Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Therefore, the Cent account with a small deposit may be a better option for learning how to trade. The most ignored trading costs are swap rates on leveraged scammed by Worldtradex overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
Broker Details
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- 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.
- Even with that, it retains a huge degree of flexibility, with different trading opportunities and avenues available.
- 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).
It also includes the account selection process, which I find convenient. I recommend beginners start with the worldtradex video lessons before funding a worldtradex account. I also urge beginners to seek in-depth education from third parties to deepen their foundation and avoid paid-for courses. Let’s start with a quick look at the broker’s technical properties.
worldtradex’s deposit and withdrawal options align with the offerings of many other brokers in the industry. Credit/debit cards, e-wallets, and bank transfers are common choices among brokers. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription.
- I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.
- The FAQ section left me unsatisfied and searching for answers elsewhere.
- It allows for a smoother experience, helps iron out those first few trading days that can be tough, and supplements the funds that traders put down.
- 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.
To assist you further, we kindly ask you to provide your information by either responding to our ‘Find Reviewer’ request on Trustpilot or emailing us directly at with all the information regarding your concern. Should you have any additional questions or require further support, please don’t hesitate to contact us.Best Regards, worldtradex ⚡️Empowering traders. Dear Robert Feal-Martinez,Thank you for sharing your feedback with us. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review.
Deposit and Withdrawal
The fee structure is one of the main topics in worldtradex reviews. While the broker charges no commission, it provides a simple and straightforward list of Average spreads for various account types. In one such review today, we’ll cover what it offers to set it apart from other brokers, including its remarkable bonuses and supplementary features. We are truly sorry to hear about the challenges you’ve faced and understand how inconvenient this must have been.
We generate income through various methods, which helps us convey facts transparently and not write biased content due to “broker sponsorships,” “commissions from financial companies,” and “advertisements.” Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. worldtradex offers the TradeCopier platform for both professionals and amateur traders. If you’re confident in your trading skills, become a strategy provider and let others copy your trade and earn up to 40% performance fees.
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 trading software and a seamless CFD-based trading experience, worldtradex caters to the needs of both beginners and seasoned professionals. In conclusion, worldtradex ranks favorably among its peers, offering traders a reliable and safe environment to access a wide range of financial markets with confidence. Its combination of regulatory oversight, educational resources, and flexible trading conditions make it a compelling choice for those seeking to engage in online trading. When it comes to funding and withdrawals, worldtradex offers a relatively wide variety of options for clients to choose from.
You should consider whether you can afford to take the high risk of losing your money. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. The support here with its resources and tools are very commendable. worldtradex is a trade name of Tradeco Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD029.
worldtradex Review – Pros & Cons Revealed
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. Traders can get three non-withdrawable bonuses, the 100% Supercharger bonus, the 40% Takeoff bonus limited to $4,000, and the 20% Welcome bonus capped at $2,000. Terms and conditions apply, and I highly recommend traders read and understand them before accepting any incentive. Floating spreads, old MT4, not much of crypto… If you can get used to the service, it’s not actually bad. I gave them a second chance, not judging the book by its cover. Issues with the withdrawals and slippages, I haven’t seen such.
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Investors can have confidence that their funds are protected and that the broker is subject to oversight to prevent malpractice. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. Note that withdrawals can be made only using the same method used to fund the account. The procedure of account opening is easy and fast and takes less than 1 minute online. worldtradex is not targeted to residents of the EU where it is not licensed.
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. worldtradex presents clients with one regulated entity and maintains a secure trading environment. worldtradex is a multi-market regulated and awarded online CFD & forex brokerage, attracting much attention in recent times. As such, worldtradex reviews are an invaluable way for potential investors to gain insight into the broker’s features and benefits. Each of these platforms caters to different trading styles and preferences.
Beginner traders get three eBooks, numerous webinars, and a video library with short but well-constructed content. It includes three videos on trading psychology, which are excellent, as it remains the primary topic beginners must master. A transparent MT4 broker with a balanced asset selection and quality education. Truly modern services are about the user, and as far as brokers go, there are few as people focused as worldtradex. Additionally, the broker supports Trading Central, an immensely powerful tool for finding and choosing market opportunities.
worldtradex has regulatory oversight from the FSA in Seychelles, segregates client deposits from corporate accounts, offers negative balance protection, and has a clean track record. worldtradex does not list minimum deposit or withdrawal requirements and does not levy internal fees. Traders may face third-party processing costs or currency conversion fees. Supported transaction currencies are USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. worldtradex provides trading services on over 300 financial instruments across six asset classes, including Forex, and Shares. The company has an average score of 3.7 on TrustPilot, and offers 24/5 support in 30 languages.
