Withdrawals can be initiated from the website dashboard or through the mobile app. Their customer service is accessible beyond standard business hours, offering 24/7 support in 20+ languages available via Live Chat and email. The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals.
Our intuitive platform ensures you can dive right in, regardless of your experience level. You get all the knowledge you need to make informed decisions and trade confidently. No more wondering about hidden costs or undisclosed commissions. Worldtradex is a broker that has operated for over 10 years and has been expanding during this time. It is a global company with several entities responding to different regulatory needs.
For instance, arbitrage trading is prohibited under their Customer Agreement. Worldtradex does not provide services to citizens of the United States (US) and residents Worldtradex forex broker of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US. Worldtradex handles customer queries through multiple channels including a live chat function, email, and phone support. Worldtradex offers platform versions for both Windows and Mac desktops. Incorporated into the spread, offering cost-effective trading for CFDs.
We made the deposit through Tether via the TRC20 network, which has the lowest fees. In this case, the network charges 1 USDT, and Worldtradex does not impose any additional fees. While there is no minimum deposit from the virtual wallet, Worldtradex advises that the minimum deposit using this method is 50 USDT.
Invite-a-Friend program introduced
Regarding trading conditions, spreads are at the industry level. This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled. During our review, the average spread for EUR/USD was 0.9 pips. The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips.
Alerts and each executed order are notified through browser notifications. After selecting this option, we entered the amount, wallet address, and a security PIN (sent via email during the account setup with Worldtradex). The request https://worldtradex.site/ was completed in under a minute and did not require sending an email or notifying customer service. The minimum deposit is $25, while for several cryptocurrencies, the amount is approximately $50. During the review, we faced a minimum deposit of 50 USDT (Tether).
However, it’s important to note that Worldtradex does not currently offer trading in stocks, ETFs, futures, bonds, or options. Worldtradex follows international regulation standards on Anti Money Laundering and Know Your Customer procedures to verify the identity of its clients and prevent illicit activities. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home.
- Worldtradex offers services through Orinco Capital (Pty) Ltd, primarily for clients located in Africa.
- The idea of making the trading space more comfortable was the start.
- In 2017, Autochartist was introduced, along with cryptocurrency trading and the first proprietary apps with market information, which would later evolve into the Worldtradex app in the following year.
- It features attractive charts for all three account types, allowing trading and modifications.
- Withdrawals can be initiated from the website dashboard or through the mobile app.
- The “Space” section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app.
The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. However, it’s important to note that Worldtradex doesn’t offer trading in certain instruments like ETFs and stocks. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. Worldtradex is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement.
Islamic account feature released
Numerous sections focus on customer services related to accounts and administration rather than market-related issues. A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services. With a wide range of trading instruments, user-friendly platforms, and robust customer support, Worldtradex provides an appealing choice for both novice and experienced traders.
On the positive side, it allows Worldtradex greater flexibility in leverage and instruments while still serving clients from around the globe. Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous. There is also the option to transfer funds to a wallet outside of these accounts but within Worldtradex.
Rewarding loyalty program
The suitability of a broker is largely dependent on individual trading preferences and goals. From our assessment, Worldtradex emerges as a broker that proves itself to be reliable and conducive to traders, making it a viable option for consideration. We’re helping traders build stronger futures by offering a wide variety of educational articles and videos, insights from which can be applied to our unlimited demo accounts. By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit.
bonus introduced
Worldtradex provides a variety of educational resources aimed at enhancing trading skills. These resources are crucial for developing a solid foundation in trading principles and practices. Additionally, the Worldtradex platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation. Capital amounts, margin, and other details are clearly visible.
- The Worldtradex Status Program allows traders to unlock various benefits based on their trading account balance.
- Worldtradex does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders.
- Our intuitive platform ensures you can dive right in, regardless of your experience level.
- While Worldtradex presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them.
Worldtradex Trading Settings
Another program offered by Worldtradex is a tiered loyalty program (without fees), where traders advance through categories based on their account balance, gaining access to benefits and rewards. The Worldtradex Status Program allows traders to unlock various benefits based on their trading account balance. It consists of four levels (Bronze, Silver, Gold, and Platinum).
How can I change the type of my Worldtradex trading account?
The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker. Using Worldtradex allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy. Periodically, Worldtradex offers the WorldtradexFX Champion Demo Contest, a monthly, risk-free trading competition using virtual funds. Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks. Worldtradex affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets.
Worldtradex also operates under other entities that are regulated by lower-reputation organizations. This situation requires clients to place more trust in Worldtradex itself than in its regulators, as these regulations are more focused on preventing terrorism and money laundering than on execution-related issues. All accounts are swap-free, meaning they comply with Islamic law. Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted.
You can create multiple trading accounts for your Worldtradex profile, each with its own balance and leverage. In terms of tools, traders can choose the most convenient platform among Worldtradex Trader, MT4, and MT5. With the mobile Worldtradex app, you can manage all accounts without downloading MT4 and MT5 on your phone.