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World Trade Investment Review - is it scam or safe?

World Trade Investment review - Is worldtradeinvestment.com scam or good forex broker?

RATING: 1 / 0 REVIEWS World Trade Investment
World Trade Investment is an offshore broker. Your money is not safe.

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 World Trade Investment is an anonymous, unregulated forex and CFD broker offering six account types with a leverage of up to 1:1000 and the MetaTrader4 platform. The broker obviously tries to attract customers in the US and the UK as it has American and British contact numbers. However, World Trade Investment does not have authorization to provide financial services neither in the UK and the USA, nor on any other regulated market such as the European Union, Canada, Australia or Japan.

 

World Trade Investment Advantages:

 

Over 40 currency pairs and a variety of CFDs

 

We tested World Trade Investment trading platform with a demo account and we came across 43 forex pairs, some of which minor and exotic like USDSEK, USDNOK, USDZAR, USDMXN, USDPLN, USDCZK, USDHUF, USDTRY and USDRUB.

 

And there we also found CFDs on silver, gold, oil and other commodities, indices, bonds and even a couple of crypto coins like  Bitcoin, Dash, Ethereum, Litecoin, Ripple, Ethereum Classic, Monero, Bitcoin Cash and Zcash. And if you like the idea of trading crypto assets, here you may also check our list of brokers, offering Bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Leverage as high as 1:1000

 

Few brokers nowadays offer leverage as high as 1:1000, especially if we are talking about regulated brokers. Actually, after the European Securities and Markets Authority (ESMA) caped the maximum leverage allowed with forex transactions at 1:30 last August, following similar moves by the regulators in the USA, Canada and Japan, Australia remained the only regulatory heaven, where higher leverage is still allowed. So here you may check our list of brokers, regulated in Australia:

 

>>Brokers regulated in Australia<<

 

Variety of payment methods

 

World Trade Investment accepts payments with a bank wire, credit cards like VISA and MasterCard, NetellerSkrill, IMPS, RTGS and even bitcoins. Still, here you may also check our list of brokers accepting bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

Just 100 USD to open a trading account

 

You can start trading with World Trade Investment with just 100 USD and that is in line with what most other brokers would ask you for. And yet with some big well established brokers like FBS and IG you can start trading with virtually 5 USD or so.

 

MetaTrader4 supported

 

MetaTrader4 is one of the most reliable and definitely the most widely used trading platform on the market. It features over 80 customizable market indicators, advanced charting tools and trading robots, with which you can run automated trading sessions. Here you may also check our list of brokers supporting the MetaTrader4:

 

>>MT4 Brokers<<

 

World Trade Investment Disadvantages:

 

Anonymous website, no license 

 

World Trade Investment says it is owned and operated by World Trade Investment (UK), with a headquarters in London, UK. Unfortunately we were not able to verify this and what is more important World Trade Investment is not licensed and authorized by the Financial Conduct Authority (FCA) in the UK, as all companies offering financial services there should be.

 

Have in mind that dealing with unauthorized brokers is extremely risky, because they are not accountable for the way they handle your money and most often than not are involved in scam.

 

All brokers, licensed by respectable institutions such as the FCA, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) on the other hand are reliable, because of the strict regulatory regime they are subject to.

 

On top of this with a FCA broker your funds will be protected by an insurance, covering up to 50 000 GBP, while with a CySEC broker, the balance in your account will be insured for up to 20 000 EUR, even if your broker goes insolvent. Besides, here you may check our list of FCA regulated brokers:

 

>>FCA Regulated Forex Brokers<<

 

Trading bonuses with special withdraw conditions

 

The practice of offering trading bonuses is highly controversial and is actually banned on most regulated markets like the EU. Be aware that if you accept a trading bonus by World Trade Investment you will not be able to withdraw any money form your account  until you trade at least half of the bonus in standard lots. That means for a bonus of 100  USD you will have to trade 50 lots or 5 million USD. Needless to say that such a minimum trade volume requirement might prove challenging even for professional traders.

 

High spreads

 

With its opening account World Trade Investment offers spreads starting at 1,6 pips, which is slightly higher than what traders would usually consider acceptable with a standard account. So here you may also check our list of brokers offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

Conclusion:

 

World Trade Investment is a low credibility, unregulated broker, which illegally tries to attract customers in the UK, USA and the EU. As always in such cases our general advise is to trade only with properly authorized brokers, regulated by respectable authorities such as FCA, CySEC and ASIC.

Latest news about World Trade Investment
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Traders` reviews for World Trade Investment

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