worldtradex FX Trading Platform Reviews, FAQs, Pros and Cons

In my tests, I received speedy responses—the same day for email and a wait of just a few seconds for live chat. Despite the lack of phone support, I rate worldtradex as average in this category. worldtradex does not currently charge swap fees – the charge for holding leveraged positions overnight. Trading costs such as spreads are clearly explained on the Spreads and Conditions page.

What is the maximum leverage available on worldtradexFX?

Once your account is verified, log in to your account, and from the personal area click on “open demo account”, then select the trading platform that you want. worldtradexFX offers you CFD trading, where you do not physically own the product, but you trade on the price difference at a future point. It is a faster way to implement trades and it is commonly used among all brokerage firms. Also, segregated accounts ensure that the broker is not using the traders’ money for any arbitrage activity, or for any money laundering purpose. worldtradexFX is regulated by two regulatory authorities that supervise the legit business conduct of this broker. The CySEC and IBC (St Vincent and the Grenadines) allow traders to reach more clients in different regions.

MetaTrader is also popular due to its copy trading and automated trading features. The EU entity of worldtradex clearly states its regulatory status in the website’s footer. The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page. However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity. While you cannot invest in indices directly, with worldtradex you can trade contracts on them. Instead, you can make profits by predicting how an index is going to change and opening a corresponding long (Buy) or short (Sell) position.

Again the platform is available on all mediums and a webtrader is offered. As a trader, you will find a range of features available at worldtradexFX to suit your needs. Here is a closer look at a few of these features and how they can benefit you as an worldtradexFX trader.

ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years. About BROKSTOCK Brokstock delivers real-time market data, charting capabilities, and user watch lists for effective trading. JustMarkets Trading App seems to be a great option for traders looking for an easy place to trade with reasonably low spreads and more instruments.

worldtradexTrader—it’s personal

• That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill.
• The only real difference here being that as a master you can earn commission.
• Trading regulations differ between regions, so the leverage may change depending on where you live.
• worldtradex clients with an MT4 account can also elect to become Master Traders.
• Trades on the Forex market are usually concerned with finding the minimum slippage time possible.

72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. The Best Free Forex Trading app will depend on the users themselves. The list of the best forex trading apps in South Africa may help narrow down the choices. The Exness MetaTrader 5 application is an effective mobile trading solution that opens the financial markets to traders from any location. From forex and stocks to commodities, indices, and even cryptocurrencies, worldtradex gives you access to a huge range of financial instruments, perfect for building a diverse trading portfolio.

Make sure you provide correct information if you want your account to be successfully verified, you will need to provide supporting documents that verify the information that you insert here. You may find common cryptos like Bitcoin and Ethereum which are the most popular crypto coins. Also, you may find less traded cryptos like DOGE and Shiba Inu, then trade using the benefit from any market buzz which can cause the prices to fluctuate sharply. Trades on the Forex market are usually concerned with finding the minimum slippage time possible.

What Leverage Does worldtradex Offer?

This feature allows users to replicate the trading strategies of successful traders (referred to as “Master Traders”) automatically. The platform also provides hourly market analysis, training materials, and risk management tools, making it ideal for both novice and experienced traders. It is also famous for efficient and friendly customer support, fast withdrawals of money, and a secure trading platform that fits mobile trading. In addition to controlling your trading accounts and monitoring balance statistics, the worldtradex app has added integrations with trading platforms so you can start trading quickly and easily.

Whether you prefer trading currencies, stocks, indices, commodities, or cryptos, you can find your favorite financial security at worldtradexFX. Using floating spreads and variable leverage, a trader has access to many trading tools to make money. There are two types of trading accounts you can find on the website. Each of them operates with a different trading platform and uses different spreads and assets.

• worldtradex has 52 forex pairs for CFD trading including forex majors like USD/JPY, AUD/USD, and EUR/USD as well as minor and exotic pairs.
• Of all the platform options, this is the most user-friendly and intuitive to use.
• It is sophisticated software loaded with various functionalities, such as high-end technical analysis, graphical representations of data, and the ability to trade on the go.
• 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.
• worldtradex has been in the forex trading game for well over a decade and has built up a solid reputation for reliability.

What Demo Account Does worldtradex Offer?

worldtradexFX is a global forex and CFD broker that has been providing online trading services since 2011. Headquartered in Saint Lucia, the company has grown to serve over 12 million client accounts from more than 180 countries. worldtradexFX is regulated by several decent financial authorities and has a good record in that regard. Managing risk is of course a vital element for any forex trader and broker combination.

The web version lets you trade right from your browser, no downloads needed. Take your analysis to the next level with 38 built-in Worldtradex cheating indicators and 44 drawing tools. Whether you’re into trendlines or complex strategies, MT5 has your back. MT4 comes packed with over 30 built-in indicators, 23 handy analytical tools, and interactive charts across multiple timeframes to help you understand market trends better. Place different types of orders like market, pending, stop, and trailing stop.

Supported Countries

Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution. Even though the spreads can also be very low on MT4, and MT5 accounts, as low as 0.2 pips. All of the same withdrawal methods are also available as your deposit method. That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill. These typically take 1 day to process or less, though a wire transfer may take longer. worldtradexFX doesn’t charge traders any commission for holding an order overnight.

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The broker’s range of forex trading products is limited to MT4, MT5, and worldtradexTrader but still provides a service to every trading style thanks to the MetaTrader options. I was surprised most by the worldtradexTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis. 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.