I have Worldtradex reviews compiled the table below to help you better understand the difference between the trading fees on worldtradex’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10. The competitiveness of worldtradex’s fees depends on the asset classes traded.
Rebate programs, where traders can earn rebates based on trading volume, can be attractive for high-volume traders. It’s worth noting that it is not explicitly mentioned whether worldtradex offers a rebate program, so it’s advisable for interested traders to contact customer support for specific details on any such programs. worldtradex offers the TradeCopier platform for both professionals and amateur traders. If you’re confident in your trading skills, become a strategy provider and let others copy your trade and earn up to 40% performance fees. 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.
No, worldtradex does not accept clients from the United States due to regulatory restrictions. However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms. I tested worldtradex’s transparency by checking the availability of essential information on the website. All essential safety information is present and written in an easy-to-understand way. worldtradex is a trade name of Tradeco Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD029.
worldtradex Detailed Review and Information 2025
- After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds.
- MT4 provides a decent range of analytical tools and affords the execution of basic technical analysis, though its charting capabilities are rather cumbersome.
- We do not provide investment advice or solicitation of any kind to buy or sell any investment products.
- 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.
- worldtradex’s competitive edge is sharpened by its low spreads starting from 1.1 pips and the absence of commission charges, thus rendering trading with worldtradex as exceedingly cost-effective.
- My analysis indicates that worldtradex’s fees are above the industry average, and the broker offers limited client protection.
My tests indicate that worldtradex’s trading fees exceed the industry average. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000. They are thus suitable for the execution of longer-term trading strategies, such as day and position trading.
While the broker charges no commission, it provides a simple and straightforward list of Average spreads for various account types. Elevate your trading endeavors utilizing the revered industry-standard MetaTrader 4 or our innovative online WebTrader. Regardless of your trading proficiency, our platforms empower you to delve into diverse market prospects seamlessly. Leverage our MT4 or WebTrader to advance your trading acumen, benefiting from access to over 300 tradable instruments encompassing six distinctive asset classes, all consolidated on a singular, coherent platform.
If you discover yourself in such a predicament, take the subsequent measures to recover your funds:
Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. 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.
Explore our FAQs or navigate through categories to find comprehensive answers to your questions. Our zeal for innovation and relentless pursuit of excellence have driven us to embrace state-of-the-art technology and continuously refine our services and offerings. worldtradex fails to provide any information about its staff on its website and promise fake returns. These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform. worldtradex supports the MetaTrader 4 (MT4) platform, which is available across desktop, web, and mobile devices. Yes, worldtradex is available in Europe, but availability may vary depending on the specific country.
My Key Takeaways After Exploring worldtradex’s Research Content
Overall, worldtradex’s fee structure is designed to be both competitive and transparent, making it an attractive choice for traders looking to optimize their trading costs. With no deposit or withdrawal fees, no account maintenance charges, and competitive spreads and commissions, worldtradex provides a cost-effective trading environment that appeals to a wide range of traders. worldtradex is a well-established online trading platform that offers a compelling range of features and benefits to traders. With its robust regulation by the Seychelles Financial Services Authority, diverse account options, flexible spreads, and an array of educational resources, it stands out as a competitive choice in the trading industry. worldtradex’s comprehensive client support system is designed to provide traders with the assistance and information required for a successful trading experience.
- worldtradex provides access to a robust and versatile trading platform, designed to cater to the needs of all types of traders, from beginners to seasoned professionals.
- At MarketBulls, our commitment to delivering accurate, reliable, and comprehensive reviews is at the core of everything we do.
- Spread rates may vary based on market conditions and the type of account selected.
- They are thus suitable for the execution of longer-term trading strategies, such as day and position trading.
- worldtradex offers the MT4 WebTrader, which enables traders to access their accounts directly through a web browser without needing to download any software.
- We stand as a trustworthy companion in your trading expedition, ensuring each step is enlightened by knowledge, imbued with support, and enriched by unparalleled trading conditions.
Account Types
The broker offers multiple contact methods and strives to address queries and issues efficiently. worldtradex does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply. The broker has also issued a 3% inactivity fee that is charged whenever a client has deposited funds and then requested a withdrawal without having executed a single trade.
Additionally, the worldtradex group includes Damadah Holding Limited, which is based in Cyprus. Yes, introduce new clients and you may receive CPAs up to $750 and bonuses up to $10,000. Note that withdrawals can be made only using the same method used to fund the account. Here’s a balanced look at the Advantages and disadvantages of trading with the broker. Examine the latest Customer Reviews and Comments about the Top Forex Brokers written by real traders and Forex experts on a daily basis.
Order requests are transmitted to the interbank level, where worldtradex’s liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled at varying speeds. I did not find any specific feature in worldtradex’s offering to say that the broker is better suited for high-frequency or longer-term trading. The easiest way to get in touch with worldtradex is live chat, which is available from the bottom-right corner of the main page.
Opening an account with worldtradex is a straightforward and efficient process designed to get traders up and running quickly. The broker has streamlined the registration procedure, ensuring that clients can begin trading with minimal delay while still adhering to necessary regulatory requirements. While worldtradex is lenient with most fees, it does charge an inactivity fee for dormant accounts. If your trading account remains inactive for a specified period, typically 90 days, an inactivity fee is applied.
We are unwavering in our dedication to furnishing our clientele with groundbreaking products, acting as catalysts in realizing their trading aspirations. Our commitment is anchored in fostering a vibrant and adaptive environment, laden with all essential tools pivotal for a comprehensive trading experience. Trading financial instruments, including but not limited to forex, CFDs, stocks, and cryptocurrencies, carries a high level of risk and may not be suitable for all investors. The leveraged nature of these products can work both to your advantage and disadvantage.