Another surprisingly good thing about this broker is that it offers the MT4 platform. Very high efficiency, fast executions and vast trading tools. Once you get used to this one, you don’t look for a change. The time it takes to process withdrawals can depend on the chosen method and other factors, and traders should consider their individual needs and circumstances when selecting the most suitable option for their transactions. worldtradex offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders.
I wouldn’t recommend anyone to trade with this broker.
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- worldtradex is a trade name of Tradeco Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD029.
- While it may lack innovation or standout features, it does provide all the necessary functions for managing one’s trading account.
- Maybe that’s just how my trading went but based on the hard sell 2 days into opening the account and the inappropriate communication from them, I would not recommend them.
- He ended the call saying he wouldn’t look after my account as he would others.
- It is important to highlight the potential drawbacks of this offshore jurisdiction.
They have the system of bonuses too but I don’t even use them. worldtradex offers a diverse range of investment opportunities, making it a competitive player in the online trading brokerage industry. Here, we’ll delve into worldtradex’s offerings, compare them to other brokers, highlight its strengths, areas of improvement, and address the availability on various platforms.
Traders with highly specific investment preferences might find more https://worldtradex.blog/ tailored options elsewhere. The minimum deposit requirement for investing with worldtradex may vary according to the trading conditions and account types. In terms of communication, worldtradex offers email support, live chat, and a contact form. However, it is worth mentioning that the broker does not have a physical office. Only a legal address is provided, which may limit the ability to engage in direct face-to-face interactions or visit a physical location for assistance or resolution of issues.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. We conducted a domain registration check and found that worldtradex acquired its domain only after 2018, despite the domain itself being relatively old. Unfortunately, the registration date of the company is not specified in the public registry, making it difficult to determine its establishment year. The official website of worldtradex can be described as simple and unremarkable. The design lacks vibrancy and fails to leave a lasting impression.
Client Reviews
Therefore, in the light of what I have just explained to you, I invite you to proceed with extreme caution and carry out the appropriate checks if you decide to invest capital with this company (we strongly advise against it!!!). Verification can help ensure real people are writing the reviews you read on Trustpilot. 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.
If we start from a license, FSA is not like Tier 1 regulators FCA, BaFin or ASIC. Those are the most reputable ones with very strict rules. We wanted to check if worldtradex has any of those, and as you could guess yourself, they don’t. Before we go any further, we suggest reading our brokerage reviews on Trade360, XTrade, https://worldtradex.site/ and ET Finance. If, on the other hand, you would like specialized advice with one of our crypto lawyers for online scam, do not hesitate to contact us, we will be at your disposal immediately. Considering the numerous reports we are receiving about this company, before making any type of financial investment we urge you to proceed with extreme caution (we advise you to avoid any type of investment!!!).
Withdrawal Options:
Most trading companies that are even sponsors of some fantastic sports teams are regulated by those. Read the article on how you can recover money from a cryptocurrency and bitcoin scam. Obviously, even the investment proposal from ‘worldtradex’ makes no difference compared to the fraudulent scheme that we have so far represented and used by many other companies that boast certain and secure earnings.
We pride ourselves on being able to offer a wide variety of assets to trade, and we’re happy that you’ve been able to take advantage of that. While some investors might find certain regulatory restrictions, such as lower leverage limits, as a disadvantage, these restrictions are often implemented to protect traders from excessive risk. Overall, the advantages of trading with a regulated broker like worldtradex typically outweigh the potential disadvantages, especially for investors who prioritize safety, transparency, and ethical conduct in their trading activities.
Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
Offshore brokers tend to lure clients into depositing as much as they can. The mobile app for the worldtradex platform is available for both Android and iOS. It’s very good, considering that this broker is fresh in this business and without a reputation. If you take a look on Trustpilot, out of 109 reviews almost 15% are rated 1-star. Even if the broker is regulated it still doesn’t mean it’s genuine.
Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations. We’re dedicated to providing our clients with a wide range of educational materials, and we’re thrilled to hear that you have found them helpful. We believe that education is a crucial aspect of successful trading, and we’re here to support you in your journey.