The World Traders has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal request from The World Traders has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Educational resources|Excellent charting|Personal attention|Two-factor authentication
Cons: Email notifications too frequent
After for roughly four months with The World Traders I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Excellent charting|Reliable uptime|Demo account available|Risk management tools
Cons: Slow to add new assets
Where do I even begin with The World Traders? for roughly four months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Competitive fees|Intuitive for beginners|Risk management tools|Multiple order types
Cons: Spreads widen during volatile periods|Charting tools need more indicators
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that The World Traders has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Not registered with regulators|Unrealistic promises
I am in a dispute with The World Traders over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Good analytical tools|Instant funding
Cons: None so far
The World Traders advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Quick verification|Competitive fees|Full transparency
Cons: No live chat on mobile
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. The World Traders said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Multi-currency support|Clear documentation|Stable platform|Tax reports included
Cons: Cannot customize dashboard fully|Minimum deposit could be lower
I closed a profitable position at The World Traders and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Dividend tracking|API access|Great customer service
Cons: Desktop app not available on Linux
The platform itself is okay, but the customer service at The World Traders is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Multi-device support|Dedicated account manager|Personal attention
Cons: Minor UI glitches occasionally|No live chat on mobile
The reporting at The World Traders is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Clean UI|Risk management tools|Intuitive for beginners
Cons: Could offer more webinars