FCX Trade Review

About FCX Trade

FCX Trade International Limited (“FCX”) is registered in the United Kingdom at 34 New House, City of London, EC1N 8JY, UK. It claims to be authorised and regulated by the U.S. Financial Crimes Enforcement Network (FinCEN) as a Money Services Business, with MSB Registration Number 31000287847634. The company offers trading in over 80 instruments, including forex, equities (CFDs), indices, commodities, bonds, futures (CFDs), and crypto (CFDs), accessible through XT‑Trader and an unnamed binary options platform, with leverage up to 1:500. It also mentions segregated client funds with insurance coverage up to $500,000 and features such as real‑time pricing, charting tools, and integration with TradingView.

The Financial Services Commission of Belize has issued a cease‑and‑desist warning against “FCX TRADE” (website: www.fcxtrade.com), stating that the entity is not licensed under the Financial Services Commission Act to provide financial services, and that consumers dealing with it do so at their own risk, effective 26 September 2024.

Pros and cons

Cons

• No regulation by recognised financial authorities such as the UK FCA, ASIC, or NFA/CFTC—only a U.S. MSB registration, which does not permit trading services. Several regulatory reviews highlight that FCX Trade is unregulated and operates with high risk. ,
• The St. Vincent and the Grenadines Financial Services Authority confirmed that “FCX‑Trade LLC” is not registered or licensed in that jurisdiction and any claims otherwise are false.
• Multiple user complaints report withdrawal difficulties, account blocks, and unresponsive support.

Pros

• Offers a wide variety of instruments (80+) and high maximum leverage (up to 1:500) through XT platforms.