TradExpert-mxc is a Contract for Difference (CFD) broker whose official website domain was registered on September 14, 2023. This broker primarily offers numerous trading markets through its self-developed trading platform, including forex, options, CFDs, etc., and does not provide services to countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on the official TradExpert-mxc website, its headquarters are located in New York, United States, and it is regulated by the U.S. Commodity Futures Trading Commission (CFTC), the International Financial Services Commission (IFSC) of Belize, and the Cyprus Securities and Exchange Commission (CySEC).
Upon verification, there is no record of a company entity named TradExpert-mxc under the National Futures Association (NFA) in the U.S., the International Financial Services Commission (IFSC) of Belize, or the Cyprus Securities and Exchange Commission (CySEC). (The registration and review of intermediaries are conducted by the NFA under the supervision of the CFTC on behalf of the CFTC.)
Therefore, TradExpert-mxc is essentially a fraudulent website misrepresenting its regulatory status.
Account Opening Process
The process to open an account with TradExpert-mxc involves visiting the homepage of the broker’s official website, clicking on "SIGN UP" to access the account registration page, filling in personal information such as name, email address, phone number, and setting up a password. After submitting the information, the user can complete the registration upon account verification.
Trading Plans
The official TradExpert-mxc website does not disclose information regarding the types of trading accounts it offers, including account spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade size, maximum positions/orders, and minimum price increments.
Trading Platform:
TradExpert-mxc provides users with a self-developed trading platform, limited to the web version.
Deposits and Withdrawals:
TradExpert-mxc does not clearly specify on its website the supported methods for deposits and withdrawals, fees, or minimum deposit/withdrawal amounts.
Conclusion:
Traderknows warns investors that TradExpert-mxc is actually an unregulated scam website. It shares the same webpage content as other scam broker websites like DSBN Investment Trade, Express Excel market Trade, Profitable Trades Signals, Prolite Stock Capital, Universalelitefmiiners.com, AmeritForexTrade, and Crypto Finance Market. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
