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RADEX MARKETS

Seychelles|2-5 years|
Retail Forex License|Suspicious Scope of Business|Medium potential risk|Offshore Regulated|

https://www.radexmarkets.com/en/Home/Index

Website

Rating Index

Contact

+44 20 8610 1608
support@radexmarkets.com
https://www.radexmarkets.com/en/Home/Index
Office No.1, First Floor, Siva's Complex, Providence, Mahe, Seychelles.

Licenses

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

Single Core

1G

40G

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Disclosure

Danger

ID BAPPEBTI
2022-09-20
"Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities"
RADEX MARKETS
OctaFX
Globalanalytics

Contact number

English

+44 20 8610 1608

Broker Information

More

Company Name

GO Markets International Ltd Co.

Company Abbreviation

RADEX MARKETS

Platform registered country and region

Seychelles

Company website
Twitter
Facebook
Instagram

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 2
Previous Detection : 2024-05-18
  • The Seychelles FSA regulation with license number: SD043 is an offshore regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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RADEX MARKETS · Company Summary

RADEX MARKETS Review Summary
Founded 2019
Registered Country/Region Seychelles
Regulation FSA (Offshore Regulatory)
Market Instruments Forex, metals, CFD, shares CFDs, Crypto CFDs
Demo Account Available
Leverage 1:500
EUR/ USD Spreads 1.1 pips (Std)
Trading Platforms MT4, MT5
Minimum Deposit $200
Customer Support Phone, email, Twitter, Facebook and Instagram

What is RADEX MARKETS?

RADEX MARKETS, as a brokerage firm with offshre FSA regulation, offers traders a choice between spread-based and commission-based trading accounts. RADEX MARKETS provides a diverse range of trading instruments across various asset classes. Traders can choose between two types of trading accounts. While slippage can occur in certain market conditions, which make trade risky.

RADEX MARKETS home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• A range of trading instruments • FSA (Offshore Regulatory)
• Trading tools and educational resources provided • Limited funding options
• Demo accounts available • Negative review
• MT4 and MT5 supported • No live chat support
• Social media presence

RADEX MARKETS Alternative Brokers

There are many alternative brokers to RADEX MARKETS depending on the specific needs and preferences of the trader. Some popular options include:

  • Axi – A well-regulated and respected trading broker with a range of advanced trading tools, making it an excellent choice for professional traders seeking advanced trading capabilities.

  • BlackBull Markets – A reputable forex and CFD broker known for its institutional-grade liquidity, competitive pricing, and advanced trading technology.

  • ForexMart – A well-established brokerage offering a wide range of trading services, including forex, CFDs, and cryptocurrencies, with a focus on excellent customer support and educational resources.

Is RADEX MARKETS Safe or Scam?

RADEX MARKETS is regulated by the Seychelles Financial Services Authority (FSA), which is an autonomous regulatory body responsible for the non-bank financial services in Seychelles. However, FSA regulation with license number: SD043 is an offshore regulation.

offshore regulated by FSA

As with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Market Instruments

RADEX MARKETS offers a diverse range of trading instruments across various asset classes.

  • FOREX: RADEX MARKETS allows trading in the Forex market, which involves buying and selling different currency pairs, such as EUR/USD or GBP/JPY.

  • METALS: Traders can trade precious metals, such as gold, silver, platinum, and palladium, with RADEX MARKETS. These metals are traded as commodities and can act as a hedge against inflation or a safe haven during times of economic uncertainty.

  • CFD/INDICES: RADEX MARKETS provides Contract for Difference (CFD) trading on various stock indices, allowing traders to speculate on the price movements of major indices like S&P 500, FTSE 100, or Nikkei 225 without owning the underlying assets.

  • SHARE CFDS: Traders can access a wide range of Share CFDs, which are derivative products that allow trading on the price movements of individual stocks. This enables traders to speculate on the performance of shares without owning the actual shares.

  • CRYPTO CFDS: RADEX MARKETS offers trading in Cryptocurrency CFDs, allowing traders to speculate on the price movements of cryptocurrencies like Bitcoin, Ethereum, or Litecoin. CFD trading allows traders to potentially profit from both rising and falling cryptocurrency prices without directly owning the digital assets.

Account Types

RADEX MARKETS provides two types of trading accounts: Raw account and Standard account.

  • Raw Account:

The Raw account offered by RADEX MARKETS is designed for traders who prefer raw spreads and lower trading costs. This account type typically features tight spreads directly from liquidity providers, along with a commission charge per trade.

