worldtradex is a global leader in online trading, providing both beginner and professional traders with access to various trading instruments across global financial markets. Compared to other brokers reviewed, worldtradex holds a strong position, particularly due to its commitment to regulatory compliance, transparency, and security. The platform’s multilingual support and diverse deposit and withdrawal options further contribute to its appeal. However, it’s essential to note the regulatory limitations that may restrict access for certain traders based on their location. I like the trading environment at worldtradex for its pricing transparency and balanced asset selection. worldtradex offers beginners a quality introduction to trading via its video course, and the minimum deposit of $50 ensures worldtradex is accessible to traders with smaller portfolios.
Dear users,This review was not submitted by a verified client of worldtradex and seems to be an attempt to damage our reputation. Trustpilot is a trusted platform, and we believe in the importance of honest and accurate reviews.Kind regards,worldtradex ⚡️Empowering traders. While you see all the important information in your dashboard when you open an account, some important info is missing from its website when you don’t have an account yet. Yes, worldtradex offers a referral program that allows existing clients to earn rewards for referring new traders to the platform. No, worldtradex does not offer support for the cTrader platform.
At MarketBulls, our commitment to delivering accurate, reliable, and comprehensive reviews is at the core of everything we do. Our testing methodology is designed to provide traders with insights that are grounded in real-world experience, thorough analysis, and a deep understanding of the financial markets. worldtradex places a strong emphasis on providing reliable and responsive customer support to ensure that traders have access to assistance whenever they need it. The broker offers multiple contact methods and strives to address queries and issues efficiently.
However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. worldtradex, Worldtradex courses scam the broker of choice for traders seeking safety, variety, and expert guidance.
It does not constitute legal, financial, or professional advice. Market-bulls.com does not accept responsibility for any loss or damage arising from reliance on the site’s content. Users should seek independent advice and information before making financial decisions. worldtradex is a Seychelles CFD broker that was founded in 2021. It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry.
- MT4’s app suffers from the same underlying problem inherent to other mobile apps.
- I tested worldtradex’s transparency by checking the availability of essential information on the website.
- The Privilege account, as the name suggests, features the most favorable trading conditions, but the minimum deposit requirement is quite elevated.
- worldtradex offers more than 300 instruments across several asset classes, including FX pairs, commodities, share CFDs, indices, cryptocurrencies, and futures.
- No, worldtradex does not offer support for the cTrader platform.
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. Account verification is mandatory, as worldtradex is a regulated broker with FSA oversight and must comply with strict AML/KYC requirements. Most traders will pass account verification by sending a copy of their government-issued ID and one proof of residency document. worldtradex might ask for additional information on a case-by-case basis.
worldtradex has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies. This caters to the needs of speculative traders looking to exploit sudden outbursts of volatility in the price action. However, there are no lower-risk securities like bonds and ETFs to be used https://worldtradex.blog/ for hedging one’s overall market exposure. worldtradex’s mobile app affords traders quick and easy access to the market on the go. It is very useful for making snap adjustments to any open trades.
Security of funds
Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. Hello Anne Simpson,We are so grateful that you took the time to write this excellent review!
Does worldtradex charge an inactivity fee?
On the other hand, worldtradex does not offer any alternative trading platforms and does not incorporate any third-party tools. Moreover, I evaluated its trading fees to exceed the industry average. In my estimation, worldtradex’s most useful type of educational content is its webinars. They are held frequently in several languages – English, Chinese, Arabic, and Malay. The webinars are geared towards beginners, intermediate-level, and advanced traders. At the time of my review, there were 5 upcoming webinars, all in Arabic.
worldtradex’s Withdrawal Methods
I am happy with the kit of tools provided by the broker on the platform. It allows me to integrate both sophisticated and very simple strategies, meaning that the platform is suitable for guys with lots of skills and those with a lack of them. No lags, interruptions, malfunctions, sudden shutdowns or whatever else. The cent account is similar to the other accounts, with the only difference that dollars are denominated in cents. For example, if you deposit $100, this will be converted and added to the cent account as 10,000 cents. If you are a beginner then trading on the cent account can be a great way to brush up on your trading skills and develop a strategy that produces consistent results without taking any unnecessary risks.
Additionally, worldtradex supports a wide range of payment methods and multiple account currencies, ensuring convenient deposits and withdrawals. Overall, worldtradex is a trading brokerage firm with a solid offering. They have everything that you need to get quick and easy access to the financial markets. You can trade across all of your devices on an intuitive trading platform with top trading conditions. There is a generous selection of financial instruments to choose from and account types for everyone.
EBC Financial Group
Recognizing its global clientele, worldtradex offers multilingual support in several languages, including English, Spanish, French, and Arabic. This ensures that traders from different regions can communicate effectively with the support team. The broker provides over 300 trading instruments across most major asset classes, offers diverse trading accounts, and incorporates the popular MetaTrader 4 platform.
- T4 Trade seems to be one of the best brokers I’ve used so far, been using them for 3 months now…
- The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services.
- worldtradex accepts traders resident in many countries, however it is not targeted at residents of the EU where it is not licensed.
- worldtradex offers 300+ financial instruments across 6 asset classes, including forex, metals, futures, commodities, shares, and indices through CFDs.
Even though I was initially a bit skeptical about this broker, after trading here for a while I realized that I would continue working with it. There is nothing that can make me say like “No, I leave”, rly. I chose Privileged account as it has tighter spreads and deposited $1k. Now I have already boosted my depo to $1.2k and everything is due to precise analysis of major currency pairs which I am keen on trading.
Sure I read Bloomberg but worldtradex has often more info, some off-brand stuff that might make me think. Hello Karim B.,We are so grateful that you took the time to write this excellent review! Please note that trading leveraged products carries a significant risk of losing all your invested capital. It is crucial to only trade with money you can afford to lose. MarketBulls does not offer financial advice, and all content is for informational purposes only. Trading financial instruments, including but not limited to forex, CFDs, stocks, and cryptocurrencies, carries a high level of risk and may not be suitable for all investors.
Company details
Despite its recent inception, worldtradex has quickly gained recognition for its wide range of trading instruments, competitive pricing, and user-friendly platforms. The broker’s rapid growth and positive reputation are testaments to its commitment to offering a reliable and transparent trading environment. worldtradex’s focus on customer satisfaction and regulatory adherence has positioned it as a trustworthy choice for traders worldwide. In conclusion, worldtradex ranks favorably among its peers, offering traders a reliable and safe environment to access a wide range of financial markets with confidence. Its combination of regulatory oversight, educational resources, and flexible trading conditions make it a compelling choice for those seeking to engage in online trading. worldtradex’s diverse range of account types ensures that traders of all experience levels and trading preferences can find an account that suits their needs.
worldtradex is committed to maintaining a high level of transparency and security through robust regulatory oversight. I quite enjoyed worldtradex’s educational guides covering very basic trading topics that novice traders are likely to ask. They do not delve particularly deep into the subject matter or examine more complex topics but are quite useful as a starting point. I also appreciated the vast amount of over 150 written articles that are available from worldtradex’s blog section of the website. Traders also have access to the broker’s four educational e-books. I conducted my test on 18 December at around 9.50 am CET via live chat.