We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. They’ve been solid always with my gold tradign here, like the spreads aare awlays at market norm – and this is waht I need .To overboard wide spreads on this metal even when volatile. The support here with its resources and tools are very commendable.
Comparison with Other Brokers:
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. In the case of no activity, including funding or trading, within one year, the company reserves the right to charge an annual administrative fee of $50 (or currency equivalent). In case the client’s account balance is below $50 (or currency equivalent), the company will charge any remaining balance and archive the client’s account. Hi Manuel A.,We really appreciate you sharing your worldtradex experience with us!
- worldtradex offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders.
- worldtradex, the broker of choice for traders seeking safety, variety, and expert guidance.
- I gave them a second chance, not judging the book by its cover.
- Hi Fouad El Alaoui,We really appreciate you sharing your worldtradex experience with us!
They are held frequently in several languages – English, Chinese, Arabic, and Malay. The webinars are geared towards beginners, intermediate-level, and advanced traders. Unfortunately, there is no database of past webinars. At the time of my review, there were 5 upcoming webinars, all in Arabic.
- worldtradex has a rating of 4.5 stars from 78 reviews, indicating that most customers are generally satisfied with their purchases.
- MT4 provides a decent range of analytical tools and affords the execution of basic technical analysis, though its charting capabilities are rather cumbersome.
- They do not delve particularly deep into the subject matter or examine more complex topics but are quite useful as a starting point.
- Our customer support team is committed to providing our clients with the assistance they need, and we appreciate your feedback.
- Our educational materials are an important aspect of our commitment to providing our clients with the resources they need to succeed.
- Hello Fouad G.,Thank you for your positive feedback!
Customer Support Test
My tests indicate that worldtradex’s trading fees exceed the industry average. Such a full-sized EURUSD position usually costs around Worldtradex reviews $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. 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.
It aids technical analysis by providing an overview of price action behavior and allows traders access to a number of analytical tools and chart configuration possibilities. In my view, a good chart should afford easy scaling up and down of price action. worldtradex incorporates the renowned MetaTrader 4 (MT4) platform, which has desktop, web-based, and mobile app versions. MT4 provides a decent range of analytical tools and affords the execution of basic technical analysis, though its charting capabilities are rather cumbersome.
worldtradex boasts a diverse array of strengths, including a robust offering of over 300 instruments across six asset classes, granting traders unparalleled flexibility. 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. The broker does not charge deposits and withdrawal fees, except for withdrawals below $300. Transaction times vary but are generally within the norm.
Fees
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. 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.
Whether traders are seeking to improve their trading skills, stay updated on market events, or expand their trading strategies, worldtradex offers a comprehensive suite of resources to meet their needs. Hello Manolu C.,We’re glad to hear that you have found our educational materials to be informative. Our team is dedicated to providing our clients with the resources they need to succeed, and we appreciate your feedback. If there’s anything specific you’d like to see in our educational offerings, please let us know.
I gave them a second chance, not judging the book by its cover. Issues with the withdrawals and slippages, I haven’t seen such. This spoke highly about the reliability and credibility. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. We may be compensated through third party advertisers.
Is worldtradex good for beginners?
Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. 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.
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 for hedging one’s overall market exposure. MetaTrader 4 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool.
Analyzing price action behavior on low-resolution devices is extremely difficult. That is why I recommend using the mobile app only to monitor your positions’ development and make changes if needed. MetaTrader 4 is easy to navigate because of its simplistic design. It could be argued that MetaTrader set the standard for how retail platforms should be organized.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. 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 . I was mostly doing exotics but now switched to trading minors as well and my fav so far is eur/nzd , it seems that I just clicked with this pair and I know how it moves.
We pride ourselves on being able to offer a wide variety of assets to trade, and we’re happy that you’ve been able to take advantage of that. The first time I saw the site I actually fell in love with the user interface and design, it’s very easy to use and navigate. The trading academy has everything that I needed to be knowledgeable and informed on the kind of assets to trade_- I chose forex pairs and sometimes dabble in precious metals. Also the trade copier works very well and it helps you to make money while spending less time on learning strategies and all that. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
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. We’re glad to hear you’ve had a good experience using our platform.
