Note: Since CryptoWorldTrades official site (http://cryptowordtrade.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.
General Information & Regulation
CryptoWorldTrade, a trading name of C.W.T Ltd., is allegedly a broker based in the USA that provides its clients with the industry-standard MetaTrader5 trading platform, leverage up to 1:200, variable spreads on over 100 tradable financial instruments, as well as a choice of eleven different account types.
Market Instruments
CryptoWorldTrade advertises that it offers more than 100 trading instruments in financial markets, including forex, cryptocurrencies and commodities.
Account Types
There are eleven live trading accounts offered by CryptoWorldTrade, namely Classic, Pro, Exclusive, Premium, Luxury, VIP, VIP luxury, Silver Platinum, Gold Platinum, VIP Gold Platinum and Gold Luxury Platinum. Opening a Classic account requires the minimum initial deposit amount of €3,500, while the other ten account types with much higher minimum initial capital requirements of €8,000, €11,500, €25,000, €50,000, €75,000, €150,000, €350,000, €500,000, €750,000 and €1,000,000 respectively.
Leverage
The maximum leverage ratio provided by CryptoWorldTrade is much higher than most brokers, up to 1:200. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads
Spreads are influenced by what type of accounts traders are holding. CryptoWorldTrade reveals that the spread on the Luxury account starts from 1.9 pips, the clients on the Classic and VIP accounts can experience spreads from 1.5 pips, while the other account types enjoy the lowest spreads from 1.2 pips.
Trading Platform Available
When it comes to trading platforms available, CryptoWorldTrade gives traders the worlds most trusted and popular MetaTrader5 trading platform. However, from the information on the Internet, we got the information that there is no real trading platform, instead, it was just a dashboard with quotes from third parties (see the below screenshot). Anyway, we suggest you use MetaTrader4 or MetaTrader5 as the trading platform. As most traders know, the MT4 and MT5 are known as the most successful, efficient, and competent forex trading software. The MT4 offers an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options. While the MT5 allows traders to execute trades on different financial markets through a single account and there is a hedging option.
Deposit & Withdrawal
CryptoWorldTrade says to work with a wide selection of payment methods, including bank wire transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, Yandex Money and WebMoney, as well as the cryptocurrency of Bitcoin. However, according to the information displayed on the Internet, we found the broker seems to only accept deposits via Bitcoin. The minimum deposit requirement is $500.
Bonuses
CryptoWorldTrade also claims to offer its clients bonuses ranging from 10% to 250% depending on the amount of the deposit, yet we cannot be sure if the bonus is really available without any condition.
Customer Support
CryptoWorldTrades customer support can be reached by telephone: +447451239818, email: support@cryptowordtrade.com. Company address: 38 Beeston Road, Nottingham, U.S.A.
