worldtradex Reviews Read Customer Service Reviews of worldtradex com

Past performance is not indicative of future results, and no trading strategy can guarantee returns. 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. The leveraged nature of these products can work both to your advantage and disadvantage. As a result, you may lose more than your initial investment.

Inactivity Fee

• Traders in India can access the broker’s range of trading instruments and platforms.
• The absence of an instrument search bar illustrates this.
• In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place. Hi Fouad El Alaoui,We really appreciate you sharing your worldtradex experience with us!

My Key Takeaways After Testing the MetaTrader 4 Platform

You can check our Financial Services Register to make sure a firm is authorised and has permission for the service it’s offering you. Many clients are introduced to worldtradex through free signal groups, in which case one needs to be wary of investment opportunities that claim high returns with little or no risk, as these are likely to be scams. Based on the broker information on the FxGecko app, I believe there are at least 5 significant high-risk signals for worldtradex (Tradeco Limited) as follows.

The WebTrader provides all the essential features of the desktop version, including advanced charting tools, automated trading options, and fast order execution. It’s compatible with most web browsers and operating systems, offering a convenient and seamless trading experience for those who prefer trading from different devices or locations. worldtradex is a well-established online trading platform that offers a compelling range of features and benefits to traders. worldtradex’s comprehensive client support system is designed to provide traders with the assistance and information required for a successful trading experience. worldtradex’s commitment to providing a wealth of educational resources and market analysis research is evident. These tools empower traders with the knowledge and insights necessary to navigate the complexities of the financial markets.

Actually, this was the first place where I started trading futures contracts on indices and soft commodities. worldtradex had a familiar MT4 platform and reasonable fees for this type of asset. Though, I wanted more choices of accounts, especially expected from them some zero spreads accounts. Yes, worldtradex offers a demo account with virtual funds, allowing traders to practice trading strategies without risking real money. Yes, worldtradex offers full support for the MetaTrader 4 (MT4) platform, allowing traders to benefit from its advanced charting tools and automated trading capabilities.

Deposit & Withdrawal Fees

Compared to the broader industry, worldtradex offers an average amount of share CFDs, and a high amount of FX pairs, commodities, indices, and cryptocurrencies. My tests indicate that worldtradex’s swap charges meet the industry average. They are thus suitable for the execution of longer-term trading strategies, such as day and position trading. worldtradex is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally.

Some of the best worldtradex alternatives include FxPro, Plus500, BlackBull Markets, and Tickmill, each offering unique features and regulatory advantages that may suit different trading preferences. Yes, worldtradex supports cryptocurrency trading, offering major digital assets such as Bitcoin, Ethereum, Litecoin, and Ripple. I did not find any specific feature in worldtradex’s offering to say that the broker is better suited for high-frequency or longer-term trading.

• The broker provides over 300 trading instruments across most major asset classes, offers diverse trading accounts, and incorporates the popular MetaTrader 4 platform.
• We’re committed to providing our clients with the educational resources they need to succeed, and your feedback is important to us.
• MetaTrader 4 is easy to navigate because of its simplistic design.
• worldtradex is committed to maintaining a high level of transparency and security through robust regulatory oversight.

Response Time

worldtradex is considered safe due to its regulatory oversight by the FSA. The broker implements advanced security measures, including encryption technology and segregated client funds, to protect traders’ assets and personal information. 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.

Thanks for being Worldtradex scam such a valued customer.worldtradex ⚡️Empowering traders. We are always trying to improve our website and experiences for our customers.worldtradex ⚡️Empowering traders. Hello Archil G.,We are so grateful that you took the time to write this excellent review!

The broker offers multiple contact methods and strives to address queries and issues efficiently. worldtradex offers competitive spreads that can start at 1.5 pips, particularly on its ECN account types. The broker operates on a variable spread model, meaning spreads may widen during times of high market volatility. For standard accounts, spreads are slightly wider but still competitive compared to industry standards, with no commissions on trades.

Additionally, the worldtradex group includes Damadah Holding Limited, which is based in Cyprus. worldtradex does not target residents of the EU where it is not authorized. worldtradex does not offer its services to residents of certain jurisdictions such as the USA, Iran, Cuba, Sudan, Syria, and North Korea. One of the best things about MT4 is its simplified order execution. However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms. The absence of an instrument search bar illustrates this.

worldtradex offers a range of deposit and withdrawal options, designed to be convenient and accessible for traders from various regions. The broker emphasizes efficiency and transparency, ensuring that clients can fund their accounts and access their funds with minimal hassle. Each of these platforms caters to different trading styles and preferences. Traders can choose the platform that aligns best with their specific trading needs and devices. worldtradex, established in 2018, is a well-regarded online trading platform, regulated and authorized by the Seychelles Financial Services Authority.

worldtradex is committed to maintaining a high level of transparency and security through robust regulatory oversight. The reasonableness of commission fees largely depends on the trading style and preferences of individual traders. For traders who prioritize tight spreads and prefer not to pay commissions, worldtradex’s model aligns with their needs. However, it’s essential to recognize that while worldtradex’s range of investments is extensive, it may not have as many exotic or niche assets compared to some other specialized brokers.

My tests indicate that worldtradex’s trading fees exceed the industry average. Such a full-sized EURUSD position usually costs around $10. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000. We’re glad to hear that you had a positive experience with our withdrawal process.

If there’s anything specific you’d like to see in our educational materials, please don’t hesitate to reach out. 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. From beginners to professional traders, worldtradex offers flexible options with varying spreads, leverage, and features, allowing for a personalized trading experience. worldtradex recognizes the importance of equipping traders with the knowledge and tools necessary to succeed in the financial markets. The broker offers a range of research and educational resources aimed at both novice and experienced traders, although there is room for enhancement, especially for beginners seeking more comprehensive materials.

While worldtradex is lenient with most fees, it does charge an inactivity fee for dormant accounts. If your trading account remains inactive for a specified period, typically 90 days, an inactivity fee is applied. This fee is usually a fixed amount, around $10 to $15 per month, and is deducted until the account is reactivated through trading or becomes depleted. This policy encourages traders to maintain regular activity in their accounts but could be a drawback for those who trade less frequently or take extended breaks from trading. worldtradex does not levy any account maintenance fees, which is a significant advantage for traders.

While worldtradex offers a solid foundation of educational and research resources, the range and depth may not fully meet the needs of complete beginners or those looking for highly specialized content. Expanding their offerings with more in-depth courses, interactive webinars, and personalized learning paths could enhance the overall educational experience. worldtradex offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders. Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations. worldtradex’s mobile app affords traders quick and easy access to the market on the go.