Kridex Review – All The Key Features You Must Know Before Investing
Kridex company is operating under the name Quantix FS Limited, a company incorporated in Seychelles for many years. However, behind that corporation, there are different brands.
One of those is Quantix and Yadix. Why is that important to this Kridex review, and how can that impact your experience with this broker, you’ll find out if you stay with us until the end.
|Regulated By:||FSA Seychelles|
|Is This Company Safe?||Potentially no|
|Have Warnings From:||ASF Romania|
|Trading Assets:||Forex, Indices, Commodities|
|Free Demo Account:||Available|
|How To Withdraw From This Company?||Considering that the broker is running multiple brands with the same principle and there are warnings against them, you can expect potential withdrawal problems. If that occurs, don’t hesitate to call us for assistance with funds recovery.|
Legal Info: Is Kridex Legit?
Quantix FX Ltd operates a Kridex trading brand. This company is indeed listed in the FSA register. Therefore, everything run by them goes under the same license. However, there is a warning from the Romanian ASF against their other brand, Yadix. So, if you are going to risk it with Kridex, it’s up to you.
In any case, the company doesn’t have any Tier 1 licenses, such as FCA, BaFin, or ASIC. Consequently, all of their statements can be considered questionable.
Who Are Kridex’s Clients?
The Kridex brand was registered in 2018, while the Seychelles company was registered in 2010. Nevertheless, warnings didn’t stop them from operating. Anyway, the company is mainly targeting traders from:
- United States
Yet, wherever you come from, you can share your experience with us. After all, funds recovery is also available with our team, if needed.
If you look at 38 comments on Trustpilot, you would think the company is legit. Most of the comments are positive, and there are no clues so far about any irregularities.
But if they were ready to violate regulations once, through Yadix brand,, what’s stopping them from doing it again? In any case, feel free to reach out to our experts for advice if you experience any issues.
Investment Costs With Kridex
Basic Kridex spreads are starting from 1.4 pips. Since spreads are never at the lowest point, you can expect higher than that. Therefore, it’s already way more expensive than some Tier 1 licensed brokers.
Also, brokers with strict regulations can offer you the leverage of 1:30. Even though it’s not attractive, it keeps your funds way safer. Instead, Kridex broker offers you up to 1:500. As for the commissions, they start from $1.5 per side. Still, it is not as precise as you would get from a top-tier regulated company.
In fact, bonuses are available, even though that is not transparently presented. But if you look at their bonus policy, you will see a catch. Once you accept the bonus, you need to reach minimum trading volume in 90 days to get the bonus funds out. Before that, your funds are practically stuck.
Kridex Trading Features
On the positive side, the company offers a trusted MetaTrader 4 platform. You can enjoy high execution speeds, low latency, NDD, and many other benefits.
However, that all becomes irrelevant if the broker is not Tier 1 licensed. To see an example, we invite you to read our Axiom Trade review.
Is Kridex Legit?
If the broker has a trusted license, it would be a perfect environment. However, you can expect potential issues with their history of rebranding and warning from a regulator. So, instead of making a quick decision, do your research first before investing.
Available Trading Assets
One of the huge downsides with this broker is a lack of two key instrument classes. Without it, their offer is not complete or attractive. But what you can invest in is:
- Forex – USD/GBP, AUD/SGD
- Commodities – gold, crude oil
- Indices – ASX200, DAX30
In fact, Kridex brokers offer only 3 live account types. Practically, they only differ in spreads and commissions, which are not precisely revealed. Anyway, the choices are:
- Classic – $50
- ECN – $250
- Pro – $5.000
Mobile Trading App
Mobile apps with MetaTrader 4 are generally available. On the positive side, this broker also provides access to it. Therefore, you won’t have to worry about trading on the go.
Another key fact is a demo account availability. You can register it in a few very simple steps. But, you shouldn’t play too much. Otherwise, you’ll lose track of what’s real and what’s not. In the end, it can cost you once you start trading with real money.
Surprisingly, there is a catch for withdrawals. Kridex broker charges you 10% of the amount if you request a withdrawal before meeting conditions.
Those are to make 3 standard lots in FX and Commodities trading or 30 lots in indices. Also, any withdrawal amount higher than your deposit can be dispersed in some other ways. But the client covers the costs, that can be made up.
On top of all, there is a bonus policy that is also limiting your withdrawal options. However, none of the regular fees are transparently presented.
Working hours of Kridex customer services are from 12 AM Sunday – 12 AM Friday GMT. The contact options are e-mail, web form, and live chat. But also there is a phone number from the UK, most likely VOIP service. To learn the importance of high-quality support, read our Coin2FX review.
Key Information To Consider About Kridex
Primarily, the owner runs multiple brands, one of which already has a warning. Secondly, the company doesn’t have any Tier 1 regulations. Therefore, you can’t expect maximum protection. Neither can you get compensation in the case the company goes bankrupt.
After all, there are too many unclear policies and fees where you can expect potential problems. If any occurs while you are trading with this broker, feel free to contact us. Our specialists can advise you step-by-step on the next move. Most importantly, the first consultation is free of charge. Get in touch today!
What Is Kridex?
Kridex is an offshore broker operated by Quantix FS Limited with headquarters in Seychelles.
Is Kridex Trustworthy?
In some ways, but still, you can expect potential issues considering their history. If you experience any, don’t hesitate to contact us for advice.
What Are The Account Types in Kridex?
There are only 3 options available with Kridex broker. Those are Classic, ECN and Pro accounts with the minimum deposit requirement of $50.