Trex Markets-Some Important Details about This Broker

General Information

Trex Markets is a forex broker registered in Saint Vincent and the Grenadines, providing access to a massive financial market. With the Trex Markets platform, three trading accounts are available, with the minimum deposit to open a professional starting at $50, and the maximum trading leverage that traders can use is up to 1:500.

Disappointingly, Trex Markets is not authorized or regulated by any regulatory authority to show it operates legally. Please be aware of the risk.

Market Instruments

With Trex Markets, investors have the opportunity to get access to various financial markets, including Forex, Stocks, Indices, Metals, Energy, Agriculture, Cryptocurrency.

Account Types

Trex Markets provides 3 types of trading accounts: Micro, Standard, Professional and the account type is determined by the users first deposit. The Micro account is suitable for beginners, asking for a minimum deposit of $50. A deposit of $250 will put you onto its Standard account, and the Pro account is designed for professional traders, and traders who want to try this broker need to fund at least $1,000.

Spreads & Commissions

Spreads are determined by trading accounts, with no commissions charged for all three types of trading accounts. Overall, the Micro account offers the widest spreads, with the spreads on EUR/USD from 1.8 pips, and the Pro account provides the narrowest spreads, spreads on the eurusd pair from 1.3 pips.

Leverage

When it comes to leverage, Trex Markets allows its clients to use leverage of up to 1:500, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Trading Platform

Trex Markets offers the industry-leading MT4 trading platform that is available on Desktop, Android, and IOS.

Payment Methods

The minimum deposit is $50 and deposits and withdrawals can be done through Eeziepay, Bitcoin, Local Bank, Wire Transfer, and more.

Educational Resources

It is worth mentioning that Trex Markets provides some educational courses for forex trading covering all education stages from preschool to graduation.

Customer Support

If you have any inquiries or trading-related issues, you can reach this broker through the following contact channels:

Live Chat

Telephone: ＋60 1123756685

Email: cs@trexmarkets.com

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.