worldtradex operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as worldtradex Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels. In our review, the entire withdrawal process took less than 35 minutes. We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20).
Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation. A few minutes after submitting the withdrawal, we received a confirmation email. At that point, we could see our withdrawal status as “pending” in the dashboard. Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our cryptocurrency wallet.
Analysis Material
We made the deposit through Tether via the TRC20 network, which has the lowest fees. In this case, the network charges 1 USDT, and worldtradex does not impose any additional fees. While there is no minimum deposit from the virtual wallet, worldtradex advises that the minimum deposit using this method is 50 USDT. The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick. During the account opening process, clients must choose a type of account.
worldtradex Review
For example, traders can only change their leverage levels once every 24 hours. An increase in investment capital would also mean their leverage decreases. worldtradex also keeps a thorough FAQ section on its website to answer often-asked questions about trading and account management.
Komisi dan Fee 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. Therefore means its operation is aligned to the necessary protection level. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets.
The broker manages different accounts, which keeps client money apart from operational resources, hence improving security. 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). worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest . Minimum deposits at worldtradex will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
What Leverage Does worldtradex Offer?
- It is not meant as direct advice or a prompt to undertake any specific action, including investments or purchases.
- Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities.
- While other Brokers like Pepperstone or worldtradex, also IC Markets might be more appealing for platforms fees, education and their high reputation too.
- Each account is linked to a different trading platform, and the number of instruments available on each account differs, too.
Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions. In this review, the FXStreet team presents an independent and comprehensive analysis of worldtradex, grounded in direct testing and real user experiences. As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, all free from external influence.
- worldtradex has also carved a reputation for itself as a broker that offers swap-free trading for all available instruments and at no extra cost.
- With more than 270 instruments available, traders can easily build a diversified portfolio.
- We help you develop the knowledge and skills to trade efficiently and responsibly.
- worldtradex offers trading accounts denominated exclusively in US Dollars (USD).
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. The broker’s YouTube channel hosts over 400 educational videos and past webinars, tackling topics as simple as the ABCs of trading and as complex as Elliott Wave strategies. This rich video content is complemented by 70+ written articles on the worldtradex website, giving traders multiple ways to learn.
The minimum deposit is $25, while for several cryptocurrencies, the amount is approximately $50. Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted. For instance, arbitrage trading is prohibited under their Customer Agreement. It offers a charting package from TradingView with over 100 technical indicators included as default and customization options available for another couple thousands more. The chart package contains 11 chart types on 11 timeframes and other drawing tools like trend lines, Fibonacci etc.
📉 Trading Fees & Costs
These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. worldtradex has built its reputation on providing reliable, transparent, and technologically advanced trading solutions. With over a decade in operation and more than 40 million trading accounts opened globally, worldtradex has positioned itself as a leading broker in the forex and CFD space. When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources.
Standard Account
Traders outside the EU and South Africa will trade with worldtradex Markets Limited which is authorised and regulated by the Financial Services Authority (FSA) Seychelles. Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform. The worldtradex app retains the versatility and functionality of its web version. The charts are pleasant-looking and detailed, though they lack a variety of technical indicators and chart configurations. I checked worldtradex’s numbers and discovered that the broker has been operational for 14 years and employs over 700 professionals globally, according to its LinkedIn page.
The security of your funds – in terms of regulatory protection – will depend on which worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that worldtradex’s primary execution venue is one of its own entities in St. Lucia. 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).
worldtradexFX has established itself as a credible and accessible broker particularly well-suited for beginner to intermediate traders seeking low-cost entry into forex and cryptocurrency markets. Their multi-regulated structure, while not perfect due to the Comoros primary registration, provides reasonable client protection especially for European traders under CySEC oversight. The comprehensive copy trading platform with 6 million users, combined with extensive educational resources and 24/7 multilingual support, creates a supportive environment for trading development. However, https://lunarcapital.live/ limitations including restricted asset diversity with only 5 commodities, dealing desk execution model, and absence of advanced professional features may deter experienced traders. The platform excels in user accessibility and cost-effectiveness but falls short in areas like research tools and market depth compared to tier-one brokers. worldtradex is an international broker ideal for traders looking to operate under competitive conditions.