worldtradex offers low spreads starting from 1.2 pips. The broker’s low spreads make it one of the most competitive brokers in the market. 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.
- This is one of the benefits provided by the broker and ensures that traders do not lose more money than they have invested.
- No license, a short operating history, plus many fake positive reviews.
- The platform could work against you, and believe me, it will.
- If you check the official SFSA registry, such a company exists there.
- Overall, everything runs smoothly, and I especially liked the straightforward verification process.
Plateformes de trading & outils
Who in their right mind would trade with such an openly fraudulent company? No license, a short operating history, plus many fake positive reviews. 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.
What stands out the most is the lack of specific information about the broker itself. For instance, the worldtradex website supports 12 languages in addition to English, covering both European and Asian markets. The company has also provided the necessary documents and a risk warning. Compared to other brokers, worldtradex offers relatively higher leverage than other brokers. It’s important to note that leverage in trading acts as a double-edged sword, enabling traders to potentially magnify their profits if the market moves in their favor. However, leverage also magnifies losses if the market moves against them.
worldtradex Broker Overview
Experienced gets excellent trading conditions and tools. They can start trading successfully on it even with $200 on account. 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.
We won’t go into detail about each bonus, but we strongly recommend carefully reviewing the conditions for claiming them. It is good that the broker provides separate documents with up-to-date terms for each of its promotions. However, such an excessive number of bonuses suggests that worldtradex is more interested in reducing traders’ chances of successful trading and withdrawing profits.
Why use the Good Money Guide?
They may not be suitable for everyone and you should ensure that you understand the risks involved. 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. Get a better understanding of how the markets work with our easy to ready «how-to» guides. You shouldn’t trust such firms because they operate without serious regulation. The platform could work against you, and believe me, it will.
- The interface of the personal cabinet is similar to the official website.
- However, the broker offers a swap-free account option for Islamic traders who want to trade but cannot earn or pay interest due to their religious beliefs.
- We managed to find an email address in the user agreement, but the phone number is probably missing altogether.
- worldtradex is also active on social media, but among all, Instagram is the only popular platform with more than 5,000 followers.
- Their customer team is knowledgeable and friendly and always willing to help traders with any issues they may have.
- Deposits are free and instant, but clients might need to pay third-party charges depending on their payment method.
This is confirmed by the narrow spreads and lack of commissions. A real intermediary earns through commissions, but here it’s different. So, there’s no point in working with such a company; it will work against you. The Privilege account offers all the features of Standard and Premium accounts. The main difference is in the spreads, with an average spread of 1.1 pips. The worldtradex platform also offers a detailed charting package, helping traders to make better trading decisions.
worldtradex falls into the category of UNREGULATED platform. When choosing a platform, caution is warranted if the company lacks regulation by any overseeing agency. This should serve as a warning that your funds may not be secure, and there’s no protective regulatory framework. Unregulated entities can potentially abscond with your money without being held accountable. In my personal opinion, this broker is perfect for both a novice traders and an experienced ones.
Verification
Traders can contact the customer support team via email at , and they will reply within 24 hours. The interface of the personal cabinet is similar to the official website. Here, worldtradex can https://worldtradex.blog/ be given a good rating for their efforts.
worldtradex, regulated under the Seychelles Financial Services Authority, offers a wide range of trading instruments, including forex, futures, commodities, shares, and indices. worldtradex offers 300+ financial instruments across 6 asset classes, including forex, metals, futures, commodities, shares, and indices through CFDs. These markets are accessible via the MT4 trading platform, one of the most popular platforms among traders.
So, if you want attention from the company’s representatives, Instagram is your only option. Yes, you can try it on a demo account, but real trading requires more clarity. In general, the conditions are a mix of mediocre and veiled. 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.
Don’t rush to celebrate and think that worldtradex is a legal and safe broker. Seychelles is an offshore zone where companies can be easily registered with minimal requirements. Offshore brokers often use such countries to avoid the strict regulations that exist in countries with more rigid financial controls. The footer mentions the legal entity — Tradeco Limited. If you check the official SFSA registry, such a company Worldtradex forex brokers reviews exists there. The exact operating period is not stated on the official website, but worldtradex boasts awards received in 2022, 2023, and 2024.
Our main mission is to tell the truth about companies which offer people to make a profit from their investments and financial deposits. There are many companies that mask their scam activities under the facade of real investment projects. Our articles and reviews can help any potential investor to avoid scam in the world of global finances. Remember that worldtradex operates as a dealing desk.
reviews about worldtradex
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