The WorldtradexFX.com website is registered under Uni Fin Invest regulated and licenced in Mauritius by the FSC, traders can experience alternate leverage ratios and bonuses depending upon where in the world you are. With Worldtradex, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies. Worldtradex operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as Worldtradex Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels.
Tailored to cater exclusively to proficient traders from diverse financial backgrounds within the UAE, the MetaTrader 5 account proffers avant-garde trading instruments and exceptional trade conditions. A demo trading competition offered by WorldtradexFX presents Emirati traders with a secure place to hone their trading strategies and techniques without financial risk. This opportunity enables participants to build expertise while competing in the contest. Worldtradex Customer support operates on a 24/7 basis, and the languages supported by the customer support staff are Hindi, Malaysian, Indonesian, Urdu, Chinese, English, German, Portuguese, Spanish, Vietnamese, Thai. It ticks many boxes for traders, who can access it through the live chat, email, phone, or by using an enquiry form. NBP — the Worldtradex management/trade order system ensures that the client cannot lose more than the initial deposit in their account.
This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. To show their commitment to mobile trading, WorldtradexFX offers users a bonus on all first-time deposits made through the trading app. This includes a 50% bonus on the user’s margin, which allows you to take on larger positions but as with any broker it is always advisable to thoroughly read the small print before committing. The minimum deposit that qualifies for this promotional offer is $50. I’ve been using WorldtradexFX for about eight months and, on the whole, my experience with their trading platforms has been satisfactory.
Trading Platforms
Yes, you can have both types of accounts open simultaneously with WorldtradexFX. Remember, your earnings from the WorldtradexFX Affiliate Program are commission-based and directly proportional to the trading volume of those who join WorldtradexFX through your referral link. Your commission is calculated as a percentage of your trading volume. Furthermore, the program provides many marketing tools to help affiliates promote WorldtradexFX more effectively. Affiliates can earn up to 50% of WorldtradexFX’s revenue share under the terms of the agreement.
- Accessing the bonus is a straightforward process and can also be configured automatically.
- The major forex pairs are offered, yes, but almost no emerging markets are.
- Yes, WorldtradexFX has a mobile application, so traders and investors can quickly get the advantage of working on the trades and positions from the comfort of their phones only.
- With a strong focus on the Asia-Pacific region and a growing global presence, Worldtradex has earned numerous awards for its services.
Clients can maximize the opportunity stemming from an availability of popular indices, inclusive of NASDAQ, Nikkei, Euro Stoxx 50 and others. Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise. 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.
WorldtradexFX Live Chat Support
It’s great to hear you appreciate our zero swap and zero commission offerings, fast deposits and withdrawals, and responsive support team. WorldtradexFX is worthy of investment, and there are various reasons to believe so. First, it was founded in 2011 and offered excellent opportunities to traders and investors so they could efficiently work on the trades. It also supports copy trading, one of the prime advantages of dealing with this online brokerage platform. Worldtradex does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment.
WorldtradexFX Overnight Fees
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in Worldtradex the U.S. as a Commodity Trading Advisor (CTA). When opening my account I was given the option of only using USD as the account base currency. Although you can deposit with your local currency, it gets converted to USD regardless. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS).
The Micro account comes with the MetaTrader 4 platform and floating spreads start from 0.4 pips. If you want to open a fixed spread account, WorldtradexFX will accommodate you as well, but the fixed spreads will start with a minimum of 2 pips. By contrast, the Pro account only offers variable spreads that start from 0.2 pips.
- Inactivity fees are not just charged by brokerage companies but also many financial services.
- Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution.
- It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others.
- Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account.
- Additionally, approximately 30 cryptocurrency assets are available (also during weekends).
Minimum Deposit
Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. WorldtradexFX is a financial broker with more than 40 million accounts opened on it. Finally, WorldtradexFX cannot accept clients from certain regions including the U.S.. If you are in one of these regions then you should take a look at someof the other great forex brokers and find another broker to suit. In addition to this, the customer support team is multilingual, offering support in languages including English, Malay, Indonesian, Thai, Hindi and Urdu. The firm has a good basis for its research offering due to the fact it offers a bit of all main content types including some from third party providers.
Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD. It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders. The broker has also been operating for 12 years, which is a strong signal of safety in my book. I think having Worldtradex Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade. At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold. If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style.
Money Protection
Worldtradex provides a fast service for its withdrawals by sending your funds within 30 minutes after being approved. Approval of the funds can take from 1-3 hours depending on when https://worldtradex.world/ you make a request. I thought the research provided by Worldtradex was decent as they offered chart and candlestick patterns like doji candlesticks and wedges, or highlighting support and resistance levels to trade. The analysis was well presented on the charts and the commentary was easy to understand and follow, even if you’re new. You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge. This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question.
Is account verification mandatory with WorldtradexFX?
As WorldtradexFX is a CFD broker, you will be trading on margin and using leverage. This will mean that although your gains will be higher, unfortunately your losses will be too, due to the leverage. The broker is required to contribute towards a shared investor protection fund. This fund will be there to protect all accounts that hold $20,000 or more in the event of insolvency. This is regulated by the concerned authority in Cyprus, the Cyprus Securities and Exchange Commission (CySec).
The cTrader site has a nice aesthetic and intuitive functionality. The range of pop-ups and notifications about system upgrades or services ‘coming soon’ create an atmosphere of a site that is either going places or one that is not quite finished. It may be the former of those two options as what is in place already is fairly impressive; as demonstrated by the base language of the platform being able to be set in one of twenty-three different languages. Spreads are widest on the MT4 Micro account and there are also fewer instruments to trade through this account.
Clients can opt to trade using ECN portals, which take the quality of execution up a level. The choice of trading platforms means users can select the best fit for them. In this review, the FXStreet team presents an independent and comprehensive analysis of Worldtradex, grounded in direct testing and real user experiences.
Therefore, it is doubtful that the ‘Worldtradex scam’ is a correct evaluation of the our activities. The trading conditions are very good and the trading fees are low. The customer support on WorldtradexFX was awarded multiple international awards and is fast, efficient, helpful, and knowledgeable in our experience. There are two main options to contact customer support 24 / 7, via live chat or e-mail.