Score
RADEX MARKETS
Seychelles|2-5 years| https://www.radexmarkets.co.uk/en
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
United Arab EmiratesContact
Licenses
Licensed Institution：Go Markets International Ltd
License No.：SD043
Single Core
1G
40G
1M*ADSL
- The Seychelles FSA regulation with license number: SD043 is an offshore regulation. Please be aware of the risk!
Basic information
Seychelles
2-5 years Regulated in Seychelles Retail Forex License White label MT4 White label MT5 Global Business Medium potential risk Offshore RegulatedAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
radexmarkets.co.uk
Server Location
Singapore
Website Domain Name
radexmarkets.co.uk
Server IP
3.5.146.193
-
radexmarkets.com
Server Location
Malaysia
Website Domain Name
radexmarkets.com
Server IP
103.125.86.39
Genealogy
VIP is not activated.Company Summary
| RADEX MARKETS Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Seychelles |
| Regulation | FSA (Offshore Regulatory) |
| Market Instruments | Forex, metals, CFD, shares CFDs, Crypto CFDs |
| Demo Account | Available |
| Leverage | 1:500 |
| EUR/ USD Spreads | 1.1 pips (Std) |
| Trading Platforms | MT4, MT5 |
| Minimum Deposit | $200 |
| Customer Support | Phone, email, Twitter, Facebook and Instagram |
What is RADEX MARKETS？
RADEX MARKETS, as a brokerage firm with offshre FSA regulation, offers traders a choice between spread-based and commission-based trading accounts. RADEX MARKETS provides a diverse range of trading instruments across various asset classes. Traders can choose between two types of trading accounts. While slippage can occur in certain market conditions, which make trade risky.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
| Pros | Cons |
| • A range of trading instruments | • FSA (Offshore Regulatory) |
| • Trading tools and educational resources provided | • Limited funding options |
| • Demo accounts available | • Negative review |
| • MT4 and MT5 supported | • No live chat support |
| • Social media presence |
RADEX MARKETS Alternative Brokers
There are many alternative brokers to RADEX MARKETS depending on the specific needs and preferences of the trader. Some popular options include:
Axi – A well-regulated and respected trading broker with a range of advanced trading tools, making it an excellent choice for professional traders seeking advanced trading capabilities.
BlackBull Markets – A reputable forex and CFD broker known for its institutional-grade liquidity, competitive pricing, and advanced trading technology.
ForexMart – A well-established brokerage offering a wide range of trading services, including forex, CFDs, and cryptocurrencies, with a focus on excellent customer support and educational resources.
Is RADEX MARKETS Safe or Scam？
RADEX MARKETS is regulated by the Seychelles Financial Services Authority (FSA), which is an autonomous regulatory body responsible for the non-bank financial services in Seychelles. However, FSA regulation with license number: SD043 is an offshore regulation.
As with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.
Market Instruments
RADEX MARKETS offers a diverse range of trading instruments across various asset classes.
FOREX: RADEX MARKETS allows trading in the Forex market, which involves buying and selling different currency pairs, such as EUR/USD or GBP/JPY.
METALS: Traders can trade precious metals, such as gold, silver, platinum, and palladium, with RADEX MARKETS. These metals are traded as commodities and can act as a hedge against inflation or a safe haven during times of economic uncertainty.
CFD/INDICES: RADEX MARKETS provides Contract for Difference (CFD) trading on various stock indices, allowing traders to speculate on the price movements of major indices like S&P 500, FTSE 100, or Nikkei 225 without owning the underlying assets.
SHARE CFDS: Traders can access a wide range of Share CFDs, which are derivative products that allow trading on the price movements of individual stocks. This enables traders to speculate on the performance of shares without owning the actual shares.
CRYPTO CFDS: RADEX MARKETS offers trading in Cryptocurrency CFDs, allowing traders to speculate on the price movements of cryptocurrencies like Bitcoin, Ethereum, or Litecoin. CFD trading allows traders to potentially profit from both rising and falling cryptocurrency prices without directly owning the digital assets.
Account Types
RADEX MARKETS provides two types of trading accounts: Raw account and Standard account.
Raw Account:
The Raw account offered by RADEX MARKETS is designed for traders who prefer raw spreads and lower trading costs. This account type typically features tight spreads directly from liquidity providers, along with a commission charge per trade.
Standard Account:
The Standard account is suitable for traders who prefer a more traditional trading experience. This account type generally has slightly higher spreads compared to the Raw account but does not have a commission per trade. Traders using the Standard account can execute trades with fixed or variable spreads, depending on the specific market conditions.
