There are limited securities and products available for trade. One can go and check out other reputed and highly regulated brokers like HFTrading, ETFinance or PrimeFin. These brokers offer a vast range of trading products at a low minimum deposit. When you trade with an Worldtradex ECN account, you can automatically access multiple currencies like EUR, USD, and GBP with tight spreads starting from 0.01 pips. To see the full fee structure, check all the conditions including commissions, funding fees, and inactivity fees. All costs are included in the spread, which starts from 0.1 pips.
We do not understand the brokers need for multiple regulations when it can be regulated by one major and reputed regulatory authority. This creates confusion, and we do not think it is safe to trade with Worldtradex. We would advise traders and investors to think twice before they put their hard-earned money in the hands of the broker. Yes, Worldtradex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is considered a low-risk trading broker. While St. Vincent & the Grenadines is an offshore zone with less strict financial regulations, Worldtradex is still considered safe to trade with due to its authorization by the European regulator.
The Worldtradex brand is internationally recognized and operates under authorization and regulation in multiple jurisdictions. It is dedicated to providing traders with the best possible trading experience. Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money.
Worldtradex are never charged any commission or fee for trading from their traders. However Worldtradex forex broker if we see its service like compatative spread and $0 commission for trading then we can forget fee. Chainflow is a cryptocurrency platform that offers a range of services, including trading, staking, and wallet management. The website provides information about various aspects of cryptocurrency, such as spot trading,… Worldtradex Markets Ltd falls into the category of UNREGULATED platform.
Customer Service
Worldtradex offers excellent customer support available 24/5 through email, Live Chat, and international phone calls. Support is provided in multiple languages, ensuring clients from around the world receive quality assistance. After reviewing Worldtradex, we find that the company offers trading with the STP/ECN model and quotes directly from liquidity providers. They have created different types of accounts with various features and minimum deposit requirements, making it easy for traders of all levels to get started. Worldtradex operates in a regulated environment, which ensures a safe and supportive trading experience. However, for better transparency, we recommend signing up with a European entity.
As a result, selecting the right trading platform like Worldtradex requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Worldtradex available, each with unique features, fees, and regulations. Worldtradex caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage. It’s important to note that Worldtradex requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks.
Worldtradex are able to accommodate various levels of traders whether you are experienced or a beginner. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Our in-depth and unbiased reviews help investors in choosing the best broker according to their investing needs. Your financial security is of paramount importance to us, and we fervently endorse the exercise of due diligence and seeking professional guidance when making investment decisions.
IC Markets Global
Worldtradex has taken undeviating steps to segregate accounts and the offering of investor compensation schemes as measures to protect the client funds. The reliability of the firm and the reputation of the Forex market is much enhanced by these steps. Worldtradex provides unparalleled account choices such as zero-fee ECN and competitive spreads, a subset with incredibly low costs. It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings.
Does Worldtradex offer negative balance protection?
Worldtradex broker, or FX Central Clearing, is a Forex broker from Cyprus that started in 2010. It helps professionals in the forex market trade currencies, cryptocurrencies, indices, energies, and metals using advanced technology. The company is known for focusing on its customers by offering competitive prices and favorable trading conditions.
- Worldtradex is registered in Vanuatu with registration number and regulated by the VFSC and CySEC.
- It is the security and speed of transaction processing that also contributes to high ratings of brokerage services.
- Write me below for withdrawal guidance.I strongly believe they do some fraud or scam business.
- One can go and check out other reputed and highly regulated brokers like HFTrading, ETFinance or PrimeFin.
Worldtradex, from online reviews and forums, is personified as a provider of high quality with a positive rating. Among its transparency, and customer service, which are generally reviewed not to be very high, how it executes its services was the only thing that was not questionable. Worldtradex can deposit and withdraw funds through bank transfers, debit/credit cards, and e-wallets. It is the security and speed of transaction processing that also contributes to high ratings of brokerage services. The broker teases customers with decent customer support that we get through live chat, email, and phone calls. The global trader can easily communicate and get qualified help from the broker due to multilingual support, which in turn helps to improve the ratings of Worldtradex.
With Negative balance protection, traders cannot lose more money than they have deposited. Compared to other brokers, Worldtradex offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow. As part of our Worldtradex review, we review customer service options, response times and problem resolution effectiveness on the Worldtradex trading platform.
We champion verified reviews
I once needed help because I couldn’t reset my password, and I contacted them, it took less than 5 minutes to reach out to them.That kind of access is rare with brokers. Regarding my trading experience, I can say their single trading account is more than enough for me. A responsive and knowledgeable customer support team is a hallmark of Worldtradex. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries. Additionally, Worldtradex provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills. Worldtradex is a reliable platform that can be considered trustworthy due to its strict regulatory practices.
Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit. It is a regulated broker with a European license, which ensures safety for trading and protection for clients. It also provides negative balance protection in case of insolvency.
The company has established a solid reputation within the forex brokerage industry, praised for its competitive trading conditions, including attractive leverage options and low spreads. Customers appreciate the transparency and reliability of the platform, often highlighting the quality of its educational resources and customer support. However, concerns persist regarding withdrawal processes, with some users experiencing delays and additional fees.
- They entice with promises of doubling the deposit within 24 hours and similar claims.
- Worldtradex offers clients Forex trading, CFD trading, and Share Dealing trading.
- We do not understand the brokers need for multiple regulations when it can be regulated by one major and reputed regulatory authority.
If after reading this Worldtradex review, Worldtradex does not fulfill your needs check out these Worldtradex Alternatives.
Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don’t require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features. Worldtradex partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices.
The spreads are reasonable, and customer support is decent, though not always as fast as I’d https://worldtradex.pro/ like. Overall, it’s been reliable for me, and I haven’t had any trouble getting things done. Definitely a good option if you’re looking for a straightforward platform. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment.