Account verification is mandatory, as worldtradex is a regulated broker with FSA oversight and must comply with strict AML/KYC requirements. Most traders will pass account verification by sending a copy of their government-issued ID and one proof of residency document. worldtradex might ask for additional information on a case-by-case basis.
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worldtradex accepts traders resident in many countries, however it is not targeted at residents of the EU where it is not licensed. worldtradex does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria, and North Korea. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Privilege account. But above that, it actually, cares about how traders view and experience the service.
- worldtradex offers a choice of 300+ trading instruments, Forex, commodities, indices, shares, and futures.
- While some investors might find certain regulatory restrictions, such as lower leverage limits, as a disadvantage, these restrictions are often implemented to protect traders from excessive risk.
- The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”
- Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
Yes, introduce new clients and you may receive CPAs up to $750 and bonuses up to $10,000. worldtradex broker offers a variety of payment methods to answer different demands. From E-wallets to cryptocurrencies, you can choose whatever suits you. Internal processing times are within 24 hours, but the final transaction time depends on the payment processor and the geographical location of traders. Most non-banking payment processors have geographic restrictions, and the worldtradex client portal will only list the ones available to traders.
Hi Christian Bell,We really appreciate you sharing your worldtradex experience with us! Companies on Trustpilot can’t offer incentives or pay to hide any reviews. In the case of worldtradex, its regulation by the Seychelles FSA is Worldtradex company reviews 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.
worldtradex’s deposit and withdrawal options align with the offerings of many other brokers in the industry. Credit/debit cards, e-wallets, and bank transfers are common choices among brokers. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription.
Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. While the broker offers comprehensive, responsive, and dedicated support through these channels, the lack of phone support can be a letdown for potential customers. This multi-asset broker brings a lot to the table, catering to traders of all stripes. Whether you’re into forex, metals, futures, commodities, shares, or indices, worldtradex has got you covered.
If there’s anything specific you’d like to see from our support team, please don’t hesitate to reach out. 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. To get access to six different asset classes and more than 300 financial instruments with no commission and floating spreads, you must complete the worldtradex registration process. Traders may choose from three account types, where the only visible difference is a difference in trading fees. A Cent account is also available, which I recommend to beginners to learn how to trade in live trading conditions.
STAY AWAY FROM THIS BROKER…….
worldtradex converts deposits and withdrawals in other currencies to the account base currency at market rates. The minimum deposit at worldtradex is $50 but may be higher for the more sophisticated account types. Since the trading fees decrease significantly, traders may have to deposit more to access cheaper costs.
Is worldtradex regulated?
Bonuses and education smoothen the terrain, allowing for a breezy walk instead of a tedious crawl. Additionally, the broker’s multilingual support is available 24/5, and ready to assist traders wherever they experience issues or encounter a lack of clarity. A common complaint in worldtradex reviews is that these bonuses aren’t more apparent. They don’t have a dedicated page, so you can only learn about them in the registration window. And while this is an unfortunate mishap, the broker did make sure to clearly outline all the terms and conditions there. This is perfect for fast-paced traders who employ tactics that don’t mesh well with flat fees.
We’re always looking for ways to improve our educational offerings, and your feedback is invaluable. Hi Baron Logan,Thank you for taking the time to share your thoughts with us. While some investors might find certain regulatory restrictions, such as lower leverage limits, as a disadvantage, these restrictions are often implemented to protect traders from excessive risk.
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Traders can choose the platform that aligns best with their specific trading needs and devices. 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.
worldtradex does not offer its services to residents of certain jurisdictions such as the USA, Iran, Cuba, Sudan, Syria and North Korea. Tradeco limited is authorized and regulated by the Seychelles Financial Services Authority with license number SD029. 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.
In other words, these only serve to supplement your trading routine, rather than being a direct deposit into your bank account. As such, it’s no wonder that many traders enjoy the bonus structure present at worldtradex. It allows for a smoother experience, helps iron out those first few trading days that can be tough, and supplements the funds that traders put down.
- This is perfect for fast-paced traders who employ tactics that don’t mesh well with flat fees.
- Investors can have confidence that their funds are protected and that the broker is subject to oversight to prevent malpractice.
- Founded in 2021, it lacks the longer operational history of many competitors, but my review found no misconduct on behalf of worldtradex, which maintains a clean regulatory track record.
- Credit/debit cards, e-wallets, and bank transfers are common choices among brokers.
- The flexible leverage and customizable demo accounts are also excellent, offering traders two core trading tools.
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. 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. worldtradex offers a 20% Welcome Deposit Bonus, up to $2,000, to boost your trading capital.
This is a common practice to ensure compliance with anti-money laundering regulations and is in line with industry standards. 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. When you deposit into your account, you can receive up to 40% in bonus funds. Note, this bonus is NOT available to EU, USA, Iran, Cuba, Sudan, Syria, and North Korea. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency.
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worldtradex Affiliate program is suited to individuals and businesses who focus on driving traffic via a website or digital media and are usually digital marketers, social media influencers, bloggers, or SEO professionals. worldtradex offers remuneration plans, including CPA commissions and extra cash bonuses. worldtradex does not provide research to clients, but its live TV, available Monday to Friday from 0900 to 1100 (GMT), provides market coverage. I do not consider the absence of research by a broker as a negative, but it can create a service gap with more established competitors. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.
To assist you further, we kindly ask you to provide your information by either responding to our ‘Find Reviewer’ request on Trustpilot or emailing us directly at with all the information regarding your concern. Should you have any additional questions or require further support, please don’t hesitate to contact us.Best Regards, worldtradex ⚡️Empowering traders. Dear Robert Feal-Martinez,Thank you for sharing your feedback with us. 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 brokers that we review.