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/10

TXTrade

United Kingdom|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://txtrade.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
TimeExchange-Demo MT4
Server Location Germany

Contact

support@txtrade.com
https://txtrade.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

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Warning: Low score, please stay away!
Previous Detection : 2024-03-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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TXTrade · Company Summary

General Information

TXTrade is allegedly a broker based in the UK, claiming to provide its clients with the maximum leverage up to 500:1, low spreads and various tradable assets with two different account types.

Market Instruments

TXTrade advertises that it offers a variety of trading instruments in financial markets, which include but are not limited to forex and cryptocurrencies.

Account Types

There are two live trading accounts offered by TXTrade, namely Standard and For accounts. Opening a Standard account requires the minimum initial deposit amount of $500, while the For account with a much higher minimum initial capital requirement of $20,000.

Leverage

The maximum leverage ratio provided by TXTrade is much higher than most brokers, up to 500:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Spreads are influenced by what type of accounts traders are holding. TXTrade reveals that the spread on the Standard account starts from 0.0 pips, while the clients on the For account can experience the minimum spread of 0.5 pips.

Deposit & Withdrawal

TXTrade says to accept deposits and withdrawals via VISA, Skrill and others, yet we have no way to verify if these payment options are all really available.

Customer Support

TXTrade‘s customer support can be reached through email: support@txtrade.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers or company address while most brokers offer.

Broker Information

Company Name

Time Exchange Trading Ltd.

Company Abbreviation

TXTrade

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company

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Twitter

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YouTube

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Company address

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Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • support@txtrade.com

Company Summary

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