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TREX Trade

Saint Vincent and the Grenadines|2-5 years|
High potential risk|

https://www.trexwin.com/en/

Website

Rating Index

Contact

cs@trexfx.com
https://www.trexwin.com/en/
First Floor, Frist St. Vincent Bank Ltd Building, P. O Box 1574,James Street, Kingstown, St. Vincent & the Grenadines.

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

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Broker Information

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Company Name

Trex LLC

Abbreviation

TREX Trade

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

TREX Trade · WikiFX Survey

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TREX Trade · Company Summary

Aspect Information
Company Name TREX Trade
Registered Country/Area Saint Vincent and the Grenadines
Founded Year 2008
Regulation Unregulatory
Minimum Deposit $50
Maximum Leverage 1:500
Spreads Starting from 0.0 pips
Trading Platforms TREX Trade Platform, MT5
Tradable Assets Virtual Currency, Commodities, Forex, Stock Index
Account Types A live trading account
Demo Account Unavailable
Customer Support Email, Message Box
Deposit & Withdrawal Bank transfers and cryptocurrency
Educational Resources Help Center (including FAQs, learning indicators, deposit-withdrawal guides, and trading tools like a trading calculator and exchange rate)

Overview of TREX Trade

TREX Trade, established in 2008, presents itself as a global broker with over 15 years of experience, offering a wide range of trading products, including forex, indices, commodities, and virtual currencies. The broker boasts low spreads, starting from 0, and provides a variety of trading platforms, including its proprietary platform and MetaTrader 5.

While the broker seems to offer a diverse range of trading instruments and platforms, the lack of regulation and transparency regarding trading fees should give potential investors pause. Furthermore, TREX Trade lacks transparency regarding its trading fees and account types, which pose challenges for potential clients. This review will delve deeper into the offerings of TREX Trade, highlighting its potential advantages and disadvantages to help you make an informed decision.

Overview of TREX Trade

Regulatory Status

TREX Trade claims to be regulated by the United States NFA (license number: 0529711), but this is suspected to be a clone, poses questions regarding the broker's legitimacy.

Regulatory Status

TREX Trade lacks regulation from any recognized financial authority. It's crucial to understand that engaging with an unregulated broker entails significant risks due to the absence of a supervisory entity to enforce ethical practices and safeguard client assets.

Pros and Cons

TREX Trade's one significant advantage is the wide range of trading instruments available, with over 90 products across various asset classes, including forex, indices, commodities, and virtual currencies. Additionally, TREX Trade provides access to multiple trading platforms, including its proprietary platform and the widely used MetaTrader 5. TREX Trade promotes low spreads from 0 and offers high leverage up to 1:500, potentially benefiting traders with reduced costs and amplified profits.

However, the critical concern is the lack of regulation, as the broker operates without a valid license from any recognized financial authority. The broker's claim of the United States NFA regulation is suspected to be clone. Additionally, TREX Trade exhibits a lack of transparency regarding its trading fees and account types, making it challenging for potential clients.

Pros Cons
Wide Range of Trading Instruments Suspicious clone status
Multiple Trading Platforms Limited information on account types
Low Spreads Limited information on trading fee
High Leverage

Market Instruments

TREX Trade offers over 90 trading instruments across four main categories:

Market Instruments
  • Virtual Currency: The broker provides access to popular cryptocurrencies like Bitcoin and Ethereum, with leverage up to 1:500 and no service charges for real accounts.

Market Instruments
  • Commodities: TREX Trade offers trading in commonly traded commodities like precious metals and crude oil, with leverage up to 1:500 and no service charges for real accounts.

Market Instruments
  • Forex: The broker provides access to the global forex market, with leverage up to 1:500 and no service charges for real accounts.

  • Stock Index: TREX Trade offers trading in major stock indices from the United States, Japan, and China, with leverage up to 1:500 and no service charges for real accounts.

Market Instruments

Account Types

TREX Trade provides three account types: Mini, Standard and Platnum account.

Different account types have varying minimum deposit requirements for activation. For instance, the Standard account requires a $200 deposit, while the Platinum account necessitates a $5000 deposit.

However, there is no detailed information about each account type on the website.

Account Types

Account Opening Process

TREX Trade claims to offer a simple account opening process with three easy steps:

  1. Registration: Visit TREX Trade' website and click on the “Register” button to initiate the account opening process. Then, you will be directed to a page where you need to fill out a registration form with your personal information, including your name, email, phone number, password, etc.

Account Opening Process
  1. Account Activation: When the customer registers successfully, there will be a display of an account type (usually Mini). Different account types correspond with different deposit amounts to activate. The customer needs to satisfy the minimum deposit amounts for his account type to activate the account.

  2. Trade: When finished with the activation process, the customer can enjoy the new customer's activity.

Account Opening Process

Leverage

TREX Trade offers leverage up to 1:500 on all its trading instruments. While high leverage can amplify profits, it also significantly increases the risk of losses. It's essential for traders to use leverage cautiously and understand the potential risks involved.

Leverage

Trading Fees

TREX Trade lacks transparency regarding its trading fees, but account opening is free of charge. Potential clients are advised to contact the broker directly for details on spreads, commissions, and other trading costs.

Trading Platform

TREX Trade offers two trading platforms:

  1. TREX Trade Platform: This proprietary platform allows margin trading of over 100 popular trading products, including forex, indices, commodities, and virtual currencies. However, the broker does not provide detailed information about the features and functionalities of this platform.

Trading Platform
  1. MetaTrader 5 Trading Platform: This popular platform is known for its advanced charting tools, technical indicators, and automated trading capabilities. TREX Trade offers MT5 for trading various assets, including forex, CFDs, futures, options, stocks, bonds, and other instruments.

Trading Platform

Deposit and Withdrawal

TREX Trade supports various local deposit methods, including bank transfers and cryptocurrency deposits. The broker claims that deposits are processed instantly and reflected in the account balance immediately without handing fee. However, the withdrawal process may take up to two hours, and the broker charges fees for certain withdrawal conditions.

Deposit and Withdrawal
Deposit and Withdrawal

Customer Support

TREX Trade offers online customer support from Monday to Friday, 8:00 AM to 5:00 PM. The broker also provides telephone support for closing positions and customized VIP customer service. However, the lack of 24/7 support may be inconvenient for traders in different time zones.

Email: Clients can contact the customer support team via email. TREX Trade offers 24/5 customer support through email at cs@trexfx.com.

Customer Support

Message box: Additionally, clients can leave a message on the website using the message box.

Customer Support

Educational Resources

TREX Trade offers a Help Center with resources for beginners, including FAQs, learning indicators, deposit-withdrawal guides, and trading tools like a trading calculator and exchange rate information.

Educational Resources
Educational Resources
Educational Resources

Conclusion

TREX Trade presents itself as a multi-asset broker with a long history and a wide range of trading instruments. However, the broker's lack of regulation and transparency regarding fees and account types call into question about its legitimacy and the safety of client funds.

While the broker boasts low spreads and high leverage, these potential advantages are overshadowed by the inherent risks associated with an unregulated entity. The broker's claim of being regulated by the United States NFA is suspected to be false. Potential clients are urged to tread carefully and perform inclusive research to ascertain the reliability and trustworthiness of this brokerage firm before initiating any business dealings.

FAQs

Q: Is TREX Trade a regulated broker?

A: No, TREX Trade is not regulated by any recognized financial authority.

Q: What trading instruments does TREX Trade offer?

A: TREX Trade offers over 100 trading products across various asset classes, including forex, indices, commodities, and virtual currencies.

Q: What trading platforms does TREX Trade provide?

A: TREX Trade offers its proprietary trading platform and the popular MetaTrader 5 platform.

Q: What are the trading fees at TREX Trade?

A: TREX Trade does not provide transparent information about its trading fees on its website. Potential clients are advised to contact the broker directly for details.

Q: Does TREX Trade offer educational resources?

A: Yes, TREX Trade has a Help Center with limited resources for beginners, including FAQs, learning indicators, and deposit-withdrawal guides.

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