Tradixa is an offshore forex and CFD broker that provides access to trade over 300 trading instruments on its online trading platforms MetaTrader 4 (MT4) and the brokers proprietary WebTrader. Tradixa provides multiple account types and flexible leverage but they are unregulated and do not have the lowest spreads when compared to the best trading brokers.
Tradixa Review, Pros & Cons
- Multiple user-friendly trading platforms
- Over 300 trading instruments
- Multiple account types
- Unregulated & offshore broker
- Minimum $250 deposit
- Large account required for best conditions broker can offer
- Non acceptance of residents of USA & Japan
- High inactivity fees of $100 monthly
- Long withdrawal processing time
- Withdrawal fees
- Spread mark-ups
In this detailed Tradixa review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Tradixa is owned by Tradixa limited which is located in Saint Vincent and the Grenadines. It provides traders with a wide array of trading assets that they can deal with in the financial markets.
In view of its stated objective of making forex and CFD trading more accessible to the average client, Tradixa provides several trading platforms which includes the internationally renowned MT4 trading platform, a proprietary web based platform and a mobile trader that makes trading simple and convenient for traders.
There are also a myriad of educational resources on the brokers website to provide knowledge about how to trade online including a trading school and an e-book. Opening an account on Tradixa also gives access to trading signals, market review and account management services. There is also the opportunity to have personalized guidance from Tradixa’s in-house analysts.
Tradixa is registered in Saint Vincent and the Grenadines but they are not regulated. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker states that all clients’ funds are kept in the top European banks but only accounts emanating from Europe, Middle-East and Canada are maintained in segregated bank accounts.
The broker’s website as well as trading platforms is protected using a 256-bit Secured Socket Layer (SSL) encryption. This makes sure that clients’ data are encrypted before it is transmitted over the internet. SSL deters hackers that may want to crack into the system to steal clients’ identities or user sensitive info such as credit card details.
Tradixa does not offer its brokerage services to residents/citizens of the United States of America and Japan.
Some Tradixa broker features and products mentioned within this Tradixa review may not be available to traders from specific countries due to legal restrictions.
MetaTrader 4 Desktop
Tradixa offers its clients access to one of the most popular online trading platforms that is used by millions of traders all over the globe, MetaTrader 4 (MT4). The platform is well known for its user-friendly interface which makes it easy to navigate. It also has a vast array of trading tools built-in including technical indicators and analytical tools. MT4 is fully customisable and can be improved further by adding customised trading tools to the platform. Tradixa MT4 desktop version is available for download on both Windows and Mac operating systems.
This is a proprietary web based trading platform offered by Tradixa to its clients. It is accessible from any personal computer, Macintosh or Linux workstations as long as the system or device has a web browser. There is no need to download or install any software. This is particularly useful for traders who use different devices or systems in different locations.
The Tradixa web trader interface is simple and user friendly. It can be used by clients of all skill and experience levels. The chart and quotes of over 300 trading instruments are available on the platform in real-time. It has up to 6 chart styles displayable on 9 timeframes from 1 minute to 1 month. It has about 48 technical indicators grouped into trend, oscillators and Bill Williams. The platform also integrates account management options which include deposits, withdrawals, KYC verifications and account history can all be managed from this platform.
Tradixa Mobile Trader
This trading platform is designed for Tradixa clients who are constantly on the move. It enables trading on any mobile device running on Android and iOS software. The Tradixa mobile trader is the mobile version of the proprietary WebTrader platform. It gives access to the same features which includes account management, trading and charting on 9 timeframes.
Tradixa Trading Tools
Tradixa offers account management services where they manage funds on behalf of the trader. It must be strongly emphasised that there is absolutely no guarantee on the performance of the managed accounts and you should be fully aware of all the significant risks involved with online trading. You can lose all of your money trading online.
Tradixa offers daily trading signals to all account holders. This is in line with its objective of offering direction and guidance to every trader on its brokerage. There are no guarantees on how well these signals will perform.
Daily Market Review
Reviews of happenings on the financial markets are a standard service that Tradixa provides to its clients. Clients can learn about what is moving the markets during the trading day, anticipate what might happen in the next trading day and make their own trading decisions.
This is a feature of the WebTrader platform. It shows the percentage of traders buying and selling a particular trading instrument. This information can help inform a trader’s decisions by confirming his signals or forecasts. Sentiment analysis is frequently used as part of a contrarian trading strategy.
Tradixa offers a free online trading school on its website which has articles dealing with how to trade online, forex currency pairs, trading platforms and types of market analysis. Clients can learn at their own convenience and apply the lessons learned on demo accounts. The trading school is limited to just 4 articles.
Clients can also learn a lot by accessing the frequently asked questions (FAQs) segment of the brokers website. Here you will find some of the more commonly asked questions and answers related to online trading and Tradixa’s services.
Tradixa offers a free e-book that introduces forex trading to a beginner. It gives the reader a basic knowledge of trading online and teaches analysis methods and money management principles amongst other trading topics. This book is useful for novice traders. There is the option of downloading the e-book or reading it online.
