Tarextradingfx.com Review: Tarex Trading Fx is a Forex broker that claims to have their address at 241 peachtree St Ne, Atlanta, GA 30303, U.S.A. Is it safe to invest funds in TarextradingFx? Consider our reviews and see our expert take on this.
The most vital part of our reviews is uncovering if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not. Furthermore, we go out to check if the platform is rigged and also if they keep to their words. Scam brokers, lists bogus claims, when its time to pay you, their bring up nasty excuses and even block you out of the system.
Thus, we conclude that this is an unlicensed broker. Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well. Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.
Features of Tarextradingfx
Tarex Trading Smart forex says it is an ECN/STP broker that provides its clients with fully transparent Forex trading conditions. And when working with them, you can be sure there are no conflicts of interest and you get high-quality trading services and access to Tier-1 bank liquidity with best prices and rapid execution
It is common for Forex brokers to claim that they provide the best trading environment in the market. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.
TTFX Trading Platform
TTFX does not mention on their page the trading platform they use.
We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots. Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.
These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.
Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.
Empire 4X says it offers currency pairs, cryptocurrency, metals, commodities and indices. This is encouraging because legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.
This broker offers a maximum leverage 1:1000. It is important to note that while some leverages may seem generous, it is not advisable. High leverages can lead to huge loss of funds for inexperienced traders.
Also, it does not reveal what spreads that they will use when trading. Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.
Tarex Trading Fx Deposit and Withdrawal Methods
We found that TarexTradingFx supports withdrawal and deposit via Mastercard, visa, bitcoin, Perfect Money, Skrill, Neteller, FasaPay and bank wire transfer.
The minimum deposit required is $500. This is very high. Usually, many legit brokerages require between $100 – $250 or even lesser.
Tarex Trading Fx ties withdrawals to bonuses. The broker does not also mention charges on dormant accounts as well.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.
Is Tarex Trading Fx Licensed?
No. TarexTradingFx is not a licensed brokerage and cannot be trusted. As a matter of fact the FCA which is the regulatory body in the UK has issues a warning against this broker.
Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, ASIC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.
To get in touch with this Forex broker you can send a message to the email on their website or alternatively fill the form in their contact us page.
TTFX has proven to be a broker unworthy of trust and thus, we rate it low. It also does not reveal enough information for us to go on with and tries to falsify some claims. Do not invest with any company that falsifies claims and hides many of its trading conditions.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website