There’s a sharp increase in the number of brokers offering CFDs instruments lately. Trenixo is one of the new brokers in the year 2024 who are promising to help traders maximize profit through a trading platform designed to empower clients with unmatched convenience and outstanding service. Trenixo believes they will beat established brokers by providing an unparalleled trading experience. The broker claims that traders will achieve their financial goals and earning potential using their tools, guidance and support. However, the purpose of this review is to look at Trenixo’s claims and answer your questions one by one.

Your money is not safe in the hands of Trenixo broker

Safety of funds is paramount and we prioritize it when reviewing new Forex brokers. Trenixo discusses safety of funds in their terms and conditions where they claim that funds of their customers are held in segregated accounts. However, when we look at the country where this broker operates from, we begin to have doubt about these claims. This broker operates in the offshore island of St. Vincent and the Grenadines. This jurisdiction does not have proper regulatory oversight authority and retail brokers can set up and run business anyhow. Therefore, an SVG-based broker like Trenixo can’t guarantee the protection of investors’s funds and anything they say with regards to funds safety is misleading.

A very new Forex broker

Having created the domain of this broker in June 2023 and updated it into a usable website in November same year, it can be concluded that this is a fairly new broker. We have not seen their achievements yet. The broker lacks a track record or experience that makes them stand out from the rest. Even though they claim that Trenixo offers a trading platform that assures unmatched convenience and outstanding service, the company is not able to prove this statement. You cannot put your financial future into the hands of Trenixo if the company is not able to prove their experience in helping people secure a financial future.

Fake client reviews on the Trenixo.com website

This broker has posted some “customer reviews” on their website to imply that people are actively using the service. However, we’re unable to verify the authenticity of these comments from the supposed users. New Forex brokers are known to post fake client reviews on their own websites to make new traders believe that the broker is attracting attention. We checked traffic stats to the Trenixo.com website and found that the numbers don’t match what the broker is implying in their marketing material. Also, during our investigations and analysis of this broker, we noted that no one is talking about this broker because the community isn’t aware of the new website just yet.

Trenixo lacks transparency

The broker is not so transparent with their account packages. If you check the account types page, you’ll not find minimum deposit disclosure, leverage, fees or commission. This is the next page that new potential clients often visit when they want to sign up with a broker. Refusal to disclose this information means that the broker is potentially not honest about their offering. They’ll hit you with unexpected fees and make the experience not so welcoming. Also when we signed up, we didn’t have access to leverage settings and we didn’t know how to get started with regards to the amount of money the broker is expecting from us. The demo account was also dyfunctional. There’s no point adding a demo account if new traders can’t begin using it right away.

Little is known about the company

We only know that this broker is operating from St. Vincent and the Grenadines. This is from their contact page and it’s all that they want their customers to know. The broker’s refusal to disclose company details is worrying. Their company profile page is a mockery of what legitimate Forex brokers do. The website owner has written a short vague paragraph about their objective, vision and strategy but failed to disclose real information about the company. This is a red flag.

Conclusion

We wouldn’t encourage the community to use the services of this broker considering that the website of this company is very new, uninspiring and full of red flags. While interacting with their Web-based trading platform, we didn’t like the charting application because it proved incompatible with third-party indicators and EAs. It also looked plain boring and unspiring. Given that Trenixo is an unlicensed broker, they give us lesser reasons to consider them as a potential choice to pick for trading.