It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has https://worldtradex.club/ been put in place. 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. For some experienced traders that are looking for copy trading, social trading and EAs this is not a good choice.
Before initiating a withdrawal, it is important to note that worldtradex requires mandatory verification. Ideally, it is recommended to complete the verification process before making any deposits. Hi Enrique,Thank you for your kind words about Thomas. Our team is made up of dedicated professionals, and we’re proud to see that he provided you with exceptional service. Get a better understanding of how the markets work with our easy to ready “how-to” guides. Quickly compare vetted accounts to see which providers are most appropriate for you.
Perché il nostro cliente si è insospettito?
I also appreciated the vast amount of over 150 written articles that are available from worldtradex’s blog section of the website. Traders also have access to the broker’s four educational e-books. While I appreciated worldtradex for having invested time and energy to develop proprietary research content, such as its highly informative video breakdowns, a notable drawback is the lack of third-party content. The availability of more than one perspective is advantageous to the trader, who can compare the different vantage points. There is also a lack of a news screener, which traders usually use to stay on top of the latest market developments.
While regulation alone does not determine a scam, it is an essential factor to consider. Finding contact details for worldtradex is not that easy. The “contact” section does not include them, except for a feedback form. We managed to find an email address in the user agreement, but the phone number is probably missing altogether. Email verification didn’t yield anything; it is indeed an existing address.
Now, let’s take a look at the trading offerings provided by the broker. Perhaps worldtradex will indeed be able to raise the bar. Hi Murtada Siraj Guirguis,Thanks for taking the time to share with us your feedback! If you choose to trade with such a high-risk Forex broker, your funds and personal information will not be effectively protected.
worldtradex impressed me with its smooth payment process. Deposits were quick, and my withdrawal went through without complications. As a new new trader, I found the process straightforward, which boosted my confidence in using the platform. Information posted on the portal antiscam-help.reviews, is for informational purposes.
At least, it works without lags and I was glad to make my first profits here. Hey Demetris Moustakas,Thanks so much for your feedback, and we’re happy to hear that you’ve been enjoying our platform! Hello Anne Simpson,We are so grateful that you took the time to write this excellent review! Scammers employ persuasive tactics to convince you to make an initial minimum deposit. They entice with promises of doubling the deposit within 24 hours and similar claims. After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds.
I requested additional information about worldtradex’s execution model, average execution speed, and general trading conditions. An agent connected almost instantaneously to the chat, but they did not introduce themselves. They responded fairly quickly to my question about the inactivity fee policy but struggled to explain their execution model. As a chart artist, I have always preferred trading platforms with charts that allow me to scale price action up and down easily.
Is worldtradex A Legit CFD Broker?
I appreciated worldtradex for developing the bulk of its research materials in-house. Its content is diverse and provides a basic explanation of current market trends and developments. However, the broker does not incorporate any third-party content, which is essential for affording its clients an additional perspective. worldtradex offers 24/5 support over live chat and email. Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday. There is no Worldtradex cheating option to reach worldtradex’s support by phone.
Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. I’m very happy to work with my account manager Sunny Gordon. I’m making profit and so everything looks amazing.
Our client was also deceived and scammed by the company ‘worldtradex’. 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. Companies on Trustpilot can’t offer incentives or pay to hide any reviews. One of the primary concerns with worldtradex is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds.
- With this I haven’t had any issues when it came to making payments either with my deposits or withdrawals because the platform provided various means of payment.
- This caters to the needs of speculative traders looking to exploit sudden outbursts of volatility in the price action.
- Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday.
- Should you have any additional questions or require further support, please don’t hesitate to contact us.Best Regards, worldtradex ⚡️Empowering traders.
- We cannot claim that this is a scam, but we also cannot speak positively about the platform.
But is it possible to recover the money after having suffered an online scam?
The webinars are geared towards beginners, intermediate-level, and advanced traders. Unfortunately, there is no database of past webinars. At the time of my review, there were 5 upcoming webinars, all in Arabic. I quite appreciated that there is detailed personal info about market experts who lead the webinars. worldtradex has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies. This caters to the needs of speculative traders looking to exploit sudden outbursts of volatility in the price action.
- You can discuss forex and cryptocurrency related news, ideas, strategies and analysis here.
- An agent connected almost instantaneously to the chat, but they did not introduce themselves.
- The broker offers both the MT4 (MetaTrader 4) and worldtradex trading platforms.
- Since all reviews could be made up, especially positive ones we are questioning all of this.
How do I open an account with worldtradex?
They lack personalization and are completely unsuitable for a serious platform that claims to be a reputable broker. If there are no clear policies on how to invest and withdraw your funds, the likely outcome is that each payout request will be denied and your investment account will eventually be frozen. worldtradex is not displaying clearly what policies on deposits and withdrawals are. This broker is new on the market, and we wouldn’t recommend you succumb to its charismatic appearance. Flashy images and promises of great success will not help you get returns on your investments.
So, wherever you are coming from think twice and double-check everything before investing. What’s wrong with this broker is that there is a warning issued against them by CNMV (Spain). Since worldtradex is fresh on the market, only since 2022 this is a very quick achievement. Tier 1 regulators are the ones we always recommend. Most trading companies that are even sponsors of some fantastic sports teams are regulated by those. If we start from a license, FSA is not like Tier 1 regulators FCA, BaFin or ASIC.
Nevertheless, you should avoid dealing with shady brokers like Europa Trade Capital, Premium X Capitals, and Globalswisspro. I accept the website agreement on the processing of personal data. We conducted a domain registration check and found that worldtradex acquired its domain only after 2018, despite the domain itself being relatively old.
Once you make an initial deposit, they’ll do whatever they can to keep you investing and dissuade you from withdrawals. If you ever feel like the firm is more interested in your deposit than helping you trade, report it immediately. However, you should note the broker’s offshore status and unregulated trading terms, such as incredibly high leverage. MT4 is well established go-to platform for many brokers. It has a large number of charts and indicators, as well as advanced features, such as EAs and social trading. Operating from an offshore jurisdiction like the Seychelles can raise concerns due to the perceived lack of stringent regulatory oversight and investor protection compared to reputable European regulators.
Traders can choose from various methods, including credit cards, bank transfers, cryptocurrencies, and electronic payment systems. This diverse selection allows for flexibility and convenience when funding the trading account. It’s worth noting that the broker claims not to charge any deposit fees, which can be appealing to traders.