Dealing with an unregulated company like Worldtradex increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries.. Therefore, we do not recommend you to invest money with Worldtradex.
For instance, one user noted that withdrawals were processed efficiently, and the platform was user-friendly. Once registered, users gain access to the Client Portal, which can be described as a standard and unremarkable interface. While it may lack innovation or standout features, it does provide all the necessary functions for managing one’s trading account. Users can view their balances, make deposits and withdrawals, access trading tools and resources, and monitor their trading activity.
Non existent customer care
Worldtradex is an online trading platform that offers access to various financial instruments, including forex, commodities, indices, shares, and futures. Operated by Tradeco Limited, Worldtradex has garnered attention in the trading community. This article delves into the legitimacy of Worldtradex, examining its regulatory status, user experiences, and operational practices. In addition to the bonus program, Worldtradex provides a range of educational materials to support traders in their learning journey. These educational resources can include tutorials, webinars, trading guides, and market analysis.
- Worldtradex’s operational practices have raised concerns among some users and industry observers.
- Additionally, they offer a free demo account to practice on their platforms.
- A license from the SFSA in Seychelles is not quite the same as a license from respected bodies like the FCA (UK).
- Like most brokers, Worldtradex charges swap fees for long and short positions that remain open overnight.
- You can also expose broker scams you have encountered to warn others not to fall into their trap.
- It is a friendly platform, thanks to the Cent account type and its excellent educational resources.
The customer support team at Worldtradex is available 24/5, offering multilingual support. They provide traders with assistance when it comes to trading accounts, deposits, withdrawals, and more. Their customer team is knowledgeable and friendly and always willing to help traders with any issues they may have. Traders can contact the customer support team via email at , and they will reply within 24 hours. Worldtradex offers clients the powerful MetaTrader 4 (MT4) trading platform, one of the most popular platforms among traders.
Worldtradex offers an extensive bonus program for its clients. Traders have the opportunity to benefit from various types of bonuses, including a 20% deposit bonus, a 40% take off bonus, and a 100% supercharger bonus. The verification process typically involves submitting certain documents to confirm the trader’s identity and address. The registration process on the broker’s website is relatively straightforward. You need to provide your personal info and contacts.
What markets are the most profitable for trading with this broker from the point of expenses, i.e. Fees?
The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises. According to all reviews https://worldtradex.site/ and warnings we can say there could be potential issues with this broker. Even though they are regulated, but with low Tier regulation. For some experienced traders that are looking for copy trading, social trading and EAs this is not a good choice.
Company Representative
The only point of that is losing money as quickly as possible. Then the broker has reason to call you and pitch you for more money. The minimum requirement for any of these accounts is 200$.
The academy has great materials-currently learning the psychology of trading. To open any of these accounts, you must have at least $200. Their small advantages, such as tighter spreads, are the primary distinctions between them. The CENT account, which is specified in cryptos rather than in fiat money, is another source of distinction. This is an offshore trading company offering FX and CFD trading with an FSA license. Let’s just start with insanely high leverage.
How to open a trading account at Worldtradex
- The MT4 platform is available as different versions, such as the desktop version and the mobile app.
- Hello Fouad G.,Thank you for your positive feedback!
- Overall, a decent experience that met my expectations.
- It was my first time experiencing such fast customer service.
- Hello Bibnas Imkhan,Thanks for your feedback.
Based on some Worldtradex reviews conclusion is that this could make potential issues. If we start from a license, FSA is not like Tier 1 regulators FCA, BaFin or ASIC. Those are the most reputable ones with very strict rules. We wanted to check if Worldtradex has any of those, and as you could guess yourself, they don’t.
Considering that Worldtradex has only been in the market since 2022, this is an incredibly rapid accomplishment. Starting with licenses, FCA, BaFin, and ASIC are Tier 1 regulators; FSA is not. They have the strictest regulations and are the most respected. As you might have guessed, Worldtradex doesn’t have any of those, so we wanted to make sure. To sum up, I think Worldtradex (Tradeco Limited) is not a safe enough forex broker. Click here to recognize common investment trading scams to avoid being scammed.
A license from the SFSA in Seychelles is not quite the same as a license from respected bodies like the FCA (UK). An SFSA license doesn’t provide the same level of protection for traders’ rights. This organization lacks the authority to control a company’s actions as strictly as larger regulators. If issues arise with withdrawals or dishonest practices, you will have very few means to protect yourself. We cannot claim Worldtradex official site that this is a scam, but we also cannot speak positively about the platform.
Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Worldtradex’s credibility is fine and that’s why I’m here.
Worldtradex Broker Analysis
Worldtradex offers a wide range of payment methods for deposits and withdrawals, including credit/debit cards, bank wire transfers, and e-wallets. Worldtradex offers both fixed and floating spreads, and these may vary depending on the type of trading account and the market conditions. Traders who need more stability during trading can choose the fixed spread account because fixed spreads help to reduce their trading costs. Who in their right mind would trade with such an openly fraudulent company? No license, a short operating history, plus many fake positive reviews.
Overall, Worldtradex is a well-regulated broker providing a secure trading environment for traders. Forex traders can trust Worldtradex’s platform for safe and secure trading. Worldtradex also provides a negative balance protection policy to ensure that traders’ funds do not go below zero.
Yes, seems a little odd from the first glance, perhaps like an outdated website (perhaps…). About that, they dont hide the guys with bad WR, its still transparent and you can follow whichever provider you like ,this is how they earned my trust. Regardless of whether you trade forex or other financial instruments, Worldtradex equips you with the tools you need to make informed decisions and succeed in your trading activities. The leverage level can be adjusted to suit the specific requirements of traders, allowing them to take control of their trading strategies. For instance, a forex trader with $250 in their account can take a position worth up to $250,000 through leveraging.
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