RexHub Forex Broker

Aspect Information Registered Country/Area Cyprus Company Name RexHub Regulation Unregulated Minimum Deposit Standard: $1,000, Gold: $5,000, Platinum: $25,000 Maximum Leverage Up to 1:500 Spreads Standard: EUR/USD 1.5 pips, Gold: EUR/USD 1.2 pips, Platinum: EUR/USD 0.9 pips Trading Platforms MetaTrader 4 (MT4) Tradable Assets Forex, Precious Metals, Goods Account Types Standard, Gold, Platinum Customer Support Phone: +61 2 8459 8050, Email: support@rexhubfx.com Payment Methods Bank Wire, Visa, Mastercard Educational Tools Limited educational resources Overview RexHub, an unregulated broker based in Cyprus, presents several concerning aspects. Despite offering different account types and leverage up to 1:500, its minimum deposits ranging from $1,000 to $25,000 might deter many traders. Moreover, the broker's website being down adds to the uncertainty and lack of transparency surrounding its operations. With limited educational resources, traders seeking guidance may find themselves at a disadvantage. While it does provide access to the MetaTrader 4 platform and offers trading in forex, precious metals, and goods, RexHub's unregulated status and unreliable online presence raise significant red flags. Additionally, its customer support options are limited, which could hinder timely issue resolution and support for traders. Regulation Unregulated. RexHub may face dire consequences should they choose to employ counterfeit clone licenses, as this unethical practice carries the potential for legal troubles, regulatory scrutiny, severe reputation damage, and industry blacklisting.Using fake clone licenses as a broker at RexHub carries significant risks, including legal consequences such as criminal charges and fines, license revocation, civil lawsuits, regulatory scrutiny, and reputation damage. It could also lead to industry blacklisting, increased compliance costs, loss of talent, and difficulties in attracting clients. In summary, engaging in such unethical practices poses severe threats to RexHub's viability and reputation. Pros and Cons Pros Cons Diverse Market Instruments Unregulated Broker Access to Forex, Precious Metals, and Goods Risk of Using Counterfeit Clone Licenses Multiple Account Types Limited Customer Support Options High Leverage Lack of Educational Resources Competitive Spreads Limited Communication Channels Access to MetaTrader 4 No Active Social Media Presence RexHub offers a range of market instruments and multiple account types, providing traders with flexibility. The broker also provides competitive spreads and access to the popular MetaTrader 4 platform. However, there are significant drawbacks, including its unregulated status, the risk of using counterfeit clone licenses, limited customer support options, and a lack of educational resources. Additionally, RexHub's communication channels and social media presence are limited, which may affect the overall customer experience. Traders should carefully consider these pros and cons when evaluating RexHub as a trading platform. Market Instrument Forex Instruments: The broker provides a diverse range of forex instruments, allowing traders to participate in the foreign exchange market. Forex, short for foreign exchange, involves the trading of currency pairs. These pairs include major currencies like the US Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP), as well as various minor and exotic currency pairs. Traders can speculate on the price movements of these currency pairs, aiming to profit from fluctuations in exchange rates. Precious Metal Instruments: In addition to forex, the broker offers trading instruments related to precious metals. Precious metals are known for their intrinsic value and are often used as a hedge against inflation and economic uncertainty. Common precious metals available for trading include Gold (XAU/USD), Silver (XAG/USD), Platinum (XPT/USD), and Palladium (XPD/USD). Traders can take positions on these metals to benefit from price fluctuations or to diversify their portfolios. Goods Instruments: The broker also offers trading instruments related to goods, which typically encompass commodities such as agricultural products, energy resources, and industrial metals. These instruments provide traders with exposure to a wide array of physical goods, including crude oil, natural gas, coffee, wheat, and copper. Trading goods can be particularly appealing for investors looking to diversify their portfolios or capitalize on trends in global commodity markets. This table provides an overview of the various market instruments offered by the broker, with examples of specific trading pairs or symbols associated with each category. Traders can choose from these instruments to diversify their portfolios and take advantage of different