đ Anyway, I joined them because their reputation speaks for themselves.Nonetheless, I was really surprised when I found out that itâs possible to trade crypto currencies here. I would have never guessed that this old broker Worldtradex website would be able to provide crypto pairs for trading. THis way, I can now have much more flexibility in my capital.For instance, if I now have 2x my capital, I can risk 2x more on my trades, this way I would be risking 1x of my own money. Or I can risk the same, but now I am risking much less of my own fundsđđWhat’s great here is education as well, actually a lot of it, and you can see how comprehensive it is! It is a regulated broker with a European license, which ensures safety for trading and protection for clients. It also provides negative balance protection in case of insolvency.
Brokers Similar to worldtradex
However, some FX specialists like Forex.com offer thousands of additional instruments, so itâs disappointing to find just 27 non-forex assets on the worldtradex platform. worldtradex is nice broker and they helped me a lot during my adaptation process. Their customer service indeed cares about the comfortability of clients. Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk.
How to Register worldtradex account
Also, an additional International entity worldtradex serves is located in St. Vincent & the Grenadines and newly established Nevis and Mwali branch in Comoros. Being an offshore zones, they do not define strict obligations to its financial registered firms, which may be a risky investment in case the firm is only based there. However, since worldtradex is additionally authorized by the European regulator it is considered to be safe to trade with them. worldtradex Broker is based on the ECN/ STP trading solution while all orders are routed and matched in the electronically configured network through the liquidity pools of institutional providers and market quotes. worldtradex supports the MetaTrader 4 platform, made popular through its support of trading robots.
worldtradexâs commitment to multilingual support enhances accessibility for clients from various regions, although itâs important to note that support is unavailable on weekends. The platform is available for all operating systems and fully compatible with EAs, hedging and equipped with advanced technical indicators, analytical objects, and charting tools. The asset being traded will affect these fees, which apply to both long and short positions. Swaps can be either positive or negative based on the interest rate differential between the two currencies in a currency pair. worldtradex does not charge particular fees for overnight holding of positions outside the average swap rates.
Metatrader 4
worldtradex offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which worldtradex transparently displays on its website. worldtradex deploys an ECN/STP execution model and does not manipulate quotes. Under its ECN XL account, worldtradex charges no trading commissions; it depends on competitive spreads to make money.
Whether you are bullish or bearish on broader market movements, worldtradex’s indices trading platform provides the necessary tools and resources to execute your trading plans with confidence and precision. worldtradex offers a suite of advanced trading platforms designed to meet the needs of both beginner and professional traders. The primary platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and worldtradex Trader, ensuring that traders can access the markets 24/5 from any device. These platforms are equipped with powerful tools such as advanced charting, real-time market data, automated trading capabilities, and user-friendly interfaces. Whether you prefer to trade on a desktop or on the go, worldtradex delivers a seamless trading experience.
Customer Reviews
worldtradex offers traders the core MT4 trading platform without third-party upgrades. Supported by the MetaTrader 4 (MT4) platform, which is well-known for its simple interface and strong trading capabilities, worldtradex helps beginners to run transactions and access learning materials. Furthermore, controlled by the Cyprus Securities and Exchange Commission (CySEC), worldtradex offers a degree of security very vital for new traders joining the market. The app improves analytical capacity by supporting several timeframes and graphic types.
- This feature safeguards your investments by preventing your account balance from going into a negative state, thereby mitigating the risk of unexpected losses.
- However, worldtradex has outdone many competitors by offering the kind of tight spreads youâd expect from ECN accounts without charging a commission.
- worldtradex offers traders a competitive commission-free trading environment.
- worldtradex is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account â a great way to build up experience before trading with real capital.
- These robust safety measures highlight the brokerâs dedication to safeguarding its users, making worldtradex a secure choice for traders who prioritize the safety of their trading activities and personal information.
- Its regulation contributes positively to its ratings for credibility and security.
The combination of educational tools and a well-regulated environment makes worldtradex a reliable option for traders looking to expand their knowledge while maintaining secure trading conditions. While worldtradex does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. Whether youâre trading major currency pairs or exploring commodity markets, worldtradex provides the necessary tools and instruments to engage effectively in global financial markets. In this worldtradex review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives.
- worldtradex supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill.
- They are solid and constant, in a way that high quality services were never compromised.
- To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking.
- worldtradex does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices.
- Bank transfers are subject to a US$500 minimum threshold and incur fees in excess of US$30.
The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders). However, worldtradex has outdone many competitors by offering the kind of tight spreads youâd expect from ECN accounts without charging a commission. The brokerâs customer support team are available 24/5 from Monday through to Friday. They can provide answers to all of your general, technical, and account-related inquiries. The support team can be reached via telephone, email, live chat, online form, and social media.
What Can You Trade on worldtradexâs Platform?
I appreciate the support team of the worldtradex broker for the help I get here in terms of conversations and questions that I ask about different issues. I was attracted by low margin requirements, high leverage and tight floating spreads. Together with the NDD/ECN executions, the brokerâs offer is far above the middle range of the industry.
This feature safeguards your investments by preventing your account balance from going into a negative state, thereby mitigating the risk of unexpected losses. Traders from these regions are prohibited from opening accounts or accessing worldtradex’s services. For a complete and updated list of restricted countries, traders are encouraged to check the worldtradex website. worldtradex rewards traders who refer friends and colleagues to the platform through its Referral Program. For each successful referral that opens an account and meets the trading criteria, both the referrer and the new trader receive a bonus.
This also applies to payments, and technical support, and the organization of trading. worldtradex provides quality trading conditions for traders who focus on MT4 trading and mainly Currency Pairs provided with low costs. In the vast landscape of forex brokers, worldtradex has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach. In this comprehensive review, weâll delve into the key features, trading conditions, and overall user experience that define worldtradex as a brokerage choice for traders seeking precision in the forex markets. Additionally, traders have access to real-time market data and analysis to help them make informed decisions.
The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager. You can also access the worldtradex MT4 platforms on Android and iOS smartphones and tablets. worldtradex employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers. https://worldtradex.bid/ worldtradex places paramount importance on trust and safety, strictly adhering to global compliance standards to protect its traders. The platform employs state-of-the-art security measures to safeguard both personal data and client funds, ensuring that all transactions and information are securely managed. By continuously updating its security protocols, worldtradex guarantees a secure trading environment for all its users.
Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. Our team rates worldtradexâs execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. We are also disappointed with worldtradexâs monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, worldtradex imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. The platform options could be expanded beyond MT4 to include other trading tools like MT5 or cTrader, for instance. Here, is simple, what else you may require, if the trading conditions, especially cost of trading is that transparent and affordable.
I think worldtradex could improve by offering more trading tools and educational resources to help newer traders. In addition to the selection of major withdrawal options making payment quite well-orhanized, we also notice the broker covers processing fees for both deposits or withdrawals. Yet, we advise always check with a particular payment provider in case of any other additional fees relevance or its possibility. Also, a recommended minimum deposit of $500 is suggested for those looking to maximize their trading experience and access additional features. However, worldtradex does not have a specific web-based trading platform; all trading is done using desktop or mobile applications based on MT4 software.
