The differences are the platform and assets options, thats pretty much it. I presonally chose the second option that works with mt5, as the platform is more suitable for me. worldtradex ensures traders’ easy access to help by offering several lines of communication. Live chat is the main means of contact; it provides quick help and is open 24/7 in English, Hindi, and Urdu, among other languages.
For traders trying to cut non-trading costs, worldtradex’s attitude to extra fees stresses affordability and openness, which appeals. We admit high-tech access to a range of instruments and multiple platforms either for manual, algorithmic, or social trading. It is definitely a great advantage that worldtradex offers both industry popular MetaTrader platform and its own proprietary App.
- This is $50 minimum deposit within the EU with the account being available worldwide.
- Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion.
- worldtradex, with a trust score of 70, is regarded as having ordinary risk, thereby giving traders a fair degree of confidence about its dependability and operational integrity.
- While occasional delays may occur due to technical checks, verification processes, or other possible reasons, they are never related to cash flow issues.
Pros and Cons of Regulation and Safety of Funds
worldtradexFX’s extensive range of trading instruments, combined with Worldtradex flexible leverage options and competitive spreads, caters to both novice and experienced traders. The broker’s commitment to providing a diverse and cost-effective trading environment empowers clients to implement various strategies across multiple markets, enhancing their potential for success. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools.
worldtradex’s Educational Material
- The Champion MT4 Demo Contest is a risk-free trading competition for demo users.
- Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm.
- A 5% loyalty bonus and a point-based system that adds 1% to the earned rebate round out the program’s dual-benefit structure.
- For this reason, world authorities and regulators restrict leverage to use to specify safer levels for retail traders.
- Yes, worldtradexFX offers a demo account where you can practice trading with virtual funds.
Complete training in financial markets such as „Forex,“ „Stock Market,“ and „Cryptocurrencies“ only becomes comprehensive with tested trading tools and strategies. „Trading Finder,“ with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from „beginner to advanced.“ Overall, worldtradexFX can be summarized as a trustworthy and regulated Forex Broker with competitive trading fees.
Pros and Cons of worldtradexFX Trading and Non-Trading Fees
The technology also ensures quick order execution and device synchronization, therefore enabling traders to move between desktop and mobile easily. worldtradex Fees are ranked low based on our testing and compared to over 500 other brokers. 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. For traders—especially scalpers—this low spread structure is helpful since it lowers the total trading expenses and increases profit possibilities. In addition, there is a security of the traders’ accounts applied by the Investor Protection and Compensation Schemes in case the broker goes bankrupt.
This bonus is also withdrawable though you must meet certain terms and conditions set by the broker. MetaTrader is further renowned as one of the most comprehensive platforms in this area. You can further benefit from one click trading, the ability to order directly from charts, and regular price alerts. Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution. The slight difference between ECN and DMA in terms of the liquidity provided is that the typical ECN brokers liquidity providers are not known.
worldtradex is among the fastest brokers in terms of fund accessibility since withdrawal requests are handled quickly—usually within one to three hours. Still, the chosen payment method and geographic location could determine the real-time for money to get to the trader’s account. As a licensed broker that obliges to safety measures, worldtradex Cyprus offers only Bank Wire Transfer for its European clients. As for the international entity it also includes Credit Cards, https://worldtradex.space/ e-wallets and other methods which you may check with customer service before any transfer is done.
Trading Instruments
The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick. Periodically, worldtradex offers the worldtradexFX Champion Demo Contest, a monthly, risk-free trading competition using virtual funds. Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks.
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). worldtradex shows a dedication to transparency and financial stability for the years it started to operate under more reliable licenses.
Product Range
During certain events, worldtradex offers a bonus where you can claim up to a 100% deposit bonus. To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount. For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it. The threshold to access the bonus is high and requires a substantial trading volume.
I did find that you can only access all 52 pairs using the MetaTrader 5 platform, while the worldtradexTrader and MT4 only offer 32 pairs. With worldtradex being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow. This is a great tool if you scalp or day trade as you can use the data to find hidden support or resistance while helping you spot breakout trading opportunities. One of worldtradex’s impressive features I found was the no swap fees on all of its accounts. This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks. As an ECN (Electronic Communications Network) broker, worldtradex delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network.
List of Important Financial Assets Available at worldtradex
The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance. You also have a track record of the trader’s order history, giving you a transparent insight into the trader’s performance. Use our country selector tool to view available brokers in your country. He is a forex industry expert and an active fintech and crypto researcher. worldtradex provides live quotes and detailed spread information on its website. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
The available methods vary depending on the client’s residence and may include local bank transfers. worldtradex does not charge deposit fees, and processing times range from instant to a few days. While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use.
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