I appreciate its transparency, which makes it easy for everyone to explore its trading terms and offerings in general. At least, I recommend checking it ou and put worldtradex in your shortlis.There are flaws, but tell me a broker without any flaws…I particularly appreciate the advanced market insight worldtradex provides through its LIVE TV feature. Great for staying updated and informed.Also, the execution is stable and pretty quick.
worldtradex’s Trading Fees
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. While no trading platform is entirely risk-free, worldtradex’s commitment to regulation, transparency, and client protection contributes to its reputation as a https://worldtradex.pro/ safe and reliable choice for traders.
I would say the services are incredible and the reputations are great especially with the reviews the clients have dropped online. My favorite part of using the platform is the copier trader which is more distinguished than any of the others I have used before plus the trading conditions are very good. Although the execution isn’t very fast for me but the platform works great. I signed up with the platform in late November 2024, aware of the mixed reviews present online.My returns were consistent and incremental.
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He ended the call saying he wouldn't look after my account as he would others. I tried to withdraw some funds but they rejected it, and a week later my investment doubled again. My account manager texted me again, asking if I was "ready to do business". The next day, all of thr investment and alleged profit was gone from.my account.
This is a common practice to ensure compliance with anti-money laundering regulations and is in line with industry standards. There are 3 primary accounts and I can't say that there are so many differences among them to puzzle over the choice of the acc. Basically, it's cool that you don't need to squander time. I opted for the Privilege account because I had enough money for it and conditions seem to be the ultimate ones on it. Spreads are within average values, like for trading gpb/usd they rarely widen more than 3-4 pips during peak hours.
- Its content is diverse and provides a basic explanation of current market trends and developments.
- 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.
- Well I don’t think so and that wasn’t going to be my case when I decided I was going to use worldtradex.
- Now, let’s take a look at the trading offerings provided by the broker.
Plus there are many tools that can be useful, calculators, charting tools etc. Well, not gonna lie, the worldtradex broker fascinated me by offering various lavish bonuses. I wanted to start trading with a larger deposit and I thought this is a good chance to take advantage of that. After all, I picked a supercharger bonus and I got a 100% bonus. It doubled my deposit and I was confident in my trading capabilities. In addition to the bonus program, worldtradex provides a range of educational materials to support traders in their learning journey.
worldtradex is a very inviting platform
Such a full-sized EURUSD position usually costs around $10. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000. Brokers operate multiple entities because it allows them to serve clients worldwide.
The time it takes to process withdrawals can depend on the chosen method and other factors, and traders should consider their individual needs and circumstances when selecting the most suitable option for their transactions. 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 https://worldtradex.club/ programs. This ensures that worldtradex’s investments are available on both desktop and mobile platforms, making it convenient for traders to access the markets wherever they are.
These educational resources can include tutorials, webinars, trading guides, and market analysis. The broker provides over 300 trading instruments across most major asset classes, offers diverse trading accounts, and incorporates the popular MetaTrader 4 platform. Most deposit and withdrawal requests are processed by worldtradex within 24 hours.
Reasons for Using a Regulated Broker for Trading
My experience is similar to many others who have dealt with worldtradex….missing and lost money, inability to withdraw, scam alerts etc. They are not FCA registered but tell you they are so you have little recourse via that route and their Compliance/Support Teams actively refuse to investigate named individuals in a fraud case. To sum up, I think worldtradex (Tradeco Limited) is not a safe enough forex broker. Click here to recognize common investment trading scams to avoid being scammed. In the website footer, it is indicated that the broker’s managing company is Tradeco Limited, registered in the Seychelles.
worldtradex’s Non-Trading Fees
They are a highly risky broker with a very quickly deserved bad reputation. The Financial Securities Authority (FSA) of Seychelles belongs to the Tier 3 group and that’s the official regulator of this broker. Since they are providing services outside of Seychelles, they should comply as well with the regulations of those countries where they operate. Let’s take a look at this detailed worldtradex review to see more. Many clients are introduced to worldtradex through free signal groups, in which case one needs to be wary of investment opportunities that claim high returns with little or no risk, as these are likely to be scams.
Account Types Review
It’s worth noting that the broker claims not to charge any deposit fees, which can be appealing to traders. worldtradex works with multiple payment services to provide its clients with maximum flexibility. Deposits can be made via bank wire, credit or debit card, e-wallets, or crypto wallets. The broker does not charge deposits and withdrawal fees, except for withdrawals below $300.
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. worldtradex offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders. Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations. 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.
