Broker Review

Unauthorised firm details

Name: Frax Trade

Website: www.frax-trade.com

Frax-Trade (frax-trade.com) is already showing several hallmarks of a high-risk platform. Financial regulators such as the UK’s Financial Conduct Authority and the Bank of Russia have published warnings stating that it is not authorised to provide investment or trading services. That means it is operating without the oversight, client-money protections or dispute mechanisms that regulated brokers are required to offer. When a company is flagged this way, you lose the safety net of compensation schemes or formal complaints processes if something goes wrong.

Across review platforms the same complaints surface again and again. People say it was easy to open an account and make deposits but much harder to get money back out. Withdrawals are delayed or blocked, customer service stops responding, and the tone of communication changes once larger amounts have been deposited. Others report pushy sales tactics and promises of guaranteed returns that never materialise. A few positive reviews exist, but even they often read like marketing copy rather than real user experiences.

Taken together – the lack of licensing, the presence on official warning lists and the repeated user reports of blocked withdrawals – this is a strong sign that Frax-Trade should be treated as a very high-risk operation. If you are thinking about using it, do not send large sums.

If you have trouble accessing funds – The key is to act quickly. The sooner you seek help or report the situation, the higher the chances of protecting your money. Even in situations where a broker is flagged or unlicensed, taking informed steps can make a real difference.