About RADEX MARKETS
About Radex Markets
Radex Markets is an online forex and CFD broker that was established in October 2021 and is headquartered in Victoria, Mahe, Seychelles. The broker operates under the legal name RADEX MARKETS Ltd and is registered at T55B, Third Floor, Espace Building, Ile Du Port. It offers trading services primarily to retail and institutional clients worldwide.
Regulation and Safety
Radex Markets holds a Derivatives Trading License (License No. SD226) from the Seychelles Financial Services Authority (FSA), which is considered an offshore regulator. While the FSA provides a baseline regulatory framework, it is not as stringent as major regulators like the FCA or ASIC. The broker claims to keep client funds in segregated accounts, but traders should be aware of the limited investor protection typically associated with offshore regulation.
Account Types and Trading Conditions
The broker offers two main account types: Standard and RAW. The Standard account has no commission and spreads starting from 1.1 pips, suitable for traders who prefer a simpler fee structure. The RAW account charges a commission of $5 per lot but offers spreads from 0 pips, appealing to scalpers and high-volume traders. Both accounts require a minimum deposit of $100 and offer leverage up to 1:500. The maximum leverage is high, which can amplify both gains and losses.
Trading Platforms and Instruments
Radex Markets provides the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available on desktop, web, and mobile devices. These platforms offer advanced charting, technical analysis tools, and automated trading via Expert Advisors (EAs). The broker claims to offer over 350 tradable instruments, including forex pairs, stock CFDs, commodities, indices, and metals. Cryptocurrency CFDs are also available, though the exact list is not disclosed in the provided data.
Deposits and Withdrawals
Specific deposit and withdrawal methods are not disclosed in the available information, but the broker states that it supports fast deposits and withdrawals. Several user reviews mention fast processing times, with some withdrawals being completed within two hours. However, a few negative reviews report delays and issues with KYC verification that can prolong withdrawal times.
Customer Support
Customer support is a highlighted feature, with the broker offering live chat and a hotline. Reviews indicate that the support team is responsive and helpful, particularly during the onboarding process. The broker assigns account managers to assist traders, and many users praise their professionalism and clear communication.
Target Audience
Radex Markets appears to target both retail traders and affiliate partners. The high leverage and low minimum deposit make it accessible to beginners, while the RAW account with low spreads may attract experienced traders. The broker also offers promotional bonuses, which can be appealing but often come with trading volume requirements.
Overview compiled by FXCanary from regulatory records and public data. full RADEX MARKETS review