  • Standard Account:

The Standard account is suitable for traders who prefer a more traditional trading experience. This account type generally has slightly higher spreads compared to the Raw account but does not have a commission per trade. Traders using the Standard account can execute trades with fixed or variable spreads, depending on the specific market conditions.

Both the Raw account and Standard account have a minimum deposit requirement of $200, making them accessible to a wide range of traders. These accounts provide traders with the necessary tools and market access to participate in various trading strategies across different asset classes.

RADEX MARKETS also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.

Leverage

RADEX MARKETS offers a maximum leverage of 1:500 to its traders. Leverage is a tool that allows traders to control positions larger than their account balance, amplifying potential profits. However, it's important to understand that leverage also increases the level of risk involved in trading.

Traders can trade positions that are 500 times larger than their account balance. This means that even with a relatively small deposit, traders can access larger market exposure. Higher leverage can potentially generate higher returns if trades are successful. However, it's crucial to recognize that leverage is a double-edged sword.

Spreads & Commissions

RADEX MARKETS offers two types of trading accounts, each with different spreads and commission structures:

Raw Account Standard Account
Spreads From 0.0 pips From 1.1 pips
Commission $2.5 USD per side No commission

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
RADEX MARKETS 1.1 pips (Std) None (Std)
Axi 0.4 pips None
BlackBull Markets 0.2 pips None
ForexMart 0.0 pips None

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

RADEX MARKETS provides its clients with access to two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are widely recognized and trusted within the trading industry, offering a range of powerful features and tools to enhance the trading experience.

  • MetaTrader 4 (MT4):

MT4 is a well-established and user-friendly trading platform that has been widely adopted by traders around the world. It offers a comprehensive suite of charting and technical analysis tools, allowing traders to analyze market trends, identify trading opportunities, and execute trades with ease. MT4 supports various order types, including market orders, pending orders, and stop orders, providing flexibility for different trading strategies. Traders can also utilize expert advisors (EAs), which are automated trading systems, to execute trades based on predefined strategies. With its intuitive interface and extensive functionality, MT4 is suitable for traders of all experience levels.

MT4
  • MetaTrader 5 (MT5):

MT5 builds upon the features of MT4 and offers additional capabilities and enhanced performance. While retaining the familiar interface of MT4, MT5 provides more advanced charting tools, additional order types, and improved backtesting capabilities. One significant difference of MT5 is its ability to trade various asset classes, including stocks, futures, and options, in addition to forex and CFDs like MT4. MT5 also supports a multi-threaded strategy tester, enabling traders to backtest and optimize their trading strategies efficiently.

MT5

See the trading platform comparison table below:

Broker Trading Platform
RADEX MARKETS MT4, MT5
Axi MT4
BlackBull Markets MT4, MT5
ForexMart MT4

Trading Tools & Educational Resources

  • Economic Calendar:

- Provides important announcements from major regions worldwide.

- Customizable to focus on specific events impacting Forex, Index, and Commodity markets.

- Displays previous results, consensus forecasts, and actual outcomes.

- Indicates expected market volatility levels.

Economic Calendar
  • Guides & Tutorials:

- Suitable for beginners and experienced traders.

- Helps traders get started and advance their trading techniques.

- Covers a wide range of topics, from basic concepts to advanced strategies.

Guides & Tutorials
  • Partnership with Trading Central:

- Access to powerful tools for finding and validating new opportunities.

- Helps traders time their trades effectively.

- Provides tools for managing trading risks.

Partnership with Trading Central

Deposits & Withdrawals

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.

RADEX MARKETS minimum deposit vs other brokers

RADEX MARKETS Most other
Minimum Deposit $200 $100

User Exposure on WikiFX

On our website, you can see reports of unable to severe slippage. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +44 20 8610 1608 (Monday – Friday 12:00 PM - 01:00 AM (AEST))

Email: support@radexmarkets.com

newaccounts@radexmarkets.com

Address: Office No.1, First Floor, Siva's Complex, Providence, Mahe, Seychelles

contact details

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and Instagram.

Twitter: https://twitter.com/RadexMarkets

Facebook: https://www.facebook.com/radexmarkets

Instagram: https://www.instagram.com/radexmarkets/

RADEX MARKETSoffers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

online messaging

Conclusion

In conclusion, RADEX MARKETS offers traders a choice between spread-based and commission-based trading accounts, providing access to a diverse range of over 350 tradable instruments across various asset classes. Traders can access these markets through the popular MT4/5 platforms, enjoying competitive features and maximum leverage of 1:500.

