RADEX MARKETS

General Information & Regulation

Radex Markets is an offshore branch of Australia-based broker GO Markets. The company behind Radex Markets, GO Markets International Ltd, is registered in the Seychelles.

Markets Instruments

Tradable instruments available on theRadex Markets platform include forex currency pairs, indices, precious metals, and commodities.

Minimum Deposit

Radex Markets offers two types of accounts – Standard and Raw. The minimum deposit is USD 200, which is comparable to usual industry levels. But it should be noted that there are also many brokers on regulated markets that offer accounts for beginner traders with a low minimum deposit.

Leverage

With Radex Markets, leverage offered – reach up to 1:500. In regulated markets such levels are only allowed for professional traders. For retail traders, regulators impose limits of 1:30 in the EU and UK and 1:50 in the US.

Spreads & Commissions

The Standard account description states that Radex Market does not take commissions and only earns on the spread. For the standard account on Radex Market, a spread of 1.1 pip is specified. In the MT4 platform we saw slightly higher levels of 1.2-1.5 pips, but this is still well within the industry norm.

Trading Platform Available

Radex Markets offers the most widespread trading platform in the industry – MetaTrader 4 (MT4). Only recently has the newer MetaTrader 5 managed to overtake MT4 in number of users, but the older platform remains the leader in trading volume.These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies. The platform is available on Windows, Mac as well as Android and iOS mobile devices.

Deposit& Withdrawal

There is only one method to deposit and withdraw money from a Radex Market account – bank wire transfer. Most brokers on regulated markets typically offer a wider choice for payment methods, including credit/debit card and popular e-wallets such as PayPal, Neteller or Sofort. Radex Markets charges withdrawal fees if certain minimum traded volume requirements are not met. These fees are 2.5% of the amount, but not less than 20 USD. An account with a deposit of up to 500 USD must trade 0.1 standard lots, or 10 000 currency units, to avoid having to pay withdrawal fees. With a deposit of more than 8 000 USD, the requirement now becomes 10 lots, or 1 000 000 currency units.