WorldTradeDoor Forex Broker

WorldTradeDoor Forex Broker - Complete Information Guide

1. Broker Overview

　　WorldTradeDoor is a forex brokerage firm that has been operational since 2005, with its headquarters located at Universal Investment House Ltd., 3rd Floor, 209-210 Regent Street, London, W1B 4NF, United Kingdom. The company is privately owned and has been catering to a global clientele, providing various trading services in the forex and CFD markets.

　　Over the years, WorldTradeDoor has positioned itself as a platform for retail traders, offering access to a wide range of financial instruments. Despite being in operation for nearly two decades, the company has not yet established itself firmly within the forex and CFD industry, and it is noted that it lacks proper regulatory oversight.

　　WorldTradeDoor primarily focuses on retail forex trading but also provides services related to commodities and indices. The broker's development history includes significant milestones such as expanding its product offerings and enhancing its trading technology, although it has faced challenges due to its unregulated status.

　　Currently, WorldTradeDoor operates without affiliations to any major parent company or group, which could provide additional credibility or support. The business model centers around retail forex trading, allowing individual clients to engage in foreign exchange transactions.

2. Regulatory and Compliance Information

　　WorldTradeDoor operates in an environment characterized by a lack of regulatory oversight. The broker is unregulated, which means it does not fall under the supervision of any major financial regulatory authority. As such, there are no specific regulatory numbers or licenses associated with the firm.

　　The absence of regulation raises concerns regarding the safety of client funds. WorldTradeDoor does not participate in any investor compensation schemes, which typically provide a safety net for traders in the event of broker insolvency. Furthermore, the firm has not disclosed any specific policies regarding client fund segregation, which is a critical aspect of financial security.

　　In terms of compliance, WorldTradeDoor has not provided detailed information on its KYC (Know Your Customer) and AML (Anti-Money Laundering) measures. This lack of transparency can pose risks to potential clients, as robust compliance practices are essential for protecting against fraud and ensuring a secure trading environment.

3. Trading Products and Services

　　WorldTradeDoor offers a diverse array of trading products, primarily focusing on forex trading. The broker provides access to over 19,000 forex pairs, encompassing both major and minor currency pairs. Additionally, clients can trade various CFD products, including commodities, indices, and potentially cryptocurrencies, although specific details on these offerings are less clear.

　　The broker's CFD product range includes:

• Commodities: Precious metals, energy resources, and agricultural products.
• Indices: Major global indices that allow traders to speculate on market movements.
• Cryptocurrencies: While not explicitly detailed, the broker claims to provide access to digital currencies.

　　WorldTradeDoor appears to update its product offerings periodically, although the frequency and specifics of these updates are not clearly stated. The firm focuses on providing retail trading services to individual clients, and there is no indication of institutional services or white-label solutions being offered at this time.

4. Trading Platforms and Technology

　　WorldTradeDoor does not support popular trading platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Instead, the broker utilizes its proprietary trading platform, which is designed to cater to the needs of its clients.

　　The platform features:

• Web-based trading: Accessible from any device with internet connectivity.
• Mobile application: Available for both iOS and Android, allowing traders to manage their accounts on the go.
• Execution model: While specific execution modes like ECN or STP are not detailed, the broker aims to provide fast execution and competitive spreads.

　　The technical infrastructure of WorldTradeDoor is reportedly robust, although specific details regarding server locations and technology are not disclosed. The broker does not mention offering API access or support for automated trading, which could limit the options for algorithmic traders.

5. Account Types and Trading Conditions

　　WorldTradeDoor provides a standard account type with the following conditions:

• Minimum deposit: The exact amount is not specified but is typically accessible for most retail traders.
• Spreads: Variable spreads starting from 1.0 pips, although this may vary based on market conditions.
• Commission: The broker claims to have a commission-free trading structure.

　　In addition to the standard account, WorldTradeDoor may offer advanced account types, such as VIP or professional accounts, but specific details are not provided in the available resources. The broker does not appear to offer specialized accounts such as Islamic accounts or corporate accounts.

　　The leverage offered by WorldTradeDoor is reported to be up to 1:500, allowing traders to control larger positions with a smaller capital outlay. The minimum trade size is typically 0.01 lots, which is standard in the industry. Overnight fees and other trading conditions are not explicitly detailed.

6. Funds Management

　　WorldTradeDoor supports various deposit methods, including:

• Bank transfers
• Credit and debit cards
• E-wallets

　　The minimum deposit requirement varies by account type but is generally accessible for most traders. The processing time for deposits is typically instantaneous, although specific timelines are not provided.

　　Regarding withdrawal methods, WorldTradeDoor allows clients to withdraw funds through similar channels as deposits. However, details on withdrawal limits and processing times are not clearly outlined, which could pose challenges for traders looking to access their funds swiftly. Additionally, any fees associated with deposits or withdrawals have not been specified, which may affect overall trading costs.

7. Customer Support and Educational Resources

　　WorldTradeDoor offers customer support through several channels:

• Phone: +44 1224 928464
• Email: support@worldtradedoor.com
• Online chat: Available on the website.

　　The service operates during standard business hours, although specific time zone coverage is not detailed. Multilingual support is also not explicitly mentioned, which may limit accessibility for non-English speaking clients.

　　In terms of educational resources, WorldTradeDoor does not appear to offer extensive materials such as webinars, tutorials, or e-books. However, the broker may provide market analysis services, including daily reports and news updates, to assist traders in making informed decisions. Trading tools like calculators and economic calendars are mentioned but not elaborated on.

8. Regional Coverage and Restrictions

　　WorldTradeDoor primarily serves clients from the United Kingdom and other global markets. However, specific details regarding regional offices are not provided. The broker does not accept clients from certain countries, although the exact list of restricted nations is not disclosed.

　　Special restrictions may apply based on local regulations, particularly in jurisdictions with stringent financial laws. Potential clients are encouraged to verify their eligibility before opening an account with WorldTradeDoor.

　　In summary, WorldTradeDoor presents itself as a forex broker with a wide range of trading products and services. However, its unregulated status and lack of transparency regarding key operational aspects may raise concerns for prospective traders. As always, individuals should conduct thorough research and consider their own risk tolerance before engaging with any brokerage firm.