Altrix Edge – Broker Review

Altrix Edge

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Altrix Edge

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A regulator warning has been issued by Canadian authorities against Altrix Edge in September 2023

If you are looking for a reliable and trustworthy online broker, you might have come across Altrix Edge. Altrix Edge claims to offer a wide range of trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies. But is Altrix Edge a legit broker or a scam?

In this review, we will examine the features, advantages, and disadvantages of Altrix Edge, and help you decide whether it is a good choice for your trading needs.

What is Altrix Edge?

Altrix Edge is an online broker that was founded in 2019 and is based in St. Vincent and the Grenadines. According to its website, Altrix Edge is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines, and has a license number of 25699 IBC 2019.

Altrix Edge offers four types of trading accounts: Basic, Silver, Gold, and Platinum. Each account has different minimum deposit requirements, spreads, leverage, and access to trading tools and educational resources. Altrix Edge also offers a demo account for traders who want to test their platform and strategies before investing real money.

Altrix Edge provides its clients with a web-based trading platform that is compatible with any device and browser. The platform has a user-friendly interface and offers various features such as charting tools, indicators, order types, market news, and economic calendar. Altrix Edge also supports MetaTrader 4 (MT4), one of the most popular and advanced trading platforms in the industry.

Altrix Edge claims to have over 200 trading instruments available on its platform, including currency pairs, stocks, commodities, indices, and cryptocurrencies. The broker also offers competitive spreads and commissions, as well as high leverage up to 1:400. Altrix Edge also provides customer support via phone, email, and live chat 24/5.

What are the pros and cons of Altrix Edge?

Pros:

  • Regulated by the FSA of St. Vincent and the Grenadines
  • Offers four types of trading accounts with different features
  • Supports MT4 platform as well as a web-based platform
  • Has a wide range of trading instruments
  • Offers competitive spreads and commissions
  • Provides high leverage up to 1:400
  • Offers customer support 24/5

Cons:

  • Based in an offshore jurisdiction with low regulatory standards
  • Does not accept clients from the US, Canada, Japan, and some other countries
  • Does not offer Islamic accounts or social trading
  • Has a high minimum deposit requirement for some accounts
  • Does not have a mobile app for its web-based platform

Is Altrix Edge a scam?

While Altrix Edge is regulated by the FSA of St. Vincent and the Grenadines, this does not mean that it is a safe and reputable broker. The FSA is known to be a lenient regulator that does not impose strict rules and standards on its licensed brokers. Therefore, traders who choose to trade with Altrix Edge should be aware of the risks involved and exercise caution.

Some of the red flags that we found about Altrix Edge are:

  • The broker does not have a physical address or phone number on its website
  • The broker does not disclose its ownership or management information
  • The broker does not provide any information about its trading conditions or fees on its website
  • The broker has received several negative reviews and complaints from its clients online

Therefore, we cannot recommend Altrix Edge as a legit broker. We advise you to do your own research and look for more reliable and reputable brokers that are regulated by reputable authorities such as the FCA, ASIC, CySEC, or NFA.

What to Do If You’ve Lost Money with Altrix Edge?

If you have been scammed by Altrix Edge or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.