However, the company’s offshore entity is not regulated by a tier 1 regulatory body, which offers a less sense of security. It allows clients to learn and try multiple risk management strategies without any deposit. The worldtradexFX Demo Account is essentially a practice account With which users can understand and get familiar with various features of the Forex trading platform before committing real funds. However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves. However, for live account types, clients must complete the KYC process before initiating positions or withdrawals.
worldtradex holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system. worldtradex’s market research is well organized and varied in its content. Rather than specializing in any one field, worldtradex provides a wide assortment of content types.
- You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge.
- A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks.
- The MetaTrader 5 mobile app also provides many order types, including pending and stop orders.
- worldtradex (worldtradexFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices.
- Research tools provided by worldtradexFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you.
In addition, worldtradex provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues. One key factor distinguishing worldtradex is that it does not charge swaps. The MT4 account, also called traditional account, is an account type used by new and experienced traders alike. It not just offers excellent trading and analytical tools, but is also flexible enough to implement simple, as well as, highly complex trading strategies. The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks.
Exness is licensed by respected authorities like the FSA (Seychelles) and CMA (Kenya), ensuring your trades are always in safe hands. Access free trading courses, live webinars, and expert sessions to grow your knowledge at your own pace. For most pairs, a pip equals 0.0001, but for pairs with Japanese Yen, it’s 0.01. The figures below reflect the available leverage at the offshore entity of worldtradex. Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on shares.
worldtradexFX Minimum deposit
When key facts are withheld or not communicated clearly enough, clients are left operating without a clear understanding of the risks or obligations involved. There is no way you can trade indices directly, but you can trade contracts on indices with worldtradex. This way, you can make profits just by correctly predicting how an index is going to change. Also, this type of trading allows an indices trader to use leverage, increasing potential profits. A market index is a score that measures the performance of a group of assets.
A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks. Lastly, low spreads, user customized account types, 0% commissions, fast payouts and a rich educational library are the company’s strong points. Although worldtradexFx is regulated by just 2 regulatory bodies, it does business in multiple jurisdictions worldwide.
How much are Non Trading Fees with worldtradexFX?
- worldtradexFX Copytrading offers the opportunity to automatically copy featured traders without spending much time creating their own strategies.
- Their personal support is also genuine andcustomer care executives seem to eagerly resolve client queries and problems.
- worldtradexFX allows traders to select from a number ofplatforms for the biggest cross-section of trading preferences and levels.
- The broker’s range of forex trading products is limited to MT4, MT5, and worldtradexTrader but still provides a service to every trading style thanks to the MetaTrader options.
- Major indices represent entire national economies, so you can find trading opportunities by analysing any kinds of political and financial news.
Additionally, their competitions and trading bonusesadd an edge to their brokerage. For novice and even experienced brokers, worldtradexFX offers a wide rangeof educational materials. worldtradex provides a fast service for its withdrawals by sending your funds within 30 minutes after being approved. Approval of the funds can take from 1-3 hours depending on when you make a request.
Supported Countries
The account is available on both MT4 and MT5 trading platforms, and comes with market execution. worldtradexFX supports the popular trading platform MetaTrader 5 (MT5), widely appreciated for its advanced analytical tools and user-friendly interfaces. The broker caters to traders of all experience levels, offering educational resources, demo accounts, and low-deposit entry points, making it particularly suitable for beginners. worldtradex (formerly worldtradexFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilized by clients from 180 countries with more than 40+ million trading accounts. worldtradex is a technology-based brokerage company and Forex broker that offers an industry-leading platform Metatrader4 and MetaTrader5 with numerous investment opportunities and great capabilities.
Best Forex Trading App in India
worldtradexFX does not charge any fees for withdrawals and also covers any fees imposed by payment systems, allowing traders to withdraw funds without incurring additional costs. Both platforms are available on desktop, web, and mobile devices, ensuring seamless trading across various operating systems. They also offer real-time market updates, one-click trading, and multiple order execution options to enhance trading efficiency. For withdrawal requests, the processing time is almostinstantaneous and validated through an email.
The “Space” section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app. worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, worldtradex will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment. Copy trading is also available, allowing clients to automatically replicate the trades of other selected traders. Furthermore, through MetaTrader, clients have the opportunity to become “Master Traders,” enabling their trades to be copied by others, for which they receive an income.
We don’t feel there are many surprises with worldtradex pricing, which is a good thing. Tight spreads and no commissions make this one of the more affordable forex brokers. This combined with no fees for withdrawals, and no inactivity fee makes this a straightforward platform in terms of pricing.
As a licensed broker that obliges to safety measures, worldtradex Cyprus offers only Bank Wire Transfer for its European clients. As for the international entity it also includes Credit Cards, e-wallets and other methods which you may check with customer service before any transfer is done. The “Space” functionality, which provides tailored trading ideas and market analysis straight on the platform, is one prominent feature. This function gives pertinent insights in real-time, hence improving decision-making. The technology also ensures quick order execution and device synchronization, therefore enabling traders to move between desktop and mobile easily.
worldtradexFX Trading Instrument
In this course, I had access to 11 video lessons that lasted roughly 5-10 minutes but went into detail about how to trade forex. You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge. This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question.
Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD. worldtradex has a decent selection of 34 cryptocurrencies covering Bitcoin, Ethereum, Ripple, and Litecoin which is a healthy selection of highly liquid crypto markets. If you prefer to trade less liquid and higher risk assets you also have access to altcoins like Dogecoin to speculate on. I found the account opening process to be rather straightforward where you complete an application filling your personal details and choose the platform you wish to work with.
worldtradex has competitive spreads in some instruments such as EUR/USD and impressive research written by in-house analysts. Moreover, worldtradex is a crypto-friendly broker – traders can choose from 34 CFDs on cryptocurrencies and make deposits and withdrawals in crypto. worldtradexFX is a good ECN DMA broker choice and great for scalping, hedging, and autotrading.
I like that it updates in real-time and displays on your charts which I found useful to avoid opening trades during high-impact announcements like US GDP or Non-farm Payrolls. I find MT4 makes it easy to customise your charts with 9-time frames from day to tick charts and 3 chart types including bar, candlestick and line. This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4. Even at 0.90 pips, I found it’s roughly 18% cheaper than my industry average tests of 1.11 pips for EUR/USD, positioning worldtradex as Worldtradex review a low-spread broker. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
Recognized as a reliable broker as worldtradex operates for many years, it is fit for most traders, especially International traders since worldtradexFX proposal internationally is much wider and better quality too. Yes, it offers a referral program where users can get to invite friends for incentives. The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot. However, the offshore entity of the broker is regulated by just a 3rd tier regulatory body. Online reviews have revealed that this isn’t quite significant enough to call the broker well regulated. No, the broker does not offer real shares as part of its trading instruments.