CFDs might seem similar to mainstream investments such as shares but they are different as you never actually buy or own the asset underlying the CFD. worldtradex is a trade name of Tradeco Limited (hereinafter the “Company”) which is authorized and regulated by the Financial Services Authority of Seychelles (“FSA”) under license number SD029. worldtradex supports the MetaTrader 4 (MT4) platform, which is available across desktop, web, and mobile devices. Yes, worldtradex is available in Europe, but availability may vary depending on the specific country. Clients are encouraged to check with the broker directly for regional restrictions. worldtradex does not target residents of the EU where it is not authorized.
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- The educational materials were indeed helpful in guiding me through the basics of trading.
- By considering the needs of both novice and professional traders, we deliver well-rounded evaluations that highlight both the strengths and areas for improvement for each broker.
- Each account type is designed with different features and benefits to cater to various trading styles, risk appetites, and investment levels.
- Moreover, I evaluated its trading fees to exceed the industry average.
One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even https://worldtradex.club/ minute changes in the price of the derivative. However, as a trader who relies heavily on precise technical analysis, I am highly skeptical of MetaTrader 4. At least when it comes to executing penetrating technical analysis. MetaTrader 4 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool. Because of its simplistic and straightforward design, I would say that MT4 is a good stepping stone for beginner traders wishing to learn essential charting skills on a platform with an easy learning curve.
worldtradex Instruments Summary
worldtradex broker offers a variety of payment methods to answer different demands. From E-wallets to cryptocurrencies, you can choose whatever suits you. The swap rate is mainly dependent on the level of interest rates as well as the Company’s fee for having an open position overnight.
worldtradex does not offer its services to residents of certain jurisdictions such as the USA, Iran, Cuba, Sudan, Syria, and North Korea. worldtradex has a single subsidiary – Tradeco Limited – which is authorized in Seychelles by the local regulatory body. According to our system, the FSA Seychelles is a Tier-3 offshore regulator, which mandates compliance with some of the essential safety mechanisms. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Verification can help ensure real people are writing the reviews you read on Trustpilot.
This notice cannot disclose all the risks and other significant aspects of complex instruments. You should not deal with complex instruments unless you understand their nature and your exposure to risk. You should be satisfied that the product is suitable for you in the light of your circumstances and financial position.
Comparison with Other Brokers:
In addition to direct support, worldtradex offers a range of educational and troubleshooting materials, such as platform guides, video tutorials, and a help center, which traders can access at any time. These resources are designed to help traders resolve issues on their own and enhance their understanding of the platform and trading process. worldtradex places a strong emphasis on providing reliable and responsive customer support to ensure that traders have access to assistance whenever they need it. The broker offers multiple contact methods and strives to address queries and issues efficiently. As a chart artist, I have always preferred trading platforms with charts that allow me to scale price action up and down easily. The one thing that MT4 is quite suitable for is automated trading because it is not dependent on the execution of precise technical analysis.
My analysis indicates that worldtradex’s fees are above the industry average, and the broker offers limited client protection. Rebate programs, where traders can earn rebates based on trading volume, can be attractive for high-volume traders. It’s worth noting that it is not explicitly mentioned whether worldtradex offers a rebate program, so it’s advisable for interested traders to contact customer support for specific details on any such programs. Hello Karl-Heinz Hesse, We’re so glad to hear that you have found our educational materials helpful! Our team is dedicated to providing our clients with the resources they need to succeed, and we believe that education is a key aspect of successful trading.
We’re dedicated to providing our clients with a wide range of educational materials, and we’re thrilled to hear that you have found them helpful. We believe that education is a crucial aspect of successful trading, and we’re here to support you in your journey. Dear Derrie LaCumbre,Thank you for sharing your feedback with us. We are truly sorry to hear about the challenges you’ve faced and understand how inconvenient this must have been.
In the case of no activity, including funding or trading, within one year, the company reserves the right to charge an annual administrative fee of $50 (or currency equivalent). In case the client’s account balance is below $50 (or currency equivalent), the company will charge https://worldtradex.pro/ any remaining balance and archive the client’s account. For long time ago, I started as a strategy folower and TradeCopier app worked absolutelyy fine. An ekstremely informative leaderboard right on the website customer area… Over time, I got more involved. And although I did not become a strategy provider, I elevated my skills a lot and occasionally I get a side income as a fx trader. Trading currency majors on a cent account is what works the best for me.
worldtradex is a trade name of Tradeco Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD029. Additionally, the worldtradex group includes Damadah Holding Limited, which is based in Cyprus. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. We were able to reveal issues regarding regulations and reliability of worldtradex, thus we do not rank positively worldtradex, based on our Expert Opinion with over 10 Years of experience in Forex Trading.
This margin is usually a relatively modest proportion of the overall contract value. This means that the Client will be trading using “leverage” or “gearing”. This means a relatively small market movement can lead to a proportionately much larger movement in the value of the Client’s position and this can work either against the Client or for the Client.
While I appreciated worldtradex for having invested time and energy to develop proprietary research content, such as its highly informative video breakdowns, a notable drawback is the lack of third-party content. The availability of more than one perspective is advantageous to the trader, who can compare the different vantage points. There is also a lack of a news screener, which traders usually use to stay on top of the latest market developments.