Is worldtradex, formerly worldtradexFX, Legal in India? What Traders Should Know

Overall, the range is suitable for most traders either beginners or tradrs with experience, also we would mark that range of Products vary by the platoform you use also the entity of worldtradexFx. Single app and web service integrated into the Oct lets you earn like an experienced trader without any specific knowledge. You simply start following some pro trader you’ve picked, and worldtradex CopyTrading app automatically copies their trades. worldtradex has recently announced about it going swap-free in all the regions it operates. Now, leaving their orders open overnight, traders won’t be obliged to pay overnight fees.

MT4 Account

worldtradexFX is regulated by several decent financial authorities and has a good record in that regard. A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks. https://worldtradex.site/ The account opening process of the broker is straightforward and can be continued if accidentally stopped. Clients are, however, not allowed to withdraw from their accounts unless the account is verified. Multiple payment options including credit cards, debit cards, Skrill, Neteller and Bank Transfers, make it convenient for clients to fund their accounts using their preferred payment method.

Brokers By Licenses

Besides, another license was obtained in South Africa regulated by FSCA giving a better expansion and regulated access to Africa Market. Recognized as a reliable broker as worldtradex operates for many years, it is fit for most traders, especially International traders since worldtradexFX proposal internationally is much https://worldtradex.space/ wider and better quality too. 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. We are constantly improving our product to make your trading experience better.

The broker’s login process begins with a visit to the official site, worldtradexfx.com, on desktop or a click of their app on mobile. To login in, your email, password and captcha verification is needed. The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly. While the free webinars allows clients to learn from veteran traders one-on-one, at a scheduled time. For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques.

worldtradex shows a dedication to transparency and financial stability for the years it started to operate under more reliable licenses. The broker manages different accounts, which keeps client money apart from operational resources, hence improving security. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. The broker claims to process withdrawals by cryptocurrency immediately but withdrawals with bank payment could take 1-3 hours depending on the processing bank.

In the case of bank transfers, all requests are processed within 1–3 hours during the working time of the broker’s financial department. However, deposits via Skrill, Neteller, Visa, Mastercard and crypto are instant. Below is a tabular review of the various deposit methods and the processing time.

Cost Structure and Fees

• worldtradex shines in giving several trading tools for active traders, however, individuals looking for long-term investments could have to take more thought on other platforms, including bonds and ETFs.
• worldtradex works on a spread-only basis; hence, separate commissions for trading are not paid.
• We will review some of the trading tools offered on the mobile trading app below.
• Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.

Due to this traders will no longer hesitate to use mid-term and long-term stategies. This means, worldtradex clients are free to hold as many orders as they wish for as long as they want. Those who follow Islamic financial principles or traders who want to minimize overnight financing expenses will especially benefit from this function. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. To change the leverage on worldtradexFx, users first have to login to their trading account. Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save.

Broker Types

On worldtradexFx, customers can withdraw funds from their trading accounts using the same ways they deposited. To withdraw funds, customers’ free margin has to exceed the withdrawal amount, then they have to complete the verification process and get their accounts verified. The broker claims to process all withdrawal requests received within 1-3 hours. Depending on the withdrawal method used, the minimum withdrawal amount is $5. However, customers can withdraw as many times as they wish and withdrawal is free. It allows clients to learn and try multiple risk management strategies without any deposit.

Trade on the go with the worldtradex trading app

Account opening isnt hard, alike in our tests we opened Demo account in a matter of minutes you just have to follow simple  submit on website and get started. Yet, if you still prefer to use high leverage, the international entity of worldtradex Leverage still allows so. Overall, we advise to check conditions based on worldtradex entity you wish too trade through. However, as the company developed the broker worldtradex established its legal entity in Cyprus and respectively got a license from the local CySEC, which also imposes regulations according to European ESMA standards.

However, the broker claims verification may require up to 24 hours if the number of pending requests is large or if a verification request was submitted overnight or during  the weekend. There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies. All information on 55brokers.com is only published for general information purposes.

There is also an availability of multiple trading tools and indicators, which serves to enhance clients’ trading experience and help them trade confidently. The company, besides featuring a full fledged FAQs section to help clients find answers to their queries on an immediate basis, offers multilingual customer support 24 hours 7 days a week. This XS.com review explores the broker’s regulations, fees, deposit & withdrawal methods, account verification requirements, safety measures, spread, and leverage. It also outlines how to open an account and start trading on the investment platform. Advanced tools and features on the worldtradex Desktop MetaTrader 5 (MT5) platform improve trading experience. It includes 21 timeframes and over 80 technical indicators, therefore enabling thorough market analysis.

The simple interface of the program ensures quick navigation, which qualifies for both new and expert traders. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. worldtradexFX is a financial broker with more than 40 million accounts opened on it. However, the offshore entity of the broker is regulated by just a 3rd tier regulatory body. Online reviews have revealed that this isn’t quite significant enough to call the broker well regulated.