AM Tradex Information
AM Tradex is an online trading broker. In addition to providing various trading products, including currency pairs, Indices, Metals, Commodities, and Shares, the AM Tradex also sets up different account types, like Standard, VIP1, and VIP2, based on different trading thresholds. About fees, AM Tradex offers spreads as low as 0.1 pips, commissions as low as $0, and leverage as high as 1:500.
Pros and Cons
Is AM Tradex Legit?
AM Tradex has not received any regulations, which means that trading on AM Tradex is not subject to strict legal restrictions.
What Can I Trade on AM Tradex?
AM Tradex provides a variety of trading products for traders. Next, we will briefly explain the trading products.Derivative Trading: At AM Tradex, 38 currency pairs are provided, classified into major, minor, and exotic. Components of currency pairs include USD/EUR, JPY/USD, GBP/USD, USD/ZAR, and EUR/TRY.
Indices: Here are 9 global indices made up of the S&P 500, Nasdaq 100, France 40, and more.
Metals: When faced with volatile market conditions, prudent traders can purchase gold, silver, platinum, and copper here. Precious metals are crucial hedging tools against inflation and currency fluctuations.
Commodities: AM Tradex includes oil, gas, and agricultural commodities. Commodities affected by supply and demand include oil, natural gas, and agricultural products such as corn, wheat, and soybeans.
Shares: There are over 150 stocks listed on AM Tradex, which may come from well-known companies such as Apple, Microsoft, and Amazon.
Account Type
AM Tradex has launched 3 account types, with different account opening thresholds, for traders to choose freely. The list shows the standard account has the lowest standards, having the lowest deposit and commission, while vip1‘s commission is as high as $10, and vip2’s minimum deposit is as high as $20,000.
AM Tradex Fees
Commissions as low as $0 and spreads starting from 0.1 pips are available for traders to refer to. However, the specific swap fee traders do not know.
Leverage
AM Tradex offers leverage up to 1:500, which will result in large losses. Traders need to assess risk before trading with leverage.
Trading Platform
AM Tradex supports the XOH trading platform. Traders can choose to download the iOS or Android version for convenience.
Deposit and Withdrawal
The minimum deposit is $100. AM Tradex provides two transfer methods: Skrill and Neteller. There is a 2% fee on withdrawals, weekday requests will be processed within 24 hours. However, according to feedback from traders, there may be problems with normal withdrawals.
Customer Support Options
AM Tradex provides multiple contact information for different office locations such as Hong Kong, London, and Vietnam. Traders can selectively contact AM Tradex based on their location. Traders can contact AM Tradex by phone, email, or online chat, as well as through social media such as Facebook, Twitter, and LinkedIn.
The Bottom Line
AM Tradex offers a variety of trading products and 3 types of trading accounts, with spreads as low as 0.1 pips and a minimum commission of 0. However, trading on AM Tradex is still risky. On the one hand, leverage of up to 1:500 may increase losses. On the other hand, AM Tradex is not legally regulated and there will be the risk of unsafe transactions.
FAQ
Is AM Tradex safe?
No, unregulated.
What account types does AM Tradex provide?
Standard, VIP1, VIP2.Standard commission-free and VIP2 spreads as low as 0.1 pips.
What is the minimum deposit on AM Tradex?
$100.
2023-07-30 22:32
2023-03-16 13:38
