In the case of bank transfers, all requests are processed within 1–3 hours during the working time of the broker’s financial department. However, deposits via Skrill, Neteller, Visa, Mastercard and crypto are instant. Below is a tabular review of the various deposit methods and the processing time. The broker claims to offer competitive spreads as compared to other forex brokers. Depending on the market’s volatility, clients can expect to pay a minimum spread of 0.6 pips on trading pairs like GBP/USD and EUR/USD.
Overall, the range is suitable for most traders either beginners or tradrs with experience, also we would mark that range of Products vary by the platoform you use also the entity of worldtradexFx. Spanning across the globe, worldtradex is subject to regulation by several authorities including the FSCA, MISA, and CySEC, reflecting the diverse regulatory landscape governing the activities conducted by worldtradex. 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.
worldtradexFX provides a highly accessible Copy Trading service, designed to benefit both beginners and experienced traders. This feature allows users to replicate the trading strategies of successful traders (referred to as “Master Traders”) automatically. Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts. Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform. The platform also provides hourly market analysis, training materials, and risk management tools, making it ideal for both novice and experienced traders. worldtradex offers a robust selection of trading platforms, including MetaTrader 4, MetaTrader 5, and a proprietary platform.
The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others. Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility. Additionally, the worldtradex platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation. Alerts and each executed order are notified through browser notifications.
Although you can deposit with your local currency, it gets converted to USD regardless. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS). Another decent addition I found on MT5 is the native economic calendar which shows the times of upcoming economic announcements that can impact your trades.
The broker offers a selection of 250 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary worldtradexTrader. In my view, worldtradex’s tight spreads, extensive research and educational materials, and diverse payment options truly reflect its innovative approach and dedication to meeting client needs. worldtradex extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the worldtradexTrader account.
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Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex. worldtradex offers trading accounts denominated exclusively in US Dollars (USD). worldtradex has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers. worldtradex may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. Perhaps the most damaging side of murky brokerage practices is the erosion of profits through hidden fees.
- The custom-built worldtradexFx mobile trading app features a simple yet functional user interface.
- I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI.
- Clients may find themselves locked into expensive contracts or be unknowingly compromising their data privacy—outcomes that damage both the client experience and the company’s reputation.
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 a low-spread broker. Before deciding to trade in any Worldtradex scam kind of financial market or financial instruments, you should carefully consider your investment objectives. Overall, we advise to check conditions based on worldtradex entity you wish too trade through.
worldtradexFX forex broker account registration and verification
With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. When it comes to education, worldtradexFX realizes the importance of your continued development and progress in the sector. They particularly cater very well for the new traders with an excellent basic training in forex including topics like how to get started with the broker, ECN trading, and technical analysis.
It lets customers make rapid and effective trades without unnecessary complexity, therefore supporting complex trading activities. Providing access to sophisticated charting tools and technical indicators, the platform effortlessly connects with MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Starting at 0.6 pip on main currency pairs like EUR/USD for all three account avialable at International trading, the broker offers reasonable spreads.
worldtradex Desktop MetaTrader 5 Platform
The worldtradexFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks. 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. 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. 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. When it comes to spreads and commissions, worldtradexFX works both with floating and fixed spreads. The floating spreads can start from 0 pips depending on your account type.
Risk Level
Customer service at worldtradex is through live chat or a support email address, which is a slight letdown as I prefer when companies offer phone support for urgent questions. I was impressed with the efficiency and low-cost approach to depositing and withdrawing with worldtradex. The range of deposit methods is decent, covering traditional, e-wallet and crypto, giving you a great choice of how to deposit (and withdraw) with no fees. I’d like to have seen an option for bank transfers as I feel most secure about this process. However, worldtradex has e-wallet options through Neteller and Skrill were also a positive as they also provide instant funding like the Mastercard option. These are two offshore regulators that allow worldtradex to provide secure financial services in 180 countries.
- For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques.
- In their review, they claim their European entity being largely unregulated is a red flag.
- It has a simple, yet effective user interface for trading various products such as currencies, stocks, and commodities.
- There may also be a fixed exchange rate in place to benefit you as a trader depending on location.
- worldtradexFX ensures that traders can access the tools and functionalities they need to succeed, whether they prefer simplicity or advanced analytics.
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. Below is the step-by-step guideline of registering with the broker via desktop. worldtradex enables traders to access popular commodities such as gold, silver, and crude oil.
worldtradex affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets. worldtradex offers services through Orinco Capital (Pty) Ltd, primarily for clients located in Africa. This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier.
Applications for foreign exchange trading appear as mobile software and computer software that enable people to perform transactions while watching foreign currencies on portable devices or desktop devices. 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. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. With competitive spreads, high leverage options, and robust security measures, worldtradexFX strives to provide a comprehensive trading experience tailored to diverse needs. Whether you’re a novice stepping into trading or a seasoned professional, worldtradexFX delivers the tools and features necessary for success in the dynamic world of financial markets. With 54B+ trading volume and 933K+ positions opened, Alvexo has grown to accommodate an ever-growing 300K+ members.
