www.tradaxa.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.tradaxa.com.
After for roughly four months with www.tradaxa.com I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: No hidden fees|Social trading features
Cons: Wait times can be long during peak hours
www.tradaxa.com advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Competitive fees|Reliable uptime|Easy withdrawals
Cons: Website design could be more modern|Nothing significant
Do not believe the bonus offer from www.tradaxa.com. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited based on a colleague's recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Market news feed|Stable platform|Great customer service
Cons: Onboarding videos are outdated|Slow to add new assets
www.tradaxa.com changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Wide product range|Smooth onboarding|Transparent fees|Portfolio tracking tools
Cons: Limited social trading features
If you are reading this considering www.tradaxa.com - run. I wish I had read more negative reviews from a review site like this one. I thought the positive ones were real. Maybe some are. My experience over since I retired last year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Quick verification|Fast execution
Cons: Would like more payment methods|Website design could be more modern
I signed up with www.tradaxa.com when my bank disappointed me and I searched for alternatives and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Market news feed|Great customer service|Real-time alerts|Risk management tools
Cons: Could offer more webinars
After using www.tradaxa.com for close to eighteen months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Automated trading options|Low minimum deposit|Real-time alerts
Cons: No integrated tax optimization
Do not use www.tradaxa.com for anything serious. I used them for the past six months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Stable platform|Easy withdrawals|Clean UI|Two-factor authentication
Cons: Inactivity fee applies after 12 months|Email notifications too frequent
I had a dispute with www.tradaxa.com and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Comprehensive tools|Excellent charting|Good analytical tools|Social trading features
Cons: Limited demo account features
After spending for about ten months trying to make www.tradaxa.com work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Multiple order types|Market news feed|Competitive fees
Cons: Minor UI glitches occasionally