You should consider whether you understand the risks involved. I invested with them and was earning profits for weeks, but when i needed my money urgently, they denied my withdrawal requests repeatedly. Depositing money is easy, but withdrawing is nearly impossible.
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. worldtradex offers several account types, including Standard, Premium, ECN, and Islamic (swap-free) accounts.
Wide spreads
Compared to other brokers reviewed, worldtradex holds a strong position, particularly due to its commitment to regulatory compliance, transparency, and security. The platform’s multilingual support and diverse deposit and withdrawal options further contribute to its appeal. However, it’s essential to note the regulatory limitations that may restrict access for certain traders based on their location. Our educational materials are an important aspect of our commitment to providing our clients with the resources they need to succeed. We’re dedicated to helping our clients achieve their trading goals, and we’re thrilled to hear that you have found our materials helpful. This is sure one good broker that definitely does what it says it would do and keeps to every of its word.
You can do your things, and have it playing in the background or watch it closely, however you like. It is good to see that worldtradex treat all clients the same, regardless of your investment size or prior trading experience. Simply choose the account that is best suited to your skill, knowledge, experience and trading goals. Excellent client support is on hand 24/5 to https://worldtradex.world/ help you as and when needed. 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.
You can choose between the Standard, Premium, Privilege and Cent accounts. The account type which you opt for depends on your risk tolerance, your initial investment size and the available time you have to trade on a daily basis. With worldtradex, you can always improve your trading knowledge with unique educational resources, including webinars, podcasts and trading videos. These are hosted by experts and can help you to sharpen your skills and become a better trader in the long run.
They are always fast, polite and very helpful in their responses. This is important as you can get access to talk to a real human with minimal delay, something that is vital in the fast pace of the modern markets. worldtradex offer CFD trading which means that you can speculate on falling or rising prices without needing to physically own the underlying asset. This makes trading much more accessible and convenient for everyone. The difference between the price of the underlying asset from when you open and close the position is the profit or loss, minus the broker spread. CFD’s are flexible and can be traded with leverage to further enhance possibilities in the markets.
- You can deposit funds into your worldtradex account using a good variety of convenient payment options including bank transfers, card and online payment processors.
- Hello Manolu C.,We’re glad to hear that you have found our educational materials to be informative.
- Clients have access to theSupport and help of account managers and aDedicated and friendly customer support team,Which is available 24 hours, 5 days a week.
- I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.
- Our reviews are conducted by seasoned trading professionals who bring years of market experience to the table.
- The broker implements advanced security measures, including encryption technology and segregated client funds, to protect traders’ assets and personal information.
worldtradex Review – Pros & Cons Revealed
worldtradex, the broker of choice for traders seeking safety, variety, and expert guidance. Explore a world of forex, CFDs, and cryptocurrencies with confidence. Hi Jorge S.,Thanks for taking the time to share with us your feedback! Dear users,This review was not submitted by a verified client of worldtradex and seems to be an attempt to damage our reputation.
Standard Account
worldtradex presents its proprietary web-based trading platform, accessible from the client portal, a mobile app, and the MT4 trading platform, which remains the undisputed industry leader, plus MT5. Mt4 fully supports algorithmic trading from its desktop client and has an embedded copy trading service. Regrettably, worldtradex does not offer third-party plugins for MT4. Traders can browse the 25,000+ custom indicators, plugins, and EAs available for MT4, but the quality upgrades are not free.
What funding options does worldtradex offer?
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
worldtradex offers a variety of account types tailored to meet the diverse needs of its clients, ranging from beginners to experienced traders. Each account type is designed with different features and benefits to cater to various trading styles, risk appetites, and investment levels. 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. For traders who prefer https://worldtradex.blog/ tighter spreads, worldtradex offers raw spread accounts with spreads.
While some investors might find certain regulatory restrictions, such as lower leverage limits, as a disadvantage, these restrictions are often implemented to protect traders from excessive risk. 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. However, it’s essential to recognize that while worldtradex’s range of investments is extensive, it may not have as many exotic or niche assets compared to some other specialized brokers.
It’s the platform of choice for those who require in-depth analysis and sophisticated trading strategies. Using the Standard account, my experience has been a smooth one and I have been executing reliable trades ever since I started making use of worldtradex. I can attest that it is very reliable and has very great services. The spreads are very tight, and trading tools and instruments are provided to make great strategies.
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. worldtradex supports a variety of deposit options, including credit/debit cards, bank wire transfers, and popular e-wallets like Skrill and Neteller.