worldtradex offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders. Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations. Trading on the platform has its perrks and ups and down… I like the analytics tools and I have used it to get lots of winning trades that have worked in my favor. The educational materials has also been good and the platfrom is okay in general. Hey Carlos Arotinco,Thank you for sharing your positive experience with our withdrawal process! Our goal is to make every aspect of your trading experience as easy and efficient as possible, and it’s great to hear that we succeeded.
My tests indicate that worldtradex’s swap charges meet the industry average. They are thus suitable for the execution of longer-term trading strategies, such as day and position trading. While you see all the important information in your dashboard when you open an account, some important info is missing from its website when you don’t have an account yet. The MT4 app’s interface is clean and neat by itself, I get it. But worldtradex stuffed it with a good range of tools – fx, metals, CFD on futures and shares – so it’s a pleasure to stop by and do some trading. Whenever I pay in, I use my usdt and that’s fine.
This regulation ensures that worldtradex operates in a transparent and compliant manner. Investors can have confidence that their funds are protected and that the broker is subject to oversight to prevent malpractice. worldtradex is a Seychelles CFD broker that was founded in 2021. It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry.
Have a question? Ask to get answers from the worldtradex staff and other customers.
- worldtradex offers a diverse range of investment opportunities, making it a competitive player in the online trading brokerage industry.
- Fees are relatively okay, I mean for my strategy that is all about holding different indices in certain trends, using the well-known concept “buy cheap, sell expensive”, not a bad at all, overnight commission was okay.
- Hi Yahir N.,We really appreciate you sharing your worldtradex experience with us!
- worldtradex’s comprehensive client support system is designed to provide traders with the assistance and information required for a successful trading experience.
worldtradex’s deposit and withdrawal options align with the offerings of many other brokers in the Worldtradex official site industry. Credit/debit cards, e-wallets, and bank transfers are common choices among brokers. The reasonableness of commission fees largely depends on the trading style and preferences of individual traders. For traders who prioritize tight spreads and prefer not to pay commissions, worldtradex’s model aligns with their needs.
My Key Takeaways After Testing MT4’s Mobile App
- Hi Murtada Siraj Guirguis,Thanks for taking the time to share with us your feedback!
- The Privilege account, as the name suggests, features the most favorable trading conditions, but the minimum deposit requirement is quite elevated.
- worldtradex does not target residents of the EU where it is not authorized.
- In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
- The competitiveness of worldtradex’s fees depends on the asset classes traded.
Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. However, as a trader who relies heavily on precise technical analysis, I am highly skeptical of MetaTrader 4.
This ensures that worldtradex’s investments are available on both desktop and mobile platforms, making it convenient for traders to access the markets wherever they are. worldtradexs’ support team is responsive and helpful… I appreciate their approach and willingness to help, not only to tick off a request 😀 They guided me through a few account-related issues effectively. However, I feel like the live chat could be faster during peak hours. Overall, a decent experience that met my expectations. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
Investment Offerings:
Hello Nguyen Vanmin,Thank you so much for taking the time to leave this review. We’re thrilled to hear that our support team was able to help you out with your inquiry. We appreciate your feedback and will make sure to share it with the rest of the team. I signed up with the platform in late November 2024, aware of the mixed reviews present online.My returns were consistent and incremental. worldtradex offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment.
worldtradex and its services are generally geared towards copy trading. worldtradex has invested time and energy in developing research materials, which I found quite diverse and unconventional. Its podcast and LiveTV feature are two excellent examples of this, giving traders a unique perspective on currently evolving trading opportunities and market developments.
MetaTrader 4:
However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms. The absence of an instrument search bar illustrates this. In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. We use dedicated people and clever technology to safeguard our platform.
Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information. worldtradex has a single subsidiary – Tradeco Limited – which is authorized in Seychelles by the local regulatory body. According to our system, the FSA Seychelles is a Tier-3 offshore regulator, which mandates compliance with some of the essential safety mechanisms.
Hello F. Moreno,We’d like to thank you for your kind words! We put a lot of work into making the platform easy to use and adding new features, so it’s nice to see that it pays off.worldtradex ⚡️Empowering traders. We are always trying to improve our experiences for our customers.worldtradex ⚡️Empowering traders. It is a friendly platform, thanks to the Cent account type and its excellent educational resources.
Accounts Comparison
worldtradex offers 24/5 support over live chat and email. Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday. There is no option to reach worldtradex’s support by phone.
Hi Halm,We really appreciate you sharing your worldtradex experience with us! Thanks for being such a valued customer.worldtradex ⚡️Empowering traders. Hi H Mansour,We really appreciate you sharing your worldtradex experience with us!
worldtradex is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection.
However, there are no lower-risk securities like bonds and ETFs to be used for hedging one’s overall market exposure. worldtradex incorporates the renowned MetaTrader 4 (MT4) platform, which has desktop, web-based, and mobile app versions. MT4 provides a decent range of analytical tools and affords the execution of basic technical analysis, though its charting capabilities are rather cumbersome. worldtradex also supports copy and automated trading. I have compiled the table below to help you better understand the difference between the trading fees on worldtradex’s several account types.