worldtradexFX Review 2025 Is worldtradexFX Legit or Scam?
Yes, worldtradexFX provides a variety of risk management tools, such as stop-loss and take-profit levels. worldtradexFX also launched worldtradexTrader, a proprietary web platform designed to provide essential trading functionality simply. Another point to consider is worldtradexFX’s advantage in market research, as it provides slightly higher quality content in its Market Insights section. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
Testing worldtradex’s Customer Support
- The accounts can be opened in a limited choice of currencies, USD and EUR.
- You only pay the built-in spread, which starts from 0.9 points on certain stocks.
- With 54B+ trading volume and 933K+ positions opened, Alvexo has grown to accommodate an ever-growing 300K+ members.
- The broker offers a variety of platforms, including MetaTrader 4 and MetaTrader 5, to accommodate both novice and experienced traders.
- The promo codes, according to their customer support, is a unique offer for some new clients.
The EU entity of worldtradex clearly states its regulatory status in the website’s footer. The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page. However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity. In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall. This section will cover how the different entities of worldtradex are regulated and how this impacts you as a trader.
Delayed withdrawals
While worldtradexFX provides educational resources like webinars, eBooks, and video tutorials, there’s always room for improvement. Yes, most of worldtradexFX’s educational content is free to registered users. Deposits made on regular business days (Monday to Friday) will be processed instantly or within 1-3 hours. Meanwhile, deposits made on weekends will be processed the next Monday morning. Dormant accounts are exempt from any charges related to inactivity. worldtradexFX provides a transparent performance history and trader rankings, ensuring you have all the information you need to make an informed decision.
Pros and Cons of worldtradexFX Deposits and Withdrawals
worldtradexFX offers a 50% deposit bonus for new and existing clients with free margin increases, automatic payouts, and withdrawable profits. Traders can track the status of their withdrawal requests by logging into their worldtradexFX account or contacting customer service. Yes, worldtradexFX runs promotions or offers from time to time that may reduce trading costs. The spread already encompasses worldtradexFX’s broker fee; hence no commission fees are charged. Furthermore, worldtradexTrader is accessible via desktop, web, and mobile devices, allowing traders to trade on the go.
Copy Trade and Investment Options
With 24/7 availability, multilingual support, and comprehensive resources, worldtradexFX ensures traders receive the guidance and help they need at any time. Emirati traders who use the MT4, MT5, and worldtradexTrader platforms are eligible for cashback rebates. 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.
- CFDs on currency pairs, equities, indices, commodities, etc., on the go.
- Most worldtradexFX customers have reported prompt and helpful responses from the company’s customer support team.
- Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out worldtradex’s educational offering.
- worldtradex does not charge deposit fees, and processing times range from instant to a few days.
These are all useful and important tools to utilize for any forex trader on all platforms and brokers. Taking a look at the CFD markets available from worldtradexFX, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type.
Therefore, it is doubtful that the ‘worldtradex scam’ is a correct evaluation of the our activities. worldtradex is powered by its own platform—worldtradexTrader, 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 built-in tools for a deeper technical analysis and professional trading experience. When considering both price structure and range of instruments to trade, the MT5 Pro account is generally the best of the three options. The cTrader account is not far off but is limited to 28 forex pairs and 2 metals markets but offers a differential by being a commission-based account.
How does worldtradex make money?
This function gives pertinent insights in real-time, hence improving decision-making. The technology also ensures quick order execution and device synchronization, therefore enabling traders to move between desktop and mobile easily. Beginning and expert traders can use the worldtradex web platform because of its easy-to-use interface. It lets customers make rapid and effective trades without unnecessary complexity, therefore supporting complex trading activities. Providing access to sophisticated charting tools and technical indicators, the platform effortlessly connects with MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The account opening is easy to follow, trading conditions are good, along with the platform selection and a range of instruments offered.
IC Markets Global
worldtradex has good educational and training tools for beginners as well as expert traders. According to data, traders using worldtradex’s educational content tend to make a larger profit which is indeed a benefit. worldtradex research upholds elite-level online training & education quality that is grounded firmly on empirical and social science.
Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. 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. worldtradexTrader is a built-in trading platform available on the web and as an app.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Minimum deposits at worldtradex will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which worldtradex entity you choose for establishing your trading account.
The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag. I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI. 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. I’d like to have seen an option for bank transfers as I feel most secure about this process.
As an ECN (Electronic Communications Network) broker, worldtradex delivers tight spreads and fast execution speed by matching your order with Worldtradex website the best offer from another trader on the network. This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
Trading hours are the times when a particular asset is available for trading. With worldtradexFX every asset except for crypto is available for trading on a 24/5 basis, Monday – Friday. This applies to all markets including forex, commodities, and cryptos.