Forex Broker Review (2021) – SCAM

TradeLax Brokers

TradeLax is an unlicensed offshore CFD Broker reported by a customers as SCAM Broker.

TradeLax Review- is a SCAM. Do not trust this FOREX Broker!  

Our review of TradeLax shows that they are offering investors, the CFD trading software platform made by Tradologic. The trading platform has the full range of underlying assets including: Currencies, Crypto Currency, Individual Shares, Market Indices and Commodities.

You will find two trading platform choices, either their Simplex or ForexPro trading software. Shown below is a screenshot of their Simplex trading software. Investors will not be able to use the popular MT5 trading platform, or any mobile trading apps. Their website is only available in English, and they are working with Crypto Apps being promoted in the UK.

The minimum deposit requirement for a new account at a broker like TradeLax is usually $250.

After your initial deposit, you will probably get a phone call from a salesman offering you a managed account with high monthly returns. Before chasing dreams of high returns, read this.

TradeLax Broker Review

Is TradeLax a Legit?

No, TradeLax is not licensed and not regulated by any financial regulator.

The official corporate entity that owns this broker is not mentioned, although in their terms and conditions, they list an address of: First Flооr, First St. Vinсеnt Bank Ltd Building, James Stгееt, РO Вох 1574, Kingstown, VC0100, St. Vincent and the Grenadines.

Contact phone number from Australia is: +61272277290, and from United Kingdom is: +442035192714. They can be reached via email at: [email protected].

Their official website is at:

The way we Review a TradeLax Forex Broker to resolve if they’re a scam or professional Forex Broker, is by checking for a licensed from ASIC or FCA. Respectable Forex Brokers will at all times have a license from both the FCA in United Kingdom or ASIC Australia.

Utilizing a regulated Forex Broker implies that if there’s a drawback, the federal government regulator will enable you get your a refund.

If you got scammed by TradeLax  scam broker, please report about this to us – Report a Scam Forex Broker