Hi Catherine Lovett,Thank you for sharing your positive experience with Sunny. In spite of increased awareness, the majority of traders continue to fall victim to trading with unregulated brokers. This includes get rich quick schemes and institutions risking client money. Licenced forex brokers undergo many operational checks and audits, which drastically reduce the possibility of fraudulent activities. When it comes to trading, it’s essential to trust your broker with your money. To be able to do that, you need to make sure that your broker is regulated.
Worldtradex also provides a negative balance protection policy to ensure that traders’ funds do not go below zero. This is one of the benefits provided by the broker and ensures that traders do not lose more money than they have invested. Worldtradex is regulated and authorized by the Seychelles Financial Services Authority (FSA) which ensures that Worldtradex complies with all applicable laws and regulations.
Worldtradex review and ratings
For some traders, the platform might look outdated, however, it still remains the most popular trading platform today. One of the main reasons why the MT4 is so popular among traders is that it’s simple to learn, use and has an outstanding performance. Even today, most trading platforms fail to compete against the reliability of MetaTrader. Compared to other brokers, Worldtradex offers relatively higher leverage than other brokers. It’s important to note that leverage in trading acts as a double-edged sword, enabling traders to potentially magnify their profits if the market moves in their favor. However, leverage also magnifies losses if the market moves against them.
Deposit and Withdrawal
TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. Yes, Worldtradex offers multiple promotions, such as a 100% Supercharger Bonus, 40% Takeoff Bonus, and a 20% Welcome Reward, with maximum payouts up to $4,000. Traders can access 300+ instruments across Forex, Metals, Commodities, Indices, Shares, and Futures, all via CFDs.
In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors.
Worldtradex maintains a competitive fee structure with zero commissions across all account types. Yes, Worldtradex offers social and copy trading features, allowing traders to replicate the strategies of successful traders directly within their accounts. Opening an account with Worldtradex is a straightforward and efficient process designed to get traders up and running quickly.
The latter is a widely known offshore jurisdiction that lacks comprehensive guidelines and regulations. Hi Youssouf Mbodou,We are so glad to see that you are satisfied with our Worldtradex platform! Hi Jane,We are so glad to see that you are satisfied with our Worldtradex platform! Hello Pancrazio,We are so grateful that you took the time to write this excellent review! Hi Helen E.,Thanks for taking the time to share with us your feedback!
Regulation and Security
Get a better understanding of how the markets work with our easy to ready “how-to” guides. Explore our FAQs or navigate through categories to find comprehensive answers to your questions. I recommend beginners start with the Worldtradex video lessons before funding a Worldtradex account. I scammed by Worldtradex also urge beginners to seek in-depth education from third parties to deepen their foundation and avoid paid-for courses. A transparent MT4 broker with a balanced asset selection and quality education.
It does not impose a handling fee for deposits and withdrawals, though third-party payments may apply. Worldtradex, the broker of choice for traders seeking safety, variety, and expert guidance. Explore a world of forex, CFDs, and cryptocurrencies with confidence. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report.
Worldtradex has regulatory oversight from the FSA in Seychelles, segregates client deposits from corporate accounts, offers negative balance protection, and has a clean track record. Worldtradex presents its proprietary web-based trading platform, accessible from the client portal, a mobile app, and the MT4 trading platform, which remains the undisputed industry leader, plus MT5. Mt4 fully supports algorithmic trading from its desktop client and has an embedded copy trading service. Traders can browse the 25,000+ custom indicators, plugins, and EAs available for MT4, but the quality upgrades are not free.
On the other hand, Worldtradex offers no lower-risk securities, such as ETFs, bonds, or Asian stocks. Day traders can benefit from Worldtradex’s robust market research, including featured trading ideas by Trading Central and a diverse assortment of tradable instruments. However, Worldtradex’s spreads generally exceed the industry average, and it does not offer a raw spread account. Worldtradex offers a diverse range of investment opportunities, making it a competitive player in the online trading https://worldtradex.online/ brokerage industry. Here, we’ll delve into Worldtradex’s offerings, compare them to other brokers, highlight its strengths, areas of improvement, and address the availability on various platforms. Worldtradex provides access to over 300 trading instruments, including forex, commodities, indices, shares, and cryptocurrencies, allowing for diversified trading strategies.
