Score

2.45 /10
Danger

TransX Markets

Saint Lucia

1-2 years

Regulated in United States

Common Business Registration

MT5 Full License

Regional Brokers

Suspicious Overrun

High potential risk

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Comparison

Quantity 6

Exposure

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Website

Score

Regulatory Index1.25

Business Index4.53

Risk Management Index0.00

Software Index7.40

License Index1.25

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Trans X Market Limited

Company Abbreviation

TransX Markets

Platform registered country and region

Saint Lucia

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-01-31
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by United States NFA(license number: 20248208355)Common Business Registration Non-Forex License. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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User Reviews

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User comment

14

Comments

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FX2684208402
0-3months
They are scammers and fraudsters. I have got USD 2173 in my MT5 a/c no 778433 for which i have placed withdrawal request but they are not giving me the withdrawal of my own money. Please let me know which agency/regulatory authority to approach so as to get my money back.
They are scammers and fraudsters. I have got USD 2173 in my MT5 a/c no 778433 for which i have placed withdrawal request but they are not giving me the withdrawal of my own money. Please let me know which agency/regulatory authority to approach so as to get my money back.
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2025-01-29 21:09
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0
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gdm32
6-12months
I opened an account with TransxMarket in September 2024 through UniversalFXSoftware and Mr. Naem, who provided a free bot for Gold/USD trading on the MT5 platform. While it seemed promising initially, the experience turned out to be a nightmare. Withdrawals required Mr. Naem’s approval, and without it, no funds were released. This lack of transparency and control was a major issue. TransxMarket delayed payments and pressured me to refer more clients. After referring one client, they began harassing both of us for more referrals while withholding our funds. Despite raising complaints, they stopped communicating and failed to resolve our issues (as of January 2025). TransxMarket and UniversalFXSoftware exploit clients through unethical practices and a flawed withdrawal system. I strongly advise against trusting them or investing with their platforms. Save your money and stay away!🌼
I opened an account with TransxMarket in September 2024 through UniversalFXSoftware and Mr. Naem, who provided a free bot for Gold/USD trading on the MT5 platform. While it seemed promising initially, the experience turned out to be a nightmare. Withdrawals required Mr. Naem’s approval, and without it, no funds were released. This lack of transparency and control was a major issue. TransxMarket delayed payments and pressured me to refer more clients. After referring one client, they began harassing both of us for more referrals while withholding our funds. Despite raising complaints, they stopped communicating and failed to resolve our issues (as of January 2025). TransxMarket and UniversalFXSoftware exploit clients through unethical practices and a flawed withdrawal system. I strongly advise against trusting them or investing with their platforms. Save your money and stay away!🌼
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2025-01-21 18:35
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0
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6