Is Tradex.live a Scam? Read Tradex Review & Complaints

Many real users have labeled Tradex.live as a fake platform, while others describe the app as completely useless. Some claim that it operates based on its own rules and lacks proper regulation. If you're involved in the forex market, it's important to read this Tradex review to determine whether the platform is a scam or safe—so you can protect yourself from potential fraud.

Is tradex legit?

No, TradeX is not a regulated platform. It operates without any license and is considered unregulated and potentially fraudulent. TradeX is not monitored or approved by any major financial regulatory authorities such as the FCA (UK), ASIC (Australia), CySEC (Cyprus), or SEBI (India). Using such a platform puts your money and personal information at serious risk.

Is tradex legal in India?

In India, any platform offering trading or investment services must be registered with financial regulators like SEBI (Securities and Exchange Board of India) or RBI (Reserve Bank of India). This helps protect investors and ensures the platform follows the rules.

However, Tradex was not registered with SEBI, RBI, or any other financial authority. It was only registered as a private limited company under the Ministry of Corporate Affairs (MCA). This means it was legally a business, but it did not have approval to offer trading or investment services IN INDIA.

FCA Issued Warning against TRADEX

Unauthorised firm details

Name: TRADEX / TRADE X

Email: manager@tradexion.com

Website: www.tradexion.com

In 2023, the Financial Conduct Authority (FCA) of the United Kingdom issued an official warning against Tradex, stating that the platform is not authorised to operate or provide financial services in the UK. The FCA cautioned investors that engaging with unauthorised firms like Tradex puts their money at significant risk, as such platforms are not regulated or protected.

Tradex review & complaints

Heres a user reviews and complaints about Tradex.

1. Alleged Fraudulent Activity

One user reported that Tradex is a completely fraudulent platform. After actively trading for two months, he had to stop due to a personal issue. Despite this, Tradex suspended his account without explanation, and his funds remain blocked and inaccessible.

2. Withdrawal Issues and Poor Support

Another user described Tradex as a fake platform, stating that he was never allowed to make a withdrawal. He claimed that repeated attempts to contact customer support were ignored, leaving him without access to his invested funds.

3. Trade Manipulation

A third user warned that Tradex manipulates trades, calling it a fake app. According to his account, open positions are closed automatically, trades are not executed properly, and the P&L (profit and loss) does not reflect actual activity. He observed sudden and unexplained price drops, resulting in automatic liquidation of positions and a total loss of invested funds. He emphasized that Tradex operates under its own misleading rules.

4. Loss of ₹20,000 and Broken Promises

One user reported losing ₹20,000 on Tradex. He was persuaded by an account manager who claimed the service was reliable. After making an initial deposit and successfully withdrawing once, he was suddenly asked to re-verify his account, which halted further transactions. He also criticized Tradex for its poor customer support and lack of accountability.