Abstract:Tech RealFX (Treal FX) is an offshore online Forex and CFD broker that is not currently subject to any active regulation.
Basic Information & Regulation
Tech RealFX (Treal FX) is an offshore online Forex and CFD broker that is not currently subject to any active regulation.
Safety Analysis of Tech RealFX
Tech RealFX is currently an unregulated broker, which means that the safety of investors' funds and trading activities are not protected in any effective way. Investors should choose brokers regulated by the FCA in the UK and CySEC in Cyprus to ensure the safety of their funds.
Market Instruments
Tech RealFX offers investors access to Forex currency pairs, commodities, metals, and CFDs.
Accounts & Leverage of Tech RealFX
Tech RealFX offers investors two different types of accounts, namely Standard and ECN accounts. The minimum deposit requirement for a standard account is $100, while the minimum deposit requirement for an ECN account is unknown. Both accounts have maximum trading leverage of 1:500.
Spreads & Commissions
Standard users on the Tech RealFX platform are only charged a certain spread as commission, while ECN accounts are charged a commission of $8 per lot in addition to a lower spread.
Trading Platforms Available of Tech RealFX
To trade with Tech RealFX, traders have access to the most popular MT4 trading platform on the market today. MT4 is user-friendly, easy to use, contains multiple options, different order types, a large number of charting and analysis tools, and a selection of third-party applications that are compatible with it. Additionally, the MT4 trading platform is also popular for its ability to use expert advisors for automated trading and support for hedging models.
Summary
The main disadvantages of Tech RealFX are:
1. No regulation
2. Unclear transaction costs, no information on spreads
3. Minimum withdrawal limit, no less than $200
4. No access to MT4
5. No information on deposit and withdrawal methods
The forex market, with its daily trading volume exceeding $7.5 trillion, offers vast opportunities for traders. However, this immense market also attracts fraudulent brokers aiming to exploit unsuspecting investors. Recognizing the signs of a scam broker is crucial to safeguarding your capital and ensuring a secure trading experience.
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