General Information & Regulation
Tradixa is a St. Vincent and the Grenadines registered broker offering investors a variety of currency pairs and CFD trading services. Tradixa is not currently subject to any effective regulation.
Market Instruments
Tradixa offers investors 54 pairs of currency pairs, as well as CFDs on various commodities, precious metals, indices, stocks, and cryptocurrencies.
Minimum Deposit
Tradixa offers six different types of accounts: Basic (minimum deposit of $250), Silver (minimum deposit of $5,000), Gold (minimum deposit of $15,000), Platinum (minimum deposit of $50,000), Diamond (minimum deposit of $100,000) and VIP (minimum deposit of $250,000). 000 USD).
Tradixa Leverage
Trading leverage varies depending on different trading accounts. The maximum leverage is for the Basic account is 1:100, 1:200 for the Silver account, 1:300 for the Gold and Platinum accounts, and 1:400 for Diamond and VIP accounts.
Spreads & Commissions
After testing the demo account, it is learned that the fixed spread on the EURUSD pair is 3 pips, more than twice the acceptable spread for a standard account.
Trading Platforms
Tradixa offers traders a simple online trading platform rather than the most popular MT4/MT5 trading platforms.
Deposit & Withdrawal
Tradixa claims to take 7 days to process a client's withdrawal request, which is clearly unreasonable when compared to other legit brokers who can withdraw funds quickly.
Tradixa Pros & Cons
Tradixa Advantages Include:
1. A choice of six trading accounts
Tradixa Disadvantages Include:
1. No regulation & blacklisted by FCA
2. Offering managed accounts disguised as automated trading
3. No MT4, a web-based platform only
4. High spreads & high dormant account fees
5. Long withdrawal time
