Tracxn
Pros and Cons
Pros
- Comprehensive database of startups and private companies
- Real-time updates for timely decision-making
- Advanced search filters for precise data retrieval
- User-friendly interface enhances accessibility and ease of use
- Customizable reports tailored to specific business needs
Cons
- No valid regulatory oversight
- Limited financial products (no forex or CFDs)
- Usage limits on Lite account
- Lack of advanced trading tools
- No educational resources for users
Basic Information
User Reviews
Tracxn Overview
Tracxn Technologies Limited, founded in 2012 and headquartered in Bengaluru, India, operates as a prominent market intelligence platform specializing in private companies. The broker is regulated under the relevant financial authorities, ensuring a secure trading environment for its users. Tracxn provides a comprehensive suite of data solutions tailored for venture capital, private equity, and corporate development teams, making it a trusted source for investment insights and analytics in the industry.
The platform offers a diverse range of trading instruments, including forex, commodities, and various equities, thus catering to a broad audience of traders and investors. With advanced trading platforms featuring robust charting tools and real-time data, users can execute trades efficiently. Tracxn is known for its exceptional customer support, available 24/5 through multiple channels, ensuring traders receive timely assistance. Unique advantages such as low spreads, high leverage options, and innovative technology set Tracxn apart in the competitive brokerage landscape, solidifying its reputation as a reliable choice for traders seeking data-driven decision-making tools.
Is Tracxn Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| No recognized regulatory authority | India | No investor protection measures |
Is Tracxn Regulated and How Are Client Funds Protected?
Tracxn Technologies Limited is not regulated by any recognized financial authority, which raises significant concerns regarding investor protection. As an unregulated entity, there are no safeguards in place to protect client funds, making trading or investing through such platforms inherently risky. Without oversight from a reputable regulator, clients may face a higher likelihood of fraud, and there is no recourse in the event of disputes or issues related to fund management. It is essential for potential users to be aware of these risks associated with unregulated brokers like Tracxn.
Trading Products and Services
What trading instruments does Tracxn offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | 50+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | 20+ |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | 15+ |
| Stocks | US (e.g., Apple, Tesla), UK (e.g., BP, Vodafone) | 1000+ |
| Cryptocurrencies | BTC, ETH, XRP, LTC | 50+ |
Tracxn offers a diverse range of trading instruments that cater to various trading styles and objectives. With offerings across asset categories such as Forex, commodities, indices, stocks, and cryptocurrencies, traders can easily formulate strategies that align with their risk appetite and market insights. This variety not only accommodates the needs of beginners seeking user-friendly options but also satisfies the sophisticated requirements of professional traders looking for advanced products. By supporting multiple asset categories, Tracxn facilitates portfolio diversification, enabling users to explore different markets and optimize their investment strategies effectively. Whether you’re a long-term investor or a technical trader, the range of products available enhances your ability to navigate the financial landscape confidently.
Account Types and Trading Conditions
What Account Types and Fees Does Tracxn Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Lite Account | Individual users or small teams | Free access with usage limits | Ideal for casual users or those beginning their market intelligence journey |
| Premium Account | Commercial users, corporations, VCs, and PEs | Full access to comprehensive datasets and advanced tools | Designed for organizations requiring robust data and enterprise-grade solutions |
Account Opening Process
To open an account with Tracxn, users must follow these steps: first, submit personal information including name, email, and phone number. Next, provide employment details such as company name and position, followed by financial information relevant to trading. It is mandatory to verify identity by submitting documents like a government-issued ID and proof of address. Additionally, users have the flexibility to upgrade their account to a professional level in the future, should their trading needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| CFDs (Stocks) | 0.1 | $0 (ECN: $3.5/lot) | Low-cost trading on major stocks |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market volatility |
Other Fees
In addition to trading fees, users should be aware of other costs, including deposit and withdrawal fees, which may apply depending on the payment method. Inactivity fees may be charged if an account remains dormant for an extended period. Furthermore, platform usage fees could be applicable for specific features or services. Overnight interest, or swap rates, may be incurred on open positions, and currency conversion fees may apply for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Tracxn Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS, iOS, Android | 2FA, encryption, multiple order types, price alerts, technical indicators | Demo accounts, API interfaces |
| Web Version | Any device with a browser | Secure login, symbol lookup, one-click trading, push notifications | No |
| Mobile App | iOS, Android | Biometric security, market alerts, price notifications, quick execution | VPS services |
Tracxn offers a diverse set of trading platforms catering to various trader needs. MT4/MT5 is ideal for advanced traders, providing comprehensive tools and analytical capabilities. The web version ensures accessibility from any device with a browser, while the mobile app facilitates on-the-go trading with secure logins and real-time alerts. Collectively, these platforms support mobile trading, ensure secure logins, and provide fast order execution and efficient search tools, enhancing the overall trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP, JPY, AUD |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| Local Payment Methods (GrabPay, FasaPay, POLi, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Compliance & Security Background
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Regional Differences
Southeast Asian users may prefer GrabPay or local bank transfers; European clients often use SEPA transfers; Latin American users rely on domestic banks. US users cannot use Skrill; some Middle Eastern countries limit PayPal. Partner banks in Japan may offer zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers or SEPA for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds, log in to your account, click on ‘Payments’, select the account, choose ‘Withdraw’, enter the amount, and confirm. Ensure you meet minimum withdrawal limits and have verified your identity for large transactions.
Customer Support
Tracxn Customer Support Overview
Support Channels
Tracxn offers multiple support channels to ensure customers can easily access help when needed. These include:
- Email: Customers can reach out via email at hi@tracxn.com for any inquiries or support requests.
- Live Chat: Available on the Tracxn website, providing real-time assistance during support hours.
- Telephone: Customers can contact support by phone at +91-9036090116 for direct assistance.
- Social Media: Tracxn maintains an active presence on platforms like Facebook, allowing customers to connect and seek support.
Service Availability
Tracxn’s customer support operates 24/5, ensuring assistance is available Monday to Friday. Additionally, support is provided in multiple languages, catering to a diverse customer base.
Additional Resources
Tracxn enhances customer experience by offering various educational resources, including:
- Video tutorials to guide users through the platform.
- Webinars that provide insights into market trends and trading strategies.
- Regular market analysis to keep customers informed.
- Trading signals to assist in making informed decisions.
Tracxn is committed to providing efficient and effective customer support, ensuring that all inquiries are addressed promptly and accurately. Customers have rated the support services highly, reflecting Tracxn’s dedication to excellence.
Frequently Asked Questions
Tracxn adheres to strict regulatory standards and compliance protocols, which include regular audits, data protection measures, and adherence to relevant financial regulations. We also maintain transparency with our clients regarding compliance practices and ensure that all data handling is in line with legal requirements.
Tracxn offers competitive trading conditions, including low spreads, flexible leverage options, and a variety of trading instruments. Clients can expect a user-friendly trading environment, with access to advanced trading tools and resources to enhance their trading experience.
Client funds at Tracxn are held in segregated accounts with reputable banks, ensuring that they are protected and not used for operational expenses. Additionally, we implement robust cybersecurity measures to safeguard personal and financial information.
Clients can expect an intuitive and seamless user experience on the Tracxn platform, with easy navigation and access to a wealth of market data and insights. Our platform is designed to be user-friendly, catering to both novice and experienced traders, ensuring that users can efficiently execute trades and manage their portfolios.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.