Review summary
Degen Tradex is a trading entity registered in the United Kingdom that has been operating for less than a year. According to WikiFX data, this broker holds no valid regulatory licenses from any major financial authority for forex trading, classifying it as an unregulated entity. The WikiFX Score of 1.04 reflects a significant deficit in regulatory oversight and risk management. Account types are structured into three tiers with minimum deposit requirements ranging from £500 for the Starter account to £10,000 for the Platinum tier. Prospective clients should be aware that engaging with an unregulated broker involves inherent risks due to the absence of standard investor protection schemes and financial oversight mechanisms. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-10)
