TRADIXA LTD-Overview of Minimum Deposit, Leverage, Spreads

Note: Since TRADIXA LTDs official site (https://www.tradixa.world/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

TRADIXA LTD is allegedly a suspicious regulated forex and CFD broker registered in China that claims to provide its clients with a wide range of tradable financial instruments with flexible leverage up to 1:400 on a web-based trading platform, as well as a choice of six different live account types.

Market Instruments

TRADIXA LTD advertises that it 54 various forex pairs and CFDs on various commodities, precious metals, indices, stocks and many cryptocurrencies of Bitcoin, Ethereum, Dash, Monero, Litecoin and Zcash.

Account Types

There are six live trading accounts offered by TRADIXA LTD, namely Basic, Silver, Gold, Platinum, Diamond and VIP. Opening a Basic account requires the minimum initial deposit amount of $250, while the other five account types have much higher minimum initial capital requirements of $5,000, $15,000, $50,000, $100,000 and $250,000 respectively.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Basic account can experience leverage of 1:100, the Silver account with leverage of 1:200, the Gold and Platinum account with leverage of 1:300, while Diamond and VIP accounts can enjoy the maximum leverage of 1:400.

Spreads

As tested with a demo account of TRADIXA LTD, the spread for the EUR/USD pair was fixed at 3 pips, which is twice the spread traders usually find acceptable with a standard account.

Trading Platform Available

The platform available for trading at TRADIXA LTD is a web-based trading platform, just as the below screenshot shows. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

TRADIXA LTD says it would take 7 business days to process withdrawal requests. Traders who registered and deposited funds for using one of the auto-trading software products and wish to close the account and withdraw the funds before trading at least 20 traders with the software will be charged $100 as an auto-trading fee. However, there isnt any information about deposit and withdrawal payment methods specified on the Internet.

Fees

TRADIXA LTD says that it will charge a $100 dormant fee for traders who have not traded for just 45 days.

Customer Support

Unluckily, we didn‘t find any useful information about TRADIXA LTD’s customer support on the Internet. Generally, regulated brokers will reveal their telephone numbers, email or company address to let their clients get in touch with them.