The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee. Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. You can look forward to trading with the MT5 trading platform on Worldtradex website this account where the spreads start at great value from 0.2 pips.

Super fast withdrawals

That’s why we’ve compiled this detailed worldtradexFX review with some important information that will hopefully make you more informed when online trading with worldtradexFX. It has several entities around the world and provides services by industry standards. The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker. worldtradex offers services through Orinoco Capital (Pty) Ltd, primarily for clients located in Africa. This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier.

worldtradexFX is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. Brokers like worldtradexFX must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. When considering worldtradexFX for your trading activities, its financial regulatory status in your region is crucial.

If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to worldtradexFX. We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts. However, it’s important to note that some of the products we discuss are from our partners. Our content production team (text, images, videos, software, Chrome extensions, audio, etc.) works independently. All research on various indicators, oscillators, smart robots, and artificial intelligence is conducted separately from our advertising department.

Leverage

Lastly, low spreads, user customized account types, 0% commissions, fast payouts and a rich educational library are the company’s strong points. The broker also asserts its technical environment is constantly monitored and protected by dedicated teams of technical specialists and security. It has management systems that ensure that clients do not lose more than initially invested. If account balances become negative due to Stop-Out, worldtradexFx compensates the account by adjusting the account balance to zero, ensuring the risk is limited to only deposited funds. Most clients with high volume accounts have an adverse opinion about the company. They complain of worldtradexFx being a scam broker, denying them withdrawals and going on to block their accounts.

• worldtradex operates under various regulatory frameworks depending on the entity through which an account is opened.
• By doing so, traders can trade with peace of mind, knowing that worldtradexFX losses are limited to the funds available in your worldtradexFX account when negative balance protection is in place.
• Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store.
• Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest .
• New versions provide improved functionality and increased stability.worldtradexFX MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions. The phone support team successfully resolved our questions and issues over the phone. When we called, the team answered our call promptly, in less than a minute. While it may be a new skill set for some, it is what the market requires for success.

worldtradexFX Compared To Other Brokers

• You can get in touch with us via live chat or email at if you have any additional questions.
• The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment.
• Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don’t require advanced research tools or features.
• As for the leverage, a known instrument that increases the initial capital you trading with and can be a very useful tool to magnify potential gains is offered by the worldtradex broker as well.

Please check out your email inbox.If you have any questions, please don’t hesitate to contact us on social media, via email, or through Live Chat. worldtradex has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. worldtradex is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA).

Therefore, it is doubtful that the ‘worldtradex scam’ is a correct evaluation of the our activities. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Founded in 2011, worldtradex holds a regulatory license in Europe via its Cyprus-based entity – worldtradex Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables.

Limiting Your Risk When Trading with worldtradexFX Negative Balance Protection

Although traders have had great success with worldtradexFX, trading on the financial markets with worldtradexFX is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. worldtradexFX provides a demo account that enables individuals to explore trading before investing their funds. By creating a worldtradexFX practice account, users can gain experience and knowledge of how to trade effectively.

worldtradex does not charge fees for deposits or withdrawals, nor does it impose commissions on trades. One of the standout features of worldtradex is that it does not charge swap fees. Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex. Trading instruments provided by worldtradex have some of the lowest spreads in the industry.

Like other brokers, worldtradexFX margin requirements can differ depending on the traded instrument. 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. One negative aspect we encountered while trading with MT4 was that it does not allow for regular partial closes. For example, when we attempted to close 0.3 lots from a position of 0.5 lots, the entire 0.5 lots were closed, and a new position of 0.2 lots was opened instead. However, when we performed the same operation for the same MT4 account from the worldtradex app, we found that this partial closing was allowed.

worldtradex Additional Fees

worldtradex broker offers three account types available at International porposal that also define trading conditions by the platform that is used for trading itself. Conditions are also based on enityt, as EU account offering is different. Excellent broker with fast withdrawal times and a robust trading app. The leverage https://worldtradex.space/ options are flexible, and the download of MT4 was seamless.