SafeTradeFX Review – An Investment SCAM!

Welcome to our SafeTradeFX Review in which we investigate the website currently found at safetradefx.com.


Lost Money to a Scam? Make Sure to Check Our Recommended Scam Recovery Services

Yesterday, February 15, 2023 we received the following complaint from a person who claims losing more than $65K:

My wife initially opened a Bulk Assets Account with Safetradefx, as advertised on their website. However, after she made the deposit, they informed us that it was now a Fixed Deposit Trading Account, with a monthly deposit of $3000. We immediately informed them that this was not feasible for us, but continued to make deposits to keep the account current while waiting for them to change it back.

Unfortunately, after a few months, we were no longer able to keep up with the deposits, and we requested to close the account and withdraw our assets. Safetradefx then started adding different fees that we had to pay, but we still have not been able to withdraw our funds.

So is SafeTradeFX legit or a SCAM?

SafeTradeFX Review - Screenshot of safetradefx.com


Want to be kept updated regarding scams?

Get instant emails when we publish new scam warnings!


SafeTradeFX Review

The domain safetradefx.com was registered on October 11, 2021 for 2 year though OwnRegistrar, Inc., but has been updated on October 8, 2022. It is hosted by OVH SAS.

It has no SimilarWeb page, which indicates it’s not getting much traffic, and has a 0% Semrush Authority Score and a few backlinks, but none from any trustworthy websites.

SafeTradeFX is an international forex broker that offers trading in more than 60 financial derivatives, including forex, cryptocurrencies, and loans. The broker claims to provide capital security, low spreads, and a stable trading environment.

CNCIntel Banner

They offers investment options for anyone, regardless of their previous investing experience. Investors can choose to trade on their own or let the company automate their investment portfolios. SafeTradeFX’s trading service is open 24/5, and they guarantee capital security with their automated stop-loss systems.

The company encourages potential investors to use their live chat to learn more about their services and get started investing to make significant profits.

The website lists several investment plans with minimum deposit requirements and estimated daily profits. The investment packages offered by SafeTradeFX include Basic Plan, Elite Plan, Deluxe Plan, Platinum Plan, Fixed Deposit Trading Account, and Bulk Assets Account.

Each plan requires a minimum deposit, ranging from $500 to $30,000, and promises a minimum daily estimated profit of 65-70%. Stop Loss and Take Profit limits are set for each plan, and some plans offer a gift bonus. The plans vary in their duration, ranging from 7 to 35 days. However, the maximum possible deposit for the Fixed Deposit Trading Account and Bulk Assets Account are not provided.

The page features several testimonials and awards.

The broker has service centers in different countries, including the US, UK, Seychelles, China, United Arab Emirate – Dubai, and Malaysia.

The website also mentions that all live trading accounts through SafeTradeFX brands are FDIC insured.


Want to be kept updated regarding scams?

Get instant emails when we publish new scam warnings!

CNCIntel Banner

Is SafeTradeFX a Scam?

Based on the safetradefx.com, it is difficult to determine whether SafeTradeFX is a scam or not.

ZenGo Wallet Banner

On one hand, the broker claims to offer “capital security” and an “excellent and stable trading environment,” as well as low spreads and 24/7 client support.

On the other hand, some of the investment plans offered on the website, such as the high daily estimated profits and the lack of information on the maximum deposit amounts for certain plans, could be red flags.

In addition, the website also offers loans, which is not a typical service offered by forex brokers. The lack of transparency regarding the loan terms and conditions raises questions about the legitimacy of this service.

It is also unclear whether SafeTradeFX is regulated by any reputable financial authorities.

Several pages on the website seem very suspicious and sketchy. For example, there’s a page titled “Dunisani Withdrawal,” which says “Withdrawal Form successfully submitted; but, fund transfer cannot be initiated. Please contact your trade manager now… Thank you!”

Also, there’s a page titled “Low Data,” which repeats a few times the sentence “Low Data please subscribe now!”

There’s also a page titled “Abigail Roberts,” which looks like a client dashboard with the total deposit, profit ($300), total balance, and other information.

Finally, there’s a page titled “Withdrawal 2,” which says “Request P2P Withdrawal” and “$15,000.00 / One Time Generation” and shows an image of a progress bar stuck at 82%. If you click on “Request P2P Withdrawal,” you are lead to a page titled “Buy P2P Access,” which says “Secure Your P2P Withdrawal Access” and “Contact Your Trade Manager Immediately…” And repeats this warning a few times.

Safe Trade FX Withdrawal Screen

CNCIntel Banner

Also, their Copyright line on some of the pages is “©Copyright 2020 Safe Trade Fx,” so it seems they have not updated that.

On the homepage the Copyright line is

© 2021 SafeTradeFX Financial, Inc., All Rights Reserved. © 2021 SafeTradeFX, All Rights Reserved. © 2021 SafeTradeFX Invest LLC. Member FINRA & SIPC. All Rights Reserved. © 2021 Axos Invest, Inc.

We could not find them on the FINRA and SIPC websites, however we didn find an AXOS INVEST LLC from LAS VEGAS, NV on SEC and SIPC, however Axos Invest’s website is axos.com and not safetradefx.com.

According to WikiFX, Safe Trade FX is a Chinese company rated 1.01/10 with a suspicious regulatory license and a suspicious scope of business, however there is no comments about them.


Want to be kept updated regarding scams?

Get instant emails when we publish new scam warnings!


Bottom Line

While SafeTradeFX claims to be a global forex broker with offices in several countries, offering over 60 financial derivatives including forex, cryptocurrencies, and loans to clients worldwide, which prioritizes trust in trading and provide capital security, low spreads, and a stable trading environment, we have found disturbing red flags that suggest that they are nothing but a SCAM.

Overall, it is recommended to exercise caution when dealing with SafeTrade FX or any other broker that makes high-profit claims and lacks transparency regarding its operations and regulatory status.

If you have been scammed by Safe Trade FX, or if you have any information about them, please let us know by commenting below.

CNCIntel Banner

And if you have lost a significant amount of money to online scams, do not lose hope. We can help you recover your funds!


Lost Money to a Scam? Make Sure to Check Our Recommended Scam Recovery Services

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *