General Information & Regulation
TradefxWorld presents itself as a subsidiary of TradeWorld Commodities Limited, registered in the United Kingdom with the registration number 06393946. The broker claims to provide its clients with four types of investment plans, a 5% affiliate commission and the world‘s leading MetaTrader4 trading platform. Here is the home page of this broker’s official site:
As for regulation, it has been verified that TradefxWorld does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.18/10. Please be aware of the risk.
Market Instruments
TradefxWorld advertises that it offers Bitcoin mining, forex and CFD trading.
Investment Plans
TradefxWorld claims to offer four types of investment plans, namely Basic Plan, Investment Plan, Silver Plan and Representative Plan. The minimum initial deposit amount is $300 for the Basic Plan, while the other three investment plans have much higher minimum initial capital requirements of $500, $1,000 and $10,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Commissions
TradefxWorld claims to offer a 5% affiliate commission.
Trading Platform Available
The platform available for trading at TradefxWorld is the industry-standard MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
From the logos shown at the foot of the home page on TradefxWorlds official website, we found that this broker seems to accept deposits and withdrawals via Bitcoin, Perfect Money and PE. The minimum initial deposit requirement is said to be $300, while there is no minimum withdrawal amount. As for the processing time of withdrawal requests, they usually can be processed between 10 minutes and 24 hours.
Customer Support
TradefxWorlds customer support can be reached by telephone: +1 (479) 551-8189, email: support@tradefxworld.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, LinkedIn and Skype. Company address: 6605 SE Lake Rd, Portland, OR 97222.
Risk Warning
Online trading involves a significant level of 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 contained in this article is for general information purposes only.
