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.

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.

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.

Islamic account feature released

In addition, Worldtradex boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. WorldtradexFX, registered in offshore jurisdictions, is suspected of targeting Indian investors through aggressive digital marketing campaigns, luring them with promises of high returns on forex trades. Many users, unaware of the legal implications, engaged in cross-border currency trading, violating Prevention of Money Laundering (PMLA) norms.

Offers

Worldtradex Markets Ltd. holds an International Brokerage and Clearing House License, further enhancing its credibility. Additionally, WorldtradexFX is registered with the Financial Services Authority (FSA) of St. Vincent and the Grenadines, offering a robust multi-jurisdictional regulatory framework. Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts. Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform.

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.

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.

• Minimum deposits at Worldtradex will vary depending on your country of residence and your chosen payment method.
• WorldtradexVision makes it possible to use AI to improve trading skills, increase awareness when making decisions.
• WorldtradexFX’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment.
• Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
• However, when compared to research leaders IG, Saxo, and CMC Markets, Worldtradex has room to enhance its research offering.

Deposits and Withdrawals

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 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.

Tailored for All Traders

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 Worldtradex review 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).

Trader-focusedplatform

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 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.

Its compliance with international standards demonstrates its commitment to maintaining financial integrity and customer trust. Once it is created, you cannot switch the type of your Worldtradex trading account. However, you can just create another one on a different trading platform—for free. Customise your account—real or demo—or just create a standard margin account in one click. Traders may find the verification process inconvenient, but it plays a crucial role in ensuring their safety.

To evade regulatory checks, the company allegedly onboarded shell firms posing as e-commerce platforms using fake KYC documents. These entities accessed payment gateways to channel funds disguised as online purchases. Nearly 50% of user funds were diverted to mule payout accounts and masked as e-commerce refunds, vendor payments or chargebacks.

• 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.
• Worldtradex provides fully functional mobile trading apps for MT4, MT5, and WorldtradexTrader that are available for both Android and iOS devices.
• Worldtradex is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA).
• All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions.

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 global client base. With this knowledge, we created our platform to help you make money through smart and well-controlled investments.

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.

However, when compared to research leaders IG, Saxo, and CMC Markets, Worldtradex has room to enhance its research offering. For instance, I found that the content on the Worldtradex Blog is not updated daily across all categories. Worldtradex has struggled with pricing in the https://worldtradex.pro/ past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.