My advice is to steer clear of worldtradex bc IMO they cannot be trusted. Who in their right mind would trade with such an openly fraudulent company? No license, a short operating history, plus many fake positive reviews. The broker with good spreads on premium ackount, which you can fund with a few hundred bucks to be good to go. I like using webtrader to make all price charts as clear as it can only get.
Therefore, the rules they comply with are weak. Based on some worldtradex reviews conclusion is that this could make potential issues. Suggested companies are based on people’s browsing tendencies. 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 https://worldtradex.pro/ are so you have little recourse via that route and their Compliance/Support Teams actively refuse to investigate named individuals in a fraud case. worldtradex is a Seychelles CFD broker that was founded in 2021.
However, such an excessive number of bonuses suggests that worldtradex is more interested in reducing traders’ chances of successful trading and withdrawing profits. Hello Thanalop,We are so grateful that you took the time to write this excellent review! Hello Kaila Lee,We are so grateful that you took the time to write this excellent review!
No, this broker doesn’t offer a demo account. Only live account with a minimum deposit requirement of 200$. They only offer services to clients coming from the UK. US clients are not permitted to trade with this broker. As we mentioned about worldtradex reviews, clients had issues with withdrawals. You can’t withdraw profits until you make a rollover at least 20 times bigger than your deposit plus bonus.
So far, I’m happy with how things are going and I think I’m improving. It’s really tough to get noticed in today’s world, especially if you’re a broker. At the end of the day, most brokers offer similar ways to trade the market, and the assets seem to be the same everywhere you go. I can’t pinpoint one thing that makes worldtradex stand out to me, because there’s no one amazing feature that I can point to.
Is worldtradex A Legit CFD Broker?
Pal, you are missing a lot if you haven’t followed it yet. I recommend giving it a try.For me, this is the perfect way to stay connected with the latest market news and hot topics. Usually, it lasts around two hours and is broadcasted around the start of the European session, which is perfect timing.What they do…. All the important events for the day, or for the week are covered.
How do I know I can trust these reviews about worldtradex?
- My expectations are sure damn met and the platform is easy to use and navigate, it’s quite advanced with effective analytical tools.
- And the variety of useful tools, including Trading Central and a calculator for traders.
- WEll, the spereads are low too, on average.
- To classify regulators, you have multiple tiers.
- The Financial Securities Authority (FSA) of Seychelles belongs to the Tier 3 group and that’s the official regulator of this broker.
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. Very attentive and supportive customer support.
However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. worldtradex has invested time and energy in developing research materials, which I found quite diverse and unconventional.
Responded Reviews!
In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. Almost all firms and individuals must be authorised by us if they offer, promote or sell financial products or services in the UK. Verification can help ensure real people are writing the reviews you read on Trustpilot.
Our articles and reviews can help any potential investor to avoid scam in the world of global finances. It’s good that there’s at least a demo account and a cent account, but this still doesn’t eliminate the feeling that the trading conditions at worldtradex are far from transparent and clear. 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. worldtradex also offers a separate terminal for copying trades.
Where is worldtradex based?
Hello Fouad G.,Thank you for your positive feedback! 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.
Moreover, it’s recognized in the community, traders eagerly leave feedback after trading https://worldtradex.club/ on the platform and it’s another evidence to the broker’s trustworthiness. 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.