It feels like worldtradex simply grabbed whatever looked “nice” and placed it on the site. They lack personalization and are completely unsuitable for a serious platform that claims to be a reputable broker. Click here to see how to check if a broker is safe and what to do if you encounter a scam broker. Based on the broker information on the FxGecko app, I believe there are at least 5 significant high-risk signals for worldtradex (Tradeco Limited) as follows.
Great broker for simple trading
You should also contact your bank as soon as possible and let them know about your issue. We have received a company registration and/or ID from the owner of this website. We see that the owner of the website is using a service to hide his/her identity. This may be because the owner does not want to get spammed. However, it also makes it difficult to identify the real owner of the website. As a result, websites hiding their identity get a slightly lower score.
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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 article checks whether worldtradex is genuine or fraudulent, looks at its regulatory status, common scam tricks, and explains the steps you can take if you have been caught out. worldtradex falls into the category of UNREGULATED platform. When choosing a platform, caution is warranted if the company lacks regulation by any overseeing agency. This should serve as a warning that your funds may not be secure, and there’s no protective regulatory framework. Unregulated entities can potentially abscond with your money without being held accountable.
www.worldtradex.com Reviews
- You should avoid dealing with this firm and beware of potential scams.
- Complete the form below for a free consultation with experts to trace your funds.
- The major drawbacks of such an approach are the lack of obvious distinctions between accounts and the lack of transparency to clients in general.
- Liquidity issues are obvious and are directly related to leverage and financial losses incurred by clients.
- This website has been set-up several years ago.
Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. The https://worldtradex.live/ trades are filled in right when I click the button, the payment goes swiftly without any delays, platform choice is the best imho. Companies on Trustpilot can’t offer incentives or pay to hide any reviews.
- All this data confirms that the broker started operating in 2022.
- As is common with spurious intermediaries, the text contains general claims of honesty, reliability, safety, and profitable partnerships.
- We pride ourselves on being able to offer a wide variety of assets to trade, and we’re happy that you’ve been able to take advantage of that.
- And that is definitely not what you want to see when choosing a broker to work with.
Their trading is NOT Ai
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 Worldtradex website clients in terms of stable earnings from trading. We won’t go into detail about each bonus, but we strongly recommend carefully reviewing the conditions for claiming them.
Our main mission is to tell the truth about companies which offer people to make a profit from their investments and financial deposits. There are many companies that mask their scam activities under the facade of real investment projects. Our articles and reviews can help any potential investor to avoid scam in the world of global finances. Remember that worldtradex operates as a dealing desk.
The exact operating period is not stated on the official website, but worldtradex boasts awards received in 2022, 2023, and 2024. Therefore, it can be assumed that the platform was launched in 2022. The domain worldtradex.com was registered in 2000, but snapshots from WebArchive show it was only acquired in 2022. All this data confirms that the broker started operating in 2022.
Most other features are unavailable, and educational materials are of poor quality. worldtradex provides extra services regardless of the trading account. This means that clients get access to benefits the moment they make the minimum deposit amount. The administration supports features such as an economic calendar and a calculator.
It is improbable that lost money can be recovered through litigation. Moreover, transactions on offshore regulated platforms are usually made in cryptocurrency, which means they are non-refundable. Information about trading commissions and dealer fees is not available on the main page of the site. Most of the data is present exclusively in electronic documents. Trading fees are close to zero, company representatives say. Nevertheless, the client agreement reserves the right for the company’s employees to unilaterally change trading conditions, including swap charges.
The interface of the personal cabinet is similar to the official website. Here, worldtradex can be given a good rating for their efforts. Then having a cent account which gives real life experience but minimum risk was the confirmation I needed that this was my broker. Dear Justin De neef,Thank you for sharing your feedback with us.
Company Highlights
Additionally, various penalties and restrictions are imposed on the website, which will be discussed in the next section. They also post fake reviews and celebrity endorsements to look credible. Quickly compare vetted accounts to see which providers are most appropriate for you. Dealing with an unregulated company like worldtradex increases the risk factor of your money.
Finding contact details for worldtradex is not that easy. The “contact” section does not include them, except for a feedback form. We managed to find an email address in the user agreement, but the phone number is probably missing altogether.