Score
Saint Vincent and the Grenadines
|
2-5 years
| https://tradexn.com/
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
tradexn.com Germany
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| TradeXN Review Summary | |
| Founded | 2006 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Forex, Commodities, Indices, Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.6 pips |
| Trading Platform | WebTrader |
| Minimum Deposit | $1 |
| Customer Support | Email: support@tradexn.com |
| Contact form | |
| Regional Restrictions | Algeria, USA, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Ecuador, Iran, Syria, North Korea, Sudan, US minor outlaying islands, American Samoa, Russia |
TradeXN is a powerful and easy-to-use trading platform solution founded in 2006. It allows clients to trade through various markets. The platform offers competitive spreads and zero commission fees with premium customer support and technical expertise available.
| Pros | Cons |
| Demo account available | No regulation |
| Zero commission fees | Regional restrictions |
| Low minimum deposit of $1 | No MT4 or MT5 |
| Long operational history | Limited contact channels |
TradeXN is not regulated by any authorities. Besides, its domain status shows that client transferring and updating are prohibited. Please be aware of the risks!
TradeXN covers more than 100 markets, including over 50 Forex instruments, over 20 commodities, over 15 available cryptocurrency markets and over 20 indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Cryptos | ✔ |
| Indices | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
TradeXN offers leverage of up to 1:500. A high leverage ratio brings high returns along with high risks.
Overall, TradeXN's trading fees are considered slightly lower than industry averages, especially with free commissions and competitive spreads.
Spreads: Start from 1.6 pips
Commissions: Free.
Swap: Free.
| Non-Trading Fees | Details |
| Deposit Fee | 0% |
| Withdrawal Fee | 1% |
| Inactivity Fee | $300(90 days) |
| Trading Platform | Supported | Available Devices | Suitable for |
| WebTrader | ✔ | Web | / |
| MetaTrader 4 (MT4) | ❌ | / | Beginners |
| MetaTrader 5 (MT5) | ❌ | / | Experienced traders |
TradeXN only charges withdrawal fees, ensuring a simple and quick withdrawal process.
| Deposit Options | Minimum Deposit | Fees | Processing Time |
| Not mentioned | $1 | 0% | Not mentioned |
| Withdrawal Options | Minimum Withdrawal | Fees | Processing Time |
| Not mentioned | Not mentioned | 1% | Within one working day |
Yes, TradeXN charges a 1% withdrawal fee, which isn’t ideal, but I’ve seen worse. I’d definitely mention this in my Trade XN review as it’s an important factor to consider. For me, it means I have to think twice about how often I’ll be withdrawing, as it could add up over time.
The biggest advantage in my opinion, and something I'd highlight in my Trade XN review, is the low minimum deposit of just $1. This makes it accessible for anyone new to trading. I also appreciate the demo account feature, which allows me to practice before committing real funds. Additionally, the zero commission fees and competitive spreads starting from 1.6 pips are attractive benefits for cost-conscious traders like me.
No, TradeXN is not regulated by any authorities, and this is one of the key points I’d mention in a Trade XN review. Personally, I find the lack of regulation concerning, as it means there’s less oversight on the platform. Without regulation, I feel my funds are at risk, which is something I take very seriously when choosing a broker.
The minimum deposit is just $1, which I think is incredibly low. This is one of the main reasons I would recommend TradeXN in my review for beginners or anyone looking to try out the platform with minimal risk. It’s the kind of low barrier to entry that makes the platform appealing to new traders like me.
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