Tradixa was an offshore / unregulated Forex / Crypto Broker, that opened on October 1st 2020. They are no longer operating, and their website is closed.
Formerly, they offered trading on Tradixa.com, but they received a warning from the FCA for not being licensed. They change websites very frequently, first they used Tradixas.com, and now https://www.tradix-a.com/.
For complaints or problems, read more.
Tradixa Broker Reviews
While reviewing this broker Tradixa, we see that they have all the popular underlying assets for CFD trading on Forex, Market Indexes, Crypto Currency, Gold, Silver and Commodities. They offer clients the classic PandaTS CFD trading platform, and once you sign up, they will email you a link to their MT4 software.
Newbie CFD investors must know the difference between trading and investing. Investors using a CFD (Contracts for Difference) broker, are simply trading and looking to profit from the underlying assets price movement. You do not actually own the underlying asset or currency.
Tradixa offers six account types, with the main difference being their account manager. Either way, you can be assured you will receive plenty of phone calls from their Salesmen. The minimum deposit for a Basic account is $250.
If you are looking for a licensed broker offering the MetaTrader 5 app, go look here.
Auto Trading Software & Fee’s
Like most people, we found this broker because we signed up for a software called Bitcoin Circuit. You probably didn’t think about reading this brokers Terms and Conditions page, but we did, and found some interesting things.
- The broker charges a Dormant Account Fee: “Tradixa will charge dormant account balance, for inactivity in trading of 45 days and above, for the sum of $100 a monthly fee.”
- They also have an Auto Trading Software Fee: “A client/trader who registered and deposited funds for using one of the auto-trading software products and wishes to close the account and withdraw the funds before trading at least 20 trades with the software, will be charged $100 as an auto-trading software fee.”
Chances of making a profit after 20 automated trades, with a bad software is usually very low, read why.
Is Tradixa a Licensed Broker?
No, Tradixa is not a regulated broker, and does not hold a license. You can read the warning from the FCA, look here.
Tradixas.com is owned and operated by: Tradixa Ltd, Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, 1510, St. Vincent and the Grenadines. They are also owned by Tradixa Ltd, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. Credit cards and payment processing goes through the company: All Media EOOD, Druzhba 124, Sofia 1592, Bulgaria.
According to their T&C page, they are governed by the laws of Saint Vincent and Grenadines. Contact phone is in United Kingdom: +442038079312. Customer support email address is: [email protected].
Trading on Crypto Currency, Shares or Currency is a financial investment service, which needs to be regulated by your government regulator. The difference between a licensed broker and an unlicensed broker is who will insure your money when the broker goes out of business, read more.
Online brokers in the United Kingdom must have a license from the FCA, and online brokers in Australia are required to have a license from ASIC.
Compare Forex Brokers
Did you know that you can choose from more than one hundred licensed brokers today? Have a look at these popular licensed Forex brokers.
PepperStone is a licensed broker, that offers Mirror Trader and other social trading options, see here. They offer tight spreads, and the MT4, MT5 or cTrader trading platforms. Open a Demo Account at: Pepperstone.com.
If you are currently investing with this broker, please share your thoughts in the comments below.