Opening an account with Worldtradex is a relatively straightforward process. Traders can access MT4, MT5, and WorldtradexTrader via web applications directly from their browsers, conveniently skipping the need for software installation. Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by Worldtradex. Furthermore, WorldtradexFX adheres to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies, requiring account verification through valid identification and address proof. These measures help prevent fraudulent activities and ensure that all transactions are authorized and legitimate.

Overall, Worldtradex has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees. These trader-friendly policies lead to Worldtradex receiving a top rating for its deposit and withdrawal procedures. 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. Worldtradex requires a minimum deposit of only $25, lowering the entry barrier for many traders. Investing in financial instruments, commodities, and other assets carries inherent risks, and there is a possibility that you may lose your entire investment.

Worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. The investigation revealed that WorldtradexFX, in collaboration with M/s WorldtradexFX India Pvt Ltd, operated in India without authorisation from the Reserve Bank of India (RBI). The platform allegedly lured investors with unauthorised leveraged trading services, collecting over Rs 800 crore within a span of less than a year. Despite prior red flags from the RBI, it continued its operations in violation of Indian financial regulations.

It serves to prevent money laundering through KYC/AML policies and safeguards against anonymous withdrawals, protecting traders from potential theft. Verification doesn’t have to be done immediately upon registration, and traders can initiate it at their convenience. From among the trading systems known as “Master Traders” to copy on Worldtradex’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends. These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. Worldtradex does have a proprietary mobile app for trading, as well as for social copy trading (the Worldtradex Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.

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WorldtradexFX provides a highly accessible Copy Trading service, designed to benefit both beginners and experienced traders. This feature allows users to replicate the trading strategies of successful traders (referred to as “Master Traders”) automatically. Worldtradex offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, which are known to every trader. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Founded in 2011, Worldtradex (formerly WorldtradexFX) is part of a group of global entities, which include Worldtradex Markets LTD (based in the island of Mwali) and Worldtradex Markets Cyprus Ltd (based in Cyprus).

Whether you’re a novice stepping into trading or a seasoned professional, WorldtradexFX delivers the tools and features necessary for success in the dynamic world of financial markets. Finally, Worldtradex offers free educational resources such as articles and video tutorials. For more experienced traders, Worldtradex provides advanced analytical tools, including charting capabilities and various technical indicators.

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The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events. Worldtradex stands out with several unique features designed to enhance the trading experience and provide insights into market trends. WorldtradexFX does not charge any fees for withdrawals and also covers any fees imposed by payment systems, allowing traders to withdraw funds without incurring additional costs.

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We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). 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.

This layering process was designed to obscure the actual movement and purpose of the funds, the central agency said on Tuesday. Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, Worldtradex showcases a strong commitment to assisting its clients. There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable. With versatile accounts https://worldtradex.bid/ and a hassle-free setup process, WorldtradexFX offers an inclusive trading environment suitable for traders worldwide. Web and mobile trading platform WorldtradexTrader enables you to diversify and upgrade your trading.

Account Types and Features

Additionally, Worldtradex offers impressive customer support to assuage any potential challenges traders might face. WorldtradexFX supports the popular trading platform MetaTrader 5 (MT5), widely appreciated for its advanced analytical tools and user-friendly interfaces. The broker caters to traders of all experience levels, offering educational resources, demo accounts, and low-deposit entry points, making it particularly suitable for beginners. Worldtradex (formerly WorldtradexFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilized by clients from 180 countries with more than 42 million trading accounts.

• Raiffeisenbank reserves the right to change the list of foreign exchange rates during the day.
• The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies.
• There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable.
• Worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering.

Choose from 300+ trading instruments, including shares, commodities, and indices. CNY payments are subject to restrictions imposed by the People’s Republic of China. With Worldtradex, you’ll get a clear and concise fundamental analysis from Monday to Friday delivered to your inbox. Only the most important things, so you don’t miss any events that might affect your profit. Spanning across the globe, Worldtradex is subject to regulation by several authorities, including the FSCA, MISA, CySEC, and FSC Mauritius reflecting the diverse regulatory landscape governing the activities conducted by Worldtradex.

• Finally, Worldtradex offers free educational resources such as articles and video tutorials.
• Choose from 300+ trading instruments, including shares, commodities, and indices.
• Worldtradex has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers.
• A clear and user-friendly interface is perfect for every trader who values comfort.

It is essential to be fully aware of these risks before engaging in any trading activity. With 24/7 availability, multilingual support, and comprehensive resources, WorldtradexFX ensures traders receive the guidance and help they need at any time. Only the traders themselves could give us a better insight into their preferences. Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home.

Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. 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. Due to its user-friendly and swift account opening process, Worldtradex establishes itself as an excellent choice for individuals aiming to begin their trading journey without unnecessary hassles or prolonged waiting periods. Worldtradex handles customer queries through multiple channels including a live chat function, email, and phone support. Incorporated into the spread, offering cost-effective trading for CFDs.

Forex trading is a major focus, with over 52 currency pairs available, encompassing major, minor, and some exotic pairs. Worldtradex, in this regard, stands firm as it complies with all necessary regulations and takes substantive measures to ensure client funds’ safety. At Rationl FX, we prioritize clarity and transparency in all our interactions. Our services are available to everyone free of charge, but we do receive compensation from some of our partners for referring clients to them. The support team is recognized for its prompt response times and ability to address concerns in multiple languages, reflecting WorldtradexFX’s commitment to serving its Worldtradex cheating global client base. With this knowledge, we created our platform to help you make money through smart and well-controlled investments.