Note: TradeVexos official site - https://www.tradevexo.com/Home is currently on sale and not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is TradeVexo？
TradeVexo is a web broker who offers online trading services to global clients including Forex, commodities, indices, shares and cryptocurrencies. However, concerns arise due to the absence of regulatory oversight and an inaccessible website, casting doubts on its operation and reliability.
In the following article, we will analyse the characteristics of this company in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Pros & Cons
Pros:
Diverse Market Access: TradeVexo provides access to five major markets, including currency pairs, commodities, indices, shares, and cryptocurrencies, allowing traders to diversify their portfolios.
Tiered Accounts: TradeVexo offers tiered account options, including Bronze, Gold, Platinum, and Diamond accounts, allowing traders to choose an account type that suits their trading preferences and investment goals.
Acceptable Minimum Deposit: TradeVexo offers an acceptable minimum deposit requirement from €50, allowing traders with varying levels of capital to participate in trading activities.
Cons:
Lack of Regulation: TradeVexo operates without regulatory oversight, exposing traders to risks associated with unregulated brokers. The absence of regulatory supervision raises concerns regarding investor protection, transparency, and adherence to industry standards.
Limited Customer Support Channels: TradeVexo's customer support channels are primarily limited to email and phone, hindering immediate assistance and resolution of queries.
Does Not Accept US Clients: TradeVexo does not accept clients from the United States, limiting access to traders from this region. This restriction can inconvenience US-based traders who wish to engage with the platform but are unable to do so due to regulatory constraints or other reasons.
No MT4/5 Platforms: TradeVexo does not offer the popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms. These platforms are widely used and preferred by many traders due to their advanced charting tools, customizable interface, and extensive range of trading indicators and expert advisors. The absence of these platforms limits the platform options available to traders and their ability to access certain features and functionalities commonly found in MT4/MT5.
Inaccessible Website: The inaccessible website can disrupt traders' ability to access essential information, execute trades, or perform account management tasks, leading to frustration and inconvenience.
Is TradeVexo Legit？
When considering the safety of a brokerage like TradeVexo or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the broker's operations.
Security measures: So far we cannot find any security measures through the Internet about TradeVexo.
In the end, choosing whether or not to engage in trading with TradeVexo is an individual decision. Thus we recommend you carefully balance the risks and returns before committing to any actual trading activities.
Market Instruments
TradeVexo provides access to a diverse range of five major markets, satisfying traders' varying interests and strategies.
These markets include currency pairs such as EUR/USD, GBP/AUD, and CAD/HKD, allowing traders to capitalize on fluctuations in global forex markets.
Additionally, traders can engage in commodity trading, with options including gold, silver, and palladium, ideal for those seeking exposure to precious metals.
TradeVexo also offers indices trading, featuring popular indices like FTSE100, DAX30, and CAC40, enabling traders to speculate on broader market movements.
Furthermore, the platform facilitates share trading with prominent stocks like Alibaba, Netflix, and Google, appealing to investors seeking opportunities in individual companies.
Lastly, TradeVexo caters to cryptocurrency enthusiasts by offering trading in cryptocurrencies such as BCH, USDT, and USDC, providing exposure to the rapidly evolving digital asset market.
Account Types
TradeVexo offers four distinct live account types: Bronze, Gold, Platinum, and Diamond. These accounts serve as avenues for traders to engage in various trading activities. The minimum deposit is from €50, with each account type varies,catering to traders with different capital preferences.
Additionally, TradeVexo also offers a demo account, allowing traders to practice their strategies and familiarize themselves with the platform before committing real funds.
Leverage
Regarding leverage, TradeVexo offers a maximum leverage of up to 1:200 across all account types. This level of leverage enables traders to amplify their positions and potentially enhance their trading outcomes. However, it also increases the risk of significant losses if trades move against them. Traders should thus employ risk management strategies when utilizing leverage.
Spreads & Commissions
When it comes to spreads and commissions, TradeVexo advertises spreads starting from 2.5 pips. However, the broker imposes a commission of $15 on Bronze accounts, which some traders can find relatively high compared to industry standards.
It's essential for traders to consider these costs alongside other factors when evaluating TradeVexo's offerings. Further information about spreads and commissions for other account types is available upon inquiry or through the demo account registration process.
Trading Platofrm
TradeVexo offers traders access to its proprietary trading platform, Sirix, providing a user-friendly and intuitive interface for seamless trading experiences.
Additionally, TradeVexo offers mobile versions of the App on iOS and Android, enabling them to trade on-the-go using smartphones or tablets. This accessibility allows traders to stay connected to the markets at all times, monitor their positions, and seize trading opportunities, even when away from their desktop computers.
Deposit & Withdrawal
TradeVexo facilitates transactions through various payment methods available in the user area, including credit cards, debit cards, and bank transfers, ensuring flexibility for traders. These methods serve for both depositing funds into trading accounts and withdrawing profits.
However, it's essential to note that legal documents specify wire transfers incurring a fee ranging from 25 to 30 EUR, with other fees remaining unclear. Traders should be careful and review the terms and conditions related to fees before initiating transactions to avoid unexpected charges.
Customer Service
TradeVexo offers limited customer support channels, primarily through email and phone. While traders can reach out via email for assistance, the availability of direct phone support provides an additional avenue for communication.
However, these channels do not offer real-time assistance, limiting immediate resolution of queries.
Tel: +43 720883328.
Email: cs@tradevexo.email.
Conclusion
In conclusion, while TradeVexo offers online trading services in forex, commodities, indices, shares and cryptocurrencies to its global clientele, concerns arise due to the absence of regulatory supervision and ongoing website accessibility issues. This casts doubt on the broker's reliability, and it's unclear whether the broker's business is in a cease situation or not.
Given these uncertainties, TradeVexo is strongly unrecommended. We advise you exploring alternatives that prioritize transparency, regulatory compliance, and consistent customer service to ensure a trustworthy trading experience.
Frequently Asked Questions
Is TradeVexo regulated？
No. The broker is currently under no valid regulation.
Is TradeVexo a good broker for beginners？
No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its unavailable website and limited customer support channels.
Does TradeVexo offer the industry leading MT4 & MT5？
No.
Does TradeVexo offer a demo account？
Yes.
Whats the minimum deposit does TradeVexo request？
Luxtious requires a minimum deposit of EUR50.
Are there any restricted areas for TradeVexo？
Yes, the company does not accept US clients.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
2023-03-20 17:06
2023-03-03 18:40
