Overview of WORLD TRADE
World Trade is a broker situated in United States which registered in 100 Money Way, 400 West A City, Florida, 32101, Madison, 1New change, st Paul's, London EC4M9AF. It offers three account types for traders to choose from, namely Platinum, Gold, Beginner. However, it's crucial to emphasize that WORLD TRADE operates without regulatory oversight, indicating the absence of supervision from established financial regulatory bodies.
Is WORLD TRADE Legit？
WORLD TRADE has no license, which means this broker is not regulated. It is advisable for traders to thoroughly research and consider the regulatory status of a broker before engaging in trading activities to ensure a safer and more secure trading experience.
Pros and Cons
WORLD TRADE offers traders various types of trading instruments and multiple account types, providing flexibility and catering to varying trading needs. However, the lack of regulatory oversight raises concerns about transparency and investor protection. While WORLD TRADE offers opportunities for trading, traders should approach with caution due to the lack of regulatory supervision and limited support resources.
Account Types
WORLD TRADE offers three types of trading accounts tailored to meet the diverse investment needs of its clients.
Platinum: Offering amaximum leverage of 1:500, a minimum deposit requirement of $25000 – $50000, a minimum spread of 0 pip.
Gold: Featuringamaximum leverage of 1:300, a minimum deposit of $5,000 – $24,999, a minimum spread of 0 pips.
Beginner: With a maximum leverage of 1:30, a minimum deposit of $250 – $4,999, a minimum spread of 0 pips.
Leverage
World Trade offers differentiated leverage options tailored to various trader profiles across three account types:
Platinum Account: This premium account type offers the highest level of leverage at 1:500, catering to seasoned traders who seek to maximize their trading potential and are comfortable with taking on a higher level of risk.
Gold Account: Aimed at experienced traders who still seek significant market exposure, the Gold account provides a substantial maximum leverage of 1:300, allowing for considerable trading volume compared to the capital invested.
Beginner Account: Designed for new entrants to the trading world, this account offers a conservative maximum leverage of 1:30. It reflects a more cautious approach to risk management, suitable for those who are just starting out and looking to learn the ropes of trading with reduced risk exposure.
Spreads & Commissions
World Trade offers a straightforward and highly competitive spread structure across its range of account types, with an emphasis on catering to traders at different investment levels:
Platinum Account: This premium account is for high-net-worth individuals and serious traders, with a minimum deposit range of $25,000 to $50,000. It boasts the most advantageous trading conditions with zero minimum spread, indicating no broker-imposed spread costs and potentially lower trading expenses.
Gold Account: Targeted at experienced traders looking for enhanced trading conditions, the Gold account requires a minimum deposit ranging from $5,000 to $24,999. It also offers a minimum spread of 0 pips, providing cost-effective trading without any spread charges.
Beginner Account: Designed to accommodate those new to trading or with limited funds, the Beginner account has a minimum deposit requirement of $250 to $4,999. Despite being an entry-level account, it still provides a minimum spread of 0 pips, which is exceptionally competitive and allows new traders to enjoy the same spread benefits as more advanced traders.
All three account types stand out for offering a minimum spread of 0 pips, which is quite attractive in the forex market, suggesting that World Trade aims to attract a wide audience by minimizing trading costs associated with spreads.
Customer Support
WORLD TRADE provides customer support through phone at +44 7520642336 or +1 9292439699.
Conclusion
In conclusion, WORLD TRADE presents traders with a variety of trading instruments and account types. However, the absence of regulatory oversight poses potential risk may hinder efficient resolution of inquiries. Additionally, the lack of educational resources and unclear company policies may present challenges for traders seeking comprehensive guidance. Traders should exercise caution and conduct thorough research before engaging with WORLD TRADE to mitigate potential risks and ensure a safer trading experience.
FAQs
Q: Is WORLD TRADE regulated？
A: WORLD TRADE has no license and is not regulated, indicating an absence of oversight from established financial regulatory bodies.
Q: What is the minimum deposit required for WORLD TRADE accounts？
A: Minimum deposit requirements vary by account type:
Platinum: $25,000 – $50,000
Gold: $5,000 – $24,999
Beginner: $250 – $4,999
Q: What is the maximum leverage WORLD TRADE offers？
A: Maximum leverage also varies by account type:
Platinum: 1:500
Gold: 1:300
Beginner: 1:30
Q: What are the spreads for WORLD TRADE accounts？
A: WORLD TRADE offers spreads starting from 0 pips for Platinum, Gold, and Beginner accounts.
Q: Which trading platforms are available at WORLD TRADE？
A: WORLD TRADE utilizes the Meta Trader 4 (MT4) and Meta Trader 5 (MT5) platforms, which are compatible with iOS and Android devices.
Risk Warning
Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-02-23 11:48
2022-12-20 11:23
