GENERAL INFORMATION
Established In 2013, TREX GLOBAL Is A Mauritius Registered Brokerage That Provides Clients With Financial Instruments Such As Forex, Indices And Commodities. However, TREX GLOBAL Is Currently In A State Of Alleged NFA Cloning With License Number 0529711. This Status Has Raised Concerns About The Legitimacy And Regulatory Compliance Of The Broker.
Pros And Cons
Pros
• Multiple Account Types
• Low Barrier To Enter
• Risk-Free Practices
• No Commissions
• Fund Segregation And Liability Protection
Cons
• Suspicious NFA Clones
• Withdrawal Fees
• No MT4/5 Trading Platform
TREX GLOBAL Is It Legit Or A Scam?
When Considering The Security Of A Broker Like TREX GLOBAL Or Other Platforms, It Is Important To Conduct Thorough Research And Consider Various Factors.
Regulatory Situation: The Broker Has A Suspected Clone NFA License, Number 0529711, Which Raises Concerns About The Extent Of Regulatory Oversight And Protection Of Traders. This Status Hints At Risk And Underscores The Importance Of Thorough Research Before Trading With A Broker Platform. Traders Should Proceed With Caution And Carefully Evaluate Their Options.
User Feedback: To Gain A Deeper Understanding Of The Broker, Traders Are Advised To Explore Reviews And Feedback From Existing Clients. The Shared Insights And Experiences Of These Users Are Available On Reputable Websites And Discussion Platforms.
Security Measures: TREX GLOBAL Maintains An Independent Depository That Separates Client Funds From Operating Accounts. Openness And Transparency Are Core Values That Provide Clients With Clear Information. A Liability Protection Mechanism Protects Clients From Losses In Excess Of Their Deposits. Information Security Protocols Prioritize Confidentiality And Integrity Of Client Data.
Ultimately, The Choice To Trade With TREX GLOBAL Is A Personal Decision. It Is Important To Fully Evaluate The Risks And Benefits Before Reaching A Conclusion.
Market Tools
TREX GLOBAL Offers A Comprehensive Range Of Trading Products That Cover More Than 49 Popular Investment Options On Various Financial Marekts.
These Include Forex Currency Pairs, Providing The Opportunity To Trade Major, Minor And Exotic Currency Pairs. In Addition, Traders Can Also Trade Indices To Speculate On The Performance Of Global Stock Market Indices.
Commodity Trading Is Also Offered. You Can Invest In Metals Such As Gold, Silver, And Energy Commodities Such As Crude Oil.
Account Types
TREX GLOBAL Offers Three Different Account Types: Mini Account, Standard Account And Platinum Account.
The Mini Account Is Tailored For Beginners With A Minimum Deposit Requirement Of $20. It Offers Access To Basic Features And Is An Ideal Starting Point For Novice Traders.
The Standard Account Has A Minimum Deposit Requirement Of $100 And Offers A Standard Package For Forex Exchange Investments With Spreads As Low As 30% On Some Symbols.
The Platinum Account Has A Minimum Deposit Requirement Of $5,000 And Offers Exclusive Benefits Such As Lower Spread Options, New Member Gifts And $30 Worth Of Birthday Gifts.
Additionally, TREX GLOBAL Offers Demo Accounts With $10,000 In Virtual Funds, Allowing Traders To Practice And Familiarize Themselves With The Platform Before Committing To Real Capital.
How Do I Open An Account?
To Open An Account With TREX GLOBAL, You Need To Follow These Steps:
Visit The TREX GLOBAL Website, Find And Click On The "Open Account" Button At The Top Right Of The Homepage.
Click On The "Open Account" Button
Fill In The Required Personal Details.
Complete The Secure Process For Any Verification Purposes.
Once Your Account Has Been Approved, You Can Set Your Investment Preferences And Start Trading.
Leverage
TREX GLOBAL Offers Clients The Opportunity To Amplify Their Trading Positions With Leverage, Offering Up To 1:500 Ratios. Leverage Allows Traders To Control Larger Positions With Smaller Capital, Potentially Increasing Profits And Losses. With Leverage Of 1:500, Traders Can Control Position Sizes 500 Times Larger Than Their Initial Investment.
