Its podcast and LiveTV feature are two excellent examples of this, giving traders a unique perspective on currently evolving trading opportunities and market developments. My analysis indicates that worldtradex’s fees are above the industry average, and the broker offers limited client protection. Hi Mohamed N.,Thanks for taking the time to share with us your feedback!
Trading carries a high level of risk and may not be suitable for all investors. You should consider whether you understand the risks involved. worldtradex has a single subsidiary – Tradeco Limited – which is authorized in Seychelles by the local regulatory body. According to our system, the FSA Seychelles is a Tier-3 offshore regulator, which mandates compliance with some of the essential safety mechanisms. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. To sum up, I think worldtradex (Tradeco Limited) is not a safe enough forex broker.
worldtradex boasts a diverse array of strengths, including a robust Worldtradex company reviews offering of over 300 instruments across six asset classes, granting traders unparalleled flexibility. Our educational materials are an important aspect of our commitment to providing our clients with the resources they need to succeed. We’re dedicated to helping our clients achieve their trading goals, and we’re thrilled to hear that you have found our materials helpful. worldtradex works with multiple payment services to provide its clients with maximum flexibility. Deposits can be made via bank wire, credit or debit card, e-wallets, or crypto wallets.
worldtradex is a globally recognized online trading broker that offers a wide range of financial instruments and a user-friendly trading environment suitable for both novice and professional traders. This worldtradex review shows the broker’s strong emphasis on providing top-tier trading conditions, combining advanced technology with comprehensive market access to empower traders across the globe. Known for its competitive spreads, flexible account types, and a robust regulatory framework, worldtradex is a reliable choice for those looking to navigate the financial markets.
I transfererd $1k into my trading account for a start via bank wire and it hit in 2 days.
The broker maintains segregated accounts for client funds, ensuring they are kept separate from the company’s operating funds, thereby providing an added layer of protection. This diverse range of trading instruments makes worldtradex a versatile platform suitable for various trading strategies, from day trading and scalping to long-term investing. While some investors might find certain regulatory restrictions, such as lower leverage limits, as a disadvantage, these restrictions are often implemented to protect traders from excessive risk.
MetaTrader 4:
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My Key Takeaways After Exploring worldtradex’s Tradable Instruments
- 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.
- While some investors might find certain regulatory restrictions, such as lower leverage limits, as a disadvantage, these restrictions are often implemented to protect traders from excessive risk.
- It’s essential to note that the same payment method used for deposits must also be used for withdrawals.
- worldtradex has invested time and energy in developing research materials, which I found quite diverse and unconventional.
That is why I recommend using the mobile app only to monitor your positions’ development and make changes if needed. In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows 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.
The absence of broker-imposed withdrawal fees adds to the overall cost-efficiency of trading with worldtradex. 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. Hi Leon Mauer,Thank you for taking the time to share your thoughts with us. We’re always looking for ways to improve our educational offerings, and your feedback is invaluable.
ECN Account
His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. I consider the chart screen a platform’s most important feature.
- For traders who prefer tighter spreads, worldtradex offers raw spread accounts with spreads.
- Quickly compare vetted accounts to see which providers are most appropriate for you.
- Thanks for being such a valued customer.worldtradex ⚡️Empowering traders.
The broker provides trading services exclusively through MetaTrader 4. worldtradex offers several account types, including Standard, Premium, ECN, and Islamic (swap-free) accounts. Each account is designed to meet different trading needs and preferences. Traders in India can access the broker’s range of trading instruments and platforms.
The MT4 mobile app provided by worldtradex allows traders to manage their trades on the go with ease. Available for both iOS and Android devices, the app offers full account functionality, real-time quotes, interactive charts, and a wide range of technical indicators. worldtradex generally does not charge withdrawal fees, allowing traders to access their funds without penalty. Withdrawal requests are typically processed within 24 to 48 hours, with the actual time to receive funds varying based on the payment method.
Yes, worldtradex is available in Europe, but availability may vary depending on the specific country. Clients are encouraged to check with the broker directly for regional restrictions. We do not provide investment advice or solicitation of any kind to buy or sell any investment products.
Our goal is to make every aspect of your trading experience as seamless as possible, and we’re glad to have exceeded your expectations. I have been in financial markets for a while and I would not call myself a noob. However, it was the first time when i was using crypto currencies for making a deposit. Gotta say, it wasn’t easy since everything was unfamiliar for me, those blockchain nets, crypto addresses but after all I made a deposit without problems.
Hi Baron Logan,Thank you for taking the time to share your thoughts with us. We’re dedicated to providing our clients with a wide range of educational materials, and we’re thrilled to hear that you have found them helpful. We believe that education is a crucial aspect of successful trading, and we’re here to support you in your journey. worldtradex offers a variety of account types tailored to meet the diverse needs of its clients, ranging from beginners to experienced traders.
I did verify my account and make deposit then for some reason The app reject the verification and make refund but I did not receive all my money back. The cost of trading here isn’t high… as a beginner starting with the cent account might be a good step, so money is managed well. Poor service with high withdrawal issues , The customer service only responds to reviews .
You can also expose broker scams you have encountered to warn others not to fall into their trap. FxGecko will be updated daily with broker information and user complaints against brokers, so following it regularly can help you effectively raise awareness of your investment risks. I got to know worldtradex from its trading academy and from constant learning I decided to give it a try, which I don’t regret! The broker has been very reliable and makes it very easy to feel safe trading here.
There is also a lack of a news screener, which traders usually use to stay on top of the latest market developments. I conducted my test on 18 December at around 9.50 am CET via live chat. I requested additional information about worldtradex’s execution model, average execution speed, and general trading conditions. An agent connected almost instantaneously to the chat, but they did not introduce themselves. They responded fairly quickly to my question about the inactivity fee policy but struggled to explain their execution model.
