Radex Markets is a CFD Forex broker which opened recently in 2021, that is licensed and regulated by the FSA in Seychelles.
Owned and operated by; GO Markets International Ltd, which is located at: Office No. 1, First Floor, Siva’s Complex, Providence, Mahe, Seychelles. Contact phone number in the U.K. is: +442086101608, and the email address is: [email protected].
Official website: https://RadexMarkets.com.
Radex Markets Reviews
Our review of the broker Radex Markets shows, that new clients and investors are given access to the widely used MetaTrader4 Forex trading platforms. They make available to you a downloadable desktop software, along with a web-based platform, and mobile apps for Android & iOS. You can create multiple demo trading accounts to test out the platform and your trading strategies.
Radex offers a wide variety of assets to trade including; Forex / Currency pairs, Commodities (oil, gold silver), Indices and CFD’s for shares trading. When creating your trading account, you choose how much leverage you want, from 100:1 – 500:1. In January 2022, they partnered with Trading Central so that they can give their clients a variety of trading analysis tools and signals.
Many new investors look for brokers with high leverage because they believe they will make money easier that way. The reality is, that trading with high leverage is very risky, and new traders don’t understand the risks, and end up losing their money quickly.
The minimum deposit for a new trading account is $200. Current promotion they are offering new clients is a cashback offer, or a 25% bonus. Deposits can be made via wire transfer. It seems like this broker is targeting clients in the Asia region, with their website localized in; English, Mandarin, Chinese, Vietnamese, Malay and Thai.
Is Radex Markets a Legit Broker?
Yes, Radex Markets is licensed by the FSA Seychelles, under the corporate name GO Markets International Ltd. Their company number is 8425985-1, and their Securities Dealer License Number is SD043.
When the Scam Broker Investigator reviews a new Forex or Crypto broker to determine if they are legit or a scam, we first look for a valid brokers license. In recent months, we have seen many scam unlicensed brokers, disappear and go out of business. The best brokers are always licensed by ASIC Australia, the FCA in England or your local governments financial regulator.
Smart investors will always use a licensed broker, because of the protection you are afforded from their financial regulator. If you have a broker complaint or are having problems making a withdrawal, read this.
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ForTrade is a very popular CFD broker in Europe and Australia. They are properly licensed and regulated by the FCA and ASIC, see here. Get a Free Demo Account at: ForTrade.com.
What was your experience investing with the brokers at Radex? Please share your review in the comment section below.