tradexchange.live is a Contract for Difference (CFD) broker with a domain registered on March 21, 2024. This broker primarily offers investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries or regions where it would violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on the tradexchange.live website, this broker was established in 2016 and claims that its company entity is VLS, using "Trade Exchange" as its trading name, asserting that it is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose specific company registration information or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) has no record of any company named "VLS" being regulated.
Therefore, tradexchange.live is essentially a website run by a fraudulent broker, lacking both a company entity and any form of regulation.
Account Opening Process
The account opening process on tradexchange.live involves visiting the broker's website, clicking on "Open Account" on the homepage or "SIGN UP" at the top right of the page, filling in personal information such as name, email, and setting a password, and then submitting the form. After verification, the registration is complete.
Trading Instruments
tradexchange.live offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, enabling 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, exploring popular indices for diverse opportunities with high leverage to enhance potential returns.
- Commodities: Commodity trading covers key resources in global markets, allowing traders to buy and sell a range of raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in public companies' price fluctuations, earning from price changes and dividends without actually holding shares.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the chance to profit from highly volatile assets.
Investment Plans
tradexchange.live offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: £500
- Minimum expected profit: £3,500
- Maximum expected profit: £5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Minimum expected profit: £45,000
- Maximum expected profit: £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: £10,000
- Minimum expected profit: £99,999
- Full suite of benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional Forex signals
- Up to 10 signals daily
- 95% success rate
- Round-the-clock support
- Advanced trading tools
- Bitcoin payment only
- Use any broker
Trading Platform
tradexchange.live claims to offer a self-developed trading platform with an average order execution speed of less than 7.12 milliseconds, a comprehensive liquidity provider, and over 12,000 orders executed per second. However, their download link redirects to the MT4 trading platform, and there is no broker named "Trade Exchange" found on the MT4 platform.
Deposits and Withdrawals
tradexchange.live does not support deposits and withdrawals via credit cards or bank transfers; it only supports transactions through cryptocurrencies.
Conclusion:
Traderknows reminds investors that tradexchange.live 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.
