Radex Markets Detailed Review
We were surprised to learn about the Radex Markets broker and its owner. From all we’ve seen, it looks like a legit company gave itself an offshore entity so they could be able to conduct fraud without jeopardizing their leading brand. Here’s everything we found out in our Radex Markets review.
|Blacklisted as a Scam by:
|Go Markets International Ltd
|MT4, Web trader
|Types of Assets:
|FX, indices, shares, commodities
|Free Demo Account:
|Accepts US clients:
What About Radex Markets Regulation?
Radex Markets belongs to Go Markets International Ltd from Seychelles. This company has another brand, Go Markets, registered in Australia and Cyprus. So, we had to ask why open a company offshore and have a brand only with an FSC license?
Usually, when the situation is like this, an offshore entity is used to defraud clients and collect money that has been used to finance a legitimate brand. Since offshore regulators don’t oblige brokers to create a compensation fund, having an FSC license won’t help you much if you cannot withdraw your money in the end.
Radex Markets Trading Instruments
Radex Markets offers trading on the 4 major markets, including:
- 15 indices
- Major and minor currency pairs
- CFDs on shares
- Commodities such as gold and oil
All the assets are available on MT4, while CFDs can also be traded on the Web trader. The spread starts with 1.1 pips for regular accounts and 0.0 pips on the Raw account, while the leverage goes up to 1:500.
Fund Withdrawal Issues With Radex Markets Broker
Since this is an offshore entity and has no compensation fund, withdrawals are not easy to get. The broker is not putting effort into assisting clients since it was established to extort money. At the same time, regulators are not interested in helping since there’s no fund they could use, and giving their own money away is not an option.
If you were in the situation to have no possibility of resolving withdrawal issues or even accessing your trading account, let us know.
Areas Of Radex Markets Scam
According to Radex Markets reviews, the broker is mainly present in the UK, Australia, and China. There’s a full website version in Chinese meant for this specific area. Note that there is no permission to provide financial services in these areas since there is no official regulation from Tier1 license providers.
Therefore, involvement with such a company may lead to becoming the next scam victim.
Traders About Radex Markets Scam
Traders are not thrilled to learn that they are dealing with an offshore entity of a legit brokerage. Imagine being an Australian client and knowing that the company is available in your own country. Still, you’ve been assigned to an offshore entity without proper regulatory supervision, exposing your funds to risk.
Never trust offshore entities of any company, no matter how legitimate they look. There’s a reason for establishing an entity away from real regulators.
How Does Online Trading Scam Work?
Most brokers are starting their performance by showing you an ad on social media or any other part of the internet, convincing you they will lead you to success. Pretending to be your best friend, brokers such as Radex Markets are trying to lure you into fraud by promising anything and everything.
Once you involve yourself with such a company that has no obligations to follow ESMA, MiFID, or any other regulatory rules, you’re coming to the point where you realize that the only way to get your money back is to file a dispute yourself.
Scammed by Radex Markets? – Tell Us Your Story
If you are a victim of the Radex Markets scam, let us know. Our specialists may help you request a chargeback and reverse the fraudulent transaction directly through your bank.
But What Is A Chargeback?
This is a way for your bank to retrieve the funds from the merchant. Since you need sufficient supporting evidence to start the process, we advise you to get assistance. Contact us via online chat to book a free consultation with our experts, and let’s get your money back before it’s too late.
What Is Radex Markets?
Radex Markets is an offshore trading company not worth your time or money.
Is my money safe with the Radex Markets broker?
Since the company is offshore, your funds are not safe with such.
Is Radex Markets a Scam Broker?
Radex Markets operates from an offshore country, not following any Tier1 regulations.