Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighBoth licences confirmed (ASIC 337985 current, VFSC 40256 active), but non-Australian clients sit under the weak Vanuatu licence and Japan's FSA has warned that entity for unregistered solicitation.
Identity & transparency
3/10 · LowEntities, numbers and addresses disclosed and matched on ASIC, ABN Lookup, the VFSC list and GLEIF; the Vanuatu company sits at a registered-agent address shared with other brokers.
Withdrawals & conduct
6/10 · HighRecurring reports of profits cancelled or withdrawals held after internal reviews (2022 to 2026, two platforms, specific amounts), offset by working payouts, broker replies and at least one settlement.
Reputation
6/10 · HighTrustpilot rating suspended after fake reviews were removed; split 77% five-star and 15% one-star profile; one regulator warning (Japan), no enforcement against the firm found.
Website claims
4/10 · ModerateLicensing page is candid about the Vanuatu entity's weaker protection, but marketing leans on 'Global Regulated Broker' and presents the firm's own indemnity insurance as customer protection.
Operational history
2/10 · LowLicence holder registered May 2009 and licensed August 2009; retail brand active since 2014 as Rubix FX, renamed FXTRADING.com in 2020.
Who they are
A quick desk file on the company behind the brand.
- Brand: FXT, formerly FXTRADING.com, and Rubix FX before February 2020.
- Legal entity: Gleneagle Securities (Aust) Pty Limited (ACN 136 930 526) for Australian residents. Gleneagle Securities Pty Limited (Vanuatu company 40256, LEI 254900O3TWYWHAB0LI75) for everyone else. The brand owner is FXTRADING.COM PTY LTD (ACN 620 052 548), an ASIC authorised representative (no. 001285844).
- Registered: Level 27, 25 Bligh Street, Sydney NSW 2000 (Australian licensee). 1st Floor, Govant Building, Kumul Highway, Port Vila, Vanuatu (Vanuatu company, a registered-agent address that other brokers also use).
- Website: fxtrading.com, with the client area at my.fxtrading.com.
- Licences: ASIC AFSL 337985, current since 31 Aug 2009. VFSC financial dealers licence 40256, active, licence dated 6 Jan 2023.
- Offers: CFDs on forex, metals, indices, shares, energies and crypto on MT4, MT5 and its own app. Leverage up to 1:2000 through the Vanuatu entity.
- Not accepted: USA, Ontario, North Korea, Iran and New Zealand. Japan is not excluded, even though Japan's regulator has warned the firm.
- Age claim: Established in 2014. The licence holder dates from May 2009 and the predecessor domain rubixfx.com from April 2014, so the claim holds up.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Australian Securities and Investments Commission (ASIC)
Vanuatu Financial Services Commission (VFSC)
Why we reached this verdict
How the evidence adds up.
FXT is a genuine, licensed broker, so this is not a scam verdict. We rate it high risk for three reasons: the company most clients actually deal with, what Japan's regulator has said about that company, and a recurring type of payout dispute. Weighted across our six risk areas, that comes to 49%.
- The identity checks out. ASIC's register lists FXTRADING.COM as a business name of Gleneagle Securities (Aust) Pty Limited, licence 337985, current since 31 August 2009. The licence permits dealing in and making a market for derivatives and FX for retail clients. Its Sydney address matches the one FXT publishes.
- Protection depends on where you live. FXT's licensing page says non-Australian residents are served by Gleneagle Securities Pty Limited in Vanuatu. The VFSC lists that company as an active licensee. FXT itself says the Vanuatu framework has no statutory compensation scheme, and the 1:2000 leverage it advertises is only available through that entity.
- A regulator warning. On 25 April 2025 Japan's Financial Services Agency listed Gleneagle Securities Pty Limited as an unregistered firm soliciting OTC derivatives to Japanese residents online. The listing names FXTRADING.com and FXT as its service names. This is a breach of where the firm may sell, not a fraud finding, and the same list names many large offshore brokers.
- A payout dispute pattern. Different clients on Trustpilot (2022, 2023, 2026) and BrokersView (2025) describe profits cancelled, trades voided or withdrawals held after an internal review. Some reports are specific, such as an account number and about AUD 50,000 held. But they are few and spread over four years, so the pattern is real but not systematic.
- Review integrity. Trustpilot says it removed fake reviews for FXT and shows no rating. It does not say who posted them.
- A long record. The licence holder was registered in May 2009. The retail brand has traded since 2014, first as Rubix FX, then as FXTRADING.com from February 2020, and now as FXT.
Evidence ledger
Every finding, with its source and how strongly it points.
E1ASIC's register lists Gleneagle Securities (Aust) Pty Limited, AFSL 337985, as CURRENT since 31 Aug 2009, with principal place of business L 27 25 Bligh St Sydney NSW 2000 (the address FXT publishes). FXTRADING.COM has been its registered business name since 11 Mar 2019. Conditions as at 28 Jul 2026 allow dealing in and making a market for derivatives and foreign exchange contracts for retail and wholesale clients. AFCA member 14573.
E2The same ASIC entry lists FXTRADING.COM PTY LTD as a current authorised representative, no. 001285844, since 22 Apr 2024 (and earlier from 9 Mar 2021 to 18 Apr 2024), matching the CAR number in FXT's footer.
E3The VFSC Financial Dealers Licensee List shows Gleneagle Securities Pty Limited, company number 40256, licence classes A, B and C, status Active, licence date 6 Jan 2023. FXT names this entity as the one serving all non-Australian residents. FXT publishes no VFSC verification link.
E4Japan's Financial Services Agency lists Gleneagle Securities Pty Limited among firms warned for unregistered business (April 2025; IOSCO I-SCAN warning 37465 dates it 25 Apr 2025). The listing covers soliciting OTC derivatives to Japanese residents over the internet without registration. It names the service as FXTRADING.com, FXTRADING or FXT and gives the two Port Vila addresses printed in FXT's footer; no website is named. This is a finding about selling outside its licences, not a fraud finding.
E5fxtrading.com offers a Japanese-language version of its pages. Its restricted-countries list (USA, Ontario, North Korea, Iran, New Zealand) does not exclude Japan, which is consistent with the Japanese warning.
E6Trustpilot one-star reviews include four fund-related reports: a USD 600 profit stopped on account 872904 (Jun 2022); about AUD 50,000 held and all trades voided after a swap-rate investigation, later settled (Apr 2023); a withdrawal marked completed but not received after seven trading days (Sep 2024); payouts repeatedly rejected (Jul 2026). The other one-star reviews concern spreads, swaps, verification and support. FXT replies to each.
ModerateTrustpilot (fxtrading.com page)E7A BrokersView post dated 3 Mar 2025 says FXT refused to release the poster's profits and held back the principal unless the profits were given up. It describes the same failure as the Trustpilot reports, from a different user on a different platform.
ModerateBrokersViewE8Trustpilot shows a breach-of-guidelines warning for FXT: the rating is unavailable and Trustpilot says it removed a number of fake reviews, without saying who wrote them. The remaining 185 reviews split 77% five-star and 15% one-star. One reviewer says staff phoned repeatedly asking for a negative review to be withdrawn.
ModerateTrustpilotE9Several reviews describe working payouts, for example deposits and withdrawals completed on time over a couple of years, and next-day crypto withdrawals (both Jul 2026). FXT answers complaints publicly.
WeakTrustpilotE10ABN Lookup shows Gleneagle Securities (Aust) Pty Limited, ABN 58 136 930 526, active from 5 May 2009, with the business name fxtrading.com registered from 11 Mar 2019.
E11ASIC's company register data shows Gleneagle Securities (Aust) Pty Limited (ACN 136 930 526) registered on 5 May 2009 and still registered. FXTRADING.COM PTY LTD (ACN 620 052 548) was registered on 27 Jun 2017.
E12GLEIF's record for LEI 254900O3TWYWHAB0LI75 shows Gleneagle Securities Pty Limited, Vanuatu company 40256, formed 19 Apr 2017 and active, at C/O Paul De Montgolfier Et Associes Limited, Govant Building, Port Vila. GLEIF marks the record fully corroborated against the Vanuatu registry. This proves the company exists; it is not a licence.
ModerateGLEIFE13Domain records show rubixfx.com, the predecessor brand's site, was registered on 17 Apr 2014, which supports FXT's 'established in 2014' claim. fxtrading.com dates from 22 May 2002 but was bought by the group at its 2020 rebrand.
ModerateRDAP (Verisign registry)E14FXT's own press release of 17 Feb 2020 says Rubix FX, a trading name of Gleneagle Securities (Aust) Pty Limited (AFSL 337985), was renamed FXTRADING.com and that the firm had acquired the premium domain. It says the brand operates under both the ASIC entity and Gleneagle Securities Pty Limited (Vanuatu company 40256).
E15FXT's Android app on Google Play is published by GLENEAGLE SECURITIES (AUST) PTY LIMITED, the ASIC licence holder, and has more than 10,000 downloads.
ModerateGoogle PlayE16fxt-chn.org, listed in our records, now redirects to fxtwer.org (registered 27 Aug 2026). fxtwer.org is a Chinese-language copy of FXT's site whose client area, my.fxt-crm.org, runs the same platform build and tracking accounts as my.fxtrading.com. FXT does not publish these domains.
E17The UK FCA warns about FX Trading Limited (fxt-tradingltd.com, fxtrading.ltd, with a London address), a different operation with a similar name. It is not FXT, but it shows that look-alikes exist.
E18FXT's client protection page presents its professional indemnity insurance (AUD 500,000 aggregate, AUD 200,000 deductible per claim) under 'Customer Protection'. The policy protects the firm against claims and does not guarantee client deposits.
E19IOSCO I-SCAN keyword searches for fxtrading and Gleneagle return no alert naming fxtrading.com or FXT's entities other than the Japanese warning. The other results concern unrelated names or domains.
WeakIOSCO I-SCAN
The other side
The strongest case in this broker’s favour.
The strongest case for FXT is a solid one, and we give it real weight.
- FXT is part of an Australian financial group licensed by ASIC since 2009. The group has an office in central Sydney, a named auditor on the ASIC record and AFCA membership.
- The brand name is formally registered to the licence holder, and the Google Play app is published under the licensed company's own name.
- FXT discloses both entities, their numbers and addresses. It also states plainly that the Vanuatu framework offers weaker protection, which many offshore brokers never admit.
- The Japanese warning is about lacking a local registration. Japan's FSA issues such warnings to many well-known offshore brokers, and the warning does not say that clients lost money.
- A broker's terms can lawfully allow profit cancellations when trades exploit pricing errors. FXT says that is what happened in the disputed cases, and it settled at least one of them.
- Plenty of clients report withdrawals arriving on time, including next-day crypto payouts.
What would change this
What we would need to see to revise the verdict.
These findings would move our rating, in either direction.
- Lower risk: FXT obtains a Japanese registration, or stops Japanese-language marketing and is removed from the FSA list. International clients are onboarded under a stronger regulator than the VFSC. Trustpilot restores the rating. AFCA or court outcomes show the profit disputes were decided in FXT's favour.
- Higher risk: New regulator warnings or enforcement against Gleneagle Securities in other countries. A cluster of withdrawal refusals within a short period. Any demand for extra fees before funds are released. ASIC suspends or cancels licence 337985.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
ASIC register: AFSL 337985
Gleneagle Securities (Aust) Pty Limited: status, the FXTRADING.COM business name and licence conditions
VFSC Financial Dealers Licensee List
Lists Gleneagle Securities Pty Limited, no. 40256, as an active licensee
Japan FSA list of unregistered firms
Includes Gleneagle Securities Pty Limited (FXTRADING.com, FXT), warned April 2025
IOSCO I-SCAN warning 37465
English summary of the Japanese warning with the firm's Port Vila addresses
FXT regulation and licensing page
The broker's own disclosure of which entity serves which clients
ABN Lookup: Gleneagle Securities (Aust) Pty Limited
Australian business register entry showing the fxtrading.com business name
Trustpilot reviews of fxtrading.com
Client reviews; the rating is suspended after fake reviews were removed
Frequently asked questions
Quick answers about this broker’s safety.
Is FXT (FXTRADING.com) a scam?
No. FXT is a real broker run by the Australian Gleneagle group, licensed by ASIC in Australia and by the VFSC in Vanuatu. We still rate it high risk (49%), mainly because non-Australian clients deal with the Vanuatu company and Japan's regulator has warned that company.
Is FXT a fraud?
We found no evidence of fraud. We found no enforcement action, court case or regulator finding of fraud against Gleneagle Securities or FXTRADING.COM PTY LTD. The only regulator warning, from Japan's Financial Services Agency, is about soliciting Japanese residents without a Japanese registration.
