It could be argued that MetaTrader set Worldtradex company reviews the standard for how retail platforms should be organized. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection.
worldtradexs’ support team is responsive…
Hi H Mansour,We really appreciate you sharing your worldtradex experience with us! It is a friendly platform, thanks to the Cent account type and its excellent educational resources. Additionally, I explored its reputation and found no red flags. Hi Enrique,Thank you for your kind words about Thomas. Our team is made up of dedicated professionals, and we’re proud to see that he provided you with exceptional service. If there was a fan club for the worldtradex broker, I’d definitely be a member or maybe even a moderator, because I really enjoy using this broker and know all the little details about it.
Fees
- I performed my tests on a Standard worldtradex trading account using the desktop and mobile app versions of the MetaTrader 4 platform.
- Actually, this was the first place where I started trading futures contracts on indices and soft commodities.
- worldtradex does not target residents of the EU where it is not authorized.
- Dear muhammed ,Thank you for taking the time to share your thoughts!
It doesnt have most ‘hype’ features though, doesnt even have crypto trading. They are purely focused on delivering the best experience in forex and stocks. That they do imo, pretty well – spreads are very small,mostly, especially once you get to premium or higher.
worldtradex Instruments Summary
You should avoid dealing with this firm and beware of potential scams. Verification can help ensure real people are writing the reviews you read on Trustpilot. They’ve been solid always with my gold tradign here, like the spreads aare awlays at market norm – and this is waht I need .To overboard wide spreads on this metal even when volatile. Robert is an experienced financial analyst based in California. If you have any more questions or requests, please don’t hesitate to contact us here. worldtradex fails to provide any information about its staff on its website and promise fake returns.
What markets are the most profitable for trading with this broker from the point of expenses, i.e. Fees?
- Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
- You can also expose broker scams you have encountered to warn others not to fall into their trap.
- You can check our Financial Services Register to make sure a firm is authorised and has permission for the service it’s offering you.
- Another difference comes from the CENT account, which is defined in cryptos, not in fiat currency.
- Every estep of the way with worldtradex has benen worth it.
- What’s wrong with this broker is that there is a warning issued against them by CNMV (Spain).
Additionally, they offer a free demo account to practice on their platforms. Dear Fred Markides,Thank you for sharing your feedback with us. Our team is here to guide you every step of the way and ensure you have the best possible experience with worldtradex.Best Regards, worldtradex ⚡️Empowering traders. I consider myself an adept trader, and I have extensive experience in the trading world.
Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. worldtradex has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies.
Hi Murtada Siraj Guirguis,Thanks for taking the time to share with us your feedback! We are always trying to improve our website and experiences for our customers.worldtradex ⚡️Empowering traders. I have been in financial markets for a while and I would not call myself a noob.
The only time the broker may charge a $55 handling fee is for withdrawals below $300. Withdrawal requests above this amount are free of charge. worldtradex works with multiple payment services to provide its clients with maximum flexibility. Deposits can be made via bank wire, credit or debit card, e-wallets, or crypto wallets. The broker does not charge deposits and withdrawal fees, except for withdrawals below $300.
Now, let’s take a look at the trading offerings provided by the broker. Perhaps worldtradex will indeed be able to raise the bar. In this review, we’re delving into worldtradex, a broker that claims to elevate your trading game to new heights. However, before you take the leap, let’s dig deeper and unravel the mysteries behind this platform. In a world filled with scams and dubious practices, it’s crucial to do your own research. One of the primary concerns with worldtradex is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others.
I have worked with a great relationship with the broker and I have always reached out to them and they replied promptly because they are always available and also they reply in a friendly manner…. The trading platform also supports its traders with a vast educational resources and tools to help fast track the process. The broker provides over 300 trading instruments across most major asset classes, offers diverse trading accounts, and incorporates the popular MetaTrader 4 platform.
In addition, worldtradex charges swap fees if the positions remain open overnight. Most trading companies that are even sponsors of some fantastic sports teams are regulated by those. Based on some worldtradex reviews conclusion is that this could make potential issues. Before we go any further, we suggest reading our brokerage reviews on Trade360, XTrade, and ET Finance.
However, the broker’s spreads on currency pairs are quite elevated. worldtradex and its services are generally geared towards copy trading. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. Overall, worldtradex is a well-regulated broker providing a secure trading environment for traders. Forex traders can trust worldtradex’s platform for safe and secure trading.
Company details
Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information. To sum up, I think worldtradex (Tradeco Limited) is not a safe enough forex broker. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.