TransX Markets Review | Scam Alert by Enverra Capital

TransX Markets presents itself as an online broker offering access to international markets with a range of financial products, and it asserts that it is owned and run by Trans X Market Limited. According to this TransX Markets review, the company is based in St. Lucia and is registered with the Financial Services Registry. It provides Forex, commodities, stocks, and indices. A deeper examination reveals several warning flags about TransX Markets’ validity, though, raising doubts about its ability to be trusted with investors’ money.

TransX Markets Website – https://transxmarket.com/

Address – WHP2-Block-A Commercial Plot Number -13_0 Land Area-Saih Shuaib-3 DIC, Dubai, UAE

Warning – Not Recommended By Review Website Like Enverra Capital

Domain Age –

Domain Name: TRANSXMARKET.COM
Registry Domain ID: 2792687107_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.squarespace.domains
Registrar URL: http://domains2.squarespace.com
Updated Date: 2024-06-25T20:47:04Z
Creation Date: 2023-06-23T09:43:18Z
Registry Expiry Date: 2025-06-23T09:43:18Z

Lack of Proper Licensing

Despite having registration with the International Financial Centre (IFC) in Saint Lucia, Trans X Market Ltd does not possess a license to engage in forex trading or brokerage services. St. Lucia’s financial regulator, the Financial Services Regulatory Authority (FSRA), does not license or regulate forex trading within the country. Therefore, TransX Markets’ claim of being authorized is misleading. Without any legitimate financial license, the broker’s operations in forex and other financial instruments are not properly regulated.

Unregulated and Unsafe

The biggest concern with TransX Markets is the lack of regulation by recognized financial authorities. Reputable brokers are usually regulated by well-known authorities such as the FCA (UK), ASIC (Australia), or CySEC (Cyprus), which enforce strict rules to protect traders’ funds and ensure transparency. In the case of TransX Markets, there is no regulatory oversight, leaving investors vulnerable. Without any regulatory protection, there is no guarantee that your money is safe with this broker.

Risk of Losing Your Funds

By choosing an unregulated broker like TransX Markets, traders expose themselves to significant risk. If the broker goes under, disappears, or refuses to return clients’ funds, there is no legal recourse. Investors should always prioritize brokers that are licensed and regulated, assuring that their investments are safeguarded under financial protection laws.

TransX Markets Review Conclusion

The misleading claim of being regulated in St. Lucia and the lack of proper licensing make it an unsafe choice for anyone looking to trade in the financial markets. It is advisable to avoid such brokers and opt for regulated platforms that offer transparency and security for traders’ funds.

Are you a victim of TransX Markets fraudulent broker? Get help and a Free Consultation for Recovering lost funds.

If you are a victim of a fraudulent broker like TransX Markets, you may feel helpless and frustrated. However, there are steps you can take to report the deception and get assistance to recover your lost funds. Here are some things you can do:

File a complaint report against TransX Markets. This can help to bring attention to the deception and potentially prevent others from falling victim to it in the future.
Contact us. We can work with you to navigate the complex process of recovering your lost funds and help you get your money back.
Stay vigilant and do your research before investing with any broker in the future. Look for forex brokers list, reviews, and ratings from other investors, and be wary of any broker that promises unrealistic returns or seems too good to be true.