Marked as
Last updated - April 22, 2026
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Tradorax.com, a binary options platform launched in 2013 under AM Capital Ltd., was flagged by regulators for operating without licenses. It faced widespread fraud allegations, including account manipulation and withdrawal denials. Linked to deceptive brokers and opaque ownership, Tradorax collapsed in 2017, leaving thousands especially pensioners with major financial losses. Its operations were part of a broader scam network.
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Co-owner
High Risk
Based on the available data, we advise consumers to avoid this Company altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we recommend investors and bankers proceed with caution regarding this Company.
This advisory is informed by a medium-risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Financial involvement with this entity may carry moderate risks to your interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
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Tradorax.com has been accused of defrauding investors through deceptive practices like refusing withdrawals and manipulating account balances, as reported by Forex Peace Army in 2016.
Users reported Tradorax withholding funds, falsely claiming transfers were made, and reducing account balances without consent, as documented by Forex Peace Army in 2016–2017.
The Independent (2017) reported that Tradorax scammed savers, particularly pensioners, by freezing accounts and denying payouts, with one victim losing nearly £60,000.
ForexFraud.com (2016) highlighted complaints about Tradorax’s refusal to credit accounts, identity theft concerns, and software manipulation to generate losing trades.
FinTelegram (2019) identified Tradorax as part of a binary options scam network that defrauded investors of hundreds of millions between 2013 and 2017.
Regulatory and Compliance Screening
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What you see here scratches the surface
We offer reward for actionable intel
Tradorax.com was found guilty in a ForexPeaceArmy case (2016-135) of denying customer withdrawals, misrepresenting bonus conditions.
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Trustpilot reviews for Tradorax.com are overwhelmingly negative, with users complaining of denied withdrawals, disappearing profits.
Tradorax.com is widely alleged to be a binary-options/forex scam complaints include refusal to honor withdrawals, account manipulation.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
1.4
1.9
2.3
3.1
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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Looking back, I regret trusting them so easily. The platform gave an impression of professionalism, and the constant communication made it feel legitimate. But once my funds were in, I realized I had very little control. Every attempt to withdraw turned into a new requirement or delay. It slowly becomes clear that you’re stuck in a system that isn’t designed to let you leave easily. Experiences like this really change how you look at online investment opportunities altogether.
2/5
1/5
4/5
When I first joined, I genuinely thought I was doing something wrong because my trades started failing after a while. My account manager kept telling me to trust the process and invest a bit more to recover losses. I followed that advice, and things only got worse. After reading this, it finally makes sense the system itself may not have been fair to begin with. The withdrawal part was the worst, because no matter what I did, I just couldn’t get my money back.
3/5
I believed the platform was legitimate because the website looked professional. After building a small balance, I requested a withdrawal, and they gave excuses and disappeared. Months later, I still couldn’t recover my funds and feel completely misled.
They were friendly at first, but once I asked for a refund, communication stopped.
They highlight regulatory blacklists across Europe and consumer complaints about denied withdrawals and emotional harm caused by deceptive marketing. The pattern is so consistent: unregulated platforms, fake testimonials, aggressive upselling, platform closures, dozens of victim complaints and substantial investor losses
He hides behind proxies and collaborators, but his fingerprints are everywhere. From Opal Payments in Singapore to the infamous Tradorax domain, Avi Itzkovich’s web of deception is global and deliberate. He uses jurisdictions with weak oversight to stay one step ahead of prosecution. EFRI doesn’t start recovery campaigns against platforms unless there’s serious evidence of fraud.
He might not have a criminal conviction yet, but Avi Itzkovich has something worse: a global paper trail of broken platforms, abandoned investors, and scandal after scandal. At this point, regulators don’t need more evidence they need the backbone to shut him down completely.
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