[vc_row][vc_column][vc_column_text]
Tradixa Broker Review
If you have any concerns regarding the Tradixa broker and how they conduct business, we can assure you that your suspicions are valid. Instead of putting it off any longer, read our Tradixa review and find out everything we were able to discover.
Broker status: Offshore Broker
Regulated by: Unregulated brokerage
Blacklisted as a Scam by: FCA
Owned by: Tradixa Ltd
Headquarters Country: Saint Vincent and the Grenadines
Foundation year: 2020
Supported Platforms: MT4, web trader
Minimum Deposit: $250
Cryptocurrencies: Available – DASH, BTC, ETH
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:400
Free Demo Account: No
Accepts US clients: N/A
Tradixa Regulation
Based in Saint Vincent and the Grenadines, Tradixa essentially operates as an anonymous trading firm. The official owner was not made public, and there is no regulatory authority. As you may be aware, SVG doesn’t have a formal financial regulator; instead, it just has a trade registration called FSA, which instructs brokers to choose the regulation in the country where their services are provided. Even though we wanted to think Tradixa was different from the other offshore frauds, it turns out that it is.
There are clear signs that this business is connected to Brokerz, a Bulgarian boiler room run by All Media EOOD. As your only assurance for withdrawals, if you wish to start investing, look for brokers with a Tier 1 license.
Warnings From Financial Regulators
Since the beginning of 2020, this broker has been defrauding customers by using numerous distinct names. The initial report of the scam using the domain name tradixa.net came from the Italian regulatory organization CONSOB.
The UK FCA issued a warning to tradixa.com shortly after the broker changed its domain and carried on with its fraudulent practices, indicating that anyone engaged could not get their money back through a regulatory compensation fund.
Fund Withdrawal Issues
We are not shocked to find that there have been multiple withdrawal concerns because the broker is offshore and does not have any regulatory control. According to Tradixa evaluations, we discovered that a large number of customers who requested withdrawals later on were unable to access their trading accounts. It signifies that this business employs the frozen account strategy to deny customers access to their money and force payouts.
Areas Of Tradixa Scam
Reviews indicate that the broker mostly conducts business in Greece, Italy, and Spain. However, based on the FCA warning, we may deduce that it’s operating not just in Australia, Austria, the Netherlands, and many other places, but also in the UK.
As far as we are aware, Tradixa has no restrictions and offers its illegal services worldwide. By accepting their offer, you run the risk of becoming the next victim of fraud.
Traders About Tradixa Scam
The broker has a dismal Trustpilot rating, receiving only 2.1 stars. It appears that the company is extorting money from customers without following up with calls. Calls to account managers will simply go unanswered if you make an attempt to contact them because there is no longer anything they can demand.
Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]
