Trading platforms are based on MetaTrader 4 and 5 which are known for their reliability and advanced trading features. Micro and Standard accounts have slightly wider spreads compared to Ultra Low accounts, but both are eligible for the worldtradex Loyalty Program. I guess worldtradex support is an award-winning one cos if not they really deserve it. I threw every possible question at them and props to Sophia for responding very patiently.
Potential negatives, meanwhile, include inactivity fees, a small product range, and unavailability for American traders. However, brokers like IG or CMC Markets provide more options for those seeking a broader variety, particularly in stocks and cryptos. BlackBull also offers a superior range of overall trading opportunities, with over 26,000 instruments available to suit various trader preferences. I expected worldtradex to offer a dedicated account type for experienced traders with substantial trading volume or portfolio size. Unlike ActivTrades, which provides professional accounts with benefits like higher leverage, reduced stop-out levels, and dedicated account managers, worldtradex caters primarily to a broader range of traders. Basically, if you are a trader from the country that regulates the broker, you will follow the rules of your country.
Which Account Types Are Available with worldtradex?
If you are one of those traders, Axi can be a good alternative if you are looking for a broker with crypto funding. The worldtradex economic calendar can keep you up to date with the latest news releases which can be filtered according to the currency pairs, dates and impact relevant to your trading. The calendar shows what news is being released, when it is being released and the expected impact that it can have on the market. Don’t worry if you are not trading enough volume, you can still request the worldtradex VPS in the Members Area for a $28 monthly fee. This is a very reasonable fee for a VPS, I pay around $30 for mine and it is fantastic for running automated systems around the clock.
Each year, we collect thousands of data points and publish tens of thousands of words of research. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. worldtradex Group estimate the account opening process to take an impressive 2 minutes to complete.
The Micro option allows trading inmicro-lots (1,000 units of the base currency), creating a low-risk environmentideal for beginners or for testing new strategies. Whether you prefer cautioustrading with smaller volumes or larger trades for greater returns, this accountadapts to your needs with competitive spreads, and access to a wide range oftrading instruments. Additionally, the account includes an Islamic option,providing swap-free trading in compliance with Sharia law.
Overall, worldtradex offers a quick and easy withdrawal mechanism for its users. Users of both Android and iOS devices can enjoy flawless trading with the worldtradex MobileTrader app. The app lets traders run orders, track positions, and access real-time market data on the go, therefore preserving all vital aspects of the desktop platforms. Advanced charting tools, technical indicators, and customized notifications keep users informed about changes in the market.
Is worldtradex Suitable For Beginners?
Our overall experience trading on worldtradex has been positive, with consistently fast execution on trades. While trading highly liquid instruments during both Worldtradex website the European and US sessions, we encountered a mix of slippage along with price improvement, typically within a range of no more than two pips either way. In our opinion, the withdrawal hierarchy process may cause confusion, leading to some of the dissatisfaction, delays, and payment issues mentioned in some of the client reviews.
- Their tables include spread rates but also detail if any other commissions might apply and what financing rates on trades might be.
- From the previous discourse, it can be concluded that the largest-selling point of worldtradex broker is its trading reliability across a diverse range of forex markets.
- worldtradex Group offers a strong selection of trading platforms and tools, including MetaTrader 4 and MetaTrader 5.
- This type of account already includes features such as negative balance protection and trading bonuses; however, there are no deposit bonuses yet.
- They can give you negative balance protection which means that you are not at risk of losing more than the account balance.
Client Support
You should only engage in any such activity only if you are fully aware of the relevant risks. worldtradex Group has over 450 employees with customer service in over 30 languages available 24/5. Well, in my opinion, 24/5 support is enough as long as they don’t provide cryptocurrencies trading (which is the only market opened 24/7). You can automate your analysis and gain access to the proprietary indicators by contacting your personal account manager at worldtradex Group who will be happy to get you started and provide you with assistance.
SOCIAL TRADING & COPY TRADING
It’s important to note, though, that using the platform doesn’t automatically ensure profitable outcomes. worldtradex complies with global regulatory laws, and safeguards its clients’ funds by keeping them in separate bank accounts. worldtradex stands out for its Islamic trading options, offering a dedicated Islamic account that adheres to Sharia law. This account type does not charge swap fees, which are considered a form of interest and thus prohibited in Islamic finance.
For traders looking for diversity in their investment methods, worldtradex’s wide range of tradable assets makes it a strong option overall. Although worldtradex has a strong reputation for regulatory control under agencies such as ASIC and CySEC, prospective customers should still be wary of fraud and confirm the broker’s legitimacy prior to trading. For many traders, worldtradex is a trustworthy option since it shows overall financial stability and openness, also is stable along the years Broker operation, we haven’t find breaches of law or heavy penalties. Besides, worldtradex is one of the Brokers that operates more than a decade and is quite well-established and known for transparency brand in trading environment. The main idea of the regulation is that the trader can trade securely, knowing that clients’ funds collaborate according to the strictest rules with minimized risks of fraud or unfair use. worldtradex Broker operates its trading environment according to the regulatory measures making it a reliable and safe broker.
Trading Point MENA Limited is regulated by Dubai Financial Services Authority (DFSA). The broker provides negative balance protection to its clients from EU and Non-EU. The primary sources of income for worldtradex are spreads and trading commissions. The spreads at worldtradex, which include a mark-up, start from as low as 0.6 pips.
- My chase led me to the worldtradex, where I found a treasure trove of academical stuff for traders of all levels.
- I am quite lucky to end up here because this broker is well-known for being one of the most respectable and decent ones in the whole industry.
- These instruments give traders insightful analysis and enhance their capacity for making decisions, therefore empowering them.
- However, unlike publicly traded counterparts including Plus500 and IG, worldtradex’s private status limits the availability of financial disclosures.
- worldtradex facilitates its traders with various trading tools and education to help them become better traders.
I don’t usually require assistance from the account manager as I have been trading for many years. However, it is a great option if you are new to trading and need some guidance along the way. When it comes to data protection, worldtradex broker does not disclose users’ private information and strives to provide them with the best possible trading conditions. worldtradex broker is regulated by three financial authorities and strives to keep its platform secure for users around the world.
You will need to provide accurate information as these will be verified later using a government-issued ID. Learn how regulators protect traders and how the Forex market is regulated. worldtradex has some of the best beginner and advanced learning material in the industry, with additional daily market analysis for free to all clients.
Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. I think it is important to conduct some form of fundamental analysis, rather than relying solely on market analysis with technical indicators. I like to combine both of them along with price action patterns for a more in-depth insight into what the current market situation is. The worldtradex Market Overview section is dedicated to the latest market news, research and analysis.
Very clean charting and analytical process is so easy with the webtrader. There is always enough volatility even for non major pairs which is a great plus for a broker. To enable traders make informed decisions, https://worldtradex.bid/ worldtradex also offers useful tools, including daily market research, an economic calendar, and trading signals.
worldtradex is a broker with a great reputation and numerous regulations and a very wide range of trading instruments which we mark as its main benefits. Besides, the offering is user-friendly and worldtradex has one of the lowest deposit requirements among the industry, worldtradex the account can be opened regardless of a net of capital with only 5$. CFD costs we found average and platforms are very friendly to all types of traders. worldtradex supports with one of the best education including webinars and research materials, allowing to engage and start trading carer for complete beginners in trading. To evaluate brokers, we test the accounts, trading tools and services provided.
You can follow the latest market happenings and discover potential trading opportunities based on technical and fundamental analysis across multiple asset classes. The management team have hosted hundreds of seminars in over 120 cities to educate traders. They are a human company that put client satisfaction first which explains why they have such a high level of client retention and a loyal user base. The worldtradex calculators allow you to make accurate assessments at the right time to make the most out of your trades. They can save hours in time over the long run which is better spent doing other things like following the latest market news and keeping track of any open positions. As with most regulated platforms, worldtradex broker requires your personal information and details while setting up an account.