worldtradex fails to provide https://worldtradex.space/ 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. You should also contact your bank as soon as possible and let them know about your issue.
The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises. Was scammed by this company 2 years ago but they removed my negative review so when this gets removed i’ll be sure to provide all docuements to trustpilot, please stay away from this scam. You can discuss forex and cryptocurrency related news, ideas, strategies and analysis here. You can also expose broker scams you have encountered to warn others not to fall into their trap. 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.
Trading Platform and Tools
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. Email verification didn’t yield anything; it is indeed an existing address.
Lost Funds to worldtradex?
Here, worldtradex can be given a good rating for their efforts. The customer support team at worldtradex is available 24/5, offering multilingual support. They provide traders with assistance when it comes to trading accounts, deposits, withdrawals, and more. Their customer team is knowledgeable and friendly and always willing to help traders with any issues they may have. Traders can contact the customer support team via email at , and they will reply within 24 hours.
We appreciate it and will make sure to let our Product Team know. Hi Georges Chevallier,We really appreciate you sharing your worldtradex experience with us! The trades are filled in right when I click the button, the payment goes swiftly without any delays, platform choice is the best imho. Then came the polite nudges to add more funds.
Spread fees
- Hi Halm,We really appreciate you sharing your worldtradex experience with us!
- After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds.
- On the other hand, worldtradex’s proprietary platform may not be as popular or well-known as the established MetaTrader platforms.
- While regulation alone does not determine a scam, it is an essential factor to consider.
With a deep liquidity pool in futures trading, traders can take large positions without worrying about slippage. Deposit and withdrawal processes are protected with the latest SSL encryption and other security technologies. As the broker is regulated, clients should complete their KYC that is in line with the Seychelles Financial Services Authority. Overall, worldtradex is a well-regulated broker providing a secure trading environment for traders.
worldtradex also provides a negative balance protection policy to ensure that traders’ funds do not go below zero. This is one of the benefits provided by the broker and ensures that traders do not lose more money than they have invested. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments.
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. TradingBrokers.com aim to provide unbiased broker reviews. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. Who in their right mind would trade with such an openly fraudulent company?
Was scammed by this company 2 years ago…
Smiling faces, phones supposedly displaying trading success, and typical stock graphics with harsh colors — all of this does not inspire trust. 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.
- However, such an excessive number of bonuses suggests that worldtradex is more interested in reducing traders’ chances of successful trading and withdrawing profits.
- Robert is an experienced financial analyst based in California.
- It is important to highlight the potential drawbacks of this offshore jurisdiction.
- Once the money is deposited with it, it stops responding to the queries..
- Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.
Verification
worldtradex offers a wide range of payment methods for deposits and withdrawals, including credit/debit cards, bank wire transfers, and e-wallets. worldtradex offers both fixed and floating spreads, and these may vary depending on the type of trading account and the market conditions. Traders who need more stability during trading can choose the fixed spread account because fixed spreads help to reduce their trading costs. worldtradex’s operational practices have raised concerns among some users and industry observers.
In the website footer, it is indicated that the broker’s managing company is Tradeco Limited, registered in the Seychelles. It is important to highlight the potential drawbacks of this offshore jurisdiction. Aside from the trading conditions, it is essential to delve into some crucial aspects to determine whether choosing worldtradex for collaboration is worthwhile.
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. I’ve found worldtradex’s platform to be intuitive and, as a broker,, reliable.
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. Scammers employ persuasive tactics to convince you to make an initial minimum deposit. They entice with promises of doubling the deposit Worldtradex review within 24 hours and similar claims. After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds.
You can comment on any of our materials and contact us via email. If you know any scam projects that were not reviewed by our team, please contact us. You shouldn’t trust such firms because they operate without serious regulation. The platform could work against you, and believe me, it will. In general, worldtradex asks for all the details about you. By the way, there is no detailed document explaining the AML & KYC policy for some reason.
Trading
The broker’s offshore regulation means it may not adhere to the same standards as brokers regulated by Tier-1 authorities. This lack of stringent oversight can lead to potential issues with fund security and dispute resolution. Remember that worldtradex operates as a dealing desk.
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