Company Summary
Note: Travelex's official website - https://www.travelexltd.cc/ is currently inaccessible normally.
| Travelex Review Summary | |
| Founded | 2023 |
| Registered Country/Region | China |
| Regulation | Not regulated |
| Market Instruments | Forex, Commodities, Stocks, Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | / |
| Trading Platform | FX6 |
| Min Deposit | / |
| Customer Support | Email: service@travelexltd.com |
Travelex is a relatively new broker in the industry, offering forex, commodities, stocks and indices to trade on the FX6. It also offers demo accounts. However, it is unregulated.
Pros and Cons
| Pros | Cons |
| Various trading assets | Relatively new |
| Demo accounts offered | Not regulated |
| Lack of transparency | |
| No MT4/5 | |
| Only email support |
Is Travelex Legit?
No, Travelex is not regulated by any financial authorities. It doesn't need to obey the rules of any regulations. Traders should be cautious when trading.
What Can I Trade on Travelex?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
Travelex's leverage varies by different assets. For Forex trading, the platform offers a high leverage ratio of 1:1000, while for Commodities trading, the leverage is set at 1:500. In contrast, stocks and indices trading have a lower leverage ratio of 1:100. The higher the leverage, the more profits and losses.
| Asset Class | Max Leverage |
| Forex | 1:1000 |
| Commodities | 1:500 |
| Stocks | 1:100 |
| Indices | 1:100 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| FX6 | ✔ | PCs, iOS and Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