High Leverage Can Increase Potential Gains, But It Also Increases Risk, As Even Small Market Fluctuations Can Result In Large Profits Or Losses. Therefore, When Using Leverage To Trade, You Should Exercise Caution And Adopt A Risk Management Strategy. It Is Essential To Understand The Impact Of Leverage On Your Trading Account And Only Use Leverage Levels That Are In Line With Your Risk Tolerance And Trading Objectives.
Spreads And Commissions
TREX GLOBAL Offers Competitive Spreads On Its Various Account Types To Meet The Diverse Needs Of Traders.
For Mini Accounts, The Minimum Floating Spread On Forex Is 1.6 Pips, Providing Convenience For Novice Traders With Smaller Trading Volumes.
The Standard Account Offers Tighter Spreads With A Minimum Floating Spread Of 1.2 Pips, Suitable For Traders Looking For More Competitive Pricing And Standard Trading Conditions.
For Experienced Traders Or Those With Larger Funds, The Platinum Account Offers The Most Favorable Spreads With A Minimum Of Just 1.0 Pips.
It Is Worth Noting That TREX GLOBAL Does Not Charge Commissions, Enabling Clients To Trade Without Paying Additional Trading Costs.
Trading Platform
TREX GLOBAL Is A Compelling Platform For Traders Seeking Efficiency, Ease Of Use And Depth Of Analysis. Available In Both English And Vietnamese, The Trading Interface Meets The Needs Of Various Users, Improving Accessibility And Ease Of Use. The Platform's Unique "one-click Trading" Feature Simplifies The Trading Process, Allowing For Quick Execution Of Orders And Less Hassle.
In Addition, TREX GLOBAL Offers A Wide Range Of Analytical Capabilities, Supporting The Analysis Of 68 Technical Indicators. This Powerful Suite Of Tools Enables Traders To Make Informed Decisions, Leveraging Comprehensive Market Trends And Pattern Insights.
The Platform Can Be Accessed Not Only On A PC, But Also On Android Devices, Ensuring Traders Are Flexible And Convenient When Out And About.
Trading Tools
TREX GLOBAL Provides Traders With A Comprehensive Trading Calculator, An Invaluable Tool Designed To Help Make Informed Trading Decisions. The Calculator Enables Traders To Quickly Evaluate All Aspects Of A Trade, Including Potential Profits, Losses, Margin Requirements, And Pip Values. By Entering Relevant Trading Parameters Such As Currency Pairs, Volume, Leverage, And Account Currency, Traders Can Obtain Instant Calculation Results To Suit Their Specific Trading Scenarios.
Deposits And Withdrawals
TREX GLOBAL Makes Deposits Through A Range Of Methods, Both Online (such As OneClickPay And Help2Pay) And Offline, Ensuring Convenience And Security. Deposits Are Free And Can Be Processed Instantly, Enabling Traders To Start Trading Quickly, Whether Via A Computer Or Mobile Device.
Deposit Details
Withdrawals Are Equally Simple: Traders Can Initiate A Withdrawal Request Through The Client Center And Specify The Required Amount. Most Withdrawals Are Free, But There Are Processing Fees Incurred Under Certain Circumstances:
Withdrawal Requests Less Than $50 Will Incur A $3 Processing Fee.
A 6% Withdrawal Handling Fee May Be Charged If The Trader's Position Margin Is Less Than 60% Of The Deposit Amount.
In Addition, A 6% Handling Fee Will Be Charged For Each Transaction Starting From The Fourth Withdrawal Within 24 Hours.
Traders Enjoy Flexibility When It Comes To Withdrawals, With A Minimum Single Withdrawal Amount Of VND 200,000 And No Maximum Limit. This Structure Allows Traders To Access Funds As Needed, While Understanding The Potential Risks During The Withdrawal Process, Ensuring Transparency And Clarity.
Client Server
TREX GLOBAL Offers A Comprehensive Customer Support Channel Including Address Details, Telephone Contact, Email Support, Online Chat Help And FAQ Sections. This Multi-faceted Approach Ensures That Traders Have Access To Timely Assistance And Valuable Information When Needed.
Email: [email protected].
Tel: + 230 4892661.
Address: Suite 201, 2nd Floor, The Catalyst, 40 Silicon Avenue, Cybercity, Ebene, Mauritius, Legacy Capital Co Ltd.
