Moreover, WorldTradex is a crypto-friendly broker – traders can choose from 34 CFDs on cryptocurrencies and make deposits and withdrawals in crypto. The broker offers a selection of 250 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary WorldTradexTrader. In my view, WorldTradex’s tight spreads, extensive research and educational materials, and diverse payment options truly reflect its innovative approach and dedication to meeting client needs. THerefore, is slightly hard to evaluate WorldTradexFX since International codnitions are overall good, and EU are limited compared to industry. ALso, the points WorldTradex does not win include instrument selection, lack of commission based accounts and more of the basic choice of platforms, buut spreads and costs at WorldTradex are considered good.
Your reliable partner in the financial market
During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site. In fact, in only a handful of instances did the response time beat the seven second figure. In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved within three minutes.
Market insights launched
The main difference between demat and trading accounts is that the former is just a repository, and the latter allows you to buy and sell your securities. Account opening is very much a standard process these days, but WorldTradex does offer a particularly neat twist to the situation. The broker takes advantage of some of its clients being domiciled in regions that still permit promotions, and those clients can benefit from a range of offers. Account security — in line with the guidelines provided by the better regulators, WorldTradex keeps client funds in segregated accounts. Electronic access and communication is also protected by a ‘SSL-secured Personal Area’, which has 128-bit encryption, and makes your browsing safe and your data inaccessible to any third parties.
Is WorldTradex a market maker?
- There is virtually no performance differencebetween these mobile apps and desktop apps.
- It is great to see the broker supports clients with different religious beliefs although this is pretty standard nowadays.
- Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall.
- Live chat is the main means of contact; it provides quick help and is open 24/7 in English, Hindi, and Urdu, among other languages.
- We do not provide financial advice, offer or make solicitation of any investments.
- By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit.
- For novice and even experienced brokers, WorldTradexFX offers a wide rangeof educational materials.
WorldTradex Fees are ranked low based on our testing and compared to over 500 other brokers. Overall, with our research we find WorldTradex ensures that customer information stays private by using cutting-edge encryption technologies to https://worldtradex.pro/ guard financial transactions and sensitive data. The broker also provides negative balance protection, therefore shielding customers from losing more than their account balance in a declining market. WorldTradex, with a trust score of 70, is regarded as having ordinary risk, thereby giving traders a fair degree of confidence about its dependability and operational integrity. Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts. Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform.
WorldTradex reviews—by real traders
The broker manages different accounts, which keeps client money apart from operational resources, hence improving security. WorldTradex is indeed more appealing and more widely offering various attractive tools and proposals on International trading therefore Broker is better for International traders. WorldTradex International is useful since it provides a complete learning center, including webinars, videos, and articles, also various research and promotional tools are appealing too. We admit high-tech access to a range of instruments and multiple platforms either for manual, algorithmic, or social trading. It is definitely a great advantage that WorldTradex offers both industry popular MetaTrader platform and its own proprietary App. Overall, WorldTradex provides good flexibility in terms of conditions, platforms, and instruments it proposes.
Overall, there is a lot to like about WorldTradexFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions. Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs. I think they can be worth consideration for anyone who is primarily looking to trade forex in a regulated environment backed by award winning customer support. Founded in 2011, WorldTradexFX provide a fantastic selection of use-friendly yet powerful platforms for trading forex and CFD instruments with very competitive costs.
WorldTradex trading account types
- At present, WorldTradexFX can support three primary cryptocurrencies – Bitcoin, Ethereum and Litecoin.
- The MT4 account demonstrates the limited selection by only offering four stock indices (AUS200, GER30, NAS100, US30).
- Therefore means its operation is aligned to the necessary protection level.
- You can make fast deposits and withdrawals, instantly log in to your trading profile and access your terminal to trade simultaneously in all of your accounts.
- A welcome addition would be third-party account insurance (such as a policy from Lloyds of London), as seen at some other popular offshore brokers.
- Further, it uses an authentication model through 3D securetechnology for extra protection to online payments.
- Second, the broker provides access to advanced trading platforms, namely MetaTrader 4 and MetaTrader 5, as well as the proprietary WorldTradexTrader platform.
Credit and debit card transactions are subject to 3D secure Visa authorisation and there are processes in place to protect clients making withdrawals. WorldTradex states that the firm is in full compliance with international legislation and regulation standards, and guarantees funds security and negative balance protection (NBP) to its clients. Platform choice ultimately comes down to personal preference, but WorldTradex has signalled its intent by offering its clients the choice of two market-leading platforms.
This can help to prepare trades if you are in a rush or just not that good at maths. WorldTradex Markets Cyprus Ltd does not offer its services to residents of the USA, Canada, Belgium, and the UK, as well as other jurisdictions outside the European Union. WorldTradex offers a swap-free Islamic account that adheres to the principles of Sharia law. The figures below reflect the available leverage at the offshore entity of WorldTradex.