For instance, using CFDs, you use the WorldTradex trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed. The next step involves submitting identification documents for WorldTradex account validation and making a deposit. Once completed, WorldTradex users can download the trading platform of their choice.
Is WorldTradex A Good Broker?
Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, WorldTradex ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability.
All clients receive the same trading conditions, and all trades are executed immediately, with no delays or re-quotes. The broker is not a market maker, which differentiates it from Dealing Desk brokers. Client trades are executed with counter-parties, meaning WorldTradex is firmly on the client’s side. The Vanuatu Financial Services Commission (VFSC) provides WorldTradex with a competitive regulatory environment for international clients.
I have had a good experience with WorldTradex
But when examined closely, one cannot find much disparity between them. All of them have similar basic features without much alteration. The minimum deposit of the standard account is as high as $10,000. In this account, only 30 instruments are offered for trade, and leverage is low too. The broker claims to have regulations from multiple authorities.
How do I know I can trust these reviews about WorldTradex?
Reviewing WorldTradex terms and conditions to understand the commission fees and any other charges that may apply is essential. You can sign up for a demo account to acquaint yourself with WorldTradex platform. Trading online with WorldTradex requires an https://worldtradex.site/ understanding of what you are doing. It can be challenging and requires significant research and understanding of the WorldTradex trading tools and features.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. With the advent of online trading platforms and the democratization of financial markets, scammers have seized the opportunity to exploit the enthusiasm of eager investors.
What is the min. deposit for WorldTradex?
- By doing so, traders can trade with peace of mind, knowing that WorldTradex losses are limited to the funds available in your WorldTradex account when negative balance protection is in place.
- Conditions are suitable, products’ range is wide and support team is friendly and willing to help.
- WorldTradex adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money.
- MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts.
- There are multiple functionalities, all trapped in without any structure or system.
- All funds deposited to WorldTradex are held in segregated bank accounts for security.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You must also ensure the WorldTradex broker’s profile, trading tools, fees and regulation aligns with your needs and goals. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee.
- It fully supports automated trading and is one of the most versatile trading platforms available.
- If you decide to close your WorldTradex account, it’s important to do so with the WorldTradex broker customer support and obtain confirmation that no remaining WorldTradex fees are due.
- Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes WorldTradex more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100.
- The multiple industry awards are also a reassuring sign for us.
- To further enhance security, we encourage traders to always look for the lock sign on their browser when using WorldTradex web trading platforms.
I also find the FAQs section on the website a useful way to solve basic queries. WorldTradex, from online reviews and forums, is personified as a provider of high quality with a positive rating. Among its transparency, and customer service, which are generally reviewed not to be very high, how it executes its services was the only thing that was not questionable. WorldTradex provides unparalleled account choices such as zero-fee ECN and competitive spreads, a subset with incredibly low costs. It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings.
To see a list of the top MT4 brokers, see our comparison of MT4 brokers. It’s recommended that you check the WorldTradex website before signing up. If you decide to close your WorldTradex account, it’s important to do so with the WorldTradex broker customer support and obtain confirmation that no remaining WorldTradex fees are due.
WorldTradex
I would have never guessed that this old broker would be able to provide crypto pairs for trading. WorldTradex Markets Ltd falls into the category of UNREGULATED platform. When choosing a platform, caution is warranted if the company lacks regulation by any overseeing agency.