The main difference is in the spreads, with an average spread of 1.1 pips. NBP helps protect traders against large losses in case of sudden market movements. It functions as a mechanism that prevents the account balance from going into negative figures, ensuring that traders don’t end up owing money to the broker. The Worldtradex platform also offers a detailed charting package, helping traders to make better trading decisions.
All reviews
I deposited money and was contacted by several people, G seemed to be interested and seemed to be helpful but after I didn’t deposit more, he basically booted my account. I was then sent to G who encouraged me to deposit more to make up for G ‘s mistakes, who was promoted. Upon hearing I wouldn’t deposit more after a couple weeks I was booted to another person. That person then told me that unless I deposited more my account would eventually hit zero. Customer service tried to give some money in return with a claim that they would contact me three days later.
Worldtradex Instruments Summary
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. Worldtradex places a strong emphasis on providing reliable and responsive customer support to ensure that traders have access to assistance whenever they need it.
Trading Conditions
By clicking this button, you will be directed to the registration page. The MT4 platform is available as different versions, such as the desktop version and the mobile app. Traders can also use the platform’s web version to access the markets from any computer with an internet connection. Deposit and withdrawal processes are protected with the latest SSL encryption and other security technologies. As the broker is regulated, clients should complete their KYC that is in line with the Seychelles Financial Services Authority. Upholding our stature as a regulated and trustworthy broker, Worldtradex is devoted to protecting clients’ rights and fostering relationships cemented in trust.
This is a common practice to ensure compliance with anti-money laundering regulations and is in line with industry standards. 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. Yes, the broker provides a Trade Copier platform where traders can follow professionals or act as signal providers, earning up to 40% performance fees. Please note that trading leveraged products carries a significant risk of losing all your invested capital. MarketBulls does not offer financial advice, and all content is for informational purposes only.
- Worldtradex also provides a negative balance protection policy to ensure that traders’ funds do not go below zero.
- Here, we’ll delve into Worldtradex’s offerings, compare them to other brokers, highlight its strengths, areas of improvement, and address the availability on various platforms.
- Beginners can learn about the core aspects of trading like technical analysis, fundamental analysis, trading psychology, and risk management.
- Traders Union indicates that broker Worldtradex falls under Tier-3 regulation, which is considered the lowest level of regulatory oversight.
- Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
Yes, Worldtradex offers a referral program that allows existing clients to earn rewards for referring new traders https://worldtradex.space/ to the platform. The broker provides trading services exclusively through MetaTrader 4. 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.
Our testing methodology is designed to provide traders with insights that are grounded in real-world experience, thorough analysis, and a deep understanding of the financial markets. 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. One of the major advantages of Worldtradex is that it does not charge any fees for deposits. This means you can fund your trading account without incurring any additional costs, regardless of the deposit method you choose.
The Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) are just two examples. In the United States, there is the Commodity Futures Trading Commission (CFTC). You can check our Financial Services Register to make sure a firm is authorised and has permission for the service it’s offering you. Your review has been sent for the moderation and will be posted on the broker page after approval. In addition, Worldtradex charges swap fees if the positions remain open overnight. Withdrawal times vary depending on the Payment provider but range from the same day to 10 business days.
Worldtradex Mobile Trading App:
- I also urge beginners to seek in-depth education from third parties to deepen their foundation and avoid paid-for courses.
- According to an analysis by the International Financial Regulators Forum, over 60% of Forex fraud cases involve unregulated brokers promising unrealistic returns.
- In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs).
This hands-on approach allows us to assess the broker’s performance across key areas such as execution quality, platform usability, fee structures, and customer support. By engaging with the platforms ourselves, we provide insights that are both practical and trustworthy. Yes, Worldtradex offers negative balance protection, ensuring that clients do not lose more than their account balance in volatile market conditions. Yes, Worldtradex offers full support for the MetaTrader 4 (MT4) platform, allowing traders to benefit from its advanced charting tools and automated trading capabilities. Worldtradex is considered safe due to its regulatory oversight by the FSA.
With Worldtradex, we have sculpted trading into an art form, offering a symphony of financial instruments available for trade through CFDs within a regulated framework. Yes, Worldtradex has a low minimum deposit requirement, allows micro-lot trading and fractional share dealing, has a Cent account, and has quality educational content, making it a good choice for beginners. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. The broker supports MetaTrader 4 and has developed the TradeCopier service for copy trading.
To sum up, Worldtradex offers a wide range of instruments, it is regulated, offers great customer support and access to the most popular forex trading platform. With this broker, you can open various types of accounts and get the benefit of flexible leverage. However, keep in mind that leverage should be used wisely as it’s a double-edged sword. The best way to know whether the broker is for you or not is to open a demo or cent account.
Higher-tier regulators ensure strict adherence to financial standards, offering better protection against fraud and mismanagement. Please note that the amount you deposit can only be withdrawn using the same method. For instance, if you deposited 500 USD using your credit card and increased the amount to 1,000 USD through trading, you can withdraw 500 USD back to your credit card account.
The main benefit of trading CFDs is that you can speculate on asset prices without owning them. When trading CFDs, you can use higher leverage and go long or short to benefit from price moving in any direction. These products are traded on margin and carry a high level of risk and it is possible to lose all your capital.
Worldtradex does not levy any account maintenance fees, which is a significant advantage for traders. This means there are no recurring costs for simply having an account with Worldtradex, regardless of your trading activity level. Whether you are actively trading or holding an account for occasional use, you won’t be charged periodic fees just for maintaining an open account. This fee-free maintenance structure is particularly appealing for long-term investors and those who prefer to trade intermittently. Hi Alex Krouglov,Thank you for sharing your positive experience with Emma. We’re proud to have such a dedicated and helpful team member, and we’re glad to hear that they were able to assist you on your trading journey.
Staying Safe in the Forex Market
Worldtradex offers the well-known MT4 and WebTrader platforms to conduct trades. Worldtradex offers clients the powerful MetaTrader 4 (MT4) trading platform, one of the most popular platforms among traders. The user-friendly interface of MT4 makes it easy for traders to execute trades quickly and monitor the markets with ease. Worldtradex offers both fixed and floating spreads, and these may vary depending on the type of trading account and the market conditions.
The broker’s rapid growth and positive reputation are testaments to its commitment to offering a reliable and transparent trading environment. Worldtradex’s focus on customer satisfaction and regulatory adherence has positioned it as a trustworthy choice for traders worldwide. Worldtradex is a well-established online trading platform that offers a compelling range of features and benefits to traders. With its commitment to delivering state-of-the-art Worldtradex scammers trading software and a seamless CFD-based trading experience, Worldtradex caters to the needs of both beginners and seasoned professionals.
It also provides quality research and educational content, catering to the needs of beginners and seasoned traders. Rebate programs, where traders can earn rebates based on trading volume, can be attractive for high-volume traders. It’s worth noting that it is not explicitly mentioned whether Worldtradex offers a rebate program, so it’s advisable for interested traders to contact customer support for specific details on any such programs. Yes, Worldtradex is suitable for beginner traders, offering user-friendly platforms, educational resources, and a demo account to help new traders learn and practice.
Leave a Reply