What is World Traders？
World Traders Broker is a brokerage firm based in Latin America, specializing in a wide array of financial instruments including stocks, cryptocurrencies, commodities, currencies, and indices. With over 15 years of industry expertise, World Traders Broker is dedicated to delivering exceptional products and services tailored to both retail and institutional clients globally. The founding team's deep understanding of traders' requirements drives the provision of competitive advantages such as low spreads, direct market connectivity, and robust security measures for deposits and withdrawals.
Pros & Cons
Pros:
Direct connection to liquidity: Transactions are fast and secure due to our direct links with liquidity providers.
High speed of execution: Experience rapid execution of trades, deposits, and withdrawals.
Security of funds: Client funds are kept in segregated accounts, ensuring easy access and withdrawal at any time.
User-friendly platform: Trade with the globally popular MT5 system or exclusive WorldStation platform, suitable for both beginners and experts.
Cons:
Not regulated: World Traders operates in Peru and other jurisdictions, the absence of oversight from major regulatory bodies raises questions about the safety and security of clients' funds.
Is World Traders Legit？
World Traders has raised several concerns regarding its safety and legitimacy. One of the primary issues is that it is not regulated by any major financial authority. Without such regulation, clients of World Traders have no assurance that their funds are protected or that the broker operates under stringent oversight.
Additionally, reviews and investigations suggest that World Traders might be involved in fraudulent activities. The lack of transparency and verifiable credentials adds to the suspicion, making it risky for traders to invest with this broker. Various user experiences have pointed out aggressive tactics and issues with withdrawing funds, which are common red flags for potential scams.
Given these significant concerns, it is advisable for traders to approach World Traders with caution and consider more reliable and regulated alternatives to ensure the safety of their investment.
Market Instruments
World Traders provides a diverse suite of market instruments designed to meet the needs of various investors. The platform offers cryptocurrency trading with a user-friendly interface and rapid order execution. In the foreign exchange market, traders have access to a wide range of major and minor currency pairs from around the world. Equity investors can acquire shares of leading global brands and benefit from dividend earnings.
Additionally, World Traders offers indices from major global economies, including the United States, the United Kingdom, Japan, China, and the European Union, allowing traders to engage with key market indicators. For those interested in commodities, the platform supports trading in raw materials such as oil and metals, enabling users to implement diverse market strategies.
Account Types
Classic: The Classic account is mainly characterized by having the spread from 0.5 pips. The minimum initial deposit into this account is $100.
Elite: The Elite account differs from the Classic account mainly because of the commission, which is $5 per lot. The minimum initial deposit into this account is $500.
Royal Swing: The differentiator of this type of account is the fact that it has $0 swap on all assets. The minimum initial deposit into this account is $500.
Royal Black: An account with exceptional conditions, a commission of $4 per lot and a spread from 0.1 pips, make this one of the most competitive accounts in the industry. The minimum initial deposit in this account is $10,000.
Demo account: Besides its other offerings, World Traders also provides a demo account for users to practice and familiarize themselves with the trading platform and various financial instruments without risking real money.
Leverage
World Traders offers a comprehensive range of account types. Whether you opt for Classic, Elite, Royal Swing, or Royal Black, each account type shares the same base leverage of 1:100. This consistent leverage across all account tiers ensures a level playing field for traders, allowing them to amplify their trading positions effectively. World Traders prioritizes fairness and accessibility in its leverage offerings, empowering traders to maximize their potential while managing risk effectively.
Spreads & Commissions
For the Classic account, traders can benefit from spreads starting at 0.5 pips, with a commission of $8 per lot.
The Elite account offers slightly better conditions, with spreads also starting at 0.5 pips but with a reduced commission of $5 per lot.
The Royal Swing account features spreads from 1.5 pips and a commission of $8 per lot, making it less competitive in terms of spread but suitable for swing traders who might prefer other account benefits.
The most competitive option is the Royal Black account, which offers spreads starting at 0.1 pips and a low commission of $4 per lot, appealing to high-volume traders seeking the best trading conditions.
These options allow traders to choose an account that best fits their trading style and financial goals.
Trading Platforms
MT5 desktop: At the forefront is Metatrader 5 desktop platform, providing traders with the ultimate trading experience directly on computers. With intuitive interfaces and lightning-fast execution, traders can make informed decisions and execute orders instantly, ensuring they stay ahead in the fast-paced world of trading.MT5 Mobile: For traders who prefer to stay connected and make decisions on the go, World Traders' Metatrader 5 mobile app delivers unparalleled freedom and flexibility. Real-time charts keep you updated on market movements, while advanced technical analysis tools enable users to conduct in-depth analysis right from the palm of hand.
Deposits & Withdrawals
With a variety of accepted payment methods including Mastercard, Visa, Bitcoin, and Tether USDT, funding account is simple and flexible. Whether users start with Classic account, which requires a minimum initial deposit of $100, or opting for higher-tier accounts like Elite, Royal Swing, or Royal Black, World Traders ensure a deposit process to get trading quickly.
When it comes to withdrawals, World Traders adhere to strict policies to safeguard both funds and platform's integrity. World Traders may impose withdrawal limits and fees, and compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations is mandatory. Withdrawal requests are typically processed within one business day, with the possibility of delays if documentation requirements aren't met. Additionally, World Traders reserve the right to remit funds back to the same sender and via the same payment method used for the initial deposit, ensuring security and compliance.
Customer Service
World Traders accepts contact primarily through email and physical address.
Email: info@WorldTradersBroker.com
Website: https://worldtradersbroker.com
Address: Suite 305, Griffith Corporate Center PO Box 1510, Beachmont. Kingstown, St. Vincent and the Grenadines.
Conclusion
In conclusion, World Traders Broker offers a comprehensive trading experience with a diverse range of financial instruments. Despite concerns about regulation and safety, World Traders provides direct market connectivity, high-speed execution, and security measures for funds. With user-friendly platforms like MT5 desktop and mobile, along with various account options to suit different trading styles, World Traders aims to empower traders of all levels.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. 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.
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