market opportunities. Account Types Here are three account types that the broker offers to its clients: Standard Account: Minimum Initial Deposit: $1,000 Leverage: Up to 1:100 Access to all available market instruments, including forex, precious metals, and goods. Standard customer support services. No additional fees for account maintenance. Daily market analysis and research reports. Gold Account: Minimum Initial Deposit: $5,000 Leverage: Up to 1:200 Access to all available market instruments, including forex, precious metals, and goods. Dedicated account manager. Priority customer support services. Access to premium market analysis tools and signals. Reduced swap fees for overnight positions. Platinum Account: Minimum Initial Deposit: $25,000 Leverage: Up to 1:500 Access to all available market instruments, including forex, precious metals, and goods. Personalized trading strategy consultation with a financial analyst. 24/7 dedicated account manager. Access to exclusive trading webinars and educational resources. Zero commissions on trades. Fast-track withdrawal processing. Leverage This broker offers a maximum leverage of 1:500, allowing traders to control larger positions with a smaller capital investment. However, it's important to exercise caution when using high leverage, as it can amplify both profits and losses. Traders should have a thorough understanding of leverage and consider their risk tolerance before utilizing it in their trading activities. Spreads & Commissions The broker provides different trading account types, each with varying spreads and features, offering traders flexibility in choosing the one that suits their preferences and trading goals. Standard Account: The Standard Account offers competitive spreads, such as 1.5 pips for EUR/USD and 2.0 pips for GBP/USD. Precious metals like XAU/USD (Gold) have a fixed spread of $0.50, and commodities like Crude Oil (WTI) and Natural Gas have spreads of $0.04 and $0.02, respectively. Notably, there are no additional commissions associated with trades in this account. Traders can initiate their trading journey with a minimum initial deposit of $1,000 and leverage of up to 1:100. The Standard Account also provides standard customer support services, daily market analysis, and research reports. Gold Account: The Gold Account features tighter spreads than the Standard Account, with EUR/USD at 1.2 pips and USD/JPY at 0.9 pips. Precious metals, such as XAU/USD (Gold), come with a fixed spread of $0.40, while commodities like Crude Oil (WTI) and Natural Gas have spreads of $0.03 and $0.015, respectively. Similar to the Standard Account, there are no commissions charged for trades in this account. Traders can open a Gold Account with a minimum initial deposit of $5,000 and leverage of up to 1:200. Additional benefits include access to a dedicated account manager, priority customer support, and premium market analysis tools. Platinum Account: The Platinum Account offers the tightest spreads among the account types, with EUR/USD at 0.9 pips and USD/JPY at 0.7 pips. Precious metals like XAU/USD (Gold) feature a fixed spread of $0.30, while commodities such as Crude Oil (WTI) and Natural Gas have spreads of $0.02 and $0.01, respectively. Commissions are not applied to trades in the Platinum Account. Traders can access this premium account with a minimum initial deposit of $25,000 and leverage of up to 1:500. Additional advantages include personalized trading strategy consultations, 24/7 dedicated account management, exclusive trading webinars, zero commissions, and expedited withdrawal processing. These account types are designed to cater to traders' diverse needs, offering different spreads and benefits to accommodate varying trading preferences, risk tolerances, and financial capabilities. It is advisable for traders to carefully evaluate their trading objectives and select the account type that aligns most effectively with their requirements. Deposit & Withdrawal Traders can conveniently manage their funds with this broker, offering multiple payment options. Bank Wire: Securely deposit and withdraw funds via bank wire transfers. Visa: Use Visa debit or credit cards for hassle-free deposits and withdrawals. Mastercard: Mastercard debit and credit cards are also accepted for seamless transactions. Transaction processing times and potential fees may vary, so traders are encouraged to check the broker's website or contact customer support for detailed information and payment method preferences. Trading Platforms This broker provides traders with access to the popular and widely recognized trading platform, MetaTrader 4 (MT4). MT4 is renowned for its user-friendly interface, advanced charting tools, and robust technical analysis capabilities. It offers a comprehensive suite of features