Trade1FX has been flagged by Financial Conduct Authority 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.
I found Trade1FX when my bank disappointed me and I searched for alternatives and the initial impression was positive. But since the beginning of the year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Low minimum deposit|Easy to use platform
Cons: Onboarding videos are outdated
After for the past six months with Trade1FX I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Competitive fees|Fast execution|Regular platform improvements|Responsive team
Cons: Website design could be more modern|Mobile app could be improved
I had a dispute with Trade1FX and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Multi-currency support|High security standards|Economic calendar|Helpful community forum
Cons: Minimum deposit could be lower
I was contacted by Trade1FX through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
The platform itself is okay, but the customer service at Trade1FX is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Stable platform|Intuitive for beginners
Cons: Could offer more webinars|Minimum deposit could be lower
I was about to invest with Trade1FX but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
My withdrawal request from Trade1FX 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: Instant funding|Two-factor authentication|Market news feed|Tax reports included
Cons: Mobile app could be improved|Some tools only available on higher tiers