On the other hand, I assessed that spreads on a Standard worldtradex account exceed the industry average, and it does not offer a raw spread trading account. CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Conduct thorough research and read online reviews before depositing funds. While we cannot definitively label worldtradex as a scam, we highly recommend remaining vigilant when considering trading with this broker.
MarketBulls makes every effort to provide accurate and reliable information. 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. Before deciding to trade, it is essential to understand the risks involved fully. Ensure you are aware of your risk tolerance and seek independent financial advice if necessary. Past performance is not indicative of future results, and no trading strategy can guarantee returns.
Therefore, it can be assumed that the platform was launched in 2022. The domain worldtradex.com was registered in 2000, but snapshots from WebArchive show it was only acquired in 2022. All this data confirms that the broker started operating in 2022. Next, worldtradex informs that the application is under review, but after this, the personal cabinet is still open. Moreover, https://worldtradex.pro/ the potential client has to wait for the review of their application, which delays the process of starting trading.
So worldtradex took £7000 from my account!
Positions of brokers in this rating are based on publicly available sources that are analyzed using AI. Broker positions in the rating may change frequently as broker information is updated regularly. worldtradex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes. worldtradex has a safety score of 4.2/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
Tradersunion.com does not provide any financial services, including investment or financial advisory services. 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. worldtradex generally does not charge withdrawal fees, allowing traders to access their funds without penalty.
Enjoy the benefits of trading with a powerful broker:
We still need to check how long the platform has been in the market, whether it holds any licenses, and what it really represents. The information on market-bulls.com is provided for general information purposes only. It does not constitute legal, financial, or professional advice. Market-bulls.com does not accept responsibility for any loss or damage arising from reliance on the site’s content. Users should seek independent advice and information before making financial decisions. Our deposit bonuses provide some extra power when you are just starting out.
Does worldtradex offer demo trading?
worldtradex provides its own dedicated mobile trading app, allowing users to trade conveniently without relying on external platforms like MT4 or WebTrader. Interestingly, despite offering cryptocurrency trading, worldtradex does not actively promote this service. This oversight is somewhat puzzling and might negatively affect trader confidence in the platform. These products are traded on margin and carry a high level of risk and it is possible to lose all your capital. They may not be suitable for everyone and you should ensure that you understand the risks involved.
What trading instruments does worldtradex offer?
This regulation ensures that worldtradex adheres to strict guidelines, providing a transparent and secure trading experience. worldtradex does not levy any account maintenance fees, which is a significant advantage for traders. This means there are no recurring costs for simply having an account with worldtradex, regardless of your trading activity level. Whether you are actively trading or holding an account for occasional use, you won’t be charged periodic fees just for maintaining an open account.
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. Trade forex with fixed or flexible spreads, starting from as low as 0.0 pips. Whether you are a beginner or a professional trader, you can choose the right spread account for you and explore opportunities with our superb conditions. We’re glad to hear you’ve had a good experience using our platform. We pride ourselves on being able to offer a wide variety of assets to trade, and we’re happy that you’ve been able to take advantage of that. worldtradex accepts payments via bank wire, credit and debit cards, e-wire, and cryptocurrencies.
- Everything on the site is either neon green or dark blue, as if some teenager tried to create a “cool” website without realizing that bright colors do not always mean stylish design.
- Please follow the links to each of our affiliated broker’s websites.
- He earned a Bachelor’s degree in Economics and International Relations.
- Interestingly, despite offering cryptocurrency trading, worldtradex does not actively promote this service.
- With worldtradex, clients can find their way to their financial freedom in the global financial markets.
Total scam avoid this company
Our reviews cover a broad spectrum of factors, including regulatory compliance, asset diversity, trading conditions, and user experience. By considering the needs of both novice and professional traders, we deliver well-rounded evaluations that highlight both the strengths and areas for improvement for each broker. We don’t just rely on theoretical data or external sources. Every broker review undergoes a rigorous self-testing process, where our analysts actively trade on the platforms under review.
What are worldtradex deposit and withdrawal options?
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Our main mission is to tell the truth about companies which offer people to make a profit from their investments and financial deposits. There are many companies that mask their scam activities under the facade of real investment projects. Our articles and reviews can help any potential investor to avoid scam in the world of global finances. The broker maintains segregated accounts for client funds, ensuring they are kept separate from the company’s operating funds, thereby providing an added layer of protection. Expanding their offerings with more in-depth courses, interactive webinars, and personalized learning paths could enhance the overall educational experience.
- The customer support team at worldtradex is available 24/5, offering multilingual support.
- worldtradex is a reliable broker with the TU Overall Score of 7.11 out of 10.
- It’s the platform of choice for those who require in-depth analysis and sophisticated trading strategies.
- All the services on the Tradersunion.com website are free for you to use.
Registration and account management are also conducted directly via this site. The Privilege account offers all the features of Standard and Premium accounts. The main difference is in the spreads, with an average spread of 1.1 pips. worldtradex also provides a negative balance protection policy to ensure that traders’ funds do not go below zero. This is one of the benefits provided by the broker and ensures that traders do not lose more money than they have invested. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the Worldtradex company reviews brokers that we review.
Trading Fees
They lack personalization and are completely unsuitable for a serious platform that claims to be a reputable broker. MarketBulls operates with complete transparency, ensuring that all reviews are unbiased and free from external influence. We disclose any potential conflicts of interest and maintain objectivity throughout our review process. Our goal is to empower traders with information that helps them make informed decisions tailored to their specific trading needs.