BX Trade Review – Is This Broker Safe or a Scam?

Our Expert Evaluation of BX Trade

BX Trade claims to be a cryptocurrency and binary options trading platform registered in Saint Lucia. However, our investigation revealed it lacks regulatory oversight, has been flagged by multiple authorities, and presents major security risks for users.

The official site (bxtrade.net) is JavaScript-dependent and lacks transparency. The homepage, terms, and platform access are minimal, with no user dashboard or trading platform details revealed without login. Theres no evidence of robust customer support beyond a support email address.

Additionally, the Financial Conduct Authority (FCA) of the UK has explicitly blacklisted BX Trade for offering unauthorized financial services—this is a strong indicator that the platform could be operating fraudulently.

What Are the Advantages and Disadvantages of BX Trade?

Is BX Trade a Trustworthy Broker?

Our team strongly believes BX Trade is not a trustworthy broker. The absence of regulation alone is a major red flag, but being explicitly warned against by the FCA elevates it to high-risk territory. The platform shows signs typical of scam operations: vague company background, no transparency on trading operations, limited customer service, and risky products like binary options.

BX Trade markets itself toward novice crypto investors, yet lacks the basic framework expected of legitimate brokers—like user funds segregation, licensed oversight, or transparency. It offers no demo account, no visible trading interface, and no known withdrawal process.

If you're considering trading with BX Trade, we strongly recommend against depositing funds on this platform. Explore brokers regulated by Tier-1 authorities like ASIC, FCA, or CySEC instead.