You can develop EAs to 100% automate your strategy from analysis to execution, or set up risk management EAs to manage your risk on open positions automatically. In addition to traditional platforms, I did find that copy trading is available through the worldtradex Copy platform giving you an alternative approach to leveraged products like forex and gold. I was curious to know why they offer this as other brokers are not so generous when it comes to absorbing the swap costs. worldtradex said that offering swap-free accounts aligns with its business goal of serving a global clientele. The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions.
Out of the options available, I think MT5 is the best option with worldtradex as it has the most technical features while also offering all of the broker’s financial products. Minimum deposits at worldtradex will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which worldtradex entity you choose for establishing your trading account. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out worldtradex’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics.
The broker claims to process withdrawals by cryptocurrency immediately but withdrawals with bank payment could take 1-3 hours depending on the processing bank. You can access the broker’s copy trading service by downloading the copytrading app. The broker’s login process begins with a visit to the official site, worldtradexfx.com, on desktop or a click of their app on mobile. To login in, your email, password and captcha verification is needed.
Master’s Fees
Managing risk is of course a vital element for any forex trader and broker combination. worldtradexFX utilizes all of the tools that are in place with your trading platform to help you to do this. If you are outside the EU, then you will have access to the MT4 Micro account type. Here, if you have a USD base currency account, you can opt for fixed spreads that start at 2 pips on certain forex pairs. The proprietary cTrader app is easy to use, robust and well set out to assist mobile trade execution.
worldtradex is an exceptional platform, I really admire their creative ways of serving clients. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Verification can help ensure real people are writing the reviews you read on Trustpilot.
Tradable Instruments
It allows users to access their trading accounts, place orders, and manage their portfolios on the go. The app has received positive feedback for its intuitive interface and responsive performance. As a beginner trader, it’s essential to know the variety of instruments available to trade. worldtradexFX provides a wide range of trading instruments, including forex, commodities, and cryptocurrencies, making it easy for traders to diversify their portfolios. Compared to other brokers who offer more deposit and withdrawal methods available in the market, the broker here is lacking when it comes to the options provided.
Can I withdraw money from worldtradex?
In terms of worldtradex (for the region we were in), the only available customer support was live chat and a contact form. It would help at this point to remember that depending on where the company operates, it may not have a full customer support team for that region. worldtradex has a multitude of methods for depositing and withdrawing funds from your account. Remember that you will need to verify your identity if you wish to withdraw but not if you want to deposit and trade.
Mobile Trading
The worldtradex MetaTrader 4 account, also called the Micro Account, is for new investors. It allows them to start with small funds, hence the term ‘Micro Account’. Yet, if you still prefer to use high leverage, the international entity of worldtradex Leverage still allows so. Since the regulation demands strict follow of Forex business operations management, it is considered safe to open an account either with Cyprus, South Africa or an international worldtradex entity.
These are often hosted by experienced traders and market analysts, offering valuable insights for traders. Additionally, cTrader offers an integrated community chat feature, allowing traders to share trading ideas and insights. The cAlgo feature of cTrader is perfect for algorithmic traders, enabling them to build, test, and deploy automated trading strategies. The platform’s low latency and superior market depth ensure fast execution of trades.
Investment Programs and Account Types
I think having worldtradex Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade. At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold. If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style. Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors. If you are interested in automating share CFDs, MT5 is the only platform on worldtradex to provide this. One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your worldtradex account.
The promo codes, according to their customer support, is a unique offer for some new clients. Nevertheless, new users can always use the promo codes of worldtradexFx affiliates to receive bonuses or chat with the live support on their website to get the promo code. A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks. Most clients with high volume accounts have an adverse opinion about the company. They complain of worldtradexFx being a scam broker, denying them withdrawals and going on to block their accounts. After 324 reviews, worldtradexFx holds a rating of 2.997 out of 5 stars on Forexpeacearmy.
- It may be the former of those two options as what is in place already is fairly impressive; as demonstrated by the base language of the platform being able to be set in one of twenty-three different languages.
- “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning.
- While it is MiFID regulated, it is not publicly traded and lacks some major regulatory authorizations.
- We look forward to your response so we can address this matter promptly.Kind regards,worldtradex Rep.
- In this worldtradex Review, I’ll go through my findings helping you decide if worldtradex is a broker you should consider.
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). 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.
- That is, FCA requires some strict rules that agents must adhere to in order to obtain the license.
- These pairs range from major pairs like EUR/USD and GBP/USD to minor and exotic pairs, providing traders with ample opportunities in the forex market.
- worldtradexFX primarily focuses on forex trading, offering more than 30 currency pairs.
- They offer 230 CFDs on different things like forex, commodities, indices, and cryptocurrencies.
worldtradexFX Key Features
If you have any additional questions, you can contact us via live chat or email at We are always available to help.Kind regards,worldtradex Rep. Dear Mark,Thank you for taking the time to share your experience with worldtradex! We truly appreciate your kind words and are delighted to hear that you enjoy our instant deposits and withdrawals and responsive customer service. Ensuring a seamless trading experience for our clients is always our priority.We’re also glad that you find value in our 50% bonus credit on deposits. Dear Adrian,Thank you for your kind words and for choosing worldtradex as your trading platform! We are delighted to hear that you find our platform user-friendly and that you appreciate our Trade and Win feature.
With 300 markets I found worldtradex provides the major financial instruments most traders would focus on such as forex majors, gold, stocks like Tesla, or cryptocurrencies like Bitcoin. I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade. You can open a demo Worldtradex courses scam account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best. The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. 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. This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential.