TRADEX Traders

Risk Warning

The United Kingdom FCA regulatory (license number: 488900) claimed by this broker is a suspicious clone, please be aware of the risk!

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

TRADEX Traders is an offering of TIO Markets Ltd., registered in Saint Vincent and the Grenadines as an International Business Company with registration number 24986 IBC 2018. The broker claims to provide its clients with over 120 financial instruments with leverage up to 1:500 and raw spreads on the MT5 for mac OS, iOS, Windows and Android trading platforms, as well as a choice of three different live account types. Here is the home page of this brokers official site:

As for regulation, it has been verified that TRADEX Traders has a suspicious clone Financial Conduct Authority (FCA) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.29/10. Please be aware of the risk.

Market Instruments

TRADEX Traders advertises that it offers more than 120 trading instruments in financial markets, including forex, actions, energy and indexes, as well as cryptocurrencies and metals.

Account Types

TRADEX Traders claims to offer three types of trading accounts, namely Standard, VIP and VIP Black. However, there is no more specific information like the minimum initial deposit requirement to open an account revealed directly on the website.

Leverage

The leverage offered by TRADEX Traders is up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

TRADEX Traders claims that the clients on the VIP Black account can enjoy raw spreads. As for commissions, $6 per lot on the Standard account, $2 per lot on the VIP account and no commission on the VIP Black account.

Trading Platform Available

Platforms available for trading at TRADEX Traders are MT5 for mac OS, iOS, Windows and Android. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

TRADEX Traders says to accept deposits via Bank transfer, Credit card and e-wallet, and withdrawals with Bank transfer and Credit card. The minimum initial deposit requirement is said to be $50. There is no deposit fee charged, while the withdrawal fee will be charged if the withdrawal amount is less than $50. Specifically, $25 for Bank transfer withdrawals and 5% for Credit card withdrawals.

As for the processing time of deposit and withdrawal requests, deposits and withdrawals via Bank transfer and Credit card can be processed within 5 working days and 1 working day respectively, while e-wallet deposits take up to 1 working day.

Customer Support

TRADEX Traders‘ customer support can be reached by email: support@tradextraders.com, live chat, send messages online to get in touch or request a callback. Registered office: Suite 305, Griffith Corporate Center, Beachmont, PO Box 1510, Kingstown, Saint Vincent and the Grenadines. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.