Worldtradex is a reputable broker that offers competitive trading conditions on 300+ instruments, with spreads from 0.6 pips and zero non-trading commissions. The broker provides access to popular MT4/5 trading platforms and a proprietary WorldtradexTrader platform with advanced features. The company offers bonuses, contests, and a comprehensive education section to enhance traders’ skills. With a strong focus on the Asia-Pacific region and a growing global presence, Worldtradex has earned numerous awards for its services.
Are there any fees associated with depositing funds?
The essence of WorldtradexFX VPS lies in its dedicated virtual server, securely housed in a fortified data center. This server is precisely set up to be compatible with the MetaTrader 4 (MT4) platform, a widely recognized tool among forex enthusiasts. Yes, most of WorldtradexFX’s educational content is free to registered users. Yes, WorldtradexFX runs promotions or offers from time to time that may reduce trading costs. Building on the success of MT4, MetaTrader 5 (MT5) enhances its functionality by incorporating a variety of new features. These additions encompass an increased range of technical tools, extended timeframes, graphical objects, and the highly useful economic calendar.
In South Africa, Worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). From among the trading systems known as “Master Traders” to copy on Worldtradex’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends. These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. We hope, that reading all of the Worldtradex reviews you will find the answers to your questions.
Worldtradex provides a variety of educational resources aimed at enhancing trading skills. These resources are crucial for developing a solid foundation in trading principles and practices. During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days. In our review, the execution quality was positive across all accounts. Entry and exit orders were executed as intended, with only minor slippage observed.
Worldtradex is an international broker ideal for traders looking to operate under competitive conditions. It offers high leverage, a diverse range of instruments, and user-friendly trading platforms. 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.
Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products. Every professional forex broker must have a reliable, trusted trading platform for trading. Traders use several tools to gather information on what kind of analysis traders are using in this trade market. More than 2,840,000 of the essential bonus fund was valued in that field.
What happens to my open trades when I close an WorldtradexFX account?
WorldtradexFX’s VPS, free for all account holders, provides a secure and dedicated virtual server in a highly secure data center. You can use bank transfers, credit/debit cards, and various e-wallets to deposit funds. Before engaging in actual trades or investments, this feature is especially useful for those seeking to increase their proficiency levels through simulated practice. Yes, real-time statistics are available to track the effectiveness of your referrals. However, most bonuses have conditions that must be met before they can be withdrawn. An economic calendar, daily analytical posts, and automated technical insights via MetaTrader’s Autochartist plugin are all included in this section.
Nonetheless, the overall sentiment indicates that WorldtradexFX is dedicated to providing top-notch customer support, ensuring a smooth trading experience for its clients. The mobile trading app has also received positive feedback for its functionality and ease of use, allowing traders to manage their portfolios on the go. WorldtradexFX is a well-regulated trading provider ranked among the top 40 Forex and CFD brokers for Malaysian traders.
WorldtradexFX Base Account Currencies
Yes, with user-friendly interfaces and comprehensive tools, WorldtradexFX’s platforms cater to both novice and experienced traders. WorldtradexTrader is an WorldtradexFX-developed proprietary web-based trading platform. The platform is intended to provide a simple and intuitive trading experience, with only the essentials required for basic trading operations and no frills or advanced features. When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information.
Account Types Offered by WorldtradexFX
MetaTrader 4 and MetaTrader 5 play a major role in rapid order reversal and hedging promotion. The minimum deposit you can invest is $ 50, which is guaranteed at a much lower price than other brokers in the market. It is the best of WorldtradexFX to Worldtradex make a conventional offer that you can apply and accept.
- This deposit is compulsory if you would like to start trading with WorldtradexFX.
- If your account balance goes negative, for example, due to significant economical events, your account balance will reset to zero automatically.
- The platform itself is easy to use on both sides and provides you with a good ability to see the performance of other traders and a number of metrics.
- It is also very popular as it can automatically supply trades to the market.
- Regulation is one of the most important factors to consider when looking at forex brokers.
These tools effectively judge the market environment and make decisions that are most appropriate per the environment. They have options like Skrill and Neteller, which is fine, but I was bummed Paypal wasn’t there. Seems like a pretty standard thing these days.The minimum withdrawal amounts are all over the place too. Five bucks with Skrill, but gotta have a whopping $350 for a bank transfer in India! At least they tell you upfront how long it takes – one to three hours to process, which sounds okay. Though, they don’t mention how long the actual transfer takes, which could be annoying.Don’t get me wrong, they have a decent amount of ways to get your money out.
- The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature.
- The WorldtradexFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks.
- These are all very well-known and equally respected platforms which cater for almost every trader in the industry within some form.
- The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type.
Offers and Bonuses
Worldtradex Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros. This regulation does not provide significant protection for consumers. On the positive side, it allows Worldtradex greater flexibility in leverage and instruments while still serving clients from around the globe. Worldtradex operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as Worldtradex Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC).
You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. We would say from our experience that this broker has its license so you can use deposits or assets in this market.
I’ve been using WorldtradexFX for some time now, and what I particularly like is the simplicity of the whole process. Spreads are decent, starting at 0.6 pips, which keeps my trading costs down. Another advantage is that they don’t charge for deposits or withdrawals, which is a relief, as hidden fees are prohibitive for me. I mainly use MetaTrader 4, but it’s nice to have options like MetaTrader 5 and their WorldtradexTrader platform.
WorldtradexFX is honest, transparent, and a well-regulated broker by the Financial Conduct Authority (FCA). Their outstanding array of tools will be beneficial for most traders. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Yes, you can have both types of accounts open simultaneously with WorldtradexFX. Remember, your earnings from the WorldtradexFX Affiliate Program are commission-based and directly proportional to the trading volume of those who join WorldtradexFX through your referral link. Your commission is calculated https://worldtradex.online/ as a percentage of your trading volume. Yes, WorldtradexFX provides a variety of risk management tools, such as stop-loss and take-profit levels. Worldtradex is a broker that has operated for over 10 years and has been expanding during this time.
WorldtradexFX has a wide variety of over instruments available for you to trade with. You can download the WorldtradexFX app or also trade with WorldtradexFX through the MetaTrader 4 application on the Apple app store. You can make use of an option for Two Factor Authentications (2FA) with WorldtradexFX for increased safety. If you feel that WorldtradexFX is not right for you then at the bottom of this WorldtradexFX review you will find a lot of alternatives to WorldtradexFX. These benefits are what sets WorldtradexFX apart from all other online agents. You need to check all the advantages listed so you have a better understanding of WorldtradexFX.