World Trade Platform is a contract for difference (CFD) broker officially registered on February 3, 2024. This broker offers numerous trading markets through platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, etc. It does not operate in the United States, Canada, Israel, New Zealand, Iran, and North Korea.
Corporate Registration and Regulatory Status:
According to the official website of World Trade Platform, it is registered in Seychelles as Raw Trading Ltd, with the company registration number 8419879-2. This entity is authorized and regulated by the Seychelles Financial Services Authority (FSA), with license number SD018.
Upon verification, the FSA's official website reveals that Raw Trading Ltd is a business entity registered in Seychelles by the broker IC Markets, with its approved websites being https://www.icmarkets.sc and https://www.icmarkets.com. Moreover, the "Contact Us" page of World Trade Platform still contains the contact information of IC Markets, indicating that this broker is a fraudulent website masquerading as IC Markets.
Additionally, the website design of this broker is plagiarized from IC Markets, similar to other scam brokers such as Ok247Trade, Forex Value Market, Slingbitify, Amazing Live, Robotradx, Eztimatefx Trade, and more.
Opening an Account:
To open an account with World Trade Platform: visit the broker's official homepage, click "Get Started" or "Start Trading" at the top right corner of the page to access the account registration page, fill in personal information such as name, email address, phone number, and set a login password before submitting. Once submitted, the account registration will be successful.
Trading Accounts:
World Trade Platform offers three different types of trading accounts: cTrader Account, Raw Spread Account, Standard Account.
cTrader Account:
- Trading Platform: cTrader
- Commission per Lot: $3.0 (Round turn $6.0)
- Spreads from: 0.0 pips
- Minimum Initial Deposit: $200
- Leverage: Up to 1:1000
- Maximum Orders per Account: 2000 lots
- Server Location: London
- Micro Lot Trading (0.01): Supported
- Currency Pairs: 61
- Index CFD Trading: Supported
- Stop Out Level: 50%
- One-click Trading: Supported
- Islamic Account: Available
- Allowed Trading Methods: All
- Restriction on Order Distance: None
- Programming Language: C
Raw Spread Account:
- Trading Platform: MetaTrader
- Commission per Lot: $3.5 (Round turn $7.0)
- Spreads from: 0.0 pips
- Minimum Initial Deposit: $200
- Leverage: Up to 1:1000
- Maximum Orders per Account: 200 lots
- Server Location: New York
- Micro Lot Trading (0.01): Supported
- Currency Pairs: 61
- Index CFD Trading: Supported
- Stop Out Level: 50%
- One-click Trading: Supported
- Islamic Account: Available
- Allowed Trading Methods: All
- Restriction on Order Distance: None
- Programming Language: MQL4
Standard Account：
- Trading Platform: MetaTrader
- Commission per Lot: $0.0
- Spreads from: 0.6 pips
- Minimum Initial Deposit: $200
- Leverage: Up to 1:1000
- Maximum Orders per Account: 200 lots
- Server Location: New York
- Micro Lot Trading (0.01): Supported
- Currency Pairs: 61
- Index CFD Trading: Supported
- Stop Out Level: 50%
- One-click Trading: Supported
- Islamic Account: Available
- Allowed Trading Methods: All
- Restriction on Order Distance: None
- Programming Language: MQL4
Trading Platforms:
World Trade Platform claims to offer trading platforms such as MT4, MT5, and cTrader, yet it does not provide relevant download links, nor can a broker named World Trade Platform be found on these platforms.
Deposits and Withdrawals:
World Trade Platform supports deposits and withdrawals using credit/debit cards, e-wallets, and bank transfers.
Conclusion:
Traderknows reminds investors that World Trade Platform is essentially a cloned scam website that imitates the broker IC Markets. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
