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.
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.
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.
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.
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.
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.
Please note that withdrawal requests are restricted if a trading account has a negative balance, the withdrawal request is lower than $100.
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.
You can get in touch withTedex through a contact form, requiring you to fill out some details, then waiting to be connected.