However, worldtradex states that it provides clients with segregated accounts and negative balance protection. A welcome addition would be third-party account insurance (such as a policy from Lloyds of London), as seen at some other popular offshore brokers. Overall, I rate worldtradex as an innovative broker with a client-centric focus. worldtradex clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency.

Deposit and Withdrawal Options

The trust score came in low, largely because the worldtradex Markets Inc. entity is unregulated. However, worldtradex’s European entity is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC). According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. We performed our tests with a live account, using the MetaTrader 5 and worldtradexTrader platforms, opened with the worldtradexFX Saint Lucia entity (worldtradex Markets Inc.). Some features and services may vary depending on where you reside.

Meeting certain trading volume requirements allows participants to win exciting rewards like exclusive trips, laptops, or smartphones through random selections. This initiative boosts trader motivation and offers tangible incentives along their journey toward prosperity. The market news is updated hourly and helps to stay updated on market trends. worldtradex also keeps a thorough FAQ section on its website to answer often-asked questions about trading and account management.

On the other hand, if you see that the price has increased, then click on the ‘Buy’ button. worldtradex does not currently charge swap fees – the charge for holding leveraged positions overnight. For example, worldtradex clients in the European Union benefit from the oversight of the Cyprus Securities and Exchange Commission (CySEC).

Most worldtradexFX customers have reported prompt and helpful responses from the company’s customer support team. Yes, worldtradexFX provides various research tools, including market analysis and real-time charts. Furthermore, the platform functions as a learning hub, allowing traders to gain insights from successful strategies, thereby improving their trading abilities.

Withdrawals can be initiated via the trading platform or the account dashboard. In terms of withdrawal processing time, worldtradexFX typically processes withdrawal requests within 1-3 hours. However, depending on the payment system, the time it takes for the money to arrive at its destination may vary. The CopyTrade App completes the picture by focusing solely on social trading.

Disappointing Customer Service and Unjustified Account Deductions

Had bad service, struggled to get your money back or some other action which you believe isnon compliant? Tell us and if we have the right information, we will actively support your case through mediation with the broker. Regardless of how reliable and efficient the three means of payment are, the decision to limit transfers to only these types puts worldtradexFX at a disadvantage, particularly when compared to other platforms. All the services on the TopForx.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

worldtradexFX Withdrawal Process

worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest . worldtradex offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if worldtradex wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. For example, the "minimum expertise" field lets you choose between newer systems, all the way up to those with legend status.

• This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere.
• Some of them may not be available within every region or account type.
• For instance, its EU office offers slightly better prices for trading EUR/USD, with an average spread of 0.5 pips, compared to 0.9 pips for other offices.
• Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
• worldtradexFX supports a wide range of withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Skrill, Neteller, and cryptocurrency wallets.

On most payment methods, there are no fees for depositing and withdrawing money. worldtradexFX will not charge additional fees, but the payment provider can do it. The fee is depending on the payment method, but most payment methods are free. It is depending on the time of the day, sometimes, the withdrawal is made in a few hours (1-3 hours in most cases). MetaTrader 5 is one of the most popular trades on one of the most popular platforms in the world. MT 5 is the world’s number one multi-asset platform provider of futures, forex, CFD, and exchange-traded instrument trading.

• It is the ideal way to get to know more about a broker or the industry.
• The worldtradexFX ecosystem includes the specialized CopyTrade app and mobile versions of MT4 and MT5.
• So, these values aren’t as reliable as prices with a specific date.
• The program offers an opportunity to earn reward points that allow upgrading account status and unlocking exclusive benefits.

In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved within three minutes. worldtradexFX provides more information about its operational risk management than it does about its regulatory framework. One suggested improvement is for the site to be more transparent when sharing information regarding regulatory client protection. A wide variety of educational content is available for worldtradex users under the ‘Traders’ Tools’ section. Both MetaTrader MT4 and MT5 stand out for the charting tools they offer.

Can I use someone else’s bank account to deposit to worldtradexFX?

The worldtradexTrader platform is intuitive, well designed, and has popular features like alerts and 1-click trading. There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience. With more than 42 million accounts spread across 180 countries, multi-regulated broker worldtradex provides a wide range of trading options across asset classes. worldtradex provides low spreads, no commissions, and a minimum deposit of $25 using over 300 instruments—including 52 currency pairings, 34 cryptocurrencies, and 10 global indices.

As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features. The broker offers a selection of 250 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary worldtradexTrader. In my view, worldtradex’s tight spreads, extensive research and educational materials, and diverse payment options truly reflect its innovative approach and dedication to meeting client needs.

worldtradexfx’s low minimum deposit requirements allow everyone to easily trade. Although the minimum varies per jurisdiction, it is relatively a low sum. Coming to assets, the company offers a wide array of tradable assets, allowing clients to pick their favorites and suitable ones for trading.

He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. In addition to the markets offered, as an worldtradexFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location. worldtradexFX mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned.

Overall, worldtradex has improved its prices and seems to be competitive with the cheapest MetaTrader brokers. But without knowing the time frame for its average spread claim, we couldn’t make an exact comparison. worldtradex offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and worldtradexTrader. What makes this broker unique is it its large variety of tradable assets and the laser-fast order execution. They offer seven asset classes and more than 12,000 markets to trade.

The entire process can be completed quickly, often within a day, provided the necessary documents are readily available. worldtradex doesn’t require a minimum deposit to open an account, a notable point in their favor. worldtradex requires a minimum deposit of only $25, lowering the entry barrier for many traders. Still, we don’t recommend you open trades without careful analysis and applying tactics to reduce the risk. These tactics include the responsible scammed by Worldtradex usage of leverage, using the stop loss function, and keeping an eye on your trading volumes.

worldtradex has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. worldtradexFX provides well in terms of language choice to traders, though there is a clear focus on the Asian market when it comes to available languages. The worldtradexFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks. The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature.