Radex Markets Review: Unraveling the Puzzle Behind This Broker
So, we stumbled upon the Radex Markets broker, and let’s just say, it’s got a story to tell. It turns out that this broker has an offshore twist to its tale, and we’re here to spill the beans in our Radex Markets review. Read on for more straight facts!
|Radex Markets, GO Markets International Ltd
|Type of company
|Warnings from Financial Regulators
|No official warnings
|Providence Mahe, Seychelles
|+442086101608, [email protected]
|Majority of clients are from
|United Kingdom, Malaysia, Indonesia, Thailand, Vietnam
|Email and phone – Monday – Friday – 12:00 PM – 01:00 AM
What’s the Deal with Radex Markets?
Radex Markets is a broker owned by Go Markets International Ltd. from Seychelles. It shares the stage with its sister companies in Australia and Cyprus. Now, why set up a company offshore with an FSC license alongside a legit brand?
Well, typically, offshore companies are up to no good, possibly using funds to support the “good” brand. Also, know that there’s no compensation fund offshore, which means your money might be at risk. Keep this in mind.
Radex Markets Trading Options
Now, let’s talk about the trading instruments they claim they support. This broker is dishing out a buffet of trading options across four major markets, serving up over 350 products.
From indices, crypto, and FX pairs to CFDs on shares, gold, and oil – they’ve got it all. And the best part? You can access everything on MT4 and MT5, with the Web trader. In addition, we can see that spreads start at 1.1 pips for the regular account. We will elaborate on this later in this review.
Now, the not-so-fun part – withdrawals. Do not get your hopes up and think this trading company has secure payment processes.
Being an offshore player without a compensation fund means it’s not exactly a walk in the park to get your money out. The broker isn’t exactly pulling out all the stops to help, and regulators are in no rush either. If you’ve had a tussle accessing your account or getting your funds, make sure that you report that.
It’s crucial to seek a chargeback and report scammers. Long-term, this can be beneficial to you since you can help others and get your money back at the same time. Overall, it’s best to avoid the Radex Markets login page altogether.
Areas They Target
Radex Markets seems to have its foot in the United Kingdom, Malaysia, Indonesia, Thailand, and Vietnam. But please remember there’s no official regulation in some of these areas. What does that mean?
You might be dancing with the scam devil. Being assigned to an offshore entity without any protections from regulators? This is indeed risky business!
Note: Did you know that Concept Markets raises many questions when it comes to legitimacy? Lack of regulation has caused the company’s operations to come under scrutiny. It’s best to avoid them!
RadexMarkets – Account Types
As we may have mentioned before, Radex Markets scam tries to keep it simple with two account types:
- Standard and
Standard is commission-free, while Raw throws in a $2.5/side commission. Both accounts ask for a $200 deposit and offer 1:500 leverage. The choice is yours, depending on how you roll in the trading world. All in all, make sure that you keep all the risks in mind.
The World of Online Trading Scams
Now, let’s talk about phony players in the trading world. Trading companies like Radex Markets or Innovation Markets often start their charade with flashy ads, promising the moon. More often than not, they will trick you into depositing your funds.
These types of companies play the reliable and intriguing card. Yet, remember, without rules to follow, you may find yourself in a difficult spot. No ESMA, no MiFID – filing a dispute might be your only ticket out.
Trading Platforms Available
This not-so-squeaky-clean broker includes MT4 and MT5, the go-to platforms for many traders. Now, we’re not dismissing their capabilities, but caution is in order given the risky and offshore regulation.
Keep in mind that these platforms are the best options in the trading industry today – MT4 and MT5, or MetaTrader. MetaTrader 5 stands as the advanced version of MT4. Many traders prefer this one, thanks to its fully customizable interface, letting traders personalize charts to their heart’s content.
More advanced tools? Check. Technical indicators? Double-check. These platforms, legit and trustworthy, have more than 80% user preference. Always choose safe brokers that include these, as there’s no room for shady business here.
Trader Reviews on Trustpilot
Now, let’s talk about reviews from other traders. Trustpilot dishes out a decent 4.7 stars for this firm, but let’s not get too starry-eyed.
Remember, this is an offshore trading company without any Tier 1 regulations. Good, but not stellar. When it comes to brokers, aim for the stars – 4.5 and above, with a regulatory seal of approval. Make sure to always play it safe.
Earning Money Trading
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In a nutshell, we can see that this broker is not the best option for you. With offshore regulations, suspicious claims, and more, you should avoid it. Think about your financial future and stay away from phony entities.
To play it safe, remember that we’ve got something better up our sleeves. Explore our offer with a proprietary trading firm, a golden ticket to earning up to $180,000. Your financial journey deserves the best, after all. Stay wise when it comes to your financial future!
Is Radex Markets Regulated?
Radex Markets operates under FSC regulation, but beware of risks with no Tier 1 regulations.
Is Radex Markets a Legit Site?
Legitimacy is questionable here. Offshore operations and no Tier 1 regulations pose risks.
How to Withdraw Money from Radex Markets?
Withdrawing from Radex Markets can be challenging due to its offshore status.