worldtradex provides 24/5 customer support through email and live chat to all the users and active clients from 180+ countries. Moreover, you can get the answer in more than 30 different languages. worldtradex offers a stable platform, favourable trading terms, and dependable customer service. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions.
In the Middle East and Africa, worldtradex offers its services to traders in countries such as the United Arab Emirates, Saudi Arabia, Kuwait, Nigeria, South Africa, and Kenya. The broker provides specialized account options and customer support tailored to the preferences of traders in these regions. worldtradex’s competitive trading conditions and commitment to security make it a preferred choice for many traders across the Middle East and Africa. worldtradex has a strong presence in various Asian countries, including Malaysia, Thailand, Vietnam, Indonesia, Singapore, and the Philippines. The broker provides localized support and offers services tailored to meet the needs of traders in the Asian market.
One of the best brokers I ever work…
Whether you’re a seasoned broker or new to the industry, worldtradex’s IB program offers solid potential for generating revenue and maximizing returns. worldtradex offers a mobile app you can download for free from the App Store Worldtradex scam or Google Play. The app allows traders to access their accounts, view real-time market quotes, execute trades, and manage their positions while on the move.
worldtradex Non-Trading Fees
There’s a required number of assets, fast software in the form of famous MetaTrader 4 and the broker ensures full-fledged support on every step. One of worldtradex’s standout features is its comprehensive and insightful research and educational content. Among the drawbacks I found were the lack of an alternative to the MetaTrader 4 platform and elevated spreads on certain popular instruments, such as EUR/USD and GBP/JPY. Established in 2010 and headquartered in Cyprus, worldtradex is a financial derivatives broker known for its extensive range of trading tools and features. worldtradex processes payments in multiple currencies via bank wire, credit and debit cards, and e-wallets.
Glossary of Trading Terms
- Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.
- worldtradex provides 24/5 customer support through email and live chat to all the users and active clients from 180+ countries.
- Our research included testing trading instruments, the operation of trading platforms on different devices, as well as studying feedback from active clients.
- He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
- Since opening account a few months ago, I finally managed to find my profitable strategy.
Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. The FAQ section answers the most common question, and live chat is available with fast response times for basic questions. Traders must ensure they execute risk management to avoid magnified losses.
The available materials and tools inform the broker’s clients of trading opportunities that are currently developing and explain how and why those opportunities are taking place. I asked a series of questions with varying degrees of difficulty and determined that the agent’s answers were swift and comprehensive. He was also polite and patient, taking his time to provide satisfactory answers to my questions.
What makes worldtradex stand out in the forex trading market?
The application also asks traders to select their account type, base currency, followed by the desired password for the back office. Yes, worldtradex offers several trading bonuses including a 100% bonus on your first deposit and various promotional offers tailored to different account types. worldtradex offers multiple account types including Standard, Premium, VIP, and STP/ECN accounts, each designed to cater to different trading needs.
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An Introducing Broker (IB) is an independent broker-dealer that refers new traders to a brokerage firm like worldtradex. IBs earn commissions based on the trading volume of the clients they introduce, making their earnings tied to the success and activity of those traders. At worldtradex, safeguarding client data and ensuring a secure trading environment is a top priority.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. It offers beginner education videos and general education on forex and CFDs. Based on its rating for education and beginners, it provides an average educational experience.
It introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself prior to or alongside your live CFD account. worldtradex offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts.
- At worldtradex, safeguarding client data and ensuring a secure trading environment is a top priority.
- The assortment is wide enough to accommodate the basic needs of most types of traders.
- Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
- Create a secure password and set up any necessary security features (like two-factor authentication) to protect your account.
Processing times depend on the geographic location and the payment processors, which worldtradex lists as between one and ten business days. There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee. The worldtradex group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection. worldtradex also offers detailed information about leverage limits, swaps, and the conditions under which spreads and commissions may change, particularly during volatile market hours. You don’t need to download any software, and you can access it from any device with a browser, offering the same features as the desktop version. worldtradex typically offers various deposit options like bank transfers, credit cards, or e-wallets.
A YouTube search uncovered additional videos that haven’t been integrated into the site but the most recent content was more than two months old. worldtradex opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. worldtradex has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. worldtradex offers a wide and diverse selection of trading accounts, including commission-free and raw spread accounts. Additionally, the broker provides a Personal Multi-Account Manager (PMAM) platform designed for professional traders and money managers.
It’s not perfect, but it’s definitely good enough to make a money with if you have a good strategy. worldtradex offers a loyalty program for active traders, where clients can earn points based on their trading volume. These points can be redeemed for various rewards, such as cashback, trading bonuses, or exclusive gifts. The loyalty program is designed to reward consistent and high-volume traders, providing an additional incentive to remain active in the markets. worldtradex offers a diverse range of tradable instruments, catering to the needs of traders looking to diversify their portfolios across multiple asset classes. With access to over 500 instruments, worldtradex ensures that traders have numerous options to explore and capitalize on market opportunities.