TRADEVEXO is a forex and CFD broker that claims to offer a wide range of trading instruments, competitive spreads, fast execution, and reliable customer support. But is TRADEVEXO a trustworthy broker or a scam? In this review, we will examine the features, advantages, and disadvantages of TRADEVEXO and help you decide if it is a good choice for your trading needs.
TRADEVEXO Regulation and Security
One of the most important factors to consider when choosing a broker is its regulation and security. A regulated broker must comply with certain rules and standards that protect the interests and funds of its clients. A regulated broker also provides a level of assurance that it is not involved in fraudulent or illegal activities.
TRADEVEXO claims to be regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines, but this is not a reliable or reputable regulator. The FSA does not have any strict requirements or oversight for forex brokers, and it does not offer any compensation scheme or dispute resolution mechanism for traders. Therefore, TRADEVEXO is essentially an unregulated broker that operates in a jurisdiction with no financial regulation.
This means that TRADEVEXO does not have to segregate its clients’ funds from its own, which exposes them to the risk of losing their money if the broker goes bankrupt or engages in fraud. TRADEVEXO also does not have to provide any proof of its financial stability, liquidity, or solvency, which raises doubts about its ability to meet its obligations to its clients. Moreover, TRADEVEXO does not have to adhere to any ethical or professional standards, such as fair pricing, transparent execution, or responsible marketing.
Therefore, we advise traders to avoid TRADEVEXO and choose a broker that is regulated by a reputable authority, such as the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). These regulators have strict rules and standards for forex brokers, such as minimum capital requirements, client fund segregation, regular audits, negative balance protection, and participation in compensation schemes. These regulators also have the power to impose fines, sanctions, or revoke licenses for brokers that violate their rules or harm their clients.
TRADEVEXO Trading Platforms
TRADEVEXO offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These are popular and widely used platforms among forex traders, as they offer a user-friendly interface, advanced charting and analysis tools, custom indicators and expert advisors, multiple order types and execution modes, and automated trading capabilities. Both platforms are available as desktop applications, web-based versions, and mobile apps for iOS and Android devices.
However, TRADEVEXO does not provide any information about its trading conditions on its website, such as the spreads, commissions, leverage, margin requirements, or execution policy. This is a red flag, as it indicates that the broker is not transparent or honest about its services and fees. Moreover, we found some negative reviews from traders who complained about TRADEVEXO’s high spreads, hidden charges, poor execution, and frequent requotes.
Therefore, we advise traders to be cautious when dealing with TRADEVEXO.
What to Do If You’ve Lost Money with TRADEVEXO?
If you have been scammed by TRADEVEXO or any other broker, you’ll want to seek assistance from cryptocointrace.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Cryptocointrace.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.