worldtradex have won numerious industry awards over the 17 years they have been operating as a financial broker. We have listed the most notable awards and mentions for worldtradex below. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
What I really like is that I can set the amount I’d like on DEMO! This means when I swtich to real account, I can have the SAME experience and will not be prone to execssive emotionsđź‘Ť Demo is like a guinea pig where you can actually test out the strategy.🎯PS. I was a bit cautious when I saw that XL account is the only option; but the conditions are quite enticing, so I ended up opening one (Thankfully, they made is swap free on my request).
worldtradex Reliability & Security
Trading financial instruments such as foreign currency markets and other financial instruments involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
worldtradex Scam or Safe?
The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. We aim to provide you with all the information in this worldtradex review you need to determine if worldtradex is the right fit for you. But we don’t stop there – we also offer valuable insights into other great alternatives to worldtradex, so you can make a more informed decision and compare other brokers against worldtradex. We understand that informed decisions with worldtradex are the key to successful trading, so we’ve provided this detailed worldtradex review.
It’s important to note that worldtradex requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps worldtradex maintain a trustworthy financial environment for its 10,000 users. Detailed information on the worldtradex trading platforms is available on their website. MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. Please be aware that trading in financial assets with worldtradex carries a risk of loss. worldtradex trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools.
To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by worldtradex terms and conditions. It’s important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them. Regulated by CySEC, worldtradex provides clients with access to a Forex model STP/ECN. All clients receive the same trading conditions, and all trades are executed immediately, with no delays or re-quotes. The broker is not a market maker, which differentiates it from Dealing Desk brokers. Client trades are executed with counter-parties, meaning worldtradex is firmly on the client’s side.
- The broker prides itself on providing dedicated support through a professional team and an excellent No Dealing Desk (NDD) trading environment powered by quality technology.
- Among Forex tools traders can use Forex calculators, live quotes, market hours, current trading positions, interest rates, and other.
- Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East.
- You can sign up for a demo account to acquaint yourself with worldtradex platform.
When you submit a withdrawal request, worldtradex will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like worldtradex, you can enjoy peace of mind and focus on your trading activities.If worldtradex violate any regulatory rules their regulated status could be stripped. worldtradex’s account structure comprises three ECN accounts, each catering to varying levels of trading volume, experience, and specific requirements.
Is worldtradex trading Legit?
On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features. To better understand the worldtradex trading platform, you can create two separate accounts – one with real money and the other a worldtradex demo account. A worldtradex demo account provides a risk-free environment for experimenting with the worldtradex platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in worldtradex trading decisions. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits. worldtradex has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with.
This app provides access to a range of advanced trading features, allowing worldtradex traders to stay on top of their trades and react quickly to changes in the market. With the worldtradex MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market. In addition to the Forex ECN XL trading account, worldtradex also offers a VPS and depending on regulation – first deposit bonus. Clients can trade using a Virtual Private Server, which can give them three main advantages, including accessibility, security, and speed. This Worldtradex broker has a lot to offer, including optimal trading conditions, educational tools, and the use of the MetaTrader 4 platform.
worldtradex Review
Certain accounts offer additional perks such as no swaps, commissions, or mark-ups, or can even be custom-tailored for active traders or those handling larger volumes. Trading with an worldtradex ECN account grants access to multiple currencies including EUR, USD, GBP, with the advantage of narrow spreads starting from 0.01 pips. Traders can engage with 30 currency pairs alongside a suite of complimentary tools such as VPS, SMS Notifications, EAs, Technical Analysis, and Trading Tools. The instrument offerings are strictly limited to forex and CFDs, the educational resources are somewhat lacking, and customer support is available only 24/5.
worldtradex Compared To Other Brokers
Therefore, before trading, verify the worldtradex trading instruments available and the regulations governing them based on your account holder, location, and chosen platform. worldtradex Forex broker provides a range of educational resources to help traders improve their knowledge and skills. More you will get daily forex technical analysis by forex experts, and forex news. All in all, we do not think worldtradex is worth the high deposits and charges it entails. The services and features offered by the broker are bare minimum with low leverage.
Autochartist on the worldtradex platform is a powerful tool designed to help traders find trading opportunities quickly and easily. Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store. worldtradex customers have instant access to the financial market and can completely manage a Portfolio on the go.
This limits the trading and profit-making opportunities for traders and investors. In the XL account, the minimum deposit is 500 dollars with very fewer features available. In all the three accounts, there are only three base currencies available; EUR, USD, and GBP. When the broker has been in business for more than 10 years, one expects utmost loyalty, trustworthiness, and excellent services. Well worldtradex has been in the market for about 13 years, but no real growth or dedication in its services and functions can be witnessed. No one would like to trade with a broker whose services do not move along with the technological advancements.
- The minimum deposit at worldtradex usually starts at $100 or the equivalent in other currencies.
- It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Share Dealing due to market volatility.
- When you fund money to worldtradex, money is in a segregated bank account that is separate from worldtradex company’s funds.
How worldtradex Fees Compare Against Other Brokers
worldtradex is far from being a scam; it is a well-regulated broker with a European license, ensuring trading safety and client protection, including negative balance protection in case of insolvency. This broker boasts a solid reputation and offers favorable services, earning a trust score of 8.5 out of 5 from our experts. Negative balance protection is important for traders using leverage on platforms like worldtradex. In an unfavourable market move, leverage can result in a loss that exceeds the trader’s account balance, leaving them with a negative account balance. If a worldtradex trading position does not go in your favour, this is where negative balance protection comes in handy.
The worldtradex phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by worldtradex and found that they could assist us in various languages. The worldtradex team did resolve and answer our queries, but the email support from worldtradex was overall average compared to other brokers we have tested. In addition, we tested worldtradex support services in various countries and languages and found that worldtradex were able to effectively resolve our customer issues. Our team tested the live chat support of worldtradex and found it to be satisfactory.
Automated trading systems boasting minimal human intervention often turn out to be scams designed to siphon funds from unsuspecting traders. One of the primary concerns with worldtradex Markets Ltd is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. While regulation alone does not determine a scam, it is an essential factor to consider. Dealing with an unregulated company like worldtradex Markets Ltd increases the risk factor of your money.