Travelexmarkets is a Contract for Differences (CFD) brokerage website, with its domain registered on April 25, 2024. It primarily offers trading services in forex, precious metals, crude oil, indices, and other financial derivatives to retail and institutional clients. This broker does not provide services to jurisdictions where such services would violate local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the Travelexmarkets (www.travelexmarkets.com) website reveals that the company's full name is Travelex Co. Ltd. Its headquarters is located at the Empire State Building, 350 5th Avenue, New York, NY 10118, United States. Additionally, this broker claims to be authorized and regulated by the National Futures Association (NFA) with NFA ID: 0563503.
Upon verification, the NFA website shows that NFA ID 0563503 belongs to DCNFOREX, not Travelex, and DCNFOREX is registered as a non-member, without NFA authorization and regulation. Furthermore, this broker has not disclosed detailed registration information about the company entity on its website.
Therefore, Travelexmarkets (www.travelexmarkets.com) is essentially a fraudulent brokerage website with neither a corporate entity nor any regulatory oversight.
Account Opening Process:
To open an account with Travelexmarkets, visit the broker’s website, click on “ログイン” on the homepage to access the account registration page, enter your email address and set a login password as required. The broker will then send a verification code to the email address provided. Enter the verification code into the application form and submit it. Once the application is submitted, the account will be successfully registered. After logging in, identity verification is required before depositing funds and trading.
Trading Account Information:
The Travelexmarkets website does not disclose information about account types, trading commissions, minimum/maximum trade sizes, spreads, leverage, margin call/stop-out levels, contract sizes, maximum positions/order amounts, or minimum price increments.
Trading Platform:
Travelexmarkets provides users with the TradingWeb platform, available on both desktop and mobile. This platform supports MQL language and the creation of Expert Advisor (EA) automated trading systems, allowing users to customize and manage multiple trades simultaneously.
Deposits and Withdrawals:
Travelexmarkets does not clearly state the supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that Travelexmarkets is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
