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. Broker worldtradex uses deceptive tactics by promising quick profits and large bonuses for initial deposits.
The method of the scam committed against one of our clients.
That’s where these bonuses come into play. You can’t withdraw profits until you make a rollover at least 20 times bigger than your deposit plus bonus. We’re glad to hear you’ve had a good experience using our platform. 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. Information posted on the portal antiscam-help.reviews, is for informational purposes.
Bonuses
Before we go any further, we suggest reading our brokerage reviews on Trade360, XTrade, and ET Finance. Recovering funds may be difficult but not impossible. If you used a credit card to invest, you can try initiating a chargeback through your bank. Additionally, reporting the fraud to financial regulators or working with a lawyer could improve your chances of recovering your money. Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.
After the client invests a significant amount, worldtradex blocks withdrawal attempts, citing hidden fees or additional requirements. Once the money is transferred, it becomes difficult or impossible to retrieve it. Finally, investing and trading involves risks and you are advised to perform due diligence before investing and stay away from unregulated and high-risk trading platforms to avoid potential scams. Hi Molthisok W.,Thank you for your kind words! We’re glad to hear that you had a positive experience with our withdrawal process.
Regulated firms
- 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.
- If, on the other hand, you would like specialized advice with one of our crypto lawyers for online scam, do not hesitate to contact us, we will be at your disposal immediately.
- Therefore, we do not recommend you to invest money with worldtradex.
- This organization lacks the authority to control a company’s actions as strictly as larger regulators.
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. There are plenty of images, but they all look the same and seem generic. 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.
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. You should also contact your bank as soon as possible and let them know about your issue.
Web trader is nothing more than a basic platform Worldtradex official site with some technical and analytical tools and with a user-friendly interface. It is very simple to use and it’s suitable for beginners. If worldtradex refuses to allow you to withdraw your funds, document all interactions and immediately contact local financial authorities, such as the Financial Conduct Authority (FCA) or equivalent in your jurisdiction. You may also want to consult a lawyer specializing in financial fraud or use recovery services.
Hi Mohamed N.,Thanks for taking the time to share with us your feedback! 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.
worldtradex: reviews. Scam or not. Online fraud lawyer
✨ We are always working to improve our customer service, and we’re glad to hear that you’ve had such a great experience with us.worldtradex ⚡️Empowering traders. 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 possible to put an end to it, even if you’ve fallen victim to their deceitful promises. worldtradex falls into the category of UNREGULATED platform.
We won’t go into detail about each bonus, but we strongly recommend carefully reviewing the conditions for claiming them. It is good that the broker provides separate documents with up-to-date terms for each of its promotions. However, such an excessive number of bonuses suggests that worldtradex is more interested in reducing traders’ chances of successful trading and withdrawing profits. I am looking for new ways to experiment with my trading style and now the worldtradex platform may seem too regular for many traders of a new generation. I get it but that’s what you need when you are looking for a rock-solid mt4 broker.
Therefore, the rules they comply with are weak. Based on some worldtradex reviews conclusion is that this could make potential issues. To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why your funds are not safe with worldtradex. If, on the other hand, you would like specialized advice with one of our crypto lawyers for online scam, do not hesitate to contact us, we will be at your disposal immediately.
We champion verified reviews
- I did verify my account and make deposit then for some reason The app reject the verification and make refund but I did not receive all my money back.
- It’s very good, considering that this broker is fresh in this business and without a reputation.
- So, wherever you are coming from think twice and double-check everything before investing.
- It’s a nice platform and very informative.
Companies on Trustpilot can’t offer incentives or pay to hide any reviews. You can check our Financial Services Register to make sure a firm is authorised and has permission for the service it’s offering you. 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.
Hi Gustavo V.,Thank you for your positive feedback! Hey Joanne Foster,Thank you for your review. We’re committed to providing our clients with the educational resources they need to succeed, and your feedback is important to us. If there’s anything specific you’d like to see in our educational materials, please don’t hesitate to reach out.
Sometimes it’s getting hard to understand what they mean on webinars, anyway I’m still learning.
Operating from an offshore jurisdiction like the Seychelles can raise concerns due to the perceived lack of stringent regulatory oversight and investor protection compared to reputable European regulators. Furthermore, the broker offers Live TV, which is a feature that provides real-time market updates, news, and analysis. On the other hand, worldtradex’s proprietary platform may not be as popular or well-known as the established MetaTrader platforms. But the real advantage here, for me, are the features. The analytics I use a lot, in the morning, drinking coffee, I think that is pretty much mandatory when trading stocks. Sure I read Bloomberg but worldtradex has often more info, some off-brand stuff that might make me think.