Brokers Rating

Additionally, the worldtradex group includes Damadah Holding Limited, which is based in Cyprus. Here’s a balanced look at the Advantages and disadvantages of trading with the broker. User support available 24/5 only via email or online form in English, French, Spanish, German and Chinese. Traders must submit their name, e-mail, country of residence, mobile number, and date of birth.

Choose your language

We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors. You should consider whether you understand the risks involved. We provide broker reviews and ratings to help users find a suitable broker according to their own needs.

For education, worldtradex has a vast multimedia library to match different types of learners. There are eBooks for readers, podcasts for those who prefer to listen, and webinars for video format lovers. There are also useful guides on trading styles and psychology, which may help new traders find their place in the market. It’s also important to note that the bonuses are unavailable through the Cent account. Finally, traders from certain countries, like Thailand and Algeria, have reduced minimum thresholds for some bonuses. So why doesn’t everyone just go for this one if it’s just twice as good?

This bonus increases your leverage, allowing you to trade larger positions. However, the bonus cannot be withdrawn and is subject to specific conditions. Note that the bonus is NOT available to residents of the EU, USA, Iran, Cuba, Sudan, Syria, or North Korea. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. One of the main topics in worldtradex reviews is the firm’s account offering.

They are not allowing withdrawals… Only deposits….

The number of available trading instruments and the trading commissions are in line with industry averages. However, it’s worth noting that the broker does not offer any additional tools for trading analysis. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the Worldtradex forex brokers reviews reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

worldtradex broker offers multiple promotions, including a deposit bonus of up to $2,000, and the 100% Supercharger. I like the educational content for beginners at worldtradex, which also maintains a balanced asset selection. The flexible leverage and customizable demo accounts are also excellent, offering traders two core trading tools. worldtradex’s comprehensive client support system is designed to provide traders with the assistance and information required for a successful trading experience. worldtradex, established in 2018, is a well-regarded online trading platform, regulated and authorized by the Seychelles Financial Services Authority. worldtradex boasts a diverse array of strengths, including a robust offering of over 300 instruments across six asset classes, granting traders unparalleled flexibility.

Is worldtradex a good broker?

However, novice traders should take note that the research and educational support provided by the broker are limited. worldtradex presents its proprietary web-based trading platform, accessible from the client portal, a mobile app, and the MT4 trading platform, which remains the undisputed industry leader, plus MT5. Mt4 fully supports algorithmic trading from its desktop client and has an embedded copy trading service.

worldtradex Review

We’re committed to providing our clients with the educational resources they need to succeed, and your feedback is important to us. If there’s anything specific you’d like to see in our educational materials, please don’t hesitate to reach out. worldtradex’s commitment to providing a wealth of educational resources and market analysis research is evident.

Forex Webinars:

Compared to other brokers reviewed, worldtradex holds a strong position, particularly due to its commitment to regulatory compliance, transparency, and security. The platform’s multilingual support and diverse deposit and withdrawal options further contribute to its appeal. However, it’s essential to note the regulatory limitations that may restrict access for certain traders based on their location. worldtradex offers customizable demo accounts, and I did not find a time restriction, which is good, and how demo accounts should function. I recommend traders select demo account settings similar to their planned live deposits to create the most realistic demo trading experience. worldtradex offers CFD and Futures trading through 4 account types, including a Cent with a minimum deposit of $10 and floating spreads from 1.1 pips.

Plus, you’ll be trading on the industry-leading MetaTrader 4 platform, known for its fast execution and robust features. worldtradex offers a choice of 300+ trading instruments, Forex, commodities, indices, shares, and futures. I like the selection of 84 currency pairs, which ensures that Forex traders have a broad choice of trading instruments, complemented by 30 commodities, 150 stocks, 30 futures contracts, and 30 equity indices. Equity traders get a selection of blue-chip stocks listed in the US, the UK, and the Eurozone, where Czech companies pleasantly surprised me. I am missing ETFs and cryptocurrencies, but the range of assets at worldtradex suits most retail traders and is excellent for Forex traders. The Fractional share dealing offer is ideal for smaller portfolios.

I like the trading environment at worldtradex for its pricing transparency and balanced asset selection. worldtradex offers beginners a quality introduction to trading via its video course, and the minimum deposit of $50 ensures worldtradex is accessible to traders with smaller portfolios. Forex traders get an excellent asset selection, and I like the availability of fractional share dealing, making worldtradex a solid broker for beginners.

• There are no guarantees or specific guidelines to prevent losses.
• Mt4 fully supports algorithmic trading from its desktop client and has an embedded copy trading service.
• Additionally, the broker’s multilingual support is available 24/5, and ready to assist traders wherever they experience issues or encounter a lack of clarity.
• The support here with its resources and tools are very commendable.

worldtradex has introduced many features that help onboarding and the initial rough patch traders often go through. These materials cover various concepts, from absolute entry-level things to advanced trading concepts. As such, they are a great guide to your trading journey all the way through. Because of this, among other things, worldtradex reviews consistently uplift it as a user-centric company.

• The educational resources provided by the broker primarily consist of webinars.
• worldtradex is a trade name of Tradeco Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD029.
• I always recommend that traders check them before evaluating the total trading costs.
• However, it’s essential to note the regulatory limitations that may restrict access for certain traders based on their location.
• For education, worldtradex has a vast multimedia library to match different types of learners.
• worldtradex is not targeted to residents of the EU where it is not licensed.

The catch is that the minimum deposit is $500, which may be out of some traders’ comfort zone. Hi D “Dadi” M,We are delighted that our withdrawal process and customer care team have won you over! I did verify my account and make deposit then for some reason The app reject the verification and make refund but I did not receive all my money back. Poor service with high withdrawal issues , The customer service only responds to reviews . worldtradex, the broker of choice for traders seeking safety, variety, and expert guidance.

It comes with MT4 indicators, market buzz tools, and advanced technical views. Unfortunately, you’ll have to pay a bit extra for this premium tool. For its free analysis tools, worldtradex offers various trading calculators and an economic  calendar. These tools are simple at first glance but can take a huge burden off of your back. They remove the tiring task of tracking the news cycle and trying to pinpoint your profit and loss calculations. As it says, it gives you 20 percent of the funds for your first deposit as extra trading credit.