Over four million traders trust worldtradex for global market access. worldtradex puts user experience first, offering negative balance protection to all. They provide CFDs and other instruments, including popular indices. Notably, worldtradex doesn’t charge fees for fast deposits and withdrawals. Overall, we think worldtradex is an innovative broker that really cares about its clients. The MT4 account, also called traditional account, is an account type used by new and experienced traders alike.
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The demo account helps them boost their trading confidence before going live. worldtradexFX offers a free demo account to new forex beginners to practice trading in forex with no limits. It acts as a real account except no real funds are invested, virtual funds and virtual profits or losses allow investors to apply and follow different trading strategies and find the best one that works for them. Through this worldtradexFX review 2024 we’ll have a look at major points to be covered about the broker, Is worldtradexFX a scam or legit?
worldtradexFX is regulated by both the FSCA and CySEC, ensuring compliance with financial standards and regulations. For instance, worldtradex’s clients in the European Union get watched over by the Cyprus Worldtradex forex brokers reviews Securities and Exchange Commission (CySEC). CySEC makes sure clients won’t lose more than what they deposit. Bitcoin and cryptocurrencies can be traded on worldtradexFx but not bought outrightly. Bonuses of 10%, 20% or 50% can be claimed on each deposit with worldtradexFx but there are even bigger bonuses available during holidays and other limited-time events. More in-depth issues can be addressed by sending the broker an email.
Champion Demo Contest
- The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks.
- worldtradexFX MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools.
- The broker’s website, worldtradexfx.com, has over 12 million trading accounts opened by clients from all over the world.
- Please be aware that trading in financial assets with worldtradexFX carries a risk of loss.
To expand its services to include international clients, worldtradex Markets Inc has included a registered office in St. Vincent and the Grenadines. In line with the expansion of services, worldtradexFX as the main brand was previously known has now rebranded into worldtradex as of September 2023, embarking on the next step by streamlining corporate branding. worldtradexFX is operated by worldtradex Markets Incorporated, which is registered in Saint Vincent and the Grenadines. That enables the broker to offer higher leverage, certain beneficial trading conditions and bonuses, which most local regulators do not allow.
- Choosing the right broker is essential to ensure your worldtradexFX investments grow and flourish.
- Bonuses of 10%, 20% or 50% can be claimed on each deposit with worldtradexFx but there are even bigger bonuses available during holidays and other limited-time events.
- Every worldtradex client can participate in the Champion Demo Contest by trading in a demo account.
- Whatever you are looking to trade, the varying worldtradexFX account types will be able to provide you with what you need.
Tips for identifying Forex trading scams
We hope, that reading all of the worldtradex reviews you will find the answers to your questions. In case you don’t, please feel free to contact us via Our dedicated 24/7 support team is available in English, Indonesian, Malay, and more. Yes, worldtradexFX offers tight spreads on popular instruments and features like 1-click trading, which are beneficial for scalpers. The worldtradex MetaTrader 5 (MT5) platform is user-friendly and has new features. However, automated trading scripts like expert advisors aren’t supported.
Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring worldtradexFX’s platform. worldtradexFX has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.
worldtradex is an international broker providing online trading services since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 160 countries with more than 42 million trading accounts. SwissQuote prides itself on having a legacy that supports the democratization of trading and finance. The MT5 account, also called innovative account, is an account type for clients with trading expertise.
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worldtradexFX has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, worldtradexFX will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like worldtradexFX, you can enjoy peace of mind and focus on your trading activities.If worldtradexFX violate any regulatory rules their regulated status could be stripped.
It’s essential to complete the worldtradexFX KYC compliance process as soon as possible to avoid any delays in accessing the worldtradexFX platform’s features. While learning, you can also use global trading times to practice making live buy or sell trades using worldtradexFX. This hands-on experience can help you gain confidence and become more comfortable with trading. Even if an worldtradexFX trader experiences a significant loss, they will never owe more money than what is available in their worldtradexFX account balance.
Additionally, the broker has a license from the FSA (St. Vincent and the Grenadines) for clients outside of South Africa and the EU. Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions. However, remember that you won’t be able to make trades on worldtradexFX until you have passed compliance, which may take several days, depending on your circumstances.
Whatever you are looking to trade, the varying worldtradexFX account types will be able to provide you with what you need. Trading Centrals Alpha Generation Indicators can help worldtradexFX traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing worldtradexFX traders to potentially stay one step ahead.
This option is especially valuable for those who want to learn currency trading and start making additional income simultaneously. worldtradexFX is powered by MT4 and MT5, which have a reputation for being some of the most profound trading platforms. MT4 represents the best choice for those who have just started trading. In comparison, MT5 features in-built tools for a deeper technical analysis and professional trading experience. As a Forex broker, worldtradexFX is distinguished by some of the most appealing trading conditions in the market, with no swaps and the lowest spreads in the industry. The broker also offers a copy trading option, which allows copying professional traders’ actions and thus learning to trade and making additional income simultaneously.
This was achieved through a pyramid scheme that promised victims the chance to “make” money by recruiting others into the scam. According to the UK government’s company directory, Pavel Prozorov lives in Spain, and his company registered in the UK, by the name worldtradex Markets UK LTD has a dissolved-company status. The Mumbai ED filed a prosecution complaint against worldtradexFx, under the Prevention of Money Laundering Act (PMLA) Act.
Using Autochartist can save worldtradexFX users time and makes the trading process more efficient. The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment. You should take the security of your personal information seriously and check SSL encryption is enabled on the worldtradexFX trading platform to protect you on PC and mobile worldtradexFX platforms.
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. When it comes to withdrawing your funds from worldtradex, all accounts can use Bank Wire Transfer. worldtradex covers withdrawal fees, and you can expect to receive your money relatively quickly. While worldtradex usually confirms withdrawals within 1-2 business days, remember to allow extra time for your bank to process the transaction. Lastly, low spreads, user customized account types, 0% commissions, fast payouts and a rich educational library are the company’s strong points.