A real intermediary earns through commissions, but here it’s different. So, there’s no point in working with such a company; it will work against you. It is regulated by the Seychelles Financial Services Authority (FSA), ensuring compliance with industry standards and offering a secure trading environment for its clients.
Trading accounts
Each account is designed to meet different trading needs and preferences. Regulation is a critical factor when choosing a trading broker, as it ensures that the broker operates within a framework of rules and standards designed to protect clients’ interests. worldtradex is committed to maintaining a high level of transparency and security through robust regulatory oversight.
In addition, worldtradex charges swap fees if the positions remain open overnight. Withdrawal times vary depending on the Payment provider but range from the same day to 10 business days. User support available 24/5 only via email or online form in English, French, Spanish, German and Chinese. The procedure of account opening is easy and fast and takes less than 1 minute online.
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After logging into your account, you will see the main navigation menu on the left side, allowing you to access your dashboard and various platform features. While leverage can significantly enhance trading profits, it’s essential to remember it carries high risks, potentially leading to rapid losses and total capital depletion. The WebTrader platform provides a convenient trading experience directly through any web browser, requiring no software downloads or installations. After registering with worldtradex, traders receive login credentials for MetaTrader 4, enabling them to link their brokerage account directly to MT4 and start trading seamlessly. In the case of worldtradex, its regulation by the Seychelles FSA is a positive aspect, as it signifies adherence to recognized standards in the industry. This regulation ensures that worldtradex operates in a transparent and compliant manner.
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Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. I opened a Standard trading account with Tradeco Limited and performed my tests on the desktop and mobile app versions of the MetaTrader 4 platform. Some features and services may vary depending on where you reside. NBP helps protect traders against large losses in case of sudden market movements. It functions as a mechanism that prevents the account balance from going into negative figures, ensuring that traders don’t end up owing money to the broker.
This hands-on approach allows us https://worldtradex.online/ to assess the broker’s performance across key areas such as execution quality, platform usability, fee structures, and customer support. By engaging with the platforms ourselves, we provide insights that are both practical and trustworthy. worldtradex provides access to over 300 trading instruments, including forex, commodities, indices, shares, and cryptocurrencies, allowing for diversified trading strategies. For traders who prefer tighter spreads, worldtradex offers raw spread accounts with spreads. These accounts charge a commission per trade, typically ranging from $3 to $7 per lot, depending on the account type and the asset being traded.
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This fee-free maintenance structure is particularly appealing for long-term investors and those who prefer to trade intermittently. 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. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. worldtradex offers a blend of market research developed in-house and incorporated from third-party providers.
Payment Methods
The MT4 platform is available as different versions, such as the desktop version and the mobile app. Traders can also use the platform’s web version to access the markets from any computer with an internet connection. Deposit and withdrawal processes are protected with the latest SSL encryption and other security technologies. As the broker is regulated, clients should complete their KYC that is in line with the Seychelles Financial Services Authority. We do not provide investment advice or solicitation of any kind to buy or sell any investment products.
- After submitting the registration form, worldtradex will review your application.
- When it comes to funding and withdrawals, worldtradex offers a relatively wide variety of options for clients to choose from.
- 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.
- On InvestX.fr, Léa writes articles to help readers decode the latest news and stay informed about the ever-evolving blockchain world.
- No license, a short operating history, plus many fake positive reviews.
- The broker also offers its TradeCopier service for copy trading.
This segregation of funds ensures that even in the unlikely event of the broker facing financial difficulties, client funds remain protected and cannot be used to cover the broker’s liabilities. Additionally, worldtradex employs advanced encryption technologies to protect client data and transactions, ensuring that personal and financial information remains secure. I discovered that worldtradex offers three commission-free trading accounts with floating spreads.
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. On its website, worldtradex details the various services and financial markets available to traders.
Client Support
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. Despite its recent inception, worldtradex has quickly gained recognition for its wide range of trading instruments, competitive pricing, and user-friendly platforms. The broker’s rapid growth and positive reputation are testaments to its commitment to offering a reliable and transparent trading environment.
- This commitment to ongoing accuracy allows us to provide our readers with the most current and relevant information available.
- My tests revealed that worldtradex charges relatively high spreads on most instruments.
- The selection is wide and diverse, though there are no low-risk securities such as ETFs.
- You’ll be asked to provide basic personal details and specify your preferred account settings.
We encourage constructive feedback
The broker offers the Trading Central package, which includes an intuitive economic calendar, featured trading ideas, and the Market Buzz feature. worldtradex also publishes market breakdowns on its YouTube channel. When we test a broker’s customer support, we evaluate Worldtradex the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. worldtradex incorporates the standard suite of MetaTrader 4 available for desktop, web, and mobile trading. It can be used for automated trading via EAs, basic technical analysis, and simple order execution.
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.
