TREX trade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://txac.trexfx.com/real_pc.html?locale=en&utm_source=google&utm_medium=directclick&utm_campaign=link, about the company's legal and temporary regulatory information, the company's address First Floor, First St. Vincent Bank Ltd Building, P. O Box 1574, James Street, Kingstown, St. Vincent& the Grenadines..
TREX Trade, officially known as TREX Global Limited, was established in December 2008. The company's headquarters is located in Saint Vincent and the Grenadines, specifically at the first floor of the First St. Vincent Bank Ltd. building, James Street, Kingstown. TREX Trade operates as a private entity and primarily serves retail clients interested in trading various financial instruments.
Since its inception, TREX Trade has focused on providing a diverse range of trading services, including foreign exchange (forex), precious metals, stock indices, and crude oil. The broker has built a reputation for offering comprehensive financial investment training and advisory services, catering to both individual traders and corporate clients. Over the years, TREX Trade has achieved significant milestones, including expanding its product offerings and enhancing its trading platform capabilities.
The company operates under a multi-asset brokerage model, allowing clients to access a variety of financial markets. This structure enables TREX Trade to cater to a broad spectrum of clients, from novice traders to experienced investors seeking advanced trading solutions.
TREX Trade claims to be regulated by several entities, including the National Futures Association (NFA), with license number 0529711, and the Financial Services Commission (FSC) in Mauritius, with license number C119023919. However, there are concerns regarding the legitimacy of these licenses, as multiple sources indicate that TREX Trade operates without proper regulatory oversight.
The broker does not provide clear information about the scope and validity of its regulatory licenses, raising questions about the protection of client funds. Customer funds are not segregated, which poses a risk in case of financial difficulties faced by the broker. Furthermore, there is no evidence of participation in an investor compensation scheme, which typically offers additional protection to traders in the event of broker insolvency.
TREX Trade asserts compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations; however, the lack of transparent regulatory oversight diminishes the effectiveness of these measures. Given these factors, potential clients are advised to exercise caution when considering TREX Trade as their broker.
TREX Trade offers a wide array of trading products across various asset classes. The broker provides access to over 49 currency pairs, including major, minor, and exotic pairs such as EUR/USD, USD/JPY, and GBP/USD. In addition to forex, TREX Trade also facilitates trading in Contracts for Difference (CFDs), which include indices, commodities, stocks, and cryptocurrencies.
The available CFD products include popular indices such as the Dow Jones 30 (DJ30) and the S&P 500, alongside commodities like gold, silver, and crude oil. TREX Trade frequently updates its product offerings, ensuring that clients have access to the latest market trends and investment opportunities.
For retail traders, TREX Trade provides comprehensive trading services that include market analysis, educational resources, and risk management tools. Additionally, the broker is also equipped to serve institutional clients, offering tailored solutions to meet their specific trading needs.
TREX Trade supports the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and robust trading features. The broker also offers its proprietary trading platform, designed to accommodate various trading styles, including day trading, position trading, and swing trading.
The proprietary platform provides essential tools such as one-click trading, live market news, and access to comprehensive market depth, allowing traders to make informed decisions. Additionally, TREX Trade's platform is designed to execute transactions quickly, with an average execution time of 0.3 seconds.
For mobile trading, TREX Trade offers applications compatible with both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go. The broker's infrastructure includes servers located in strategic regions, ensuring optimal performance and minimal latency.
TREX Trade also supports API access, allowing advanced traders to integrate automated trading systems and algorithms, enhancing their trading capabilities.
TREX Trade offers several account types to cater to different trading preferences and experience levels. The available accounts include:
TREX Trade allows a minimum trade size of 0.01 lots across all account types, with an overnight fee policy that is not explicitly detailed on their website. This flexibility in account types and trading conditions is designed to accommodate a wide range of traders, from beginners to professionals.
TREX Trade supports multiple deposit and withdrawal methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type, starting at $50 for the Mini Account. Deposits are typically processed instantly, although the exact processing time may vary based on the method used.
While TREX Trade claims that deposits are free of charge, clients should verify the fees associated with their chosen payment method. Withdrawals can be made through similar channels, but clients should be aware of potential restrictions and processing times, which are generally stated to be around 30 minutes.
The withdrawal fees structure is not clearly outlined, and clients are encouraged to check the specifics with customer support before initiating a withdrawal.
TREX Trade provides customer support through various channels, including email, phone, and live chat. Their support team is available 24/7, ensuring that clients can receive assistance whenever needed. The broker offers support in both English and Vietnamese, catering to a diverse clientele.
In terms of educational resources, TREX Trade provides market analysis services, including daily market reports and trading signals. However, the availability of structured educational materials such as webinars, tutorials, or eBooks appears limited.
Trading tools such as calculators and economic calendars are also offered to help traders make informed decisions. Despite the lack of extensive educational resources, the broker aims to support traders with essential market insights and analysis.
TREX Trade primarily serves clients in Vietnam and India, with a focus on these markets. The broker has a physical presence in Saint Vincent and the Grenadines, which serves as its primary operational base. However, it is essential to note that TREX Trade does not accept clients from certain jurisdictions, including the United States, due to regulatory restrictions.
The broker's regional operations are designed to cater to the specific needs of its target markets, while also adhering to local regulations. Clients should verify their eligibility to open an account with TREX Trade based on their country of residence.
In summary, while TREX Trade offers a range of trading products and services, potential clients should carefully consider the regulatory environment, customer feedback, and the broker's operational practices before proceeding with any investments. The absence of robust regulatory oversight and reports of withdrawal difficulties from clients are critical factors to assess when evaluating the suitability of TREX Trade as a trading partner.
FX3343971025
Mexico
I have deposited €705 from my bank. They told me that I would have to choose to provide insurance for services and operations, and I did so, and then they told me that it enters my account. When I did it, the page did not work it. It fell out.
Exposure
2022-01-13
FX3283136099
Argentina
I deposited $52.92 but my balance disappeared gradually. Please help me.
Exposure
2021-09-02
Lucky71540
Belarus
I hate to say this, but spreads offered by this broker were not that low as they hyped, with spreads on the eur/usd reaching up to 20-30 pips. TREX’S trading platform also sucks, always executing your order slowly, giving you wrong signals…
37130
2023-02-21