TexaMarkets

TexaMarkets is an online brokerage firm registered in the United Kingdom, operating the domain texamarkets.com. The company was founded in July 2023, according to our records, though its website claims a longer history dating back to 2012. It presents itself as a multi-asset trading platform, offering access to currency pairs, commodities, indices, stocks, and cryptocurrencies. With a variety of account tiers and high leverage up to 1:400, the broker aims to cater to both retail and institutional clients, including those seeking Islamic accounts.

A critical aspect of any broker review is regulatory oversight. Based on our verified records, TexaMarkets holds no regulatory licences from any recognised authority. The firm is registered as a company in the United Kingdom, but this does not equate to financial regulation by the Financial Conduct Authority (FCA). On its website, TexaMarkets makes general statements about fund security and international standards, but does not name a specific regulator. For traders, this absence of oversight represents a significant risk factor, as there is no external guarantee of client fund protection or recourse in case of disputes.

TexaMarkets offers six distinct account types, designed to accommodate different trader profiles. The LEARNER ACCOUNT requires a minimum deposit of just $100, making it accessible for beginners. The START UP and BUSINESS accounts require $500 and $1,000 respectively, while the CORPORATE and FIXED accounts start at $2,500 and $5,000. The ISLAMIC account, with a $1,500 minimum, is intended for traders who require swap-free trading in compliance with Sharia principles. All account types share a common maximum leverage of 1:400, which is relatively high and can amplify both gains and losses.

The broker provides the widely-used MetaTrader 5 (MT5) platform, available for desktop (Windows and Mac) and web browsers. MT5 offers advanced charting tools, multiple order types, and automated trading through Expert Advisors. No mention of MetaTrader 4 or proprietary platforms was found. The instrument list includes forex, commodities, indices, stocks, and cryptocurrency, though specific numbers of instruments are not disclosed. A web trading option is also available, allowing access from any device without installation.

TexaMarkets does not publish detailed information about deposit and withdrawal methods on its main pages. Contact options include phone numbers (+44 20 7946 0212 and +44 20 7946 0485) and email addresses (info@texamarkets.com and supports@texamarkets.com). The company claims 24/7 customer support via phone to assist with technical or accounting issues. Physical address matches the UK registration: Office 22, 79-21 Crawford Street, London, W1H 1PJ.

Despite our records showing a 2023 incorporation, the TexaMarkets website describes a timeline starting from 2012, including milestones such as receiving its first broking order in 2014 and becoming a 'Global Market Leader' by 2018. This discrepancy may raise questions about the accuracy of the company's historical claims. The firm maintains a presence on social media platforms including Facebook, Instagram, LinkedIn, and Twitter/X, but activity levels are not verified. Given the lack of regulatory oversight and the short actual operating history, traders should approach with caution.