WorldTradex does not share the personal information and account information of users. WorldTradex Group is licensed by several regulatory bodies, is not publicly traded, and does not operate a bank. Overall, the broker is considered to be highly secure and trustworthy, and this has increased the number of traders on the platform. As discussed in this WorldTradex review forex and financial traders trust WorldTradex as it complies with many regulatory standards. WorldTradex, founded in 2009 and based in Cyprus, is a regulated online broker serving over 10 million clients worldwide.
WorldTradex review 2025:
- As with most regulated platforms, WorldTradex broker requires your personal information and details while setting up an account.
- Watch educational videos every weekday and upgrade your trading skills.
- If you are a new trader, you can learn by watching videos on the platform in the Beginners Room, then practicing with a WorldTradex demo account.
- Unlike other forex brokers, it allows hedging on more than 1,000 financial instruments, including 55 forex pairs.
- At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying.
Additionally, WorldTradex takes measures to protect client funds by storing them in segregated bank accounts across various locations. The WorldTradex Loyalty Program rewards traders with points (WorldTradexP) for each trade they make. It has four tiers—Executive, Gold, Diamond, and Elite—with higher tiers offering more points per trade. These points can be redeemed for trading credit, and they don’t expire.
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The company is overseen https://worldtradex.world/ by multiple regulatory authorities, including CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) and DFSA (Dubai). WorldTradex offers diverse financial instruments and is known for competitive trading conditions. The mobile trading platform allows traders to gain access to multiple tradable assets, including forex, crypto, and CFDs. Commissions are fees charged by a broker for processing transactions and trades.
Withdrawal and Deposit Methods
WorldTradex has a great mobile trading platform, which is offered on MT4 and MT5. The platform is highly user-friendly and provides a great search option. The key point is that you must follow the withdrawal hierarchy for the deposit methods you have used before selecting any other withdrawal option. For example, if you have not used a credit card or a crypto account for deposits, you do not need to create one for withdrawals.
Account Verification – Takes about 8-10 minutes
Once you have provided your personal information, you will be required to choose a trading platform. As with most regulated platforms, WorldTradex broker requires your personal information and details while setting up an account. You will need to provide accurate information as these will be verified later using a government-issued ID. There are several account types available and you can choose whichever suits you during the signup process.
- The broker charges a commission of $3.5 per lot on the WorldTradex zero account.
- This makes it versatile as it permits traders to use various styles of trading to maximize their gains.
- The eligible trading accounts are the micro and standard accounts only.
- These points can be redeemed for trading credit, and they don’t expire.
- WorldTradex is regulated by the Financial Services Commission, Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).
- With that said, let us review WorldTradex broker and all the key features of the platform.
WorldTradex broker allows traders to use MT4 and MT5 platforms because it currently has no proprietary trading platform. You can use either of these two platforms, depending on the asset you are trading. It simply promotes the VPS service (shareable) and the 0% Fees on deposits and withdrawals.
When it comes to data protection, WorldTradex broker does not disclose users’ private information and strives to provide them with the best possible trading conditions. First, there is negative balance protection, which means that even if markets move rapidly against your trades, your account will not be negative. WorldTradex does this to protect clients from highly volatile market conditions, such as news releases. The WorldTradex trading fees on CFDs are extremely low and there are no withdrawal fees. The broker charges a commission of $3.5 per lot on the WorldTradex zero account.