No, worldtradex does not accept clients from the United States due to regulatory restrictions. One of the best things about MT4 is its simplified order execution. However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
worldtradex Alternative 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.
- However, as a trader who relies heavily on precise technical analysis, I am highly skeptical of MetaTrader 4.
- We’re glad to hear you’ve had a good experience using our platform.
- It does not constitute legal, financial, or professional advice.
My fraud case is with the authorities and the financial regulators. My advice is to steer clear of worldtradex bc IMO they cannot be trusted. We think it’s a great place to start your trading journey, and we hope that you’ll stay with us for years to come. Based on the information provided on the broker’s website, worldtradex is registered in Seychelles with license number SD029.
Yes, worldtradex offers a referral program that allows existing clients to earn rewards for referring new traders to the platform. The broker provides trading services exclusively through MetaTrader 4. The broker maintains segregated accounts for client funds, ensuring they are kept separate from the company’s operating funds, thereby providing an added layer of protection. Regulation is a critical factor when choosing a trading broker, as it ensures that the broker operates within a framework of rules and standards designed to protect clients’ interests. worldtradex is committed to maintaining a high level of transparency and security through robust regulatory oversight.
If you do not have enough time to monitor your investment on a regular basis, you should not invest in CFDs, spread bets or other complex financial instruments. They can require constant monitoring over a short period of time. Even maintaining your investment overnight exposes you to greater risk and additional costs. The volatility of the market together with the extra leverage on your investment can result in rapid changes to your overall investment position. Immediate action may be required to manage your risk exposure or to post additional margin. Trading financial instruments, including but not limited to forex, CFDs, stocks, and cryptocurrencies, carries a high level of risk and may not be suitable for all investors.
You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars.
How do I open an account with worldtradex?
It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection.
Unprofessional and negative experience
Also provider worldtradex’s mobile trading app and worldtradex’s Web trading app, https://worldtradex.blog/ enabling clients to trade online, anywhere, directly from their phone, by gaining direct access to more than 300 trading instruments. In addition to any profit or losses, there are different types of costs linked to transactions in derivative products. Costs related to derivative trading may also include bid-offer spreads, daily and overnight financing costs, account management fees and taxes. These costs can be complex to calculate and may outweigh the gross profits from a trade. Our reviews cover a broad spectrum of factors, including regulatory compliance, asset diversity, trading conditions, and user experience.
The broker has its own WebTrader App that is possible to access through any operating system (Windows, Android, MacOS, and iOS). Besides, the broker has a Trading Academy https://worldtradex.site/ that includes various webinars, eBooks, videos, etc. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. Damadah Holding Limited, with registered address of 365 Agiou Andreou, Efstathiou Court, Flat 201, 3035 Limassol, Cyprus, facilitates services to Tradeco Limited, including but not limited to payment services. If a Client holds any positions overnight, then an applicable swap charge will apply.
CFDs, spread bests and other financial derivative products are instruments that allow the Client to trade on price movements in underlying markets/instruments. Even though the Company offers its own prices at which the Client trades CFDs, spread bets and other financial derivative products, the Company’s prices are derived based on the underlying instruments/markets. The MT4 mobile app provided by worldtradex allows traders to manage their trades on the go with ease.
However, we do not guarantee the completeness, timeliness, or accuracy of the information provided. MarketBulls is not responsible for any losses incurred as a result of trading decisions based on the information presented on this site. MarketBulls operates with complete transparency, ensuring that all reviews are unbiased and free from external influence.
Complex Instruments warning
In our reviews, we examine the licenses and regulations of each entity operated by a broker. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. In the case of worldtradex, its regulation by the Seychelles FSA is a positive aspect, as it signifies adherence to recognized standards in the industry. This regulation ensures that worldtradex operates in a transparent and compliant manner. Investors can have confidence that their funds are protected and that the broker is subject to oversight to prevent malpractice.
Demo Account
worldtradex’s commitment to providing a variety of payment methods, quick processing times, and a transparent fee structure makes it easy for traders to manage their funds efficiently. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Your account should reflect your goals, needs, and ambitions on the market.