BrokersView has found that Book Trade FX appears to be a scam Book Trade FX does not claim to be licensed by any regulator; it only claims to be registered in Saint Lucia. While we can confirm that there is a company with the same name in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants it International Business Company (IBC) status. This does not constitute a valid financial licence. The IFC neither regulates nor licences forex trading activities. Being unregulated is a major red flag for a fraudulent operation. Therefore, Book Trade FX appears to be a scam.

How are the overnight swap rates calculated on Booktrade FX? Dear Investor, We do not recommend trading with the platform Book Trade FX, as it lacks basic regulatory authorization. The broker has not provided any information regarding oversight by a recognized financial authority and only displays a registered address in Saint Lucia. Although Book Trade FX Ltd. can be found in the registry of the Saint Lucia International Financial Centre (IFC), this registration merely grants it International Business Company (IBC) status. It is crucial to understand that an IBC registration does not constitute a valid license for forex trading. Furthermore, the Saint Lucia IFC does not possess the jurisdiction or authority to regulate forex brokerage activities. Consequently, Book Trade FX operates without holding any compliant broker licenses, presenting an extremely high risk to investors. To ensure the safety of your funds, we strongly advise all investors to refrain from investing with this type of unregulated dealer. View Source