sedxcmarkets is a CFD broker with a domain name registered on July 22, 2024. It primarily offers trading services in financial derivatives such as forex, precious metals, crude oil, indices, and cryptocurrencies to retail and institutional clients. This broker does not provide services in jurisdictions where it could potentially violate local laws or regulations.
Company Registration Information and Regulatory Status
According to sedxcmarkets' official website, the broker claims to be one of the top 50 financial services companies in the UK, using "Sedxc" as its trading name. The company address is listed as 286 Euston Rd., London. However, the broker does not disclose its full company name, registration number, or corresponding regulatory license number on its official website, nor does it provide detailed legal documents such as terms of service.
After verification, no company registered under the name "Sedxc" was found on the UK Companies House website, and no regulatory information for the company was found on the UK Financial Conduct Authority (FCA) website.
Additionally, the web design and content of sedxcmarkets are identical to those of fraudulent broker websites like fdglobalfx, aocfxs, gomarketsforex.com, ABASTR, Bakkt Market, and proper-fx.com, all of which use the same template.
Therefore, sedxcmarkets is actually a fraudulent broker website with no corporate entity or regulatory oversight.
Trading Instruments
sedxcmarkets offers financial derivative tools including forex, precious metals, crude oil, indices, and cryptocurrencies.
- Forex: Offers dozens of major forex currency pairs including EUR/USD, USD/CAD, GBP/USD, USD/JPY, and more.
- Precious Metals: Provides various spot metal trades: gold (XAUUSD) and silver (XAGUSD).
- Crude Oil: Offers trading in U.S. crude oil (UsOIL)
- Indices: Nikkei Index (N225), German Index (GER30), S&P 500 Index (US500)
- Cryptocurrencies: Offers dozens of major digital currency pairs including Bitcoin (BTC/USD), Ethereum (ETH/USD), Ripple (XRP/USD), among others.
Account Opening Process
The account opening process at sedxcmarkets involves:
- Visiting the broker’s website and clicking on "Open Account" in the top right corner to enter the registration page.
- Filling in your email address and setting a login password, after which you will receive a verification code via the provided email address.
- Submitting the application form with the received verification code, after which the account will be successfully registered.
- Upon logging in, you need to complete full KYC verification to start depositing and trading.
Account Information
sedxcmarkets’ website only discloses information about spreads, trading leverage, and contract sizes. Information about account types, trading commissions, minimum/maximum trade size, maximum position/order size, margin calls/stop levels, and minimum price increments are not provided.
- Base Currency: USD
- Spread: Floating spread starting from 1 pip
- Trading Leverage: 1:100
- Contract Size: 1 lot = 100,000 currency units
Trading Platform
sedxcmarkets claims to offer the ST5 trading platform for users, available in both desktop and mobile versions. The platform provides over 50 technical indicators and intraday analysis tools and includes features for advanced traders. However, the ST5 platform is rudimentary in design and functionality and is commonly used by fraudulent brokers.
Deposits and Withdrawals
sedxcmarkets does not specify its supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its website.
Conclusion
Traderknows reminds investors that sedxcmarkets is actually a scam broker website with no company entity or regulatory oversight. Additionally, the only contact method provided is through email. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, sedxcmarkets is labeled as "Suspected Fraud" on Traderknows.
