FX Trade Pro
fxtrade.app
🚫 Confirmed ScamActive Warning
Risk Summary
FX Trade Pro (fxtrade.app) is an unauthorised clone firm that impersonates the legitimate FCA-regulated broker FxPro. The FCA has issued a formal warning confirming the firm has no authorisation to offer financial services in the UK. Multiple victims report being unable to withdraw funds, with the firm vanishing after receiving deposits.
Regulatory status: No regulatory licence. FCA-confirmed unauthorised clone firm impersonating FxPro.
Last verified: 10 January 2025 by BrokerDir Editorial Team
Official Regulatory Warnings
FCA (Financial Conduct Authority)2023-08-01
The FCA issued a warning that FX Trade Pro (fxtrade.app) is not authorised to provide financial services in the UK. The firm is a clone of legitimate FCA-registered broker FxPro and consumers who deal with it are at high risk of losing their money.
Also Known As
FxTrade AppFX Trade Pro Broker
Red Flags
- Clones the identity and branding of FCA-authorised broker FxPro
- No FCA authorisation or equivalent regulatory licence
- Widespread victim reports of withdrawal fraud and total fund loss
- Hidden ownership structure with no verifiable physical address
- No company registration number matching any legitimate registry
- Uses similar domain and logo to deceive traders into trusting the firm
What to Do If You've Been Affected
Immediately cease all communication with FX Trade Pro and do not deposit any further money. Report the firm to the FCA via their online reporting tool and to Action Fraud at actionfraud.police.uk. Contact your bank or card provider as soon as possible to initiate a chargeback - time limits apply and early action significantly improves your chances. Preserve all emails, chat transcripts, account screenshots, and payment receipts as evidence. Do not pay any 'release fee' or 'tax clearance' charge requested by the firm - these are additional fraud tactics.
Safer Alternatives
These regulated brokers are reviewed by our editorial team and available as safer alternatives.
Frequently Asked Questions
No. FX Trade Pro is a fraudulent clone that copies the branding and name of the legitimate FCA-regulated broker FxPro. The two are entirely unrelated. Always verify a broker's identity on the official FCA Register at register.fca.org.uk before depositing funds.
Stop all contact and do not send any further funds. Report the fraud to the FCA using their online scam reporting tool and to Action Fraud (actionfraud.police.uk). Contact your bank immediately to request a chargeback on any card or bank transfer payments.
Clone firms copy the name, registration number, or website of a real regulated broker. Always cross-check the firm's details - including their FCA Firm Reference Number - directly on the FCA Register. If the firm's contact details or website differ from what is listed on the Register, you are likely dealing with a clone.