It is worth noting that RADEX MARKETS operates under offshore regulation, which have different considerations compared to onshore regulations. Traders should carefully assess their risk tolerance and conduct thorough research before engaging in trading activities with RADEX MARKETS.

Frequently Asked Questions (FAQs)

Q 1: Is RADEX MARKETS regulated?
A 1: Yes. It is offshore regulated by FSA.
Q 2: How can I contact the customer support team at RADEX MARKETS?
A 2: You can contact via telephone, +44 20 8610 1608 and email, support@radexmarkets.com.
Q 3: Does RADEX MARKETS offer demo accounts?
A 3: Yes.
Q 4: Does RADEX MARKETS offer the industry leading MT4 & MT5?
A 4: Yes. It offers MT4 and MT5.
Q 5: What is the minimum deposit for RADEX MARKETS?
A 5: The minimum initial deposit to open an account is $200.
Q 6: Is RADEX MARKETS a good broker for beginners?
A 6: No. It is not a good choice for beginners because of its offshore status.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

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11

Comments

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KeaH
more than one year
I chose the raw account type, intend to get some raw spreads, and the slippage every time the position was closed was 5-7 pips. But in the last few days we have suffered from another slippage, increasing gradually from 12 pips up to 26-35 pips plus slippage on closing up to 40 pips. For a scalping player like me, the odds of losing as well as hitting a one-way stoploss are easier. When you open 1 lot position, you can lose up to 400$ when you are out of order, I think this is an unreliable broker.
2024-04-30 18:13
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0
0
gusasjb
more than one year
I have been practicing on the demo page and so far have made $36.90. Currently, I have made an investment to start trading on my active account. But it's still in submission, once I'm done, I'll need you to activate my trading account.
2024-03-20 18:21
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0
0
FX1490773481
more than one year
Took off on a trading voyage with RADEX Markets, a savvy player hailing from Seychelles. FSA regulation added the trust factor right in. There was a variety of market instruments in the sandbox - shares CFDs, Crypto CFDs, you name it. The demo account was a great training ground. EUR/USD Spread at 1.1 pips (Std) kept things tight. The MT5 platform was my captain through this financial voyage. Starting off was no hurdle with a minimum deposit of just $200. And here comes the kicker - they're ready to assist you via phone or email? They've got your back there too!
2023-12-04 14:20
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0
0
FX1489185494
more than one year
Ventured into the trading jungle with RADEX Markets, a young buck founded in 2019, based out in the exotic Seychelles. Under the FSA wing, safety gear was checked. When it came to trading, it was an all-star lineup with Forex, metal, and CFD leading the way. Tried my hand at the demo account before the real race. Revving it up with 1:500 leverage – things sure get heated! And the awesome MT4 platform kept my ride smooth. Oh, and their customer support's as social as it gets, you can even drop them a Tweet!
2023-12-01 16:27
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0
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wei6648
6-12months
This platform does not have a license and shares a license with Gaohui. It is a betting and capital market.
2023-10-21 14:27
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0
0
wei6648
6-12months
radex没有监管牌照,我注册了新账号。入金通道和高汇一摸一样。
2023-10-14 14:05
Reply
0
0
wei6648
6-12months
radex没有监管牌照,我注册了新账号。入金通道和高汇一摸一样。目前资金盘。这个平台没有自己牌照,然后使用高汇平台牌照来共享,请求曝光,
2023-10-14 14:05
Reply
0
0
wei6648
6-12months
这个是对赌平台,资金盘,根本没有牌照,竟然还不承认
2023-10-14 11:16
Reply
0
0
FX1261759452
more than one year
I feel very optimistic about my trading here. First, I made sure that it is not going to deceive me. You know it’s very important to be confident in the reputation of your broker. Secondly, their trading conditions perfectly fit me. That’s my individual needs.
2023-02-23 15:44
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0
0
利剑红尘
more than one year
A year ago, I used this platform, and it feels quite reliable. I remember that my account manager was William, who was very enthusiastic about helping me trade. After making a profit, the withdrawal is also very smooth. All in all, this is a solid platform. Recommended recommended!
2022-12-13 11:00
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0
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Claire18709
more than one year
I am writing this review here to express my personal opinions about radex markets, as it has been a responsible and friendly broker! This broker is regulated by FSA and so far I don't see any anti-regulatory action. I also see here that if I have a problem with radex, wikifx I will even grant myself compensation. I think I don't have to worry too much.
2022-11-18 10:06
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