Trendex is an online trading broker that claims to offer a wide range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies. However, there is a lot of evidence to suggest that Trendex is a scam broker.
Trendex is owned by TRND HLDS Limited, which is registered in Hong Kong. However, the company does not have a physical address or any contact information listed on its website. This is a red flag, as legitimate brokers will typically have a transparent company structure and contact information.
Does Trendex Have Any License?
No, Trendex is not licensed by any financial regulator. This means that the company is not subject to any regulatory oversight, and there is no guarantee that your funds will be safe if you deposit them with Trendex.
Is Trendex Regulated By Any Authority?
No, Trendex is not regulated by any financial authority. This means that the company is not required to comply with any financial regulations, and there is no guarantee that your funds will be safe if you deposit them with Trendex.
Pros and Cons
- Wide range of trading instruments offered
- User-friendly trading platform
- Competitive spreads
- Not licensed by any financial regulator
- Not regulated by any financial authority
- Numerous complaints from traders about withdrawal issues and poor customer service
How Does Trendex Reach To Their Prey?
Trendex uses a variety of methods to reach their prey, including:
- Cold calling: Trendex salespeople will often cold-call potential customers and try to convince them to open an account with the company.
- Online advertising: Trendex will also run online advertisements on social media and search engines.
- Affiliate marketing: Trendex pays affiliates to promote the company’s services to potential customers.
The minimum deposit with Trendex is 500 EUR. This is a relatively high minimum deposit, especially when compared to other brokers.
Trendex offers a web-based trading platform. The platform is user-friendly and easy to navigate. However, there have been reports of the platform being buggy and unreliable.
Trendex offers competitive spreads on most of its trading instruments. However, the spreads can widen significantly during periods of high volatility.
Trendex offers leverages of up to 1:500. This is a very high leverage level, and it can be very risky for traders.
Packages and Products They Offer
Trendex offers a variety of trading packages and products, including:
- Standard account: This is the basic account type, and it offers a minimum deposit of 500 EUR.
- Premium account: This account type offers a higher minimum deposit of 10,000 EUR and provides traders with access to additional features, such as a dedicated account manager and priority customer support.
- VIP account: This account type offers the highest minimum deposit of 50,000 EUR and provides traders with access to the most exclusive features, such as personalized trading strategies and risk management tools.
Withdrawal and Deposit Method
Trendex offers a variety of deposit and withdrawal methods, including credit cards, debit cards, bank transfers, and e-wallets. However, there have been numerous complaints from traders about withdrawal issues.
What Do Their Previous Traders Say?
There are numerous complaints from traders about Trendex online. Traders have complained about withdrawal issues, poor customer service, and unfair trading practices.
Summing Up- Why Should Not You Trust Trendex
There are many reasons why you should not trust Trendex. The company is not licensed by any financial regulator, and it is not regulated by any financial authority. This means that there is no guarantee that your funds will be safe if you deposit them with Trendex. Additionally, there are numerous complaints from traders about withdrawal issues and poor customer service.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have deposited money with Trendex and are having trouble withdrawing it, you may be able to get help from a financial recovery service. Financial recovery services can help you to recover your lost funds from scam brokers.
File A Complaint Against Scam Broker's
Trendex is a scam broker. The company is not licensed or regulated by any financial authority, and there are numerous complaints from traders about withdrawal issues and poor customer service. If you are considering trading with Trendex, we strongly advise you to reconsider.
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