We discovered that this website is using a third-party review system. We consider this a positive finding as the website cannot manipulate the reviews directly. While you should still be careful when you are checking the reviews, external reviews are much more reliable than reviews placed on a website by the owner directly.
We champion verified reviews
Visually, the site is overloaded, making it hard on the eyes. And that is definitely not what you want to see when choosing a broker to work with. To sum up, I think worldtradex (Tradeco Limited) is not a safe enough forex broker. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Swap rates are fine, spreads are narrow, trading here is cost-effective. Find out more about how to protect yourself from scams.
- You should only deal with financial firms that are authorised by us.
- Most scammers sell the name of their websites after a few months once their scam has become common knowledge.
- worldtradex, for example, claims to be the fastest-growing company in the forex trading industry but says nothing about licenses, while positive reviews online seem fake.
- If you choose to trade with such a high-risk Forex broker, your funds and personal information will not be effectively protected.
- With high potential revenues from investments always come a high likelihood of losing all your money.
- The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises.
What stands out the most is the lack of specific information about the broker itself. However, to be fair, there are some positives. For instance, the worldtradex website supports 12 languages in addition https://worldtradex.site/ to English, covering both European and Asian markets. The company has also provided the necessary documents and a risk warning. Hello Erik Krüger,We are so grateful that you took the time to write this excellent review! Much appreciated.😃worldtradex ⚡️Empowering traders.
www.worldtradex.com Reviews
In the UK, for instance, users of unapproved firms cannot turn to the Financial Ombudsman or compensation schemes. Likewise, in the US, money held with an unregistered broker is not covered by FINRA or SIPC insurance. worldtradex fails to provide any information about its staff on its website and promise fake returns. These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform. One of the primary concerns with worldtradex is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others.
If you’re contacted unexpectedly by a financial business or individual, make sure you reply using the contact details on the FS Register. You should only deal with financial firms that are authorised by us. If a financial firm is authorised by us, it gives you greater protection if things go wrong. If you deal with this firm, you won’t have access to the Financial Ombudsman Service if you have a complaint.
Deposit, Withdrawal, and Fees
These days, I keep my chips on the table where the dealer counts fait. VAST REACH hasn’t dealt me a cold hand yet. Almost all firms and individuals must be authorised by us if they offer, promote or sell financial products or services in the UK. Without regulation, there is no safety net.
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Regulated markets
Unlicensed platforms are risky because there is no authority checking they handle your money fairly. worldtradex offers online financial services yet holds no licence from any well-known regulator such as the Financial Conduct Authority (FCA). They\’ve been out of contact for two weeks, and my $1,200 is still stuck in my balance.
FxGecko will be updated daily with broker information and user complaints against brokers, so following it regularly can help you effectively raise awareness of your investment risks. We use dedicated people and clever technology to safeguard our platform. I truly enjoy the cent account that they provvide, because it’s much easier to trade there with lower capital. I can’t Worldtradex forex broker put in a lot of money now, so it’s the only right option to trade i guess.
This is confirmed by the narrow spreads and lack of commissions. A real intermediary earns through commissions, but here it’s different. So, there’s no point in working with such a company; it will work against you. I find a good ratio of price to quality for my day forex trading.
- On its site (worldtradex.com) the firm lists an address at F20, 1st Floor, Eden Plaza, Eden Island, Seychelles, phone N/A, and email , all said to be managed by Tradeco Limited.
- Scammers employ persuasive tactics to convince you to make an initial minimum deposit.
- The “contact” section does not include them, except for a feedback form.
- They lack personalization and are completely unsuitable for a serious platform that claims to be a reputable broker.
- You can discuss forex and cryptocurrency related news, ideas, strategies and analysis here.
The management supports multiple trading platforms with different functionalities and high liquidity. The company is regulated by the offshore regulator FSA. However, customer reviews of worldtradex.com are contradictory and typically negative. Therefore, let us verify if the company is a scam.
Examining the web version of the platform reveals several weaknesses. The interface of the terminal is simple, with limited features offered. Liquidity issues are obvious and are directly related to leverage and financial losses incurred by clients. Stability in the terminal is poor, and there are significant delays in order execution. Scammers design web or mobile apps that look like real trading dashboards.
Execution is reliable, sometimes the platform lags a bit when I have service issues but okay mostly
Hello Dead Philix,Thank you for your feedback. We take all comments seriously and are dedicated to continuously improving our services. If there’s anything we can do to resolve the situation, please do not hesitate to reach out to us at We look forward to the opportunity to make things right.worldtradex ⚡️Empowering traders. Consequently, working with such a firm subjects users to financial and data security risks.