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Tedex

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 2-5 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://tedex.co

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Rating Index

Contact

https://tedex.co

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
2-5 years
Company Name
Vemillion Consulting LLC
Company Website
Account Info
Deposit/Withdrawal
Verified Site
About Us
Disclosure
News
Wiki Q&A
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Official Website

Verified Site

  • tedex.co
    172.67.147.40
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review summary

General Information

Registered in Saint Vincent and the Grenadines, Tedex is an online forex broker owned and operated by a company called Vemillion Consulting LLC. There is no evidence showing that Tedex is subject to any regulation.

Tedex claims that it offers clients access to a bulk of more than 200 trading instruments, including currency pairs, indices, shares, and commodities, three trading accounts for retail and professional traders to choose from.

General

Market Instruments

Tedex hypes that it offers the opportunity to trade with 5 asset categories of more than 200 trading products. Over 50 Currency Pairs, 14 Indices, 150 Shares and 14 Commodities are available with this brokerage platform.

Account Types

Three trading accounts are available with both retail and professional traders, namely Standard, Professional and Elite.

Standard accounts are suitable for traders of all trading experience and levels, with an acceptable minimum deposit of € 250. Other account offering include real-time data, financial market news, stop loss/take profits and more. While detailed technical analysis and automated trading are not available.

Professional accounts are designed for professional and advanced traders, which requires a higher initial deposit, from € 2,500. Account features are same as the Standard accounts.

Elite accounts are ideal for traders with high trading volume and to open this account, you need fund at least € 25,000. Elite account holders can enjoy premium account services, including real-time data, financial market news, detailed technical analysis, automated trading, negative balance protection, multilingual customer support.

Account

Leverage

Trading leverage is determined by trading accounts. With Standard and Professional accounts, investors can use the leverage up to 1:50. And Elite accounts offer a high leverage up to 1:300. Leverage can magnify gains well as losses, inexperienced traders are not advised to use high leverage.

Spreads & Commissions

Tedex says it offers a zero-commission trading environment and the spread is determined by trading accounts. The Standard account offers spreads from 0.13 pips, Professional account from 0.1 pips, Elite account from 0.0 pips. It appears that spreads offered by Tedex is quite competitive, so investors are advised to practice the trading environment using a demo account first.

Welcome Bonus

To attract new investors, Tedex offers a welcome bonus plan, with all three trading accounts applicable. The Standard and Professional accounts offer a 15% welcome bonus, and the Elite account offers twice the amount, up to 30%.

Trading Platform Available

When it comes to trading platform available, Tedex offers its clients a WebTrader, instead of the industry-leading MT4 or MT5 trading platform.

Deposit & Withdrawal

Tedex accepts four payment options for its clients to make a deposit and withdrawal: VISA, MasterCard, Wire Transfer, Bitcoin.

The minimum deposit is $250 or the equivalent value on other currencies, and deposit fees via Credit Cards, Wire Transfer depends on the bank.

Withdrawal

Withdrawal

Concerning withdrawal, the minimum withdrawal amount is $100 or the equivalent value on other currencies. Withdrawal fees via credit cards, wire transfer depend on the bank, and withdrawal through Bitcoin, according to Tedex, does not charge any fee.

Withdrawal

Please note that withdrawal requests are restricted if a trading account has a negative balance, the withdrawal request is lower than $100.

Educational Resources

Tedex offers some educational resources to help its clients quickly acquaint themselves with the forex and CFD trading. They include some trading knowledge including trading ways, trading strategies, as well as Economic Calendar, Market News, and Charts.

Customer Support

You can get in touch withTedex through a contact form, requiring you to fill out some details, then waiting to be connected.

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

News

Tedex and its Representative: Scoundrel and Nasty!!!

Exposure Tedex and its Representative: Scoundrel and Nasty!!!

Some forex brokers scam their clients in the dark. However, some brokers and representatives perform “daylight robbery” in a demanding and entitled manner. Tedex is the latter!

WikiFX Scam Alert: Pls stay away from Tedex!!!

Exposure WikiFX Scam Alert: Pls stay away from Tedex!!!

The Italian regulator CONSOB issued an official warning against Tedex on September 12th!!!

Wiki Q&A

What is the regulatory status and risk profile of Tedex?

Tedex operates as Vemillion Consulting LLC, registered in Saint Vincent and the Grenadines, an offshore jurisdiction that provides no regulatory oversight for forex trading. According to WikiFX data, the broker holds no valid forex trading licenses from any recognized financial authority, presenting a significantly high-risk profile for fund security and client protection.

04-02
United States

What trading platforms and terms does Tedex offer?

Tedex offers multiple account tiers with minimum deposits ranging from €250 for a Standard account to €25,000 for an Elite account, and maximum leverage up to 1:300. Funding is facilitated via instant bank wire transfers, Visa/Mastercard credit cards, and Bitcoin deposits and withdrawals.

04-02
United States

Is Tedex suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose Tedex or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

04-02
United States

What essential information should I know before trading with Tedex?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States
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