that cater to both novice and experienced traders. Key Features of MT4: User-Friendly Interface: MT4's intuitive design allows traders to navigate the platform with ease, making it accessible to traders of all levels. Advanced Charting: The platform offers an array of technical indicators, charting tools, and customizable chart templates, enabling traders to conduct in-depth technical analysis. Automated Trading: MT4 supports algorithmic trading through Expert Advisors (EAs), allowing traders to automate their trading strategies. Real-Time Quotes: Traders can access real-time market data, including live quotes and price charts, to make informed decisions. One-Click Trading: MT4 facilitates quick and efficient order execution with one-click trading functionality. Mobile Trading: The platform is available as a mobile app, ensuring traders can monitor and manage their positions on the go. Multiple Asset Classes: MT4 supports trading in various asset classes, including forex, commodities, indices, and more, providing a diverse range of investment opportunities. Security: MT4 employs advanced security measures to safeguard traders' personal and financial information. Overall, MT4 is a robust and versatile trading platform known for its reliability and flexibility. Traders can execute their trading strategies efficiently, conduct thorough technical analysis, and access a wide range of trading instruments. It remains a preferred choice for many traders in the financial markets. Customer Support While this broker does offer a contact phone number, +61 2 8459 8050, it's important to note that the availability of other communication channels is limited. The absence of active social media profiles, such as Twitter, Facebook, Instagram, LinkedIn, WhatsApp, QQ, or WeChat, could be seen as a potential drawback for traders who prefer multiple ways to get in touch with customer support. The reliance on a single customer service email address, support@rexhubfx.com, raises concerns about the accessibility and responsiveness of the support team. Traders who require immediate assistance or have urgent queries may face challenges in obtaining timely resolutions. In summary, while there is a phone number provided, the limited availability of additional customer support options may impact the overall customer experience, especially for those who prefer a broader range of communication channels. Educational Resources Regrettably, this broker appears to fall short in terms of providing educational resources to assist traders in improving their skills and knowledge in the financial markets. The absence of educational materials such as webinars, tutorials, articles, or video content could be seen as a limitation for traders seeking guidance and learning opportunities. Lack of educational resources may hinder traders, particularly those who are new to trading, in developing effective strategies and understanding market dynamics. Traders might need to rely on external sources or education providers to fill this void, potentially resulting in an additional time and effort investment. In conclusion, the absence of educational resources within the broker's offerings may be disappointing for traders who value access to learning materials as an integral part of their trading journey. Summary RexHub, an unregulated broker, faces significant risks due to unethical practices like employing counterfeit clone licenses. These practices could lead to legal troubles, regulatory scrutiny, reputation damage, and industry blacklisting. The broker offers a range of market instruments, including forex, precious metals, and goods, but its limited customer support options and lack of educational resources are significant drawbacks. Traders should exercise caution when considering RexHub as their trading platform, given these shortcomings. FAQs Q1: Is RexHub a regulated broker？ A1: No, RexHub is an unregulated broker, which means it operates without oversight from financial regulatory authorities. Q2: What are the consequences of using counterfeit clone licenses with RexHub？ A2: Using fake clone licenses at RexHub can result in legal issues, regulatory scrutiny, reputation damage, and industry blacklisting. Q3: What trading account types does RexHub offer？ A3: RexHub provides three account types: Standard, Gold, and Platinum, each with varying minimum deposits, leverage, and benefits. Q4: Does RexHub offer educational resources for traders？ A4: Unfortunately, RexHub lacks educational resources such as webinars, tutorials, or articles to help traders improve their skills and knowledge. Q5: What is the maximum leverage offered by RexHub？ A5: RexHub offers a maximum leverage of 1:500, allowing traders to control larger positions, but they should exercise caution due to the associated risks.