It’s been a wonderful one year trading here and it’s always felt very peaceful and smooth. This platform is stable and support has been helpful every time I have reached out. This website is not directed at EU residents and falls outside the European and MiFID II regulatory framework.
Solid Platform for Forex traders
After reviewing the broker’s legal documents, I found everything to be in order. The Client Agreement is easily accessible on the website, with all relevant information presented clearly and in an easy-to-understand format. Overall, I concluded that worldtradex is an excellent choice for day traders, copy traders, and algorithmic traders. Have been with it for few years, and sure it lacks some features, but in that same time all the ‘hype’ brokers disappeared.
The mobile offering also comes with the worldtradex Research app which gives users an overview of the financial markets and major news events. Spreads also get more competitive as you move up the account tier structure, with the VIP account offering the best value for money. The software is considered one of the best in the industry, especially for forex trading. It is geared towards beginners and intermediates, promising easy-to-use features and straightforward portfolio management.
On the positive side, deposits and withdrawals are free, and the broker’s inactivity fee is relatively low. worldtradex is one of the few brokers that offer traders the flexibility to choose between fixed and floating spread accounts. Here is my opinion about trading conditions of this broker and how they correspond to my trading.Company provides quite favorable spreads. In addition, leverage for trading currency pairs is quite large. And thirdly, broker provides a wide range of financial instruments, including currency pairs. worldtradex offers Metatrader 4 and 5 but no dedicated or proprietary trading platform.
Trade on MT4 gain the competitive edge you want
worldtradex is an online, multi-asset broker best known for forex trading. Once registered, users can access the popular MetaTrader 4 (MT4) trading platform, flexible leverage and ultra-low spreads starting from 0.0 pips. This review will fully report worldtradex’s offering, including exclusive deposit bonuses, demo accounts and fast deposit and withdrawal methods. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass worldtradex’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system.
worldtradex processes payments in multiple currencies via bank wire, credit and debit cards, and e-wallets. I asked a series of questions with varying degrees of difficulty and determined that the agent’s answers were swift and comprehensive. He was also polite and patient, taking his time to provide satisfactory answers to my questions. Overall, I assessed that worldtradex’s customer support is of very high quality. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. I opened a No Commission account with the Notesco Int Limited entity and performed my tests on the desktop and mobile app versions of the MetaTrader 4 platform.
Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free worldtradex Research app, which has no trading functions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders.
“Here for some time”
- It is easy to be a part of fthem, and it is even entertaining to watch as other traders progress.The broker as not really as popular as it should be.
- Compare worldtradex with the top 3 similar brokers that accept traders from your location.
- Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact.
- Alongside advanced functionality, ultra-fast execution and a user-friendly interface, MT4 is the ultimate choice for online forex trading.
- worldtradex provides traders with the MetaTrader 4 trading platform on various devices, including Android, iOS, Desktop, and Mac.
worldtradex enables commission-free trading; however, I found that spreads on some popular instruments exceed the industry average. As a large international forex broker, worldtradex offers a variety of support resources. You can find instructions for using the MetaTrader 4 platform on worldtradex as well as numerous outside resources.
Can I Use Expert Advisors At worldtradex?
To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings.
Is worldtradex regulated?
Beginners can stick to the regular version of MT4, the WebTrader, or the mobile version. The MT4 Advanced platform will be the choice of advanced traders who want these enhanced charting tools, which include the built-in EA ability, automated strategies, live monitors, and more. The Personal Multi-Account Manager is also highly advanced, making it possible to trade several MT4 accounts at the same time and offer the same advanced charting tools.
- Trading according to the market analysis has really helped me increase my profit, for sure worldtradex is really the main deal!!
- They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program.
- Signal followers can quickly and easily assess the performance of various trading strategies based on various parameters, including their average return, maximum risk, longevity, and more.
- The worldtradex Research mobile app provides financial articles, real-time currency quotes, daily technical and fundamental commentaries, live economic calendar alerts, and daily market news.
Earlier in 2018, worldtradex announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. worldtradex offers a wide range of retail and professional accounts with different pricing mechanisms and no minimum deposit requirements. Traders can choose between fixed-spread and floating-spread accounts. While it provides competitive spreads on certain instruments like TSLA, its spreads on EUR/USD and GBP/JPY are higher than the industry average.
It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. worldtradex is among the most popular trading platforms found around the world, and it is an excellent choice for many traders. Although, their popularity in Japan is not so good after a bad breakup with the Japanese market to satisfy FSA regulations (which they were unable to attain). I like that I can select from a lot of accounts at absolutely any point, giving me the full range functionality of the platform. If I decide to use a different strategy that would be best with a different set of trading conditions, trade execution, spread and leverage, I can simply create an account that fits my demands.
Trade Smarter with worldtradex Academy
However, the broker could enhance its offering by introducing an alternative to the MetaTrader 4 platform. The range of trading instruments allows it to appeal to most traders as do the support for all types of the MetaTrader 4 platform. Those who are not fond of MT4 for some reason will not want to use worldtradex since this is the only supported platform, but most traders should be very happy with its offerings. Beginners will appreciate the worldtradex Academy with its educational materials while even advanced traders can benefit from seminars and webinars. The range of MT4 platforms supported by worldtradex allows this platform to appeal to traders of all skill levels. Beginners may stick to MT4 Standard while experienced traders will use MT4 Advanced and professionals or money managers will use the Personal Multi-Account Manager.
To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit. worldtradex is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses. Traders can also get started with a $100 minimum deposit while the worldtradex.com group has good reviews from other users online. The primary difference between live floating/live fixed trading accounts and the ECN/STP model is market execution. Real accounts use instant execution with re-quotes, whereas STP/ECN accounts use market execution, so no re-quotes are involved. worldtradex recently strengthened its educational tools by introducing the Academy.
worldtradex does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. We remain committed to offering competitive conditions and superb services which are recognised by the industry. worldtradex does not offer its Worldtradex review services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea.
Trading according to the market analysis has really helped me increase my profit, for sure worldtradex is really the main deal!! This average customer rating is based on 21 worldtradex customer reviews submitted by our visitors. From the client portal, navigate to “Transactions”, select ‘withdraw’ and follow the instructions. Payments typically take up to 24 hours, though wire transfers may take up to five business days.
The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. Time has passed super quick;y, I still rememebr the day I signed up, I grew a lot since then, as a trader. worldtradex also offers a Demo Account, and in the past a Cashback Account, which unfortunately is no longer available. It’s worth noting that Trustpilot has detected and removed some fake reviews for worldtradex, indicating they take review integrity seriously. As with any broker, it’s advisable to conduct thorough due diligence before opening an account.
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