Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. 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. 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.
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These allow traders to examine various market developments from different angles and exploit the underlying trading opportunities in multiple ways. My tests showed that worldtradex’s spreads on the Standard account generally exceed the industry average, while its swaps ranged from average to high compared to the benchmark. On the other hand, worldtradex does not charge handling fees for deposits and withdrawals, and its inactivity fee is relatively low. worldtradex has an impressive assortment of 85 currency pairs, including major, minor, and exotic pairs. The broker also provides an extensive educational library, which features dozens of webinars, articles, ebooks, and more. I also appreciated its comprehensive market research offering.
How long does it take to withdraw money from a worldtradex account?
Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. While the broker offers comprehensive, responsive, and dedicated support through these channels, the lack of phone support can be a letdown for potential customers.
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After 12 calendar months of account inactivity, the broker charges a yearly inactivity fee of $50. You shouldn’t trust such firms because they operate without serious regulation. The platform could work against you, and believe me, it will. The “contact” section does not include them, except for a feedback form. We managed to find an email address in the user agreement, but the phone number is probably missing altogether.
- We will ask you when required for information that personally identifies you (personal information) or allows us to contact you.
- This is one of the benefits provided by the broker and ensures that traders do not lose more money than they have invested.
- Additionally, it lacks a raw spread account and does not offer phone customer support.
- worldtradex offers CFD and Futures trading through 4 account types, including a Cent with a minimum deposit of $10 and floating spreads from 1.1 pips.
- The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review.
On YouTube, the company’s performance is poor, with less than 10 views per video. So, if you want attention from the company’s representatives, Instagram is your only option. Clients can connect to other traders to copy their trades or become providers for other users. However, to check this feature, verification must be completed. What stands out the most is the lack of specific information about the broker itself.
These products are traded on margin and carry a high level of risk and it is possible to lose all your capital. They may not be suitable for everyone and you should ensure that you understand the risks involved. I find worldtradex’s research content comprehensive and diverse. The broker offers traders actionable trading ideas and in-depth market overviews.
Ultimately, he could not answer and told me to refer to my account manager. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. worldtradex offers multilingual support via live chat and email. However, the website has a dedicated FAQ section for general queries.
worldtradex offers three retail trading accounts with a minimum deposit of $50. Swap-free trading is available via worldtradex’s Islamic accounts. worldtradex provides over 320 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, and futures contracts. The selection is wide and diverse, though there are no low-risk securities such as ETFs.
Dear Justin De neef,Thank you for sharing your feedback with us. We are truly sorry to hear about the challenges you’ve faced and understand how inconvenient this must have been. Should you have any additional questions or require further support, please don’t hesitate to contact us.Best Regards, worldtradex ⚡️Empowering traders.
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Bonus and Promotion Offerings
worldtradex is an online brokerage platform that offers trading services across a range of asset classes, including forex, commodities, indices, and cryptocurrencies. The platform promises to provide traders with access to advanced tools, real-time market data, and a user-friendly interface to facilitate their trading experience. worldtradex also emphasizes its commitment to offering competitive spreads, leverage options, and a variety of account types to suit the needs of different traders. worldtradex, regulated under the Seychelles Financial Services Authority, offers a wide range of trading instruments, including forex, futures, commodities, shares, and indices. worldtradex offers 300+ financial instruments across 6 asset classes, including forex, metals, futures, commodities, shares, and indices through CFDs.
The trades are filled in right when I…
Lack of clear security measures or a history of data breaches could indicate a potential risk for traders. Common complaints from users often focus on issues like delayed withdrawals, unresponsive customer support, and challenges with account verification scammed by Worldtradex processes. These are all potential warning signs of a less-than-legitimate platform.
- However, such an excessive number of bonuses suggests that worldtradex is more interested in reducing traders’ chances of successful trading and withdrawing profits.
- It is good that the broker provides separate documents with up-to-date terms for each of its promotions.
- These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency.
The difference between the bid and ask prices is called “the spread.” The spread is the cost of trading a CFD. Traders look for small spreads, since a smaller spread usually means the specific asset is more liquid. On the other hand, assets with a “wide” bid-ask spread can be more costly and time-consuming. Then having a cent account which gives real life experience but minimum risk was the confirmation I needed that this was my broker.
In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. I tested the desktop version of the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.
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With worldtradex, client funds are kept secure in top-tier institutions, and their personal information is guarded under SSL encryption. Depositing clients are subject to a strict verification process to ensure they are who they claim to be. In addition, worldtradex charges swap fees if the positions remain open overnight. Withdrawal times vary depending on the Payment provider but range from the same day to 10 business days. Links to third party websitesThis website may have links to external third-party websites that may benefit you. Please note, however, that third party websites are not covered by our Privacy Policy and these sites are not subject to our privacy standards and procedures.