Many trading platforms out there can be misleadingly legit. The wording they use on their websites can be confusing. Choosing an online broker like TraderFex can be difficult.
For rookie investors, the first few hurdles can come in the form of choosing a fraudulent broker or not being able to get a hold of the complex trading platform, hard to understand investment terminology or fee structures.
About TraderFex
TraderFex is a global online financial trading platform and multi asset broker founded in 2021. Since its opening, TraderFex has been continuously growing and offers a variety of options for retail investors such as stocks, commodities, indices and many more trading options.
Trading with TraderFex
When trading the market, any capital you invest is at risk. However, when choosing a broker, the administrative body and regulatory status of the broker are very important. Brokers who conduct trades without supervision of a trading authority do so at their own judgment.
Any payments funded to TraderFex accounts by traders are held in a segregated bank account.
For added security, the platform is protected with a 128-bit Secure Sockets Layer (SSL) that encrypts data so brokers or cybercriminals cannot get access to sensitive information like your bank details, and they cannot interfere during transactions.
TraderFex has an internal risk management that monitors the trading exchange for activities of cybercriminals.
TraderFex Margin Trading
The installments are gradable to say the least. Investors get access to more trading assets and education materials, even their very one agent, should they opt not to trade alone.
The Starter and Advanced plans offer floating spreads, while the Expert and VIP accounts offer fixed spreads varying from 0.5 to 0.7 pips.
Hedging is not allowed in the Starter account and traders don’t receive market update emails. There are no deposit fees or upfront commissions in any account. If you want, you can start with the bare minimum of 250, and it’s fine. It’s our choice, after all.
You can make use of the economic calendar to keep track of upcoming events and market-related announcements. The stocks heatmap, that will help you compare prices and exchange rates and detect the strongest and weakest currencies.
TraderFex also offers a data screener that sorts through stocks and shows which ones are available for trading, as well as live market data/live streaming of prices and bid/ask quotes.
To start trading with TraderFex, you can register here.
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