Forex Brokers

World Trade Commodities Exchange

1.2 (14 reviews)
🇦🇺 Australia
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1.2
14 reviews
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About World Trade Commodities Exchange

World Trade Commodities Exchange has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +44 207 6813 179 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.wtcex.org.

Customer Reviews

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Account closure takes 30 days

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Emily J.
1 months ago

The hidden fees at World Trade Commodities Exchange are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.

Pros: Clear documentation|Dedicated account manager|Regular platform improvements

Cons: Mobile app could be improved|Some tools only available on higher tiers

The worst platform I have ever used

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Liam F.
3 months ago

World Trade Commodities Exchange had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.

Pros: Reliable uptime|Helpful community forum|Segregated accounts

Cons: Inactivity fee applies after 12 months|Research section could be deeper

Chrome extension broken

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Jasmine X.
3 months ago

After for about five months with World Trade Commodities Exchange, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.

Pros: Regular updates|Easy withdrawals|Quick verification|Market news feed

Cons: No phone support on weekends|Minor UI glitches occasionally

Took my money and went silent

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Alex H.
4 months ago

I lost a significant amount because World Trade Commodities Exchange did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.

Pros: Professional team|Personal attention

Cons: Search feature is basic

Education is just sales pitch

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Wesley K.
5 months ago

World Trade Commodities Exchange seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: Transparent fees|Portfolio tracking tools|High security standards

Cons: No live chat on mobile|Limited cryptocurrency options

Ombudsman said they are uncooperative

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Karen T.
5 months ago

I signed up with World Trade Commodities Exchange after my brother mentioned them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

Pros: Helpful community forum|Multiple order types|Automated trading options

Cons: Onboarding videos are outdated

CFD pitch was aggressive

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Maya I.
6 months ago

The only good thing about World Trade Commodities Exchange is that they remind you why regulation matters. I found them after my brother mentioned them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.

Pros: Economic calendar|Educational resources|Clean UI|Regular platform improvements

Cons: Slow to add new assets

Requote on winning trades only

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Wyatt X.
7 months ago

If you are reading this considering World Trade Commodities Exchange - run. I wish I had read more negative reviews after attending a webinar they hosted. I thought the positive ones were real. Maybe some are. My experience over for a couple of months now has been so bad I feel obligated to warn others. Do not make my mistake.

Pros: Full transparency|Detailed reporting|No hidden fees

Cons: Desktop app not available on Linux|Currency conversion fee exists

Dealing desk manipulation

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Mark I.
8 months ago

I am in a dispute with World Trade Commodities Exchange 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: Tax reports included|Multiple order types

Cons: No dark mode on mobile|Limited social trading features

Labeled as bonus abuser

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Stephanie F.
8 months ago

Opened my account with World Trade Commodities Exchange after hearing about them at a conference and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.

Pros: Easy withdrawals|Intuitive for beginners|Customizable dashboard

Cons: Wait times can be long during peak hours|Limited ETF selection