7 Critical Red Flags Why GetradesFX.pro is a Scam Broker & Should Not Be Trusted
7 Critical Red Flags Why GetradesFX.pro is a Scam Broker & Should Not Be Trusted
1) FCA Warning — Unauthorised and Unregulated in the UK
On September 10, 2025, the UK’s Financial Conduct Authority (FCA) published a warning about GetradesFX.pro. The FCA states that this firm is not authorised or registered to provide financial services in the UK. Individuals dealing with them risk working with a company offering investment or trading services without oversight.
This means UK consumers cannot use the Financial Ombudsman Service to complain, nor rely on the Financial Services Compensation Scheme (FSCS) if things go wrong. The firm may also be in breach of UK law for offering services without proper permission
2) Uniformly Negative Customer Reviews on Trustpilot
On Trustpilot, GetradesFX has three reviews, and all are 1-star. The reviews claim: lost funds, failed recoveries, and broken promises. No positive or mixed reviews are visible.
One reviewer says “Recovering all I lost”, another says funds were taken and promises were insincere. These are classic testimonials of fund loss & withdrawal failure controversies.
3) Watchdog Site Labels It as “SCAM / Unregulated”
BrokersView lists GetradesFX under Operating Status: SCAM. The site highlights that GetradesFX is unregulated and offers no legal safeguards for investors.
It also notes that the website uses a template style common among previously flagged scam brokers. These shared designs tend to be reused as brokers disappear or rebrand.
4) Absence of Regulation / Licensing Verified
TraceFraudsOnline reports that GetradesFX is not supervised by any official financial authority. It has no valid registration with top regulators such as the FCA, ASIC, CySEC, etc.
This lack of regulation means there is no external auditing or oversight of their operations. Without regulation, there is almost no protection if the broker misbehaves.
5) Misleading Address & Contact Details
GetradesFX.pro claims an address: Wenlock Road 20-22, London, N1 7GU, United Kingdom.
However, the FCA warning specifically lists this address under its warning for unauthorised firms, implying that while the address is used, the entity is not recognised at that location under proper regulatory status. This discrepancy is common among scam brokers using addresses to imply legitimacy.
6) Low Trust Score / Technical Red Flags from ScamAdviser
ScamAdviser gives GetradesFX.pro a very low trust score, citing multiple concerning factors: the domain is new, WHOIS registration details are masked, the site resides on a server with other suspicious websites, and the site has been reported for spam.
Although SSL is valid, other hygiene/verification points fail, which lowers confidence in their operation.
7) High Likelihood of Unique Scam Tactics: Withdrawal Blocks & “Upgrade Traps”
Multiple sources warn of withdrawal issues: users reporting that their funds are either blocked or held with no response. TraceFraudsOnline notes that many scam operations follow this
pattern: small deposits allowed, maybe small withdrawals at first, then bigger deposit requests or fees thrown up when trying to withdraw larger amounts.
Additionally, funding accounts followed by “upgrade” fees or additional verification required (often vague) are typical in what we can call forced deposit / upgrade traps.
8) Red Flags in Marketing Claims vs. Verifiable Proof
GetradesFX uses bold language around service, performance, likely guaranteed returns, but lacks transparent proof: no evidence of audited financials, proof of regulatory compliance, customer success stories with verifiable documentation. This mismatch between marketing promise and legal/regulatory reality is a red flag.
9) Community Warnings & Scam Reports
Sites like NathanReclaim LLC, TraceFraudsOnline, and Reddit threads have users warning others about GetradesFX.pro. The consensus among independent watchdogs and consumer report platforms is that it is highly suspicious.
These independent reports are consistent and recent, suggesting that the risk is real and growing.
10) Operating Under “Unauthorised Firm” Label
The FCA’s statement about GetradesFX makes clear: this firm may be providing or promoting financial services without permission. That label of “unauthorised firm” is a legal warning. When a regulator says that, they are telling people to avoid dealing with the firm.
✅ Conclusion: Why GetradesFX.pro Should Be Considered a Scam
GetradesFX.pro exhibits nearly all the major red flags that traders and investors rely on when assessing whether a broker is safe. While no single warning is definitive on its own, the combined weight of these indicators makes the platform highly untrustworthy. If you value your funds and your downside risk, you should avoid this site entirely.
First and foremost, the FCA’s formal warning establishes that GetradesFX.pro is not authorised to carry out financial services in the UK. This is not a minor error, but a foundational failure. Authorization from a credible regulator is a protective firewall for consumers, ensuring oversight, rules, dispute resolution, and legal accountability. Operating without this is illegal and highly risky. As the FCA states, dealing with such an unauthorised firm means no access to legal protections like the Ombudsman or compensation schemes.
Second, the user reviews are uniformly negative and describing serious financial harm—loss of funds, inability to withdraw, and broken promises. A broker with even a few positive reports would seem more credible; one with only negative, severe complaints is telling. These complaints are not typographical or service delays; they are about money being taken and not returned. That suggests something is wrong beneath the surface.
Third, lack of verified licensing or regulatory oversight is a major red flag. Legit brokers are proud to publish their licensing, registrations, proof of compliance. GetradesFX.pro does not. They are unregulated (according to multiple independent sources), which means there is nobody outside of the company auditing their operations, no transparency, and no guarantee of fair dealing.
Fourth, technical and trust score tools like ScamAdviser show the site is embedded in risky infrastructure: domain registration is recent, details are hidden, server shares with other suspicious websites, etc. These are not innocuous details: they are part of how scam operators stay mobile and avoid accountability. Legitimate brokers invest in infrastructure, compliance, and visible transparency.
Also, the pattern of withdrawal difficulties, “upgrade” or “fee before withdrawal” tactics, and marketing promises that lack proof, all align with known scam playbooks. Many victims report similarly: initial good interface, maybe small deposits seem to “work,” then bigger sums or withdrawal requests run into delay, fees, or silence. That kind of behavior is consistent across numerous complaints about this site.
For anyone who has deposited or is considering doing so, here are steps to protect yourself:
- Do not deposit large sums. If you must test, deposit minimal funds first and try to withdraw immediately.
- Keep copies of all communication, receipts, screenshots. If withdrawal is refused or delayed, you will need evidence.
- Check with your national financial regulator whether there is a warning or alert about this broker.
- Share experiences (if negative) in forums or review sites, so others are warned.
- Consider consulting legal or recovery services if you believe you have been harmed (though such recovery is often difficult).
Scam-keywords to note in relation to GetradesFX:
- unauthorized broker warning
- withdrawal failure risk
- unregulated FX scam
- broker licence misrepresentation
In summary, GetradesFX.pro does not meet basic criteria for trust: it is unlicensed, has regulatory warnings, negative customer feedback, no verifiable evidence of legitimacy, and behavior consistent with known scams. Unless this changes dramatically—through verifiable licensing, credible user proof, and strong regulatory oversight—this is a platform you should stay far away from.
