TradeX Prime Broker Information
- Jurisdiction: Saint Vincent and the Grenadines
- Regulators: -
- Founded: 2017
TradeX Prime Quick reference
TradeX Prime offers to trade in three instruments: Forex, CFD and bullion. It turns out that the broker works in three markets at once. In total, the trader has 65 symbols.
The broker promises this set of parameters:
- $200 – is a minimum deposit,
- spread is from 9 points,
- minimum lot size is 0.01,
- leverage is 1:400,
- the time of execution is 0.1 second.
For those who seek to earn money, but not by trading, TradeX Prime has come up with an affiliate program. You need to bring new clients and the broker promises a “generous compensation plan”.
TradeX Prime summary
Date of foundation. There is a mention of 2017 on the site. However, in the story “Company Profile” it is reported that the “senior management” has more than 25 years of experience in the field of forex trading. Names of officials are not indicated.
Location. It is known that the broker is owned by TradeX Prime LTD. It is registered in St. Vincent and the Grenadines: Suite 305, Kingstown's Griffith Beachmont PO1510 Corporate Center.
It is supposed that the broker's staff works at this address. At least, there are not any other coordinates on the site.
Contacts. Support service is available from 9:00 to 22:00 (GMT). To contact it, you need to write to firstname.lastname@example.org. There is also a feedback form on tradexprime.com. But you can’t call support service.
Regulation. TradeX Prime does not indicate that it has received a license to conduct brokerage activities.
Terminal. TradeX Prime preferred MetaTrader 4. On its website, the broker left a guide for installing the program, described its advantages and also answered popular questions.
TradeX Prime trading terms
The broker opens “demos” and real accounts. Nothing is known about demo accounts but real accounts are divided into three types: Mini, Standard and Pro.
All customers can count on trading in FX, metals and CFDs. Execution is of market type. EAs, Scalping and Hedging strategies are available to everyone, as well as a minimum lot size of 0.01. The sizes of the swaps are not indicated, but it is emphasized that they need to be paid, and no one has privileges.
Accounts differ in the amount of starting replenishment, spreads, levels of leverage and Stop Out.
Mini. Initial deposit is $200. The available leverage is 1: 100, forced closure takes place when the cash balance is 20%.
Standard. Initial deposit is $1,000. Leverage is 1: 200, stop-out is 40%.
Pro. Initial deposit is $ 5,000. Leverage is 1: 400 and stop-out is 80%.
TradeX Prime also offers to become a money manager and open a MAM account. The broker reports on three options for cooperation but does not disclose their details. It is only known that a trader can create his/her own fund and trade its capital in Metatrader 4.
The TradeX Prime website does not provide analytics and there are no special instruments to help with analysis. Perhaps the company provides these services directly to the clients.
The broker provided a table with the specifications of the contracts. The company has also published brief educational materials on Forex and CFDs.
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