General Information
TREX Trading Is A Brokerage Firm That Offers Trading Instruments Across Various Asset Classes, Including Cryptocurrencies, Forex, Commodities, Indices, Stocks.
They Offer The TREX Trading Platform To Meet Different Trading Needs.
Pros And Cons
Pros
• Diverse Trading Tools
• Low Minimum Deposit
• 24/7 Support
Cons
• Reports Of Serious Losses And Failed Withdrawals
• No MT4/5 Trading Platform
• Unauthorized NFA License
Regulatory Information
TREX Trading Is A Company That Is Not Regulated By Any Major Financial Regulator Forex Broker. This Means That There Is No Regulatory Body To Oversee Its Activities Or Protect Its Clients. Therefore, There Is A High Risk That TREX Trading Could Be A Scam.
In Addition, There Are Also Complaints From Clients That They Cannot Withdraw Their Funds TREX Trading.
Market Tools
TREX Trading Offers A Wide Range Of Market Tools Including Cryptocurrencies, Forex, Commodities, Indices And Stocks.
Cryptocurrency: A Digital Or Virtual Currency That Uses Cryptography To Ensure Security. One Of The Defining Characteristics Of Cryptocurrency, Arguably Its Most Endearing Appeal, Is Its Organic Nature. It Is Not Issued By Any Central Authority And Is Therefore Theoretically Immune To Government Intervention Or Manipulation.
Forex: The Foreign Exchange Market, Is The Largest And Most Liquid Financial Marekt In The World. This Is Where Currencies Trade With Each Other.
Commodities: Raw Materials Used In The Production Of Goods And Services. They Are Traded On Commodity Exchanges, Where Buyers And Sellers Agree On The Price Of A Specific Quantity Of Goods.
Index: A Financial Instrument That Tracks The Performance Of A Group Of Stocks Or Other Assets. They Are Often Used As A Benchmark To Measure The Performance Of The Stock Market Or Specific Sectors Of The Economy.
Stock: A Security That Represents Ownership Of A Company. When You Buy A Stock, You Are Essentially Buying A Small Part Of The Company. Shares Can Be Traded On A Stock Exchange, Where Buyers And Sellers Agree On The Price Of The Stock.
Account
TREX Offers Three Types Of Trading Accounts, Namely Mini Account, Standard Account, Platinum Account. The Broker Claims That Different Categories Of Account Types Enjoy Different Trading Privileges. Mini Accounts Are Suitable For Beginners With Lower Capital Requirements Of Only $50; Standard Accounts Offer Spreads As Low As 30% On Some Instruments With A Minimum Initial Deposit Of $100; Platinum Accounts Offer Spreads As Low As $50% On Some Instruments With An Initial Capital Of $5,000.
Leverage
TREX Trading Offers Maximum Leverage Of Up To 1:500, Which Means You Can Control A Position Worth 500 Times Your Initial Deposit. For Example, If You Deposit $100, You Can Control A Position Worth $50,000.
Leverage Can Amplify Your Profits, But It Can Also Amplify Your Losses. If The Market Moves Against You, You May Lose More Money Than You Deposited.
Spreads And Commissions
Spreads Depend Entirely On The Type Of Account You Are Holding. The Minimum Spread For Forex In A Mini Account Is Around 1.6 Pips, For A Standard Account It Is Around 1.2 Pips, And For A Platinum Account It Is Around 1.0 Pips. However, As For Commissions, No Details Are Provided On The Official TREX Website.
Trading Platform
This TREX Trading Platform Is Designed For Traders Who Are Interested In Buying And Selling Physical Precious Metals Such As Gold And Silver Bars Or Silver Coins. The Platform Offers More Than 40 Products, Including Gold, Silver, Platinum And Palladium.
The Platform Also Offers Multiple Features To Help Traders Manage Risk, Such As Stop-loss Orders And Margin Calls.
Deposits And Withdrawals
TREX Trade Offers A Variety Of Deposit And Withdrawal Methods, Including Helpay2, Direct Deposit, Online Banking, Bound Bank Cards, And More. The Minimum Deposit Amount Is $50. Deposits Accept USD/VND, And Withdrawals Accept USD. All Deposits Are Free, While Withdrawals Are Free In Most Cases. Deposits And Withdrawals Are Said To Be Processed Instantly.
Customer Support
Email: Cs@trexfx.com
Phone Number: 12280872 (Vietnam Telecom Network) 12032559 (VNPT Network) 1800588847 (Whole Network)
TREX Trading Offers Live Chat As A Way For Customers To Contact Customer Support. The Chat Function Is Open 24/7 And Customers Can Ask Questions About Their Account, Trading Platform Or Any Other Issues They May Have.
The Chat Room Is Staffed By Knowledgeable And Experienced Client Server Representatives Who Are Able To Assist Customers With Various Issues.
