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No Regulation
Score
1.42 /10
Danger
Blockex
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index6.31
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
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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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-12
- 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
| Blockex Review Summary | |
| Company Name | Blockex |
| Registered Countries | United Kingdom |
| Founded | 2-5 years |
| Regulation | Unregulated |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:500 |
| Minimum Spread | 0.6 pips |
| Payment Methods | Crypto Wallets, Skrill, Neteller, MasterCard, VISA, American Express, iDeal, Webmoney, BPAY, Discover, and Western Union |
| Customer Support | telephone: +1(231) 844-9949 |
| email: support@blockextrade.com | |
Blockex Information
Blockex is an unregulated online forex broker based in the United Kingdom, operating for 2-5 years. It offers a variety of trading instruments, including forex, CFDs, stocks, and metals, with leverage up to 1:500.
Pros and Cons
| Pros | Cons |
| Offers over 10 trading products | Unregulated |
| Provides over 10 payment methods | Minimum deposit of $100 |
| Offers an online trading platform (Blockxtrade Web Trader) |
Is Blockex Legit?
Blockex's corporate domain (blockex.com) is registered through Gandi SAS, with a registration date of October 3, 2014, and an expiration date of October 3, 2024. Currently, Blockex is unregulated.
What Can I Trade on Blockex?
Blockex offers more than 10 trading products, including forex, CFDs, Stocks, Cryptocurrencies, Metals, Indices, Commodities, Futures, Shares, Energies, Bonds.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Shares | ✔ |
| Energies | ✔ |
| Bonds | ✔ |
Account Types
Blockex provides four account types—Classic, Standard, Premium, and VIP. It offers leverage of up to 1:500 across all account types, from Classic to VIP.
| Account Type | Minimum Deposit | Spreads | Leverage | Scalping | Stop Out | Swap Free | Minimum Trade Size |
| Classic | $100 | From 1.9 pips | Up to 1:500 | No | 50% | Yes | 0.10 lot |
| Standard | $1,000 | From 1.5 pips | Up to 1:500 | Yes | 50% | Yes | 0.01 lot |
| Premium | $2,500 | From 1.2 pips | Up to 1:500 | Yes | 50% | Yes | 0.10 lot |
| VIP | $5,000 | From 0.6 pips | Up to 1:500 | Yes | 50% | Yes | 0.10 lot |
Spreads & Commissions
At Blockex, spreads vary depending on the type of trading account. However, the broker does not mention commission fees on its official website.
Classic Account: Spreads start from 1.9 pips.
Standard Account: Spreads start from 1.5 pips.
Premium Account: Spreads start from 1.2 pips.
VIP Account: Spreads start from 0.6 pips.
Trading Platform
Blockex offers the Blockxtrade Web Trader platform, which is available online and requires no downloads.
| Trading Platform | Supported | Available Devices | Suitable for |
| Blockxtrade Web Trader Platform | ✔ | Windows, Web Browser, Android, MAC, iOS, Online | Both Beginner and Experienced Trader |
| MT5 | ❌ | Mobile and Desktop（Windows & macOS） | Experienced Trader |
| MT4 | ❌ | Mobile and Desktop（Windows & macOS） | Beginner |
Deposit and Withdrawal
Blockex offers over ten payment methods, including Crypto Wallets, Skrill, Neteller, MasterCard, VISA, American Express, iDeal, Webmoney, BPAY, Discover, and Western Union, with no deposit fees. E-wallet payments are processed instantly, while bank transfers may take up to 5 working days to appear in the account.
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