Synthetic Tradexbase is a CFD broker whose official website domain was registered on December 5, 2023. The broker primarily provides investment services to investors in markets such as Forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services to countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the Synthetic Tradexbase website shows that the broker was founded in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose the company's registration information or detailed regulatory information.
Upon verification, no company named "Synthetic Tradexbase" was found in the ASIC's list of regulated entities.
Therefore, Synthetic Tradexbase is essentially a fraudulent broker website with no legitimate company entity or any regulatory oversight.
Account Opening Process
The account opening process for Synthetic Tradexbase involves visiting the broker's official website and clicking on "Open Account" on the homepage or "SIGN UP" at the top right of the webpage. You then proceed to the account registration page, fill in the required personal information such as name and email, set a login password, and submit. After verification, the account can be successfully registered.
Trading Instruments
Synthetic Tradexbase offers a variety of trading products to its customers, including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies and is known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, one can find diverse trading opportunities and leverage high returns.
- Commodities: Commodity trading covers vital global market resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to profit from public companies' price movements and dividends based on company performance without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading provides opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
The Synthetic Tradexbase website does not disclose information about account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trading volumes, maximum open positions/orders, or minimum price precision.
Trading Platform
Synthetic Tradexbase provides a self-developed trading platform and claims that the average order execution speed is under 7.12 milliseconds, with an integrated liquidity provider and over 12,000 orders executed per second. However, the download link directs to the MT4 trading platform, where no broker named Synthetic Tradexbase could be found.
Deposits and Withdrawals
Synthetic Tradexbase does not allow deposits and withdrawals via credit card or bank transfer. It only supports transactions through cryptocurrencies.
Conclusion:
Traderknows reminds investors that Synthetic Tradexbase is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