Both the Raw account and Standard account have a minimum deposit requirement of $200, making them accessible to a wide range of traders. These accounts provide traders with the necessary tools and market access to participate in various trading strategies across different asset classes.
RADEX MARKETS also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.
Leverage
RADEX MARKETS offers a maximum leverage of 1:500 to its traders. Leverage is a tool that allows traders to control positions larger than their account balance, amplifying potential profits. However, it's important to understand that leverage also increases the level of risk involved in trading.
Traders can trade positions that are 500 times larger than their account balance. This means that even with a relatively small deposit, traders can access larger market exposure. Higher leverage can potentially generate higher returns if trades are successful. However, it's crucial to recognize that leverage is a double-edged sword.
Spreads & Commissions
RADEX MARKETS offers two types of trading accounts, each with different spreads and commission structures:
| Raw Account | Standard Account | |
| Spreads | From 0.0 pips | From 1.1 pips |
| Commission | $2.5 USD per side | No commission |
Below is a comparison table about spreads and commissions charged by different brokers:
| Broker | EUR/USD Spread | Commission |
| RADEX MARKETS | 1.1 pips (Std) | None (Std) |
| Axi | 0.4 pips | None |
| BlackBull Markets | 0.2 pips | None |
| ForexMart | 0.0 pips | None |
Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.
Trading Platforms
RADEX MARKETS provides its clients with access to two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are widely recognized and trusted within the trading industry, offering a range of powerful features and tools to enhance the trading experience.
MetaTrader 4 (MT4):
MT4 is a well-established and user-friendly trading platform that has been widely adopted by traders around the world. It offers a comprehensive suite of charting and technical analysis tools, allowing traders to analyze market trends, identify trading opportunities, and execute trades with ease. MT4 supports various order types, including market orders, pending orders, and stop orders, providing flexibility for different trading strategies. Traders can also utilize expert advisors (EAs), which are automated trading systems, to execute trades based on predefined strategies. With its intuitive interface and extensive functionality, MT4 is suitable for traders of all experience levels.
MetaTrader 5 (MT5):
MT5 builds upon the features of MT4 and offers additional capabilities and enhanced performance. While retaining the familiar interface of MT4, MT5 provides more advanced charting tools, additional order types, and improved backtesting capabilities. One significant difference of MT5 is its ability to trade various asset classes, including stocks, futures, and options, in addition to forex and CFDs like MT4. MT5 also supports a multi-threaded strategy tester, enabling traders to backtest and optimize their trading strategies efficiently.
See the trading platform comparison table below:
| Broker | Trading Platform |
| RADEX MARKETS | MT4, MT5 |
| Axi | MT4 |
| BlackBull Markets | MT4, MT5 |
| ForexMart | MT4 |
Trading Tools & Educational Resources
Economic Calendar:
- Provides important announcements from major regions worldwide.
- Customizable to focus on specific events impacting Forex, Index, and Commodity markets.
- Displays previous results, consensus forecasts, and actual outcomes.
- Indicates expected market volatility levels.
Guides & Tutorials:
- Suitable for beginners and experienced traders.
- Helps traders get started and advance their trading techniques.
- Covers a wide range of topics, from basic concepts to advanced strategies.
Partnership with Trading Central:
- Access to powerful tools for finding and validating new opportunities.
- Helps traders time their trades effectively.
- Provides tools for managing trading risks.
Deposits & Withdrawals
There is only one method to deposit and withdraw money from a Radex Market account – bank wire transfer. Most brokers on regulated markets typically offer a wider choice for payment methods, including credit/debit card and popular e-wallets such as PayPal, Neteller or Sofort.
Radex Markets charges withdrawal fees if certain minimum traded volume requirements are not met. These fees are 2.5% of the amount, but not less than 20 USD.
An account with a deposit of up to 500 USD must trade 0.1 standard lots, or 10 000 currency units, to avoid having to pay withdrawal fees. With a deposit of more than 8 000 USD, the requirement now becomes 10 lots, or 1 000 000 currency units.
RADEX MARKETS minimum deposit vs other brokers
| RADEX MARKETS | Most other | |
| Minimum Deposit | $200 | $100 |
User Exposure on WikiFX
On our website, you can see reports of unable to severe slippage. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +44 20 8610 1608 (Monday – Friday 12:00 PM - 01:00 AM (AEST))
Email: support@radexmarkets.com
newaccounts@radexmarkets.com
Address: Office No.1, First Floor, Siva's Complex, Providence, Mahe, Seychelles
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and Instagram.
Twitter: https://twitter.com/RadexMarkets
Facebook: https://www.facebook.com/radexmarkets
Instagram: https://www.instagram.com/radexmarkets/
RADEX MARKETSoffers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.