Reviews
Client funds are kept in segregated accounts in top-tier banks, and the broker also implements the latest encryption technology to protect clients’ personal and financial data. A pivotal feature of Worldtradex is the incorporation of a negative balance protection policy, a preventive layer safeguarding traders from potential losses exceeding their investments. This robust policy ensures the security of traders’ funds against erratic market shifts, manifesting as a significant benefit provided by the brokerage. Established in 2021 and based in Seychelles, Worldtradex is a financial derivatives broker that offers over 320 tradable instruments, including an exhaustive range of 85 currency pairs. Worldtradex offers Islamic accounts for swap-free trading under Shariah law.
Worldtradex is a multi-asset, full-regulatory-compliance trading firm licensed and regulated by Seychelles Financial Services Authority (FSA). The most important thing about regulation is that your broker shows they can take up responsibility and are careful, however, you should always make sure you are also careful and responsible as a trader. Poor, unresponsive support is typically a sign the broker is not accountable to any regulatory agency. Be wary if someone calls you repeatedly asking for deposits or personal information.
- This entails the disclosure of spreads, commissions, leverage choices, and any conflict of interest.
- All research on various indicators, oscillators, smart robots, and artificial intelligence is conducted separately from our advertising department.
- Worldtradex does not list minimum deposit or withdrawal requirements and does not levy internal fees.
Geo-Restrictions on Worldtradex Broker
Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations. This ensures that Worldtradex’s investments are available on both desktop and mobile platforms, making it convenient for traders to access the markets wherever they are. All Worldtradex account types are commission-free, with trading costs based solely on floating spreads, which start from 1.1 pips. The Worldtradex registration process ensures secure onboarding with full customization over account type, leverage, and base currency, ideal for both beginners and experienced forex traders. Worldtradex offers four account types, including Standard, Premium, Privilege, and Cent, with commission-free trading and spreads starting as low as 1.1 pips. Every broker review undergoes a rigorous self-testing process, where our analysts actively trade on the platforms under review.
This layered approach provides learners with a comprehensive and well-rounded understanding of essential trading principles. Worldtradex imposes a 3% handling fee for withdrawals made without any prior trading activity. Worldtradex’s MT4 platform is available on Windows and Mac and supports 52 languages, including English, French, Spanish, German, Arabic, Chinese, and more. After 12 calendar months of account inactivity, the broker charges a yearly inactivity fee of $50. I also appreciated the broker’s phishing notice, which clearly outlines what clients can expect in terms of official communication.
The minimum initial deposit depends on the deposit method and account type. There’s a minimum 10 USD deposit requirement when depositing via E-wallets. For credit card, it’s 50 USD and for bank wire transfer, the minimum deposit is 100 USD. There are Standard, Premium and Privilege live Fixed and Floating spread account types. Floating spreads mean that spreads are determined by the market and change is based on market activity.
- Equity traders get a selection of blue-chip stocks listed in the US, the UK, and the Eurozone, where Czech companies pleasantly surprised me.
- We urge clients to peruse our legal documents meticulously to comprehend our assorted agreements, policies, and risk disclosures.
- However, keep in mind that leverage should be used wisely as it’s a double-edged sword.
- The minimum deposit is $10, and no internal deposit or withdrawal fees are charged, though third-party fees may apply.
Internal processing times are within 24 hours, but the final transaction time depends on the payment processor and the geographical location of traders. Most non-banking payment processors have geographic restrictions, and the Worldtradex client portal will only list the ones available to traders. Worldtradex accepts traders resident in many countries, however it is not targeted at residents of the EU where it is not licensed. Worldtradex does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria, and North Korea. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Worldtradex offers a blend of market research developed in-house and incorporated from third-party providers.
