TradeX1 is an offshore Forex trading platform offering a variety of financial instruments for trading. It works on the popular MT4 trading platform and has an initial deposit of a hefty $500 to start trading. The entity provides five types of different accounts along with decent customer support services.
Is TradeX1 Regulated?
TradeX1 is an unlicensed trading platform operated by Blonde Bear OU, an Estonian company. The entity does not operate under any local financial authority nor with other reputed authorities. Thus, the entity most likely to be illegitimate and works autonomously.
How Safe Is It To Invest Your Money With TradeX1?
TradeX1 has an extremely low reputation in the market. It attracts gullible trades promising unrealistic returns. Moreover, the entity’s official website is inaccessible and might have ceased all its operations. Hence, it is better to avoid such an irresponsible platform for any sort of investment.
What To Do If You Have Been Scammed By TradeX1?
TradeX1 has received extremely bad reviews from the investors. It has also received a warning from the Financial Conduct Authority (FCA) of the UK. In case, if you have any bad experience with TradeX1, don’t lose hope. We will make sure you get back your lost money.