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.
www.tradaxa.com offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Multi-currency support|Low minimum deposit|Smooth onboarding|Transparent fees
Cons: Live chat only during business hours
I experienced a security concern with my www.tradaxa.com account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Excellent charting|Instant funding
Cons: No fractional shares|Limited cryptocurrency options
My card was charged twice by www.tradaxa.com on the same day. I had to dispute it with my bank. www.tradaxa.com then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Competitive fees|Regular platform improvements|API access|Fast execution
Cons: Nothing significant
The onboarding at www.tradaxa.com was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Professional team|Regular platform improvements|Segregated accounts|Instant funding
Cons: No fractional shares|Withdrawal takes 1-2 business days