Founded in 2015, TradeFxP is a forex broker based in the United Kingdom, operating without regulation from the Financial Conduct Authority (FCA). Despite being listed in the companies register, the broker’s capital remains at a mere £1, which raises concerns about its operational legitimacy and financial security. The lack of oversight from major regulatory bodies like FCA or ASIC suggests potential risks for clients regarding fund protection and compliance with industry standards. Traders should exercise caution when considering engaging with unregulated brokers like TradeFxP, as they may not adhere to essential client fund segregation practices, putting investors’ capital at risk.
TradeFxP offers a range of trading instruments, including forex pairs, commodities, and indices, catering to various trader needs. The broker provides access to the widely recognized MetaTrader 4 (MT4) platform, known for its user-friendly interface and robust trading features. Additionally, TradeFxP supports multiple account types, including mini and ECN accounts, with low minimum deposit requirements. Customer support is available through live chat and email, though some users have reported inconsistent response times. While TradeFxP presents appealing trading conditions, including tight spreads and various payment options, its lack of regulatory backing warrants careful consideration for potential traders.