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. Traders with highly specific investment preferences might find more tailored options elsewhere. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
Worldtradex Review 2025
Worldtradex might ask for additional information on a case-by-case basis. 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.
Trading Instruments at Worldtradex
- On the other hand, Worldtradex offers no lower-risk securities, such as ETFs, bonds, or Asian stocks.
- Regulated brokers prominently display their licence number and the name of the regulating authority, usually in the footer or on the “About Us” page.
- It’s important to note that these are CFDs and not physical assets such as physical metals or physical stocks.
- Plus, you’ll be trading on the industry-leading MetaTrader 4 platform, known for its fast execution and robust features.
- However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings.
Traders may choose from three account types, where the only visible difference is a difference in trading fees. A Cent account is also available, which I recommend to beginners to learn how to trade in live trading conditions. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive Worldtradex scammers with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning.
Worldtradex is a trade name of Tradeco Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD029. Additionally, the Worldtradex group includes Damadah Holding Limited, which is based in Cyprus. Although third-party plugin support is lacking, users can access over 25,000 custom indicators for MT4. To withdraw money from Worldtradex, log in to your account, select the withdrawal option, choose your preferred method, enter the amount, and confirm the request.
Investment Offerings:
When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Worldtradex accepts payments via bank wire, credit and debit cards, e-wire, and cryptocurrencies.
The broker has a 100% margin call and a 20% stop-out level, protecting its clients against the dangers of a complete account wipeout. Worldtradex could improve its account offering by adding a raw spread account. Each of these platforms caters to different trading styles and preferences.
- Investors can have confidence that their funds are protected and that the broker is subject to oversight to prevent malpractice.
- Hi Alex Krouglov,Thank you for sharing your positive experience with Emma.
- Instead, we always recommend choosing a broker that has gained its name through years of seamless operation and great trading conditions.
- We are unwavering in our commitment to foster a transparent and unparalleled trading ambiance for our global clientele, enabling them to unlock and harness their inherent trading prowess.
- There are different types of deposit and withdrawal options for every country.
Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements. Worldtradex integrates MetaTrader 4, which offers one-click trading but has a minimum timeframe of 1 minute. Additionally, the broker does not provide Virtual Private Server (VPS) hosting for low-latency trading and charges average-to-high spreads on popular instruments. Worldtradex offers Cent accounts for algo testing, and algo traders can use Expert Advisors (EAs) to automate their trading systems. However, the broker does not provide free Virtual Private Server (VPS) hosting for low-latency trading and stable internet connectivity.
The broker enables traders to create an account in just 2 minutes by collecting essential user details and trading preferences. The broker is operated by Tradeco Limited and offers negative balance protection. While it holds regulatory status, the offshore nature of the license places it in a lower regulatory tier compared to more established jurisdictions. Our reviews are conducted by seasoned trading professionals who bring years of market experience to the table. Each review is meticulously fact-checked and validated by our in-house experts to ensure it meets the highest standards of accuracy and relevance.
So, is Worldtradex a legit Forex broker?
Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. The broker provides various financial instruments, including forex, metals, futures, commodities, shares, and indices. Most of these instruments have tight spreads, which makes trading with Worldtradex a cost-effective option. Worldtradex exemplifies visionary leadership in online trading, providing a seamless, secure, and enriched trading experience across varied asset classes. Worldtradex’s commitment to trader enrichment is manifested through its extensive range of educational resources.
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For those interested in the exciting world of trading CFDs and currencies, trading online is just a click away. With only a few clicks, traders can access the forex markets, speculate on currency pairs, and broaden their portfolios. There is also a cent account, which is best for transitioning from a demo account to a live one. The Cent account type is similar to the Standard account, the main difference is that the account balance is denominated in Cents. Cent accounts help traders test https://worldtradex.biz/ their strategies live with small risks. In addition, they get to know about broker policies and trading fees when live trading.
However, we do not guarantee the completeness, timeliness, or accuracy of the information provided. MarketBulls is not responsible for any losses incurred as a result of trading decisions based on the information presented on this site. Some of the best Worldtradex alternatives include FxPro, Plus500, BlackBull Markets, and Tickmill, each offering unique features and regulatory advantages that may suit different trading preferences. Based on the information provided on the broker’s website, Worldtradex is registered in Seychelles with license number SD029.
If your trading account remains inactive for a specified period, typically 90 days, an inactivity fee is applied. This fee is usually a fixed amount, around $10 to $15 per month, and is deducted until the account is reactivated through trading or becomes depleted. This policy encourages traders to maintain regular activity in their accounts but could be a drawback for those who trade less frequently or take extended breaks from trading. This diverse range of trading instruments makes Worldtradex a versatile platform suitable for various trading strategies, from day trading and scalping to long-term investing. The educational materials were indeed helpful in guiding me through the basics of trading. I recommend particularly the ebooks on technical analysis, it’s pretty comprehensive and easy to follow.
This cost-effectiveness, combined with flexible account types, makes it a suitable option for traders with different levels of experience and trading styles. Additionally, Worldtradex supports a wide range of payment methods and multiple account currencies, ensuring convenient deposits and withdrawals. Worldtradex, regulated under the Seychelles Financial Services Authority, offers a wide range of trading instruments, including forex, futures, commodities, shares, and indices. Worldtradex offers 300+ financial instruments across 6 asset classes, including forex, metals, futures, commodities, shares, and indices through CFDs. These markets are accessible via the MT4 trading platform, one of the most popular platforms among traders. In addition, the MT4 platform provides traders with comprehensive trading tools and features to create their trading strategies.
