My Forex Trade Review
55
Fast Facts
Contact Info and Support
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | - |
| Country Code | - | |
| Country Rank | - | |
| Category Rank | - | |
| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
| Pageviews per Visit | 0 | |
| Avg. Visit Duration | 0 | |
| Estimated monthly visits | July 2025 | 0 |
| August 2025 | 0 | |
| September 2025 | 0 | |
| Traffic sources | Social | - |
| Paid Referrals | - | |
| - | ||
| Referrals | - | |
| Search | - | |
| Direct | - |
About My Forex Trade
My Forex Trade (website: myforex-trade.com) is not regulated by any financial authority. The UK’s Financial Conduct Authority (FCA) issued a warning on 17 March 2022 stating that My Forex Trade is not authorised to carry out financial services or products in the UK. ()
The broker claims to be founded in 2013, yet domain registration records show it was created on 27 February 2022. It also falsely asserts regulatory oversight in Malaysia, Hong Kong, and Saint Vincent and the Grenadines, but no matching entity appears in the registries of those jurisdictions. For the United States, the firm is not listed with the CFTC or as a member of the NFA. ()
The platform lacks a functioning trading system. Its so-called "demo trader" is a fake simulation, and the client portal merely displays charts sourced from TradingView. Additionally, branding inconsistencies are evident: the client area sometimes shows a name “Fx-unions” instead of My Forex Trade. ()
The broker advertises a minimum deposit of USD 100 and extremely high leverage up to 1:2000, along with a 35 % welcome bonus. These features are inconsistent with regulatory standards—as regulators strictly limit leverage and disallow such promotional incentives—and the broker accepts only Bitcoin deposits, which are irreversible, further indicating a scam. ()
The website is currently inaccessible, which is often a sign of fraudulent operations winding down or hiding. ()
Pros and cons
Pros
- None confirmed based on available evidence
Cons
- Not regulated by any recognized authority (FCA warning issued on 17 March 2022 for unauthorised operations)
- Domain age and founding date conflict (domain created February 2022 vs claim of operation since 2013)
- Fake trading platform and client area, including branding mix-up with “Fx‑unions”
- High-risk trading conditions: extreme leverage (up to 1:2000), 35 % bonus, Bitcoin-only deposits
- Website offline, indicating potential operational or regulatory issues
