UXTrades Review

About UXTrades

UXTrades is not regulated by any recognized financial authority. There is no record of authorization from the UK’s Financial Conduct Authority (FCA), Australia’s ASIC, Cyprus’s CySEC, the U.S. SEC or CFTC, and no oversight by the Belgian FSMA beyond a warning labeling the platform as fraudulent. Additionally, the Terms and Conditions lack identification of a legal entity, and no regulation or compensation scheme is provided. The firm's legal documents are governed by Bulgarian law and interpreted under English courts, a combination that is not supported by any official regulatory authorization for forex operations.

UXTrades offers web-only trading (no MetaTrader 4 or 5), leverages up to 1:40, and features trading bonuses that require ostensibly unattainable turnover (e.g., 25× bonus plus deposit) before withdrawal is permitted. Deposit methods include credit cards and cryptocurrency purchases, with a stated minimum deposit around USD 250. Withdrawals reportedly are possible only above USD 100 via credit card or USD 1,000 via bank transfer. The firm claims an address in London and a registration number (HE 367623), but these are unverified and likely false.

Pros and cons

Pros

• None verifiable from official or regulatory sources

Cons

• Unregulated; no valid license identified
• Flagged as fraudulent by at least one financial regulator
• Opaque legal documents and unverifiable corporate details
• Trading conditions and bonus structures inconsistent with legitimate regulatory frameworks
• High minimum deposit; restrictive and onerous withdrawal conditions