Review on Syncxtrades

This review examines SyncXTrades (website: syncxtrades.com), which presents itself as a global investment-and-trading service provider specialising in Forex, cryptocurrencies and CFDs. On its homepage the site claims to be “one of the world’s fastest growing Forex, cryptocurrency & CFD investment providers.”  It maintains that it offers “substantial return for your investment” via multiple trading platforms including the popular MetaTrader 4.  In addition, the site states that SyncXTrades won the “Best Broker of Asia 2018” award at the Malaysian investor show.  The company advertises trading on derivatives, options and other high-risk instruments. On the “Demo Trading” page it notes that the financial products it offers include “digitals, contracts for difference (CFDs), and other complex derivatives and financial products” and that “trading … may not be suitable for all investors because of the risk of losing all of your invested capital.” 

So in short: SyncXTrades pitches itself as a fully-fledged broker/investment platform offering high returns, multiple asset classes, and global reach.

More Details

After careful analysis, I conclude that SyncXTrades is very likely a scam or at least an extremely high-risk platform with no credible evidence of full legitimacy. Here’s why:

1. Regulatory gap: The cornerstone of legitimacy for any investment/trading platform is regulation by a credible authority. SyncXTrades lacks that: the FCA warning explicitly states it’s not authorised. Without regulation, you cannot rely on deposit protection, oversight or independent dispute resolution.

2. Trust indicators: Independent trust-score systems flag the site with a very low trust rating. Scamadviser’s algorithm flagged it as “strong indicator of being a scam”. r Broker review sites also mark it as “not trusted broker”.  When independent assessments align like this, it heightens the warning.

3. Customer complaints: The presence of multiple reviews claiming large losses, withdrawal problems or inability to recover funds strongly suggests actual problems in the market. For example, one reviewer claimed they were “scammed of $85,000”.  Whether all claims are verified, the pattern is consistent with scam-broker behaviour.

4. Aggressive marketing + vague backing: Promising “substantial returns”, using marketing language like “fastest growing” and “Best Broker of Asia 2018”, without clear verifiable credentials or transparent regulatory proof, is typical of schemes that emphasise allure over substance.

5. High-risk products pushed to retail: The platform invites retail investors into CFDs and derivative “digitals” which are risky and often used in frauds. While not inherently fraudulent, when combined with the above factors, it becomes highly suspect ([see risk disclaimer page]). 

6. Targeting globally without clarity: The site claims global reach but lacks clarity on jurisdictions, regulatory status per region, or protections per jurisdiction. The FCA note that the firm “may be targeting people in the UK” is a red flag. 

Given all these factors—especially the regulatory void and multiple warnings—the platform does not meet the typical standards for a legitimate, trustworthy broker. For someone considering depositing funds, the risks are extremely high and the chance of recovery is low if things go wrong.