Radex Markets Review: Unlicensed in Türkiye, 1:500 Leverage

🔴 Licence and Credibility Analysis

• ● SPK licence: Radex Markets is not authorised in Türkiye by the Capital Markets Board (SPK). It has no authority to serve investors in Türkiye.
• ● Seychelles FSA licence: A Seychelles Financial Services Authority licence is reported. The Seychelles FSA is an offshore regulator and investor protection is extremely limited. Minimum capital requirements are low and the supervision mechanism is inadequate.
• ● 1:500 leverage: Leverage of 1:500 is far above the limits allowed in regulated markets. It is capped at 1:30 in the EU and at 1:30 in Australia. Such a ratio leads to large losses on small market moves.
• ● Withdrawal reports: Investors report problems with withdrawal requests. Delays and withdrawals blocked with various excuses are reported.
• ● FCA, ASIC, CySEC: It holds no forex licence from well-regarded regulators.

⚠️ Fraud Methods and Victim Experiences

• ● The extreme leverage trap: 1:500 leverage offers the promise of "big profits with small capital". In reality, a movement of just 0.2% in the market can wipe out the entire capital. This ratio is designed to exhaust investors quickly.
• ● Withdrawal obstacles: Victims report that withdrawal requests are refused with various excuses. Reasons such as "insufficient trading volume", "bonus conditions not met" and "account verification pending" are used.
• ● The Seychelles licence used as a shield: The "licensed" label is used as a tool for building trust among investors. However, a Seychelles FSA licence provides no practical protection.
• ● Aggressive marketing: Investors are attracted through social media and search engines with promises of high returns.
• ● Extra payment demands: While a withdrawal is blocked, additional payments may be requested under the names "tax", "commission" or "security deposit".

📊 Findings Identified

• ● The limits of the Seychelles FSA: Seychelles is a small island state in the Indian Ocean. An FSA licence offers offshore brokers a low-cost registration option. The supervision mechanism is limited and there is no investor compensation fund.
• ● Analysis of the name "Radex": The word "Radex" can be read as a combination of "radar" and "exchange". It creates an image of technology and market monitoring.
• ● The regulatory dimension of 1:500 leverage: This ratio is unlawful in regulated markets. Offering 1:500 shows that the platform is deliberately avoiding regulation.
• ● The pattern of withdrawal reports: Multiple victim reports point not to an isolated problem but to a systematic practice.

🛡️ Protection Guide

• ● SPK check: The list of authorised firms is published on SPK's official website.
• ● Leverage and licence jurisdiction: Leverage above 1:30 and registration in offshore jurisdictions such as Seychelles are signs of unreliability.
• ● Withdrawal behaviour: Before large sums are deposited, how a small withdrawal is handled is often seen as an early indicator of how a platform treats client money.
• ● Where a person believes they are a victim: In practice, the bank is informed, a criminal complaint is filed with the public prosecutor's office and a report is made to SPK.

Frequently Asked Questions

For detailed information and legal support, you can contact Savun Law & Consultancy.