Tradelax is not regulated broker. Tradelax’s website provides a bunch of customer support contact numbers in various countries. However, there is no mention of the company’s name, where it is based, etc. There is also no information about its regulatory status either. Basically, Tradelax operates on regulated financial markets without any license. Considering all these facts, we advise you to stay away from this broker. You can check the list of the Regulated brokers and choose the one that fits your expectations.