worldtradex Review : Read Before You Trade

Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. Despite offering crypto Worldtradex review trading 24/7, worldtradex does not offer 24/7 customer support. If you are planning to trade crypto on the weekend and encounter any issues, you may only contact support on the coming Monday. If this is a concern for you, there are brokers like worldtradex who do offer 24/7 client support and crypto trading. The broker also provides you with copy trading via Multi-Account Management (MAM).

worldtradex offers a variety of convenient deposit options, ensuring that traders can fund their accounts quickly and efficiently. For cryptocurrency users, worldtradex provides an added benefit with up to a 10% discount on each deposit made via crypto. Deposits using BTC or ETH are processed instantly, meaning as soon as the transaction is uploaded on the blockchain, the trader’s account is credited without waiting for confirmation. Additionally, worldtradex does not charge any deposit fees, enhancing its appeal to cost-conscious traders.

Islamic Account

The customer service people answered me quickly and professionally, even though I was a little “difficult” at times… It’s a small thing, but it adds up to form the overall experience with a company. Your review can make a difference to other traders, please leave a comment if you have any personal experience with worldtradex.

Consider Trading with worldtradex If:

I’m confident with this broker because for the time I trade with it nothing bad happened to me and particularly my depo. Of course, I mean non-trading reasons such as fraud or careless attitude to me or something like this. worldtradex’s commitment to multilingual support enhances accessibility for clients from various regions, although it’s important to note that support is unavailable on weekends. worldtradex runs on the most commonly used MetaTrader 4 (MT4) platform, which is well-known for dependability and sophisticated trading tools. Also, an additional International entity worldtradex serves is located in St. Vincent & the Grenadines and newly established Nevis and Mwali branch in Comoros.

Being an offshore zones, they do not define strict obligations to its financial registered firms, which may be a risky investment in case the firm is only based there. However, since worldtradex is additionally authorized by the European regulator it is considered to be safe to trade with them. worldtradex Broker is based on the ECN/ STP trading solution while all orders are routed and matched in the electronically configured network through the liquidity pools of institutional providers and market quotes. worldtradex has a highly informative educational section that covers the ABCs of trading. This includes multiple articles, guides, and e-books on topics related to fundamental analysis and trading psychology.

• The platform showed seamless trade execution across several asset classes, including FX, CFDs, and cryptocurrencies, during testing.
• Key results from testing the worldtradex PC platform expose flawless execution of transactions, real-time market data, and many analytical tools necessary for efficient trading methods.
• If you’re just a typical retail trader, doesn’t matter which trading style your prefer, you can reveal your potential cuz trading conditions are favorable and flexible.
• It makes it quick and easy to keep track of your trades and the latest market news from anywhere at any time.
• worldtradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.
• worldtradex ensures that all email communications are handled promptly and professionally, maintaining high standards of service quality.

Here is a screenshot of the worldtradex quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Ryan Peterson is a seasoned personal finance writer with a Bachelor’s Degree in Business from Indiana University. Working with worldtradex has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter.

• However, due to European regulations, this bonus is not available for clients from the EEA.
• I lost hope until recently i came across a review of someone who got their money back from another company.
• According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit.
• No, worldtradex is a legit broker with regulatory oversight from the VFSC and the CySEC.
• worldtradex is generally considered a reliable and trustworthy broker, especially for experienced traders.
• But it’s the analyst reviews and articles that have become my real love.

What are the minimum deposit requirements for different account types?

It makes it quick and easy to keep track of your trades and the latest market news from anywhere at any time. However, the broker does not offer any other platforms such as MetaTrader 5 (MT5), cTrader, or an in-house proprietary platform. After MT4, I would prefer MT5 as the second choice because of its additional features including more timeframes and built-in tools.

worldtradex ECN XL Account

The FAQ section answers many of the most common questions, and worldtradex is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. worldtradex shows clients how to obtain the most up-to-date rates, a step many brokers omit.

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It does not offer any real stocks, and its clients cannot really practice value investing with its extremely limited instruments offering. worldtradex applies a spread-based fee for forex trades, with no additional forex-specific charges. Instead of a fixed spread, the ECN / STP worldtradex transaction model has very narrow ranges with a variable value. Where every review is more than just words – it’s a trader’s compass.

Traders can explore shares from various sectors such as technology, healthcare, finance, energy, and consumer goods, allowing for diversified investment strategies. Additionally, worldtradex provides real-time market data, advanced charting tools, and comprehensive research reports to assist traders in making informed decisions. Indices trading is another key offering at worldtradex, allowing traders to gain exposure to the performance of entire stock markets through major global indices. worldtradex provides access to a variety of indices, including well-known benchmarks such as the S&P 500, Dow Jones Industrial Average (DJIA), NASDAQ Composite, FTSE 100, DAX 30, and Nikkