Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalNo licence from any financial regulator; only a Saint Vincent company number, and Saint Vincent does not regulate forex or CFD brokers. Deposits taken with no oversight.
Identity & transparency
8/10 · CriticalOffshore shell at a mass-registration address, undisclosed ownership, a second Montenegro address, and a company number presented as if it were a credential.
Withdrawals & conduct
7/10 · HighConsistent fund-integrity complaints across review sites (withdrawals refused, pressure to deposit more, Bitcoin-only funding); pattern credible but not fully source-verified, and the site now looks dormant.
Reputation
8/10 · CriticalOverwhelmingly negative coverage on multiple scam-review sites plus a reported Singapore regulator alert; no credible positive track record found.
Website claims
7/10 · HighPresents a generic tech-provider facade over a CFD trading operation and historically claimed platforms it did not genuinely offer; no honest disclosure of its unregulated status.
Operational history
3/10 · LowDomain from 2018 and company from 2017, so the shell is genuinely several years old, which slightly lowers risk on age alone; offset by the now-degraded, dormant state.
Who they are
A quick desk file on the company behind the brand.
- Brand: TradeX Prime
- Legal entity: TradeX Prime Ltd
- Registered: Suite 305, Griffith Corporate Center, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines (a known mass-registration address). A second address is listed in Podgorica, Montenegro.
- Company number: 24192 BC 2017 (a Saint Vincent business company registration, not a licence)
- Website: tradexprime.com (the security certificate on the www address has expired)
- Only licence: None. No financial regulator supervises this firm.
- Offers: Leveraged CFD and forex-style trading; deposits reported as Bitcoin only
- Not accepted: Residents of many countries including the USA, United Arab Emirates and Singapore
- Age claim: Company and domain date to 2017 and 2018, so the shell is old, but the current site appears largely dormant
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
None (Saint Vincent and the Grenadines company registration only)
Why we reached this verdict
How the evidence adds up.
We reached a likely-scam verdict because the warning signs point the same way from several directions.
- No regulation, by design. The firm is registered only as a Saint Vincent and the Grenadines company. The Saint Vincent regulator has stated publicly that it does not license or supervise forex and CFD brokers, so there is no oversight and no compensation scheme behind this operation.
- Bitcoin-only deposits. Independent reviews report that the only funding channel was Bitcoin. Crypto-only funding at an unlicensed broker removes the chargeback and banking trail that protects clients.
- Withdrawal complaints. Several review sites describe the same failure: clients could not get their money out, and were pushed to deposit more. That is the withdrawal-trap pattern.
- Regulator alert. The brand is reported on Singapore's Monetary Authority Investor Alert List. We could not open that list ourselves on the day of this review, but the broker's own site now refuses Singapore residents, which is consistent with a Singapore warning.
- Shell markers. The registered office is a well-known mass-registration address in Kingstown used by many offshore trading shells.
Note on operating history: the 8.6-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The broker's own risk disclosure and footer identify it as TradeX Prime Ltd of Saint Vincent and the Grenadines offering leveraged CFD trading, with a company number (24192 BC 2017) and no regulator named. An unlicensed deposit-taking CFD operation.
E2The domain tradexprime.com was registered on 22 January 2018 (GoDaddy, Cloudflare nameservers) and renewed through January 2028. The operation's shell is several years old, not brand new.
ModerateVerisign RDAP (.com registry)E3The homepage now presents TradeX Prime as a generic apps, CRM and back-office software provider, while the same page's footer and risk page still carry the CFD trading disclaimer and the Saint Vincent trading entity. The trading operation is masked rather than removed.
ModerateTradeX Prime homepageE4The broker's own site refuses service to residents of Singapore (among others), consistent with the widely reported Singapore MAS Investor Alert List entry for the TradeX Prime Ltd name.
E5Independent scam-review coverage reports Bitcoin-only deposits, refused withdrawals, funds pooled without segregation, a false registration claim, and calls pressuring clients to deposit more. The classic withdrawal-trap pattern.
StrongValforex broker review
The other side
The strongest case in this broker’s favour.
In fairness, we looked for the innocent explanation before concluding.
- Is it a real regulated group? No. The firm names no regulator and shows only a Saint Vincent company number, which is not a licence.
- Is it just a low-tier offshore broker, not a scam? Offshore licensing alone would be risk, not fraud. But here there is no licence at all, deposits were crypto-only, and there is a consistent pattern of refused withdrawals, which goes beyond ordinary offshore risk.
- Is the regulator warning about a different firm? Several unrelated firms use a similar 'Tradex' name and carry separate UK warnings. We did not attribute any of those to this operation. The Singapore listing is tied to the TradeX Prime Ltd name, and the site itself blocks Singapore residents.
- Is the company genuinely old and established? The company and domain do date back to 2017 and 2018, so the shell is not new. But the public site is now hollowed out, and age does not offset an unlicensed operation with withdrawal complaints.
What would change this
What we would need to see to revise the verdict.
We would revisit this verdict if the facts changed.
- A genuine, current licence from a recognised financial regulator, verifiable on that regulator's own register under this exact entity and domain.
- Clear evidence of the Singapore alert being withdrawn, or confirmation that no such alert ever named this entity.
- A consistent record of clients being paid out in full, with normal bank and card funding rather than crypto-only.
- Removal of the mass-registration shell structure in favour of a supervised, transparent operator.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Frequently asked questions
Quick answers about this broker’s safety.
Is TradeX Prime a scam?
It shows every hallmark of a scam and we rate it likely-scam. It is unlicensed, took deposits in Bitcoin only, and multiple review sites report refused withdrawals. Avoid it.
Is TradeX Prime regulated?
No. It is registered only as a Saint Vincent and the Grenadines company, which is not a financial licence. No recognised regulator supervises it, and Saint Vincent does not license forex or CFD brokers.
Can I withdraw my money from TradeX Prime?
Independent reviews repeatedly report that withdrawals were refused or ignored and that clients were pushed to deposit more. There is no evidence of reliable payouts.
Is my money safe with TradeX Prime?
No. There is no regulator, no compensation scheme, and no segregation of client funds that we could verify. Deposits are at high risk.
Who owns TradeX Prime?
The operating entity is TradeX Prime Ltd, a Saint Vincent business company (No 24192 BC 2017) registered at a mass-registration office in Kingstown, with a second address listed in Podgorica, Montenegro. Beneficial ownership is not disclosed.
How old is TradeX Prime?
The company registration dates to 2017 and the domain to January 2018, so the shell is several years old. However, the public website now appears largely dormant.
What is the TradeX Prime licence worth?
There is no licence, only a company registration. A Saint Vincent incorporation number gives clients no protection and is not financial regulation.
Is TradeX Prime on any regulator warning list?
The brand is reported on Singapore's MAS Investor Alert List. We could not open that list on the day of this review, but the broker's own site now blocks Singapore residents, which is consistent with a Singapore warning.
Is TradeX Prime a clone of a known broker?
We found no evidence that it impersonates a specific regulated firm. Several unrelated firms share a similar 'Tradex' name, but we did not link those to this operation.
Why does the website look like a software company now?
The homepage has been rewritten to present TradeX Prime as a generic apps, CRM and back-office provider. The footer and risk page still carry the CFD trading disclaimer and the Saint Vincent trading entity, so the trading operation is being masked rather than replaced.
I was scammed by TradeX Prime. What should I do?
Stop sending money, especially any fee to 'release' funds. Gather your records, ask your bank about a chargeback or recall if you paid by card or transfer, and report the case to your national regulator and police. Avoid upfront-fee recovery services.
What should I check before depositing with any broker?
Confirm a real licence on the regulator's own public register under the exact company and website, check for warning-list entries, prefer bank or card funding over crypto-only, and read independent reviews for withdrawal complaints.
What we recommend
The practical takeaway from everything above.
Treat this broker as unsafe for deposits.
- Do not send money, and do not add funds to 'unlock' a withdrawal. A demand to pay a fee or tax before you can withdraw is itself a scam signal.
- If you have funds with them, request a full withdrawal in writing and keep records of every message and transaction.
- If you deposited by card or bank transfer, ask your bank about a chargeback or recall. Crypto payments are usually not reversible.
- Report the case to your national financial regulator and to the police or an official fraud reporting service.
- Be wary of anyone who contacts you promising to recover your money for an upfront fee. That is a common follow-up scam.
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 August 17, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.