Is FoundersXTrade legit? Yes.
FoundersXTrade is the digital trading platform built on Founders Financial Securities LLC, a firm that has been SEC-registered and FINRA-regulated since 2004. This page walks you through how to verify that yourself.
Three things that prove it
Federal registration
CRD# 137945 on FINRA. SEC numbers 801-66892 and 8-67137. These are public government records that anyone can look up in 30 seconds.
Institutional custody
Axos Clearing LLC holds and clears all customer securities. They are a member of both FINRA and SIPC. Your shares are never held on our balance sheet.
Physical headquarters
1026 Cromwell Bridge Road, Suite 100, Towson, MD 21286. Real office, real staff, real phone number: (410) 308-9988.
Company timeline
How to verify in 3 steps
Go to brokercheck.finra.org
Type the number into the firm search bar and hit enter
You will see "Founders Financial Securities LLC" with a formation date of September 21, 2004
Questions and answers
Is FoundersXTrade a legitimate company?
Yes. FoundersXTrade operates in partnership with Founders Financial Securities LLC, a U.S. SEC-registered investment adviser (SEC# 801-66892) and FINRA-registered broker-dealer (CRD# 137945). The firm was founded on September 21, 2004, in Towson, Maryland, and has maintained continuous regulatory standing for over two decades.
Where is FoundersXTrade headquartered?
Founders Financial Securities LLC, the registered entity behind FoundersXTrade, is headquartered at 1026 Cromwell Bridge Road, Suite 100, Towson, MD 21286. This address is publicly listed on FINRA BrokerCheck and SEC EDGAR filings.
Can I verify FoundersXTrade with the U.S. government?
Yes. Visit FINRA BrokerCheck at brokercheck.finra.org and search for CRD# 137945. You will find the complete registration history, licensing status, and any disclosures for Founders Financial Securities LLC.
Is my money safe at FoundersXTrade?
Customer securities accounts are cleared and held in custody by Axos Clearing LLC, a member of FINRA and SIPC. Securities are protected up to $500,000 per account under SIPC. Uninvested cash is swept to FDIC-insured partner banks with aggregate coverage up to $8,000,000.
How long has the company behind FoundersXTrade been operating?
Founders Financial Securities LLC was founded on September 21, 2004. That is over 22 years of continuous operations under U.S. federal securities regulation. The FoundersXTrade digital platform is the firm's modern technology layer built on this established foundation.