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 increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries.. Therefore, we do not recommend you to invest money with worldtradex.

STAY AWAY FROM THIS BROKER…….

The mobile app for the worldtradex platform is available for both Android and iOS. It’s very good, considering that this broker is fresh in this business and without a reputation. I chose this account because what made it stand out to me was the spreads and this is something I am very particular about. I like how I can trade more than 3 assets with no hassle and I also admire the integrated tools and features. We are always trying to improve our experiences for our customers.worldtradex ⚡️Empowering traders.

Established in 2021, worldtradex is an emerging CFD broker based and regulated in Seychelles, serving traders globally. The broker offers access to a diverse portfolio of over 300 tradable instruments across major asset categories. The minimum deposit requirement for investing with worldtradex may vary according to the trading conditions and account types.

• The verification process typically involves submitting certain documents to confirm the trader’s identity and address.
• The support here with its resources and tools are very commendable.
• Operating from an offshore jurisdiction like the Seychelles can raise concerns due to the perceived lack of stringent regulatory oversight and investor protection compared to reputable European regulators.
• 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.

Withdrawals

The official website of worldtradex can be described as simple and unremarkable. The design lacks vibrancy and fails to leave a lasting impression. However, despite its uninspiring aesthetics, the website manages to provide all the essential information you would expect. It is worth noting that the website is available in multiple languages, catering to a broader audience. Withdrawal times vary depending on the Payment provider but range from the same day to 10 business days.

• I found out that the live spreads listed on the website correlate to the actual price quotes on the platform, underpinning worldtradex’s high level of fee transparency.
• worldtradex offers a fairly decent range of educational content, providing beginners with a firm basis to further their learning.
• Robert is an experienced financial analyst based in California.

Transaction times vary but are generally within the norm. Once registered, users gain access to the Client Portal, which can be described as a standard and unremarkable interface. While it may lack innovation or standout features, it does provide all the necessary functions for managing one’s trading account. Users can view their balances, make deposits and withdrawals, access trading tools and resources, and monitor their trading activity. 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.

Like most brokers, worldtradex charges swap fees for long and short positions that remain open overnight. 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. I’ve found worldtradex’s platform to be intuitive and, as a broker,, reliable.

Sincerely speaking, I don’t need a lot because I am a rookie trader and I just want to feel complete safety of everything I entrust to this broker. In this regard, there are no issues, the company is regulated and it ensures comprehensive security.Trading tools are also ok. worldtradex does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply. The broker has also issued a 3% inactivity fee that is charged whenever a client has deposited funds and then requested a withdrawal without having executed a single trade.

Where is worldtradex based?

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. worldtradex, the broker of choice Worldtradex forex broker for traders seeking safety, variety, and expert guidance. Explore a world of forex, CFDs, and cryptocurrencies with confidence.

If you’re considering investing with Mark, hear my cautionary tale. Gain trust and grow your business with customer reviews. 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. worldtradex is a Seychelles CFD broker that was founded in 2021. It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry.

Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday. There is no option to reach worldtradex’s support by phone. worldtradex has invested time and energy in developing research materials, which I found quite diverse and unconventional. Its podcast and LiveTV feature are two excellent examples of this, giving traders a unique perspective on currently evolving trading opportunities and market developments. Finally, investing and trading involves risks and you are advised to perform due diligence before investing and stay away from unregulated and high-risk trading platforms to avoid potential scams.

However, clients might need to pay third-party charges depending on their payment method. worldtradexs’ support team is responsive and helpful… I appreciate their approach and willingness to help, not only to tick off a request 😀 They guided me through a few account-related issues effectively. However, I feel like the live chat could be faster during peak hours. Overall, a decent experience that met my expectations.

I have compiled the table below to help you better understand the difference between the trading fees on worldtradex’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10.

Trust

There are indeed a lot of positive things about this brokerage firm.First of all, it’s a regulated one. I was really confused, but props to them; they are true experts.Eventually, the VPS server is a good thing to engage in algo trading. Just fulfill certain requirements, and here you are, or pay for it, whatever you wish.Recommended, commended, and approved. worldtradex offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment.

The customer support team at worldtradex is available 24/5, offering multilingual support. They provide traders with assistance when it comes to trading accounts, deposits, withdrawals, and more. Their customer team is knowledgeable and friendly and always willing to help traders with any issues they may have. Traders can contact the customer support team via email at , and they will reply within 24 hours. Dear muhammed ,Thank you for taking the time to share your thoughts! We’re thrilled to hear that you’re interested in our bonus offerings.

Scammers employ persuasive tactics to convince you to make an initial minimum deposit. They entice with promises of doubling the deposit within 24 hours and similar claims. After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds. The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises. worldtradex falls into the category of UNREGULATED platform.

Why is Choosing the Right Account Type Important?

For some experienced traders that are looking for copy trading, social trading and EAs this is not a good choice. Hello F. Moreno,We’d like to thank you for your kind words! We put a lot of work into making the platform easy to use and adding new features, so it’s nice to see that it pays off.worldtradex ⚡️Empowering traders.

Actually, this was the first place where I started trading futures contracts on indices and soft commodities. worldtradex had a familiar MT4 platform and reasonable fees for this type of asset. Though, I wanted more choices of accounts, especially expected from them some zero spreads accounts. We’re glad to hear you’ve had a good experience using our platform. 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. worldtradex has a rating of 4.5 stars from 78 reviews, indicating that most customers are generally satisfied with their purchases.