Additional deposits are demanded; when denied, accounts are frozen or deleted.
There is no real trading—just a well-built interface designed to simulate performance and drain victims over time.
Victim Testimonies
Real-world examples expose the extent of the fraud:
- One victim lost $5,000 and had their account shut down after requesting a withdrawal.
- A family took out a loan to invest, only to be blocked and ghosted.
- Users name fake employees such as “Yan Lisovskiy” and “Paul Trudeau” as the brokers who misled them into investing.
The sums lost range from $1,000 to over $20,000, with almost no recovery once the scam becomes apparent.
Technical Website Analysis
Trade‑X attempts to create the illusion of longevity using recycled domains:
- tradexion.com was originally registered in 2015 but remained inactive until 2023.
- The current primary domain trade-x.us was only registered in April 2024.
- Mirror domains like webtrader-x.trade and trade-x.live are used to evade detection and geo-blocking.
The site is masked via Cloudflare and hosted on rotating IP addresses—clear attempts to hide the infrastructure. These digital footprints suggest that Trade‑X is less than two years old, contrary to its claims of “years of experience.”
Final Verdict on Trade‑X
Trade‑X is a scam broker that poses a serious threat to your finances. It operates without a license, misleads investors with false information, and employs psychological manipulation to extract as much money as possible before disappearing.
If you’ve been contacted by Trade‑X or already invested—stop all communication, document everything, and report to financial authorities in your country.
❗ No legitimate broker blocks withdrawals, demands more money to unlock profits, or hides its company registration.
Avoid Trade‑X at all costs.