Conclusion
In conclusion, RADEX MARKETS offers traders a choice between spread-based and commission-based trading accounts, providing access to a diverse range of over 350 tradable instruments across various asset classes. Traders can access these markets through the popular MT4/5 platforms, enjoying competitive features and maximum leverage of 1:500.
It is worth noting that RADEX MARKETS operates under offshore regulation, which have different considerations compared to onshore regulations. Traders should carefully assess their risk tolerance and conduct thorough research before engaging in trading activities with RADEX MARKETS.
Frequently Asked Questions (FAQs)
| Q 1: | Is RADEX MARKETS regulated？ |
| A 1: | Yes. It is offshore regulated by FSA. |
| Q 2: | How can I contact the customer support team at RADEX MARKETS？ |
| A 2: | You can contact via telephone, +44 20 8610 1608 and email, support@radexmarkets.com. |
| Q 3: | Does RADEX MARKETS offer demo accounts？ |
| A 3: | Yes. |
| Q 4: | Does RADEX MARKETS offer the industry leading MT4 & MT5？ |
| A 4: | Yes. It offers MT4 and MT5. |
| Q 5: | What is the minimum deposit for RADEX MARKETS？ |
| A 5: | The minimum initial deposit to open an account is $200. |
| Q 6: | Is RADEX MARKETS a good broker for beginners？ |
| A 6: | No. It is not a good choice for beginners because of its offshore status. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Keywords
- 2-5 years
- Regulated in Seychelles
- Retail Forex License
- White label MT4
- White label MT5
- Global Business
- Medium potential risk
- Offshore Regulated
Review 13
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Review 13
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wei6648
Hong Kong
Radex has no license and is a black platform. Cancel the account casually and steal the account email address in Malaysia.
Exposure
01-06
FX4057145721
Hong Kong
Slippage is a bit serious. This is a bit too much, a slight slippage is normal, I personally feel that this is a bit serious
Exposure
2022-11-10
Zutter
Nigeria
RADEX MARKETS offers a wide range of payment methods to choose from, making it easy to fund your account. And their commission rates are really reasonable, too!
Positive
07-18
FX1493418673
New Zealand
Really impressed with Radex Markets. The customer service, especially from Erin, is top-notch—quick to respond and always helpful. The platform is straightforward and makes trading a breeze. Fast withdrawals too.
Positive
06-17
FX1490773481
Philippines
Took off on a trading voyage with RADEX Markets, a savvy player hailing from Seychelles. FSA regulation added the trust factor right in. There was a variety of market instruments in the sandbox - shares CFDs, Crypto CFDs, you name it. The demo account was a great training ground. EUR/USD Spread at 1.1 pips (Std) kept things tight. The MT5 platform was my captain through this financial voyage. Starting off was no hurdle with a minimum deposit of just $200. And here comes the kicker - they're ready to assist you via phone or email? They've got your back there too!
Positive
2023-12-04
FX1489185494
Indonesia
Ventured into the trading jungle with RADEX Markets, a young buck founded in 2019, based out in the exotic Seychelles. Under the FSA wing, safety gear was checked. When it came to trading, it was an all-star lineup with Forex, metal, and CFD leading the way. Tried my hand at the demo account before the real race. Revving it up with 1:500 leverage – things sure get heated! And the awesome MT4 platform kept my ride smooth. Oh, and their customer support's as social as it gets, you can even drop them a Tweet!
Positive
2023-12-01
wei6648
Japan
This platform does not have a license and shares a license with Gaohui. It is a betting and capital market.
Positive
2023-10-21
wei6648
Japan
--
Positive
2023-10-14
wei6648
Japan
--
Positive
2023-10-14
wei6648
Japan
--
Positive
2023-10-14
FX1261759452
United Kingdom
I feel very optimistic about my trading here. First, I made sure that it is not going to deceive me. You know it’s very important to be confident in the reputation of your broker. Secondly, their trading conditions perfectly fit me. That’s my individual needs.
Positive
2023-02-23
利剑红尘
Taiwan
A year ago, I used this platform, and it feels quite reliable. I remember that my account manager was William, who was very enthusiastic about helping me trade. After making a profit, the withdrawal is also very smooth. All in all, this is a solid platform. Recommended recommended!
Positive
2022-12-13
Claire18709
Peru
I am writing this review here to express my personal opinions about radex markets, as it has been a responsible and friendly broker! This broker is regulated by FSA and so far I don't see any anti-regulatory action. I also see here that if I have a problem with radex, wikifx I will even grant myself compensation. I think I don't have to worry too much.
Positive
2022-11-18