Traders will be relieved to know that no fees for withdrawals or deposits are charged by WorldtradexFX and fees incurred by its payment processors are covered. Therefore, traders looking for the best fees in addition to more tradable instruments should consider the MT5 pro account. In 2018, WorldtradexFX launched a copy-trading feature to entice more traders to the market, helping increase profit and offer different fund management options. This will help protect you from losing more money that you have in your account. In other words, the broker cannot use your money for the purposes of its own operations and if anything happens to the company, your funds would be safe. It also means that all withdrawals requests can be instantly met without any kind of liquidity crunch.
There are a total of 51 charting indicators provided, and 31 drawing tools also. 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. Here are some of the spreads we found on the most commonly traded assets with WorldtradexFX as an example. In some places, you will also be allowed to make deposits through Bitcoin. In terms of the time it takes, wire transfers can take 3-7 business days to complete, while the other deposit methods are all typically instant.
WorldtradexFX Review 2023
I’ve been using WorldtradexFX for about eight months and, on the whole, my experience with their trading platforms has been satisfactory. They offer MetaTrader 4, MetaTrader 5 and their own WorldtradexTrader platform (which I prefer the most). MetaTrader 4 is intuitive and perfect for basic operations such as opening and closing trades or checking market conditions.
- It offers high leverage, a diverse range of instruments, and user-friendly trading platforms.
- It is rare to find a company with such a commitment towards its customer relations when many firms are accused of being purely for profit.
- I’ve also had good experiences with their customer service – they’ve always responded promptly when I’ve needed help.
- In doing so, we often feature products or services from our partners.
- If you want to gain a transparent trading experience, create an account with WorldtradexFX Broker.
Forbidden trading techniques
This section of the site is well supported by the Customer Services and the Education sections of the site. There is also a dedicated VPS (Virtual Private Server) for ‘algo’ traders. Worldtradex is so confident about its pricing that there is a section of its homepage dedicated to sharing the live spread on some major forex pairs. Even a quick glance establishes why the firm is so willing to share. It has several entities around the world and provides services by industry standards.
WorldtradexFX Islamic Account
A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services. The Worldtradex mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action. From the Worldtradex app, users can open positions in the Worldtradex account as well as in MT4 and MT5, which can also be done using those specific applications. This means the app provides complete control over all open accounts and displays the full Worldtradex cheating trading history.
The processing time can vary from 30 minutes to three business days, depending on the method and conditions. Withdrawals can be initiated from the website dashboard or through the mobile app. Worldtradex offers trading accounts denominated exclusively in US Dollars (USD).
Like the MT4 platform, this platform allows you to trade on a computer, and mobile, either on iOS or Android. For example, the winner of the Champion demo contest will win $1,000 which will be credited to your account. The weekly cTrader competition is a draw with a prize of $400 for the lucky winner.
Worldtradex Supported markets vs top competitors
With more than 10 years of experience in the trading industry, we checked WorldtradexFX in detail. Worldtradex extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the WorldtradexTrader account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. WorldtradexFX is a foreign exchange broker registered in the St. Vincent and the Grenadines, a tiny nation in the Caribbean. It started https://worldtradex.pro/ offering direct market access-based brokerage services to clients in 2011. In line with the desktop version, the Worldtradex trading app is execution-focused.
All accounts offer only 28 currency pairs and depending on which account you have opened, you might get access to only 4 metals, 2 energies, 10 indices, and 3 cryptocurrencies to trade. The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive. It is possible to trade forex, metals, soft commodities, single stocks, indices, energies and a choice of five cryptocurrencies. The MT4 account demonstrates the limited selection by only offering four stock indices (AUS200, GER30, NAS100, US30). In terms of tools, traders can choose the most convenient platform among Worldtradex Trader, MT4, and MT5.
- Please feel free to reach out to us anytime at again for choosing Worldtradex, we’re proud to be a part of your trading success!
- The dashboard, or client portal, provides relevant information and tools regarding the account.
- When it comes to offered assets for trading, WorldtradexFX has one of the lowest numbers of assets for trading.
- This company is a very large trading platform, so you can safely place your deposits or assets here.
- This will help protect you from losing more money that you have in your account.
These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. 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. The firm also offers one of the most responsive and knowledgeable customer support teams and an informative and clear educational section.
Worldtradex FX Charting and Tools
We also explored the trading assets and products Worldtradex offers for beginner traders and investors who prefer not to engage in active trading. For Standard accounts, Worldtradex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these. The selection of passive income options is limited, with copy trading being the only option available.
It features attractive charts for all three account types, allowing trading and modifications. From a trading perspective, the app is comprehensive, including an economic calendar and a section called “Space,” which features posts about different market assets filtered according to the trader’s interests. I’ve been using WorldtradexFX for a few weeks now, and I’m finding it a decent platform to get started in forex trading. The dashboard is easy to navigate, and it shows everything you need at a glance – currency pairs, spreads, and live prices.
These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. While the regulatory situation of WorldtradexFX is adequate, it is not among the best-regulated brokers in the world. At the end of the day, if regulatory oversight is important to you, we recommend that you open an account with its European subsidiary as it is regulated by the Cyprus Securities and Exchange Commission.