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Tradelix.de is a crypto broker without any valid license to operate. The broker has, over the years, failed to offer much in terms of creativity. No member has made any withdrawals with the Tradelix DE platform. You, too, can be a victim if you sign up with the broker. Our tradelix.de review will expose why this broker is a scam. Please find out more in our detailed TRADELIX DE REVIEW.
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Without a clear background and history, the broker wants us to believe every word on the platform. So you have to question the intent of the platform before signing up. What is the broker after, and are there genuine crypto services on offer?
These are the questions that each investor or trader needs to consider before signing up. But, of course, it would be best if you were also looking for empty promises. These include large profit claims and bonuses after signing up.
From what we have seen, none of the members has made any withdrawals since January. So the broker decided to block withdrawals. Even access to the principal amount is not possible with the platform. And members are unhappy.
Complaints over the broker’s intent have reached our helpdesk. And that’s why we decided to conduct a thorough review of Tradelix.de. What we found out will reveal all the red flags found on the platform.
No, you won’t find any of the world-class trading terminals available on the platform. Instead, the broker promises a barrage of empty bonuses. The platform in question is a custom-built trading platform.
A far cry from the MT4 and MT5 trading platforms, their terminals are unstable at best. You don’t get the necessary tools to help you match along the platform. These terminals are also not compatible with most mobile devices.
The strength of a broker is also the trading platform in use. We see a broker using a custom-made platform that’s slow at executing trades. An unstable platform is also a risky platform in terms of the accuracy of signals.
The inaccuracy of these signals will affect the results. Most users didn’t find it easy to navigate through the menus provided by the broker. You get lost as there’s more information needed than necessary.
It seems the broker offers one account for all activities. The broker fails to give information about what members get from the account. There’s no mention of a minimum deposit on the platform.
And this has led to several investors questioning why they have a single account. We don’t know the set leverage or minimum acceptable deposit. Instead, we have a broker claiming that the more you deposit, the higher your chances of winning.
All these are false narratives the broker uses to entice members to deposit funds. The broker also fails to mention the set trading conditions for pairs and spreads. Going in, each member should know the set conditions.
We suspect the broker will take over the trading mid-way through your sessions. And that means having to place trades on your behalf. Knowing too well the risks, the broker is willing to use your funds to place risky trades.
One would expect the broker to offer insights on acceptable leverage. Of course, with crypto being a volatile market, it pays to have set leverage. But on the other hand, high leverage puts your trading position at risk. And that’s what every trader should avoid.
In the crypto industry, leverage goes as high as 1:500. However, we suspect the broker takes the leverage to 1:1000. By doing so, the broker benefits from the commissions earned with each trade.
Leverage and spreads are information each member needs before deciding to start trading. Registering with the platform is another cause for concern for anyone signing up with Tradelix.de.
Once you open an account, the platform has a form to fill out. The form requires your name, contact, and address. We see a straightforward way of signing up with no signs of red flags yet.
After signing up, instead of verifying the account, members get a deposit method option. You can then deposit and let the broker take over your account. The broker only wants to verify your account when you click the withdrawal tab.
Verifying your account requires members to send valuable documents. These include a copy of your ID, bank statements, and credit card information. No one knows why the broker would ask for these documents hence the worry.
A credible crypto trading platform would use a two-factor authentication process. That’s the legit way to ensure members sign up with ease. But, of course, you must be careful with whom you share your banking details.
It seems the broker is only interested in trading cryptocurrencies. The broker claims to offer over 5,000 altcoins up for grabs. However, once you sign up, the dashboard has less than 100 available crypto pairs.
And this means the broker isn’t factual about the number of trading assets available. The number limits members from spreading risks. We also see a few weird pairings that don’t make sense.
The broker also fails to pair any of the cryptos with major currencies. That way, members won’t have to spread risks. And that’s why the broker insists on you letting them use your funds to trade. That’s unacceptable.
Information on the homepage disclaimer suggests the broker resides in Delaware, United States. These are false claims as the broker fails to offer any such documents to prove registration. We suspect Tradelix.de is another anonymous crypto broker.
Anonymity should be the last option on your mind when depositing funds. It’s nearly impossible to withdraw funds, even if you hire recovery agents. The owner may switch bank accounts or transfer funds to other anonymous crypto wallets.
We rate the broker a dismal 1/10 due to the inconsistencies in their service delivery. The broker also doesn’t have any praise in the crypto world. Those who have engaged with the broker will likely lose every penny.
You won’t find any positive reviews of the platform. It’s clear what the crypto investing, and trading community thinks of the platform. And as such, it’s best to steer clear of the platform. Please ignore all calls from call agents urging you to sign up.
A crypto trading platform ought to offer 24/7 support to members. After all, the crypto markets are running daily. But unfortunately, the broker uses a virtual phone number that rarely goes through.
We also have a broker who is not willing to offer much in terms of actual support. So, for example, when you email support regarding withdrawals, the broker won’t respond. And that’s why we condemn the broker.
Tradelix.de is not a secure platform, and please stay away from it. In addition, the broker fails to segregate funds and doesn’t offer insurance coverage for deposits made by clients.
Please stay away from the platform.
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