Frax Trade Review: Is It Safe or a Scam? (new)

Summary

Frax-trade.com is a fraudulent cryptocurrency and forex platform. It is unregulated and not authorized by any financial authority, including the UK’s FCA, which has issued a warning against it. Users report inability to withdraw funds, with the site demanding extra “fees” or “taxes” before blocking access. The platform promises unrealistic, guaranteed profits, a common scam tactic, and uses aggressive methods to lure victims via social media or messaging apps. The website looks professional but is fake, designed to steal money. Do not confuse it with the legitimate Frax Finance (frax.finance).

Exercise extreme caution if you are considering investing, and always verify a broker’s regulatory status before depositing any money.

Is Frax Trade Regulated or Legit?

No, Frax Trade is not a regulated broker. No significant financial authority has issued it a valid license. Your investment is very risky because unregulated brokers are not obligated to protect investors, separate client funds, or adhere to compliance regulations.

Recommendation: Invest only with brokers who have been approved by reputable authorities like the FCA, ASIC, or CySEC.  Direct confirmation of registration information is available on the regulator’s website.

About Frax Trade

• Company Name: Frax Trade
• Official Website: https://frax-trade.com/
• Registered Address: M Milas, 88a Meadow Street, Preston, United Kingdom, PR1 1TS
• Regulatory Warning: Financial Conduct Authority (United Kingdom)
• Domain Blacklist Status: It seems there is no direct mention of this domain being on a blacklist.

Cross-check these details carefully. Many fraudulent platforms clone legitimate websites or publish fake information to appear trustworthy.

Common Online Scams Similar to Frax Trade

Scammers often use similar patterns across multiple industries. Here are the most frequent ones to watch for:

1. Forex and Trading Scams

Unregulated brokers promise high returns and later block withdrawals or manipulate trades.

2. Cryptocurrency Scams

Fake investment programs or phishing links steal funds and digital assets from investors.

3. Social Media Scams

Fraudulent ads on Facebook, Instagram, and Telegram promote quick profits or “guaranteed signals.”

4. Romance Scams

Scammers build emotional trust through dating apps and later request money for false emergencies.

5. Phishing and Identity Theft

Fake websites or login forms collect banking or personal information under the guise of verification.

How Scams Report Helps Victims Recover Lost Funds

If you’ve lost money to Frax Trade or a similar platform, Scams Report can guide you through potential recovery options.

Our Services Include:

• Free Case Evaluation: Review your situation and suggest a recovery path.
• Chargeback Assistance: Help initiate card disputes to reclaim funds.
• Crypto Recovery: Specialized support for victims of cryptocurrency fraud.
• Legal Guidance: Access to trusted partners for filing formal fraud complaints.

We provide personalized support and step-by-step help to increase your chances of recovering lost funds.

About Scams Report

Scams Report is an independent organization that exposes online investment frauds and helps victims recover lost money. Our experts have over a decade of experience tracking scam websites and maintaining a live database of fraudulent brokers.

We publish verified scam alerts, broker reviews, and recovery resources to protect traders worldwide and promote financial awareness.

FAQ

1. Is the Frax Trade a fraud?

Yes. Frax Trade Broker operates without a verified license and shows multiple red flags, including withdrawal complaints and misleading claims.

2. Can I get my money back from Frax Trade?

Possibly. If you paid using a credit card or cryptocurrency, recovery options such as chargebacks or crypto tracing may be available. Contact Scams Report for a free review.

3. How do I confirm if a broker is regulated?

Check the regulator’s official website (e.g., FCA, ASIC, CySEC) using the broker’s license number. If no record exists, the broker is unregulated.

4. What are the dangers of unregulated brokers?

They can freeze your funds, alter trades, or disappear entirely with no legal accountability or protection for investors.

5. How can I protect myself against online fraud?

Only invest with licensed brokers, read independent reviews, and avoid platforms promising guaranteed profits or unrealistic returns.

Our Social Pages

Scams Report Facebook 

Scams Report Twitter

Disclaimer: Online reports, user reviews, and publicly accessible data served as the foundation for this analysis. It is meant to be educational. Before investing with any broker, always do extensive research.