With the increase in popularity of Derivatives, margin or futures trading, traders have made a point of importance to always look for the best exchange that offer enticing features. In the such quest, Traders may come across satisfying exchange with good services while others the direct opposite. One exchange which I will be looking at today is Trade kax exchange. TradeKax exchange was a high end derivatives trading platform. From my analysis and studies about this exchange I was able to conveniently conclude that the exchange was infact a scam exchange.
This particular exchange was registered in England, initially I thought the exchange was going to be useful because most of the exchange from UK/ENGLAND were one of the best exchanges in the cryptomarket. But reverse is the case here. All of a sudden, the webpage became inaccessible and was always displaying an error message that reads "Error 522". The inactivity in its Telegram group and an unknown reading volume is enough proof to show that this exchange is no longer in operation.