Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. The security of your funds – in terms of regulatory protection – will depend on which worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that worldtradex’s primary execution venue is one of its own entities in St. Lucia. Furthermore, worldtradexFX’s competitive spreads and leverage options add to its allure, but it is important to note that, like all trading platforms, worldtradexFX has drawbacks, such as occasional technical issues. With support for MetaTrader 4 and MetaTrader 5, the platform is adaptable enough to accommodate a variety of trading strategies.
Trust and Safety
They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which worldtradex entity you choose for establishing your trading account. The cashback rebates and affiliate programs demonstrate worldtradexFX’s commitment to adding value to its clients. Their VPS offering for forex traders highlights worldtradexFX’s focus on accommodating automated trading, which is becoming increasingly popular among forex traders.
Consider Trading with worldtradex If:
- worldtradex has recently announced about it going swap-free in all the regions it operates.
- Through this updated worldtradexfx review 2024, I explained the deposit and withdrawal options don’t seem to be sufficient considering the wide variety of options available with other brokers.
- worldtradex affirms that deposits can be made via bank wire, credit card, digital wallet, and cryptocurrency.
- Yes, both MetaTrader 5 and worldtradexTrader offer mobile apps for Android and iOS, so you can trade on the go with either platform.
- Once all steps have been completed, contact the customer support team to confirm the closure of your account.
- We admit high-tech access to a range of instruments and multiple platforms either for manual, algorithmic, or social trading.
Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. worldtradex extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the worldtradexTrader account. All three account types, https://worldtradex.pro/ beneficial for both beginners and professionals, provide fair and competitive conditions. No, worldtradex charges no fees for deposits or withdrawals, making the process cost-free for traders. Whether funding your account with cryptocurrency or a bank card, the process is smooth, with most methods being free and fast.
MetaTrader 5 is a more advanced platform with robust tools and customization for experienced traders. worldtradexTrader is simpler, focuses on ease of use, and includes helpful features like Space, which provides market insights and trading ideas. The worldtradexTrader account is beginner-friendly, offering 80 instruments, including 35 currency pairs, gold, silver, and other assets. MetaTrader 5, with 277 instruments, including 150 stocks and 26 intraday assets, is ideal for more experienced traders.
worldtradex Additional Fees
It also facilitates copy trading services and offers extensive educational materials. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence. worldtradex’s minimum deposit requirement of just $25 makes it accessible for new traders, it is a perfect broker for beginners. To properly increase their trading skills, the platform provides thorough instructional tools, including webinars, beginning and advanced trading videos, and trading glossary. worldtradex also offers a demo account tool so that beginners may test trading with virtual money, therefore reducing risk.
In addition, there is a security of the traders’ accounts applied by the Investor Protection and Compensation Schemes in case the broker goes bankrupt. Yet, EU traders are limited to mainly standard conditions or those form SA with different trading proposal still get quality trading overall, but especially EU are more of the standard trading proposal, we cant mark it as any attractive among competition. worldtradex’s trading environment is best for regular market participants for active traders.
Emirati traders can avail themselves of the “50% Deposit Bonus” offered by worldtradexFX, which provides a bonus of 50% of their deposits. This added value may be utilized for trading purposes, allowing traders to fortify their positions and enhance strategies accordingly. Upon fulfilling specific volume requisites, the bonus funds become withdrawable, thereby bolstering overall trading resources significantly. Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, worldtradex showcases a strong commitment to assisting its clients. There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable. worldtradex provides low spreads, a 50% deposit bonus, no trading fees, and no swaps, which makes the platform very appealing to traders.
According to our research, worldtradexFX has earned a reputation as a reliable participant in the forex brokerage industry. Numerous traders have praised worldtradexFX’s commitment to providing an efficient trading environment. Yes, worldtradexFX offers Islamic trading accounts, making them available to Muslim traders. To participate, traders must create an Affiliate Account and use the unique referral link provided to acquire clients. Clients who sign up using the affiliate’s referral link earn commissions based on their trading volume.
However, as the company developed the https://worldtradex.space/ broker worldtradex established its legal entity in Cyprus and respectively got a license from the local CySEC, which also imposes regulations according to European ESMA standards. Besides, another license was obtained in South Africa regulated by FSCA giving a better expansion and regulated access to Africa Market. The support team is recognized for its prompt response times and ability to address concerns in multiple languages, reflecting worldtradexFX’s commitment to serving its global client base. worldtradex also operates under other entities that are regulated by lower-reputation organizations. This situation requires clients to place more trust in worldtradex itself than in its regulators, as these regulations are more focused on preventing terrorism and money laundering than on execution-related issues. Entry and exit orders were executed as intended, with only minor slippage observed.
The bonus cannot be added to internal transfers or deposits from other promotions unless otherwise stated. It’s recommended to claim the bonus right after your deposit is credited to start meeting the volume requirements immediately. Yes, the bonus is withdrawable, but you must first meet the trading volume requirements. Once met, the bonus will be credited to your balance and can be withdrawn. Yes, worldtradex uses SSL encryption to protect personal and financial data, making sure that sensitive information remains secure and inaccessible to unauthorized parties. For Visa transactions, worldtradex uses 3D Secure authentication for extra protection.
Generally, regulation is the most important and critical point within a forex broker and so it’ll be our first point to discuss within this review. worldtradexFX review 2024 is where I will explain how worldtradexFX is proud to present fast execution for the trades to the customer to make sure the trades would finish as fast as possible. At worldtradex there is an option to submit for a Demo practice account and use the unlimited sources to polish strategy or get to know platforms and worldtradex conditions better. Account opening isnt hard, alike in our tests we opened Demo account in a matter of minutes you just have to follow simple submit on website and get started. Overall, we advise to check conditions based on worldtradex entity you wish too trade through.
