You can discuss forex and cryptocurrency related news, ideas, strategies and analysis here. You can also expose broker scams you have encountered to warn others not to fall into their trap. ✨ We are always working to improve our customer service, and we’re glad to hear that Worldtradex you’ve had such a great experience with us.Worldtradex ⚡️Empowering traders.
Registration and Client Portal Review
In addition, its low fees and costs make it a good choice for beginners and professionals. With such advanced security and protection of clients and their funds. Worldtradex is a legit forex broker with the regulation of the SFSA. SFSA is the governing body, and this makes its guidelines most significant for trading.
- FCA has also issued a warning against this broker.
- They cannot provide any details regarding their regulations and registrations.
- The CENT account, which is specified in cryptos rather than in fiat money, is another source of distinction.
- First, these companies operate without the scrutiny of a recognized financial authority, meaning they are not held to any standards of transparency or accountability.
- There is also an inactivity fee of $50 if the account is not used for one year, which will result in it being closed and the balance being written off.
What Does It Mean If a Company Is Unregulated?
We can help anyone understand which company can be marked as a scam and which is reliable for investment. Although the company is regulated by an offshore regulator, it offers unprofitable trading conditions, e.g., high leverage. Most other features are unavailable, and educational materials are of poor quality. Hello Riley Barnes,Thank you for your positive feedback! We’re dedicated to providing our clients with a wide range of educational materials, and we’re thrilled to hear that you have found our webinars to be helpful. We believe that education is a crucial aspect of successful trading, and we’re here to support you in your journey.
Since all reviews could be made up, especially positive ones we are questioning all of this. So, wherever you are coming from think twice and double-check everything before investing. Assessing the safety of Worldtradex requires careful consideration.
Key Worldtradex Trading Features
It is also odd that there is no mention of an affiliate program. Apparently, the company does not offer such an option. This is surprising, as it could help the broker attract new clients while allowing traders to earn rewards independent of their trading performance in financial markets. What stands out the most is the lack of specific information about the broker itself. For instance, the Worldtradex website supports 12 languages in addition to English, covering both European and Asian markets.
Primary markets
Worldtradex is an online trading platform that offers access to various financial instruments, including forex, commodities, indices, shares, and futures. Operated by Tradeco Limited, Worldtradex has garnered attention in the trading community. This article delves into the legitimacy of Worldtradex, examining its regulatory status, user experiences, and operational practices. While Worldtradex offers a range of trading instruments and utilizes the reputable MT4 platform, several factors raise questions about its legitimacy. The broker’s regulation under a Tier-3 authority, combined with warnings from the FCA and mixed user reviews, suggest that potential investors should exercise caution. It’s advisable to conduct thorough research and consider brokers regulated by Tier-1 authorities to ensure greater protection and peace of mind.
Remember that Worldtradex operates as a dealing desk. This is confirmed by the narrow spreads and lack of commissions. A real intermediary earns through commissions, but here it’s different. So, there’s no point in working with such a company; it will work against you.
- We use dedicated people and clever technology to safeguard our platform.
- Notably, the FCA has issued a warning against Worldtradex, stating that the firm may be providing financial services or products without proper authorization.
- Therefore, it can be assumed that the platform was launched in 2022.
- To sum up, I think Worldtradex (Tradeco Limited) is not a safe enough forex broker.
- Next, Worldtradex informs that the application is under review, but after this, the personal cabinet is still open.
- Worldtradex is part of Tradeco Limited registered in Seychelles.
However, customer reviews of Worldtradex.com are contradictory and typically negative. Therefore, let us verify if the company is a scam. The broker offers both the MT4 (MetaTrader 4) and Worldtradex trading platforms. MT4 is a widely recognized and widely used platform in the industry.
The interface of the terminal is simple, with limited features offered. Liquidity issues are obvious and are directly related to leverage and financial losses incurred by clients. Stability in the terminal is poor, and there are significant delays in order execution. Clients who trade with this broker enjoy the luxury of trading with fixed spreads. For the basic accounts, the spread is 1.8 pips, while the Privilege account reduces the spread to 1.1 pips.
In conclusion, Worldtradex raises several red flags that should not be ignored. The lack of regulation, unverified performance claims, and numerous customer complaints suggest that caution is warranted when considering this platform for trading. To gain a comprehensive understanding of Worldtradex’s reputation, it’s essential to consider customer complaints and negative reviews.
We use dedicated people and clever technology to safeguard our platform. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Hello Rachael Ford,We are so grateful that you took the time to write this excellent review! Much appreciated.😃Worldtradex ⚡️Empowering traders. Hello Pancrazio,We are so grateful that you took the time to write this excellent review! Hi Helen E.,Thanks for taking the time to share with us your feedback!
Worldtradex began with the motive of providing speed for trading, so to keep to its promise, it has a modern methodology of fast trade executions. It tries to bring the fastest trading process possible. The broker is https://worldtradex.live/ unique for its services, and here we have the best features mentioned below to know its advantages.
If you are interested in trading online, you can take a look at our best trading brokers for some options. Unregulated brokers lack oversight, making it easier for them to engage in fraudulent activities. Your funds are not protected, and recovering losses is often impossible. You shouldn’t trust such firms because they operate without serious regulation.
