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TXTrade

United Kingdom United Kingdom | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://txtrade.com/

Website

Rating Index

Contact

https://txtrade.com/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
United Kingdom
Operating Period
5-10 years
Company Name
Time Exchange Trading Ltd.
Email
support@txtrade.com
Company Website
Account Info
Verified Site
Relationship Map
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Wiki Q&A
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Official Website

Verified Site

  • txtrade.com
    13.226.214.67
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

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TXTrade

Related Companies

Time Exchange Trading Ltd
United Kingdom
Time Exchange Trading Ltd
Active
United Kingdom
Registration No.98696
Est. Date
SourceOfficial Statement

Company Profile

Company Profile

Review summary

Aspect Information
Company Name TXTrade
Registered Country/Area United Kingdom
Founded Year 2019
Regulation Unregulated
Customer Support Email:support@txtrade.com

Overview of TXTrade

TXTrade, founded in 2019 and based in the United Kingdom, operates as an unregulated financial service provider.

Despite the absence of regulatory oversight, which typically raises worries regarding investor protection and compliance with financial standards, TXTrade offers customer support accessible via email at support@txtrade.com.

As a relatively new entity in the financial sector, the company's unregulated status necessitates cautious consideration by potential clients concerned about the security of their investments and the reliability of trading operations.

Overview of TXTrade

Is TXTrade Legit or a Scam?

TXTrade is an unregulated financial services provider based in the United Kingdom. Operating without regulatory oversight will expose clients to increased risks, including less transparency and fewer protections in terms of financial security and fair trading practices.

Pros and Cons

Pros Cons
N/A Lack of Regulatory Oversight
Limited Customer Support
Inaccessible Website
Limited Recourse in Disputes

Cons

  • Lack of Regulatory Oversight: TXTrade is unregulated, meaning there is no regulatory body overseeing its operations. This absence can expose traders to greater risks, such as less protection against fraud and manipulation.

  • Limited Customer Support: The company offers customer support only via email, which may not be adequate for traders who require immediate assistance or more interactive support options.

  • Inaccessible Website: The lack of information about an accessible website could indicate that resources and tools are difficult to access or not well maintained, potentially affecting the user experience and access to important trading functionalities.

  • Limited Recourse in Disputes: Being unregulated and possibly having limited contact options can make it challenging for customers to resolve disputes or issues, as there are fewer avenues to seek redress or intervention.

Customer Support

TXTrade provides customer support primarily through email, with their support team accessible at support@txtrade.com.

This email-based support system allows clients to reach out with any inquiries or issues they will encounter while using TXTrade's services.

While the platform does not list additional support options like a phone number or live chat, using email can ensure that clients have a record of their communications, which can be beneficial for resolving more complex issues or disputes.

Conclusion

TXTrade is a financial services provider established in 2019 in the United Kingdom. Operating without regulatory oversight, it offers various trading opportunities, but potential clients should be cautious due to the lack of regulatory protections.

The company supports its users through customer service available via email. While the absence of regulation will concern some, TXTrade could appeal to those willing to navigate the increased risks in exchange for the trading opportunities it provides.

FAQs

Question: How can I contact customer support at TXTrade?

Answer: Customers can contact TXTrade's support team by sending an email to support@txtrade.com. This channel is available for any inquiries or assistance you will need regarding their services.

Question: What are the risks of trading with an unregulated broker like TXTrade?

Answer: Trading with an unregulated broker such as TXTrade carries risks including potential lack of transparency, fewer safeguards against unfair practices, and limited recourse in resolving disputes. Clients should carefully consider these risks before engaging in trading activities with TXTrade.

Risk Warning

BFXI is an unregulated entity, lacking formal oversight from financial regulatory authorities. This lack of regulation will expose clients to increased risks, including potential issues with transparency, operational integrity, and the security of client funds.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

How safe is trading with TXTrade?

Trading with TXTrade poses a significantly elevated level of risk, as it operates without any regulatory oversight from recognized financial authorities. This means there are no formal mechanisms in place to protect client funds or enforce operational transparency, which is a critical factor for traders to weigh against its offered features like 500:1 leverage and competitive spreads from 0.0 pips.

04-02
United States

Is TXTrade regulated?

No, TXTrade is not regulated. Time Exchange Trading Ltd., the company behind the brand, does not hold any valid forex trading licenses from major regulators such as the UK's Financial Conduct Authority (FCA). This unregulated status is the broker's most significant risk factor.

04-02
United States

What is the full company name of TXTrade?

The full company name is Time Exchange Trading Ltd., which has been operating for an estimated 5 to 10 years and is registered in the United Kingdom.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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