fxtrade.app has been flagged by Cyprus Securities and Exchange Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: fxtrade.app.
I had high hopes for fxtrade.app through a podcast recommendation, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Comprehensive tools|Personal attention|Social trading features
Cons: Onboarding videos are outdated
My withdrawal request from fxtrade.app has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Excellent charting|Wide product range|API access
Cons: Limited ETF selection
I have been trying to close my account with fxtrade.app for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Helpful community forum|Full transparency|Reliable uptime
Cons: Wait times can be long during peak hours|Cannot customize dashboard fully
If you are reading this considering fxtrade.app - run. I wish I had read more negative reviews after attending a webinar they hosted. I thought the positive ones were real. Maybe some are. My experience over for about eight months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Quick verification|Portfolio tracking tools
Cons: Wait times can be long during peak hours
fxtrade.app advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Professional team|Real-time alerts
Cons: Help articles are sometimes vague