We want to assure you that at worldtradex, we do not impose any hidden fees on deposits, withdrawals, or trading profits. Any fees mentioned are typically those charged by third-party payment providers, not by worldtradex itself. Our spreads are competitive and transparent, designed to support fair trading for all clients.We take transparency and fairness seriously and are committed to providing a safe and reliable trading environment. If you have any questions or need assistance, please contact us at regards,worldtradex Rep. Founded in 2011 in Cyprus, worldtradexFX is a well-regulated broker with oversight in place from CySEC and SVG.
Does worldtradexFX have a proprietary trading platform?
Due to that, we highly recommend worldtradexFX as a great place to copy scammed by Worldtradex trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified. This can result in comparatively bigger movements than a well-diversified holding so is something to keep in mind. For those reasons, our team here at Investingoal is happy to recommend worldtradexFX as a top choice for scalping.
Does worldtradexFX have Research and Education services?
worldtradexFX provides a free demo account that simulates real-market conditions, perfect for beginners and strategy testing without financial risk. worldtradex offers a demo account for all of its platforms such as worldtradexTrader, MetaTrader 4, and MetaTrader 5. The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date. For experienced traders, or beginners looking to develop further, worldtradex also provides resources to learn 12 trading strategies including chart patterns like wedges and candlesticks like the hammer.
All of the same withdrawal methods are also available as your deposit method. That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill. These typically take 1 day to process or less, though a wire transfer may take longer. There may also https://worldtradex.live/ be a fixed exchange rate in place to benefit you as a trader depending on location.
Also, there is no commission based account soffered all Broker fee strucutre is based on spread, which is important to note for trades who prefere commission fee structure. worldtradex has recently announced about it going swap-free in all the regions it operates. Now, leaving their orders open overnight, traders won’t be obliged to pay overnight fees. Due to this traders will no longer hesitate to use mid-term and long-term stategies. This means, worldtradex clients are free to hold as many orders as they wish for as long as they want.
- It includes 21 timeframes and over 80 technical indicators, therefore enabling thorough market analysis.
- On the negative side, traders should make sure to check the proposals, as worldtradex is an international brand and a Cyprus one offers slightly different conditions.
- People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
Deposit and Withdrawal Options
THerefore, is slightly hard to evaluate worldtradexFX since International codnitions are overall good, and EU are limited compared to industry. ALso, the points worldtradex does not win include instrument selection, lack of commission based accounts and more of the basic choice of platforms, buut spreads and costs at worldtradex are considered good. While other Brokers like Pepperstone or worldtradex, also IC Markets might be more appealing for platforms fees, education and their high reputation too. worldtradex ensures traders’ easy access to help by offering several lines of communication. Live chat is the main means of contact; it provides quick help and is open 24/7 in English, Hindi, and Urdu, among other languages. The mobile app is also offered for both platforms, while apps are simple to use and offer a wide range of tools at the same time.
Account Types
worldtradex offers a range of trading opportunitites mostly targeted on Contracts for Difference (CFDs) among several asset classes, however there is no classsic Investment Plans or Opportunitites provided by worldtradexFX. worldtradex also keeps a thorough FAQ section on its website to answer often-asked questions about trading and account management. The broker also actively appears on Facebook, Twitter, and Instagram, offering still more means of communication.
#4 Enter Personal Info & Choose Account Type
If you are trading from outside the EU, the minimum deposit will be $25 with the worldtradexFX Micro account. Matching your base currency to that of your deposits and withdrawals can be an important way to help you save on paying conversion fees which ultimately increase your cost of trading. The worldtradexFX MT5 pro account is one which they recommend for the more experienced traders.
- 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.
- worldtradexFX doesn’t charge traders any commission for holding an order overnight.
- Added to that the fact they do only offer a limited range of base currencies and not many deposit or withdrawal methods and you can see the limitations of this otherwise popular broker choice.
- worldtradexFX utilizes all of the tools that are in place with your trading platform to help you to do this.
- worldtradexFX offers access to 277 tradable instruments across five asset classes, from the Forex market to digital assets.
It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders. The broker has also been operating for 12 years, which is a strong signal of safety in my book. If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style.
As for education, I found worldtradex provides a consistent stream of webinars with professional traders through a live trading session aimed at all levels. You can experience an “over the shoulder” session with a trader which is helpful to get professional feedback on current market events. With 300 markets I found worldtradex provides the major financial instruments most traders would focus on such as forex majors, gold, stocks like Tesla, or cryptocurrencies like Bitcoin.
It’s good to see worldtradex offer MetaTrader 4 as it is one of the most recognised trading platforms for retail forex traders in Malaysia thanks to its advanced charting tools. I like that out of the box you have access to 30+ technical indicators from moving averages to Bollinger bands and 24 analytical objects making on-chart technical analysis simple. worldtradex’s trading environment is best for regular market participants for active traders. However, at times High-volume traders or like pattern traders might find it as limitation since commission basis account is preferred for easier calculation of trading costs. 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. I was surprised most by the worldtradexTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis.
worldtradex has good educational and training tools for beginners as well as expert traders. According to data, traders using worldtradex’s educational content tend to make a larger profit which is indeed a benefit. worldtradex research upholds elite-level online training & education quality that is grounded firmly on empirical and social science. The broker’s focus on providing comprehensive education, assuring its client’s best understanding of the market, has resulted in two ‘Best Education Broker 2023’ awards from Forexing.com and Holiston Media. worldtradex Cyprus entity together with its operations established under ESMA rules offers lower leverage levels as defined by the regulator. This means that European traders or those clients that are registered with worldtradex European entity will fall under ESMA regulation Leverage.
This bonus is also withdrawable though you must meet certain terms and conditions set by the broker. You can access strategies to follow through the community forums and program your own with MQL5 and C# fully supported. The minimum order size you can expect when trading with worldtradexFX is 1 micro lot. This is the same as 0.01 standard lots, or equal to $1,000 in cash value. If you need an worldtradexFX Islamic account, then these are also available. Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of worldtradexFX in the area.
worldtradexFX Broker Awards
Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Yes, through the worldtradex Copy app, users can replicate the trades of experienced Master Traders. You can track performance metrics, manage multiple traders, and withdraw profits anytime. Traders can choose from MetaTrader 4, MetaTrader 5, and worldtradex Trader, a proprietary platform with advanced features. Each platform is available on desktop, web, and mobile, offering flexibility and full trading functionality.
