Tradixa-Overview of Minimum Deposit, Spreads & Leverage

General Information

Tradixa is allegedly a broker based in the UK that provides its clients with a web-based trading platform, leverage up to 1:400, variable spreads on multiple tradable assets, as well as a choice of six different account types.

Market Instruments

Tradixa advertises that it offers an extensive range of trading instruments in financial markets, including 54 forex pairs, CFDs on various commodities, precious metals, indices, stocks and many cryptocurrencies of Bitcoin, Ethereum, Dash, Monero, Litecoin, Zcash and others.

Account Types

There are six live trading accounts offered by Tradixa, namely Basic, Silver, Gold, Platinum, Diamond and VIP (invitation only). Opening a Basic account requires the minimum initial deposit amount of $250, while the other five account types with the much higher minimum initial capital requirements of $5,000, $15,000, $50,000, $100,000 and $250,000 respectively.

Leverage

Traders holding different account types can experience quite different maximum leverage ratios. Clients on the Basic account can experience the leverage of 1:100, the Silver account with the leverage of 1:200, the Gold or Platinum account with the leverage of up to 1:300, while the Diamond and VIP accounts can enjoy the leverage as high as 1:400. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Spreads are influenced by what type of accounts traders are holding. Tradixa reveals that the spread in the Basic account is fixed at 3 pips, the clients on the Silver or Gold account can experience Standard Spreads, the Platinum or Diamond account can enjoy Low Spreads, while the VIP account with Minimum Spreads.

Trading Platform Available

When it comes to trading platforms available, instead of the worlds most widely-used MetaTrader4 and MetaTrader5 platforms, Tradixa gives traders a web-based platform. Compared with MT4 and MT5, it lacks many standard features, such as the option to run automated trading sessions.

Deposit & Withdrawal

Tradixa only accepts deposits and withdrawals via Bank transfer. The broker says it would take 2-7 business days to process withdrawal requests.

Fees

Tradixa also takes a dormant fee. If you have not traded for 45 days, it will charge a dormant fee of $100 monthly.

Customer Support

Tradixa‘s customer support can be reached by telephone: +442038079312, email: support@tradix-a.com. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.