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I’ve been using worldtradex for around 6 months, mainly for forex pairs trading. Opening acount was simple, the platform runs smoothly with fast execution and no major issues during high-volatility periods.Withdrawals have been reliable. I usually get my money within few business days which gave me aome peace of mind early on. It’s not perfect, but it’s definitely good enough to make a money with if you have a good strategy. worldtradex offers two demo accounts, the Demo Floating Spread and the Demo STP/ECN Absolute Zero. The former is fully customizable, while the latter is only available as a USD option with a default balance of $100,000, where traders can select their desired leverage.
Primary markets
The next step involves submitting identification documents for worldtradex account validation and making a deposit. Once completed, worldtradex users can download the trading platform of their choice. worldtradex Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for worldtradex traders of all experience levels. It’s important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn’t allow automated trading scripts such as Expert Advisors. You can start using the MetaTrader 4 platform with worldtradex in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers.
worldtradex opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. worldtradex has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Overall, while the phone support experience was satisfactory, there is still room for improvement. worldtradex have grade A support rating because worldtradex offer over three languages.
Complete Review www.worldtradex.com
- The platform’s marketing resources, transparent reporting, and customer support make it easy for partners to grow their businesses with minimal upfront costs.
- To learn more about the worldtradex funding and withdrawal options available in your area, you can explore the worldtradex website.
- Trading with a regulated broker will limit the potential for fraud and malpractice.
- It’s worth noting that Ahmed just submitted a withdrawal request to worldtradex just before the incident.
- Traders should also consider potential third-party processing costs and currency conversion fees.
The well-structured trading environment and dedicated customer support team, make it a great broker to register with. The broker charges an inactivity fee and requires a minimum deposit, but it also offers discounts for active traders. The average spread cost for the EUR/USD pair is 1.2, slightly above the industry average of 1.08. With an average rating for commissions and fees, worldtradex provides a standard cost structure without significant advantages. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.
Customer Reviews
Instead, your worldtradex funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with worldtradex. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by worldtradex terms Worldtradex scam and conditions. It’s important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Regulatory bodies conduct regular reviews and audits as part of worldtradex maintaining their regulatory status. Please note that the list of payment methods below depends on the worldtradex Entity and the client’s Country of Residence. Throughout our comprehensive worldtradex review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality. We tested the effectiveness of communicating with worldtradex support in multiple languages and countries. Our customer issues were resolved promptly by the worldtradex support team, proving their ability to efficiently and effectively support customers in diverse locations and languages. Explore the worldtradex platform and train yourself to think systematically and logically about the markets.
Fairly good trading terms 👍 Plus, generous leverage of up to 1000x is available
All BrokerNotes content is researched, fact-checked, and edited by the research team. To withdraw funds via bank wire, simply apply for a withdrawal through your worldtradex client portal. Additionally, worldtradex introduces the TradeCopier platform for those seeking to copy the strategies of top traders or offer their strategies for profit. Available for desktop, mobile, and web use, worldtradex provides flexibility for traders on any device. With tools like MT4 Webtrader, VPS hosting, and the Personal Multi Account Manager (PMAM), worldtradex ensures that every trader has the resources they need for success.
With tight spreads, fast execution, and expert market research, traders can maximize their potential. Whether you’re trading forex, precious metals, or the stock market, worldtradex offers competitive conditions and tools to help traders succeed. Client funds are segregated from company funds, reducing the potential for misuse. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types.
Click on the “Open Account” or “Start Trading” button, usually found on the homepage. You will be prompted to provide some personal details such as your name, email address, and phone number. Afterward, you’ll gain access to the dedicated IB portal where you can track your referrals, commissions, and earnings in real-time. While bonuses offer additional leverage, it’s important to note that these bonuses cannot be withdrawn and come with certain terms and conditions. worldtradex employs advanced security measures designed to protect your personal information, funds, and privacy.
And Ireland clients can also place spread bets, although the costs are not fully disclosed. No requotes can provide worldtradex traders with greater confidence and peace of mind when trading on the worldtradex platform. It’s worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of worldtradex trades.
Never went wrong with worldtradex platform
With the ECN and STP execution methods offered by the platform, traders using worldtradex can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades. MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.
A minimum deposit is the minimum amount of money required by worldtradex to open a new online brokerage account with them. worldtradex requires a minimum deposit of 100 GBP/USD/EUR when opening an worldtradex trading account. Trading online with worldtradex requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the worldtradex trading tools and features.
- Your initial deposit will be sent back through the payment method used, and any excess funds (profits) will be transferred to your bank account.
- Whether you’re seeking trading assistance or account management help, their multilingual team ensures prompt and efficient customer service to meet your needs.
- worldtradex offers a diverse range of trading account types to cater to different levels of traders and their specific trading needs.
- On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease.
- All reviews recommend not to deal with this company and it is confirmed as a pure scam.
It’s worth noting that Wikipedia content is highly moderated for accuracy, so having a page dedicated to worldtradex speaks to its legitimacy and significance. “They stopped the 2 ongoing traded and created-then-stopped the 3rd one as well to bring the account back to its initial balance (500$) while (789,7 $ is gone).,” he added. Not long after, a 0.01 lot of EUR/USD order appeared, with no price offered and “PnL Correction” noted.
I am thankful to worldtradex broker for beng…
These indicators can provide valuable insights into market movements, allowing worldtradex traders to potentially stay one step ahead. After logging into your worldtradex account, you’ll find a range of trading platform options available below. If you want to trade currency pairs on global Forex markets, worldtradex offer over 120 currency pairs. worldtradex is regulated, governed and supervised by reputable financial regulatory bodies.Regulatory bodies monitor the brokers’ behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like worldtradex you should be sure they’re legitimate online agent. Depositing funds with worldtradex ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if worldtradex were to go out of business unexpectedly.