At Traders Union, we maintain an extensive database of Forex broker regulations, consistently updated with the latest announcements from regulatory bodies and brokerage firms. Please note that the amount you deposit can only be withdrawn using the same method. For instance, if you deposited 500 USD using your credit card and increased the amount to 1,000 USD through trading, you can withdraw 500 USD back to your credit card account. The remaining 500 USD can be withdrawn using Bank wire, Digital assets or E-wallet (Skrill or Neteller). In addition, Worldtradex charges swap fees if the positions remain open overnight.
We believe that education is a crucial aspect of successful trading, and we’re here to support you in your journey. Always make sure you aren’t trading with funds you cannot afford to lose, such as funds for living expenses, your mortgage or other priorities. Any form of trading online carries risk and experienced traders know that very well.
No matter which account you choose, you’ll have access to over 300 tradable instruments across six asset classes. Plus, you’ll be trading on the industry-leading MetaTrader 4 platform, known for its fast execution and robust features. This Forex broker brings a lot to the table, catering to traders of all stripes. Whether you’re into forex, metals, futures, commodities, shares, or indices, Worldtradex has got you covered.
It signifies the integration of reliability, security, and advanced technology, ensuring traders can operate with confidence, armed with real-time market insights and robust analytical tools. Whether you are a beginner seeking simplicity or a professional trader in need of sophisticated analysis functionalities, our platforms are equipped to serve your diverse trading needs and aspirations. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability.
Is Worldtradex Well-Regulated Forex Broker?
I appreciated Worldtradex’s extensive range of currency pairs, especially in some exotic markets. The broker also provides quite a few futures contracts, allowing traders to practice longer-term trading. On the other hand, Worldtradex offers no lower-risk securities, such as Worldtradex scam ETFs, bonds, or Asian stocks. All the services on the Tradersunion.com website are free for you to use.
Delve into the global financial landscapes by buying or selling your chosen assets via CFDs and unearthing trading prospects with either flexible or fixed spreads. Worldtradex ascends as a leader in the trading domain by catering precisely to what traders seek. We unveil a diverse spectrum of financial instruments, platforms, and account types, optimizing convenience in your trading endeavors. To sum up, Worldtradex offers a wide range of instruments, it is regulated, offers great customer support and access to the most popular forex trading platform.
Does Worldtradex offer Islamic account?
If you deal with an unregulated broker, you may have no recourse at all. Regulated brokers, though, must follow official procedure for handling complaints. If the complaint against the client cannot be sorted out, then the regulator may intervene. Some jurisdictions even cover compensation schemes on a default of the broker. This firm may be providing financial services or products without our authorisation. You should avoid dealing with this firm and beware of potential scams.
- In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection.
- The Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) are just two examples.
- It can be used for automated trading via EAs, basic technical analysis, and simple order execution.
- Plamen’s favourite trading instruments include FX majors and gold.
- The minimum deposit is $10, and no internal deposit or withdrawal fees are charged, though third-party fees may apply.
Webinars
Complete training https://worldtradex.live/ in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”
Trading Platforms
We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. Worldtradex operates a single entity – Tradeco Limited – which is licensed and regulated in Seychelles by the Financial Services Authority (FSA). It guarantees the segregation of client funds and negative balance protection.
Worldtradex: Refining Trading Excellence
In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. I reviewed Worldtradex’s legal documents and found everything to be in order. The Client Agreement is readily available, and all relevant information is presented clearly. Worldtradex provides a blend of market research developed in-house and incorporated from third-party providers.
To be able to do that, you need to make sure that your broker is regulated. The stricter the regulations, the better your funds are protected. Regardless of whether you trade forex or other financial instruments, Worldtradex equips you with the tools you need to make informed decisions and succeed in your trading activities. NBP helps protect traders against large losses in case of sudden market movements. It functions as a mechanism that prevents the account balance from going into negative figures, ensuring that traders don’t end up owing money to the broker. The broker’s low spreads make it one of the most competitive brokers in the market.
- Some features and services may vary depending on where you reside.
- We unfurl a broad spectrum of financial instruments, diverse platforms, and varied account options, crafting a trading environment steeped in convenience and versatility.
- We unveil a diverse spectrum of financial instruments, platforms, and account types, optimizing convenience in your trading endeavors.
- I appreciated Worldtradex’s extensive range of currency pairs, especially in some exotic markets.
- With a minimum deposit of $350 and base currencies in EUR, USD, or GBP, forex traders and other traders can access Worldtradex’s services through their MT4 platform, WebTrader, and mobile platforms.
- Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.
A trusted broker ensures that you can have a fair and transparent trading experience. While many traders equate offshore regulation with low credibility, this isn’t always fair. There are reputable offshore regulatory bodies that impose meaningful requirements, especially in jurisdictions aiming to attract responsible financial services providers. Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit.
We urge clients to peruse our legal documents meticulously to comprehend our assorted agreements, policies, and risk disclosures. We are unwavering in our dedication to furnishing our clientele with groundbreaking products, acting as catalysts in realizing their trading aspirations. Our commitment is anchored in fostering a vibrant and adaptive environment, laden with all essential tools pivotal for a comprehensive trading experience. Worldtradex notes 24/5 customer support in 30+ languages, but I only came across e-mail support during my review. The FAQ section left me unsatisfied and searching for answers elsewhere.
The Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) are just two examples. In the United States, there is the Commodity Futures Trading Commission (CFTC). You can check our Financial Services Register to make sure a firm is authorised and has permission for the service it’s offering you. Your review has been sent for the moderation and will be posted on the broker page after approval. These products are traded on margin and carry a high level of risk and it is possible to lose all your capital. They may not be suitable for everyone and you should ensure that you understand the risks involved.
Tradable Instruments
The Financial Services Authority (FSA) operates in the Seychelles. Brokers regulated by these authorities must meet strict requirements. These include capital thresholds, client fund segregation, and other important standards.
