SYNCXTRADES Review

About SYNCXTRADES

SYNCXTRADES operates through the domain syncxtrades.com and presents itself as a provider of trading services across multiple asset classes, including stocks, commodities, CFDs, currencies, and cryptocurrencies. The website claims operation since 2013, offers platforms such as MetaTrader 4, and promotes features like tight spreads, zero commission, and a $100 minimum deposit. The firm asserts to be “UK regulated since 2015” and headquartered at 40 Wall St, New York, NY, USA ().

The Financial Conduct Authority (FCA) has issued a warning that SYNCXTRADES is not authorised to offer financial services in the UK. The warning, dated December 27, 2024, adds syncxtrades.com to its blacklist for operating without required authorisation (). Investigations also reveal that the company’s claim of UK regulation is false; the entity purportedly behind SYNCXTRADES, “Financial Universal Holdings COMPANY LTD” (registration number 22916 IBC, St. Vincent and the Grenadines), appears unconnected to any licensed firm, and may represent identity misuse (). Independent watchdogs such as Scamadviser and Lost Coin Rescue flag the site with very low trust scores and classify it as high-risk or scam ().

Pros and cons

Pros

• The website lists popular trading instruments such as Forex, CFDs, cryptocurrencies, stocks, and commodities, and mentions platforms like MetaTrader 4, which are familiar to many traders ().
• It includes a risk warning acknowledging the high-risk nature of CFDs and derivatives ().

Cons

• No valid regulatory licence; FCA confirmed the broker is unauthorised in the UK (warning issued December 27, 2024) ().
• False regulatory claims, including unverifiable assertions of UK regulation and founding year, likely misleading ().
• Low trust ratings from independent sources; flagged as high-risk or scam by Scamadviser and Lost Coin Rescue ().
• Misuse of registration details; the named company appears unrelated to SYNCXTRADES, indicating potential identity fraud ().