They lack personalization and are completely unsuitable for a serious platform that claims to be a reputable broker. Always choose regulated brokers, stay alert to high-pressure sales, and remember you can walk away at any time. If you have already sent money to worldtradex, act quickly. Complete the form below for a free consultation with experts to trace your funds.
- Each of these platforms caters to different trading styles and preferences.
- Traders with highly specific investment preferences might find more tailored options elsewhere.
- 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.
- This should serve as a warning that your funds may not be secure, and there’s no protective regulatory framework.
- However, such an excessive number of bonuses suggests that worldtradex is more interested in reducing traders’ chances of successful trading and withdrawing profits.
CERCA BROKER
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. Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds.
“Pig-Butchering” Romance & Investment Scams
One of the primary concerns with worldtradex is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. While regulation alone does not determine a scam, it is an essential factor to consider. 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. Because of this missing oversight, many experts suspect worldtradex may be a scam.
Whether traders are seeking to improve their trading skills, stay updated on market events, or expand their trading strategies, worldtradex offers a comprehensive suite of resources to meet their needs. The interface of the personal cabinet is similar to the official website. Here, worldtradex can be given a good rating for their efforts. It is also odd that there is no mention of an affiliate program. Apparently, the company does not offer such an option. This is surprising, as it could help the broker attract new clients while allowing traders to earn rewards independent of their trading performance in financial markets.
For traders who prioritize tight spreads and prefer not to pay commissions, worldtradex’s model aligns with their needs. Remember that worldtradex operates as a dealing desk. 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.
L’autorità ha oscurato altri 15 broker truffa a novembre.
Unlicensed platforms are risky because there is no authority checking they handle your money fairly. worldtradex offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders. Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations. The reasonableness of commission fees largely depends on the trading style and preferences of individual traders.
Il tuo broker è regolamentato?
- worldtradex offers online financial services yet holds no licence from any well-known regulator such as the Financial Conduct Authority (FCA).
- One of the primary concerns with worldtradex is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others.
- The portal administration is not responsible for the loss of financial resources by clients, as well as possible harm caused to them in connection with the published data, including lost profits.
- However, it’s essential to recognize that while worldtradex’s range of investments is extensive, it may not have as many exotic or niche assets compared to some other specialized brokers.
- This ensures that worldtradex’s investments are available on both desktop and mobile platforms, making it convenient for traders to access the markets wherever they are.
Traders can choose the platform that aligns best with their specific trading needs and devices. I am Kevin Berry, an internationally recognized financial advisor. With my team, we provide independent reviews about online stockbrokers, financial funds, and other projects about investments. We can help anyone understand which company can be marked as a scam and which is reliable for investment.
worldtradex, established in 2018, is a well-regarded online trading platform, regulated and authorized by the Seychelles Financial Services Authority. worldtradex boasts a diverse array of strengths, including a robust offering of over 300 instruments across six asset classes, granting traders unparalleled flexibility. worldtradex’s commitment to providing a wealth of educational resources and market analysis research is evident. These tools empower traders with the knowledge and insights necessary to navigate the complexities of the financial markets.
Scammers employ persuasive tactics to convince you to make an initial minimum deposit. They entice with promises of doubling the deposit within 24 hours and similar claims. After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds. The cycle persists, but it is Worldtradex scammers possible to put an end to it, even if you’ve fallen victim to their deceitful promises.
The platform’s multilingual support and diverse deposit and withdrawal options further contribute to its appeal. However, it’s essential to note the regulatory limitations that may restrict access for certain traders based on their location. While no trading platform is entirely risk-free, worldtradex’s commitment to regulation, transparency, and client protection contributes to its reputation as a safe and reliable choice for traders.
On its YouTube channel, https://worldtradex.online/ the company publishes market reviews. In the personal cabinet, there is access to an economic calendar, indicators, trading ideas, news, and other additional tools. There is nothing particularly useful or unique, but at least worldtradex offers small tools. This is better than nothing, but it is unlikely to bring any real benefit to clients in terms of stable earnings from trading. worldtradex is not listed with any respected financial watchdog. Legit brokers register with bodies like the SEC, CFTC, FCA, or ASIC; these agencies set rules and protect clients.
If a broker calls itself global, safe, and profitable, you should not take its word for it. 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. So today, we will check whether this platform is truly safe or if something is wrong with it. While some investors might find certain regulatory restrictions, such as lower leverage limits, as a disadvantage, these restrictions are often implemented to protect traders from excessive risk. Each of these platforms caters to different trading styles and preferences.
Our articles and reviews can help any potential investor to avoid scam in the world of global finances. We cannot claim that this is a scam, but we also cannot speak positively about the platform. We still need to check how long the platform has been in the market, whether it holds any licenses, and what it really represents. The broker has also added an online chat feature to its official website.
Next, worldtradex informs that the application is under review, but after this, the personal cabinet is still open. Moreover, the potential client has to wait for the review of their application, which delays the process of starting trading. Dealing with an unregulated company like worldtradex increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries..