General Information & Regulation
TRACXUS is allegedly a forex broker registered in St Vincent and the Grenadines that claims to provide its clients with over 1,000 tradable financial instruments with floating spreads from 0.6 pips on the MT4 for PC, Mac, Web, smartphones (iPhone/Android) and tablets (iPad/Android) trading platforms. Here is the home page of this brokers official site:
As for regulation, it has been verified that TRACXUS does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.60/10. Please be aware of the risk.
Market Instruments
TRACXUS advertises that it offers access to more than 1,000 trading instruments in financial markets, covering forex, commodities, cryptocurrencies and Blue-chip stocks.
Account Types
TRACXUS claims to offer demo accounts which can remain permanent, as well as live account types. However, the broker says nothing about the minimum initial deposit requirement to open an account.
Spreads
TRACXUS claims that the spread is as low as 0.6 pips.
Trading Platform Available
Platforms available for trading at TRACXUS are MT4 for PC, Mac, Web, smartphones (iPhone/Android) and tablets (iPad/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
TRACXUS says to accept 3 ways to deposit and withdraw, including Bank transfers, USDT and BTC. The minimum initial deposit requirement is said to be only $10, while there is no mention of what the minimum withdrawal amount is. Deposit and Withdraw requests are said to be processed within 24 hours.
Bonuses
TRACXUS claims to offer some bonuses as promotions. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
Customer Support
TRACXUS‘ customer support can be reached by email: support@tracxus.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Facebook, Line, Instagram, YouTube and Telegram. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
Risk Warning
Online trading involves a significant level of 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.