Is FXT regulated?
Yes. ASIC licence 337985, held by Gleneagle Securities (Aust) Pty Limited, is current and allows dealing and market-making in derivatives and FX for retail clients. Gleneagle Securities Pty Limited also holds an active VFSC financial dealers licence in Vanuatu, company number 40256.
Which company will hold my money at FXT?
It depends on where you live. FXT's licensing page says Australian residents are served by Gleneagle Securities (Aust) Pty Limited under ASIC, and all other clients by Gleneagle Securities Pty Limited in Vanuatu. Check the entity named in your account agreement before you deposit.
Is my money safe with FXT?
Australian clients get ASIC conduct rules and access to the AFCA complaints scheme. Clients of the Vanuatu entity have no statutory compensation scheme, which FXT itself acknowledges. The insurance FXT advertises is professional indemnity cover for the firm (AUD 500,000 aggregate), not a guarantee of your deposit.
Can I withdraw my money from FXT?
Many clients report normal withdrawals, including next-day crypto payouts. However, several clients between 2022 and 2026 reported profits cancelled or withdrawals held after an internal review, usually on the grounds that they broke trading rules. Read the trade-cancellation and abusive-trading clauses before you trade.
Why did Japan's regulator warn FXT?
In April 2025 Japan's Financial Services Agency listed Gleneagle Securities Pty Limited for soliciting OTC derivatives to Japanese residents online without registration. The listing names FXTRADING.com, FXTRADING and FXT as its service names. FXT runs a Japanese-language site and does not list Japan as a restricted country.
Who owns FXT and how long has it been around?
FXT belongs to the Gleneagle group in Sydney. The ASIC licence holder was registered on 5 May 2009 and licensed on 31 August 2009. The retail brand started as Rubix FX (its domain dates from April 2014), became FXTRADING.com in February 2020 and now uses the name FXT.
What is a VFSC licence worth?
The VFSC is an offshore regulator. The licence is real and FXT's Vanuatu company is on its list, but supervision is light, there is no investor compensation scheme and very high leverage is allowed (FXT offers up to 1:2000). FXT's own licensing page says the framework lacks the protections of stronger regulators.
Is fxtrading.com a clone?
No. fxtrading.com is the genuine site: ASIC records FXTRADING.COM as a registered business name of the licence holder, and the Google Play app is published by the same company. Look-alikes do exist, such as FX Trading Limited (fxt-tradingltd.com, fxtrading.ltd), which the UK FCA has warned about and which is not FXT.
Why does FXT have no Trustpilot rating?
Trustpilot shows a breach-of-guidelines warning and says it removed a number of fake reviews for FXT, so it no longer displays a score. It does not say who wrote the fake reviews. Of the 185 reviews left, 77% are five-star and 15% one-star.
What should I do if FXT refuses my withdrawal?
Ask FXT in writing for the specific trades and rule it relies on, and keep screenshots of your account. Australian clients can take the dispute to AFCA; clients of the Vanuatu company can complain to the VFSC. Be wary of recovery services that charge upfront fees, including one promoted in a review on FXT's Trustpilot page.
What should I check before depositing with FXT?
Confirm which entity you are contracting with and whether your country allows FXT to serve you (Japan does not). Check the leverage you are offered and the clauses on cancelling trades. Use only fxtrading.com and my.fxtrading.com.
What we recommend
The practical takeaway from everything above.
If you are thinking of opening an account, check which company you would be dealing with before you deposit.
- Australian residents: confirm that your counterparty is Gleneagle Securities (Aust) Pty Limited, AFSL 337985. Disputes can go to AFCA (member 14573).
- Everyone else: you would deal with the Vanuatu company. Treat it as offshore protection, keep deposits small and withdraw profits regularly.
- Residents of Japan should note the FSA warning: the firm is not registered to serve you.
- Read the terms on trade cancellation and abusive trading before you use scalping, news trading or arbitrage-style strategies.
- Use only fxtrading.com and my.fxtrading.com. Look-alikes exist, such as FX Trading Limited (fxt-tradingltd.com, fxtrading.ltd), which the UK FCA has warned about and which is not FXT.
- If a withdrawal is refused, ask in writing for the specific trades and rule cited, then complain to the regulator of the company you contract with.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 21, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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