Tradixa has a glossary of terms that are commonly used in the financial markets along with a brief explanation. The glossary comprises of 13 forex/CFD terms.
Tradixa offers clients access to video tutorials on various aspects of online trading. This is a standard feature of any Tradixa trading account.
Webinars & Seminars
Webinars and seminars are available to Tradixa account holders. They are handled by trading experts versed in different aspects of CFD and forex trading. However, access to these webinars and seminars is dependent on the type of trading account being held with Tradixa.
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
Tradixa Trading Account & Fees
There are six different types of live accounts that clients can choose from on Tradixa. Holders of all account types have access to market reviews, trading signals, video tutorials and e-books. Expensive inactivity fees of $100 per month are charged from accounts that have not traded for 45 days and above.
This is the starter account type with a minimum deposit of $250. The spreads are marked-up and the maximum leverage is 1:100.
This account requires a minimum deposit of $5,000. It comes with monthly access to Tradixa webinars and seminars, marked-up spreads and a maximum leverage of 1:200. Account management services are available.
The minimum amount for opening this account is $15,000. The spreads are marked-up whilst the maximum leverage is 1:300. Account holders have monthly access to Tradixa webinars and seminars. They are also entitled to a session with a private analyst every month. A financial and risk management plan are available upon request.
$50,000 is the minimum amount required to open the brokers platinum account. This account features marked-up spreads and maximum leverage up to 1:300. All the training and consultation entitlements of Gold account holders are also available on this account.
The minimum amount needed to open this account type is $100,000. This account has marked-up spreads and a maximum leverage of 1:400. Account management services and access to premium trading events are available to account holders. Attending Tradixa webinars and seminars anytime they choose and weekly private analyst sessions are part of the benefits. Clients can also request for financial and risk management plans. There are no swaps or interest charged on this account and clients get priority access to breaking news.
This is the highest account level in Tradixa. It is not open to everyone as one requires an invitation to open this type of account. A minimum deposit of $250,000 is required to open this account type. The lowest marked-up spreads and a maximum leverage of 1:400 are the features of this account. Clients get complete access to webinars, seminars and private analyst session. Account management services and access to premium trading events is also a standard feature. Account holders can also get financial and risk management plans. VIP accounts do not get charged with swaps or interests and they get priority access to breaking news.
Demo trading accounts are automatically created once you register a new account. You can easily switch between a demo and a live account on the WebTrader platform. The demo account is preloaded with $25,000 in virtual currency. Demo accounts can be a useful way to practice your online trading strategies whilst enabling you to familiarise yourself with the brokers trading platforms and services.
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 brokers website. Tradixa also has a Facebook page where clients can interact with customer service representatives through Facebook messenger.
Tradixa Deposit & Withdrawal
The minimum deposit on Tradixa is $250 whilst there is no maximum. There are different methods of depositing and withdrawing funds. Funds can be sent in US dollars, British pounds and Euros. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
The payment method has to be verified before funds can be sent to and from a newly opened account to comply with anti-laundering laws. The same method for depositing money must be used for withdrawals. Tradixa strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your Tradixa trading account.
Tradixa accepts the following credit/debit cards for the deposit and withdrawal of funds: Visa, MasterCard, Maestro and PaySafe cards. For withdrawals, a fee of 3.5% is charged.
Clients must verify this method of payment for deposits by sending Tradixa an authentic SWIFT confirmation with the name of the bank and account details. Once the finance team receives this, funds transfer will be effected. There are no commissions but your bank might charge a fee. Bank transfer takes 2-7 days to complete
At present the only eWallet acceptable for deposit/withdrawal by Tradixa is Neteller.
For deposits, clients just have to go to the trading room through their personal account. They can click on the deposit tab on the dropdown menu and choose their option. For withdrawals, an account holder has to click on the withdrawal tab in the trading room which will activate an online withdrawal form that needs to be filled. The company will handle the transfer of the funds to the customer within a maximum of 5 business days. A withdrawal fee of $25 will be charged no matter the withdrawal option.
As broker fees can vary and change, there may be additional fees that are not listed in this Tradixa review. It is imperative to ensure that you check and understand all of the latest information before you open a Tradixa broker account for online trading.
Tradixa Account Opening
To open an account on Tradixa, click on either the ‘Sign up’ tab, ‘Start trading now’ tab or ‘Open an account’ tab on the brokers website. A form will pop up. Fill the form with the details required.
Once this is done, you will be taken to the trading room and logged onto the WebTrader platform. From you platform, you can complete your personal details, verify your account, make deposits and commence trading online.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
Tradixa is an online forex and CFD broker that has an impressive list of instruments for trading online via the provided platforms which are user-friendly and packed with trading tools. They offer their own proprietary WebTrader platform and the ever popular MetaTrader 4 (MT4) platforms.
However, Tradixa is unregulated and located offshore. The spreads are subject to a mark-up and the best trading conditions that the broker can offer requires a large account balance. The minimum deposit is high and the inactivity fee is very expensive. For these reasons, the trading brokers review team would consider an alternative online broker.
Trading Foreign Exchange (Forex) and contracts for differences (CFDs) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital. Therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all of the risks associated with trading on margin.