My trading experience with worldtradex is good and I like tight spreads. It’s not obvious when you look at the website, seeing big spreads. worldtradex is an offshore broker, and like many similar brokers, its legitimacy can be challenging to verify. The services provided appear standard and comparable to other brokers in the same category.
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. I am missing an introduction to the proprietary options, as worldtradex does not list any features and only notes how to access or obtain them. worldtradex is a relatively new online broker providing trading services across multiple financial markets, including FOREX and indices. These resources are designed to help traders resolve issues on their own and enhance their understanding of the platform and trading process.
worldtradex Deposits
For standard accounts, spreads are slightly wider but still competitive compared to industry standards, with no commissions on trades. Dear MICHAEL BYRNE,Thank you for sharing your experience with us.We understand that encountering unexpected outcomes in trading can be frustrating. While we recognize how disappointing this experience may have been, we appreciate the opportunity to address your concerns.
My tests revealed that worldtradex charges relatively high spreads on most instruments. Additionally, it lacks a raw spread account and does not offer phone customer support. Leverage determines a trader’s overall market exposure. 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 provides over 320 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, and futures contracts. The selection is wide and diverse, though there are no low-risk securities such as ETFs. In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. We take all comments seriously and are dedicated to continuously improving our services. If there’s anything we can do to resolve the situation, please do not hesitate to reach out to us at We look forward to the opportunity to make things right.worldtradex ⚡️Empowering traders.
What is the worldtradex minimum deposit requirement?
Most non-banking payment processors have geographic restrictions, and the worldtradex client portal will only list the ones available to traders. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Therefore, the Cent account Worldtradex review with a small deposit may be a better option for learning how to trade.
worldtradex Registration, Fees, and Spreads : How to Start Trading
The minimum position sizes start from 0.01 which is great if you want to get a feel for trading in a live trading environment with minimal risk. worldtradex offers a diverse range of investment opportunities, making it a competitive player in the online trading brokerage industry. Here, we’ll delve into worldtradex’s offerings, compare them to other brokers, highlight its strengths, areas of improvement, and address the availability on various platforms. We’re dedicated to providing our clients with a wide range of educational materials, and we’re thrilled to hear that you have found them helpful. We believe that education is a crucial aspect of successful trading, and we’re here to support you in your journey. Hello Sylvia C.,Thank you for your positive feedback!
Inactivity Fees
This broker is ideal for traders seeking a wide variety of trading instruments, as worldtradex offers over 300 assets, including forex, commodities, indices, shares, and cryptocurrencies. 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. worldtradex is a global online trading broker that offers a variety of financial instruments, including forex, commodities, indices, and cryptocurrencies. Known for its user-friendly trading environment, worldtradex caters to both beginners and professional traders, providing competitive spreads and robust trading platforms like MetaTrader 4.
- worldtradex notes 24/5 customer support in 30+ languages, but I only came across e-mail support during my review.
- The domain worldtradex.com was registered in 2000, but snapshots from WebArchive show it was only acquired in 2022.
- worldtradex’s top priority is to ensure security and reliability for their clients as well as offering round-the-clock customer service for quick resolution of traders’ queries.
- Plamen’s favourite trading instruments include FX majors and gold.
- Moreover, the potential client has to wait for the review of their application, which delays the process of starting trading.
Trading carries a high level of risk and may not be suitable for all investors. You should consider whether you understand the risks involved. 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. Gain trust and grow your business with customer reviews. It was my first time experiencing such fast customer service.
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. You can deposit funds into your worldtradex account using a good variety of convenient payment options including bank transfers, card and online payment processors. Keep in mind that bank transfers can take 24 hours to process and up to 3 working days to clear. Payment https://worldtradex.space/ and funding authorisation are 100% automatic, whilst the client portal allows deposits and withdrawals using a simple, easy-to-use single interface. worldtradex offers clients the powerful MetaTrader 4 (MT4) trading platform, one of the most popular platforms among traders.
However, the broker does not provide free Virtual Private Server (VPS) hosting for low-latency trading and stable internet connectivity. worldtradex has a $50 minimum deposit requirement and provides plenty of educational and research content. However, our tests showed that it charges above-average trading spreads. We’re glad to hear that our withdrawal process met your expectations.
“Various assets”
- It is your responsibility to verify the compliance of these services with local regulations before using them.
- worldtradex operates a single entity – Tradeco Limited – which is licensed and regulated in Seychelles by the Financial Services Authority (FSA).
- We disclose any potential conflicts of interest and maintain objectivity throughout our review process.
- worldtradex’s MT4 platform is available on Windows and Mac and supports 52 languages, including English, French, Spanish, German, Arabic, Chinese, and more.
- worldtradex offers the TradeCopier platform for both professionals and amateur traders.
- Beginners can learn about the core aspects of trading like technical analysis, fundamental analysis, trading psychology, and risk management.
worldtradex currently holds an average rating of 3 out of 5, which is moderately acceptable. However, after reviewing individual feedback, many clients report significant difficulties with withdrawals from the platform. Brokers like worldtradex earn revenue through spreads, the difference between the buy (ask) and sell (bid) prices of financial assets.