Tradixa Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-11-05 19:02

Abstract：Tradixa an online broker, owned by Tradixa limited which is located in Saint Vincent and the Grenadines. However, Tradixa is not subject to any regulation. Please be aware of the risk.

　　General Information & Regulation

　　Tradixa an online broker, owned by Tradixa limited which is located in Saint Vincent and the Grenadines. However, Tradixa is not subject to any regulation. Please be aware of the risk.

　　Market Instruments

　　Tradixa offers a wide array of trading instruments in forex, stocks, commodities, indices and cryptocurrencies. They include: 54 forex currency pairs, 17 commodities, 198 stocks, 17 cryptocurrencies, 24 indices.

　　Minimum Deposit

　　There are six different types of live accounts that clients can choose from on Tradixa: Basic, Silver, Gold, Platinum, Diamond, and VIP accounts. The minimum initial deposit to open a starter account is $250.

　　Leverage

　　In terms of trading leverage, the maximum leverage level offered by Tradixa is up to 1:400 for forex trading. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It is important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

　　Spreads & Commissions

　　As tested with a demo account the benchmark EURUSD spread was fixed at 3 pips, which is twice the spread traders usually find acceptable with a standard account.

　　Trading Platform Available

　　In terms of trading platform avialble, Tradixa does not support MetaTrader4. They offer some unproven web based platform instead.

　　Deposit & Withdrawal

　　The minimum deposit on Tradixa is $250 whilst there is no maximum. There are different methods of depositing and withdrawing funds. Payment methods include Debit/Credit card, Bank Transfer, ewallet like Skrill and Neteller.

　　Customer Service

　　Tradixa offers clients the option of contacting customer service representatives for inquiries, complaints or other reasons on weekdays between the hours of 9am – 5pm GMT. The channels available for this include phone, email, live web chat and an online ‘contact us’ form on the brokerswebsite.

　　Accepted Regions

　　Tradixa does not offer its brokerage services to residents/citizens of the United States of America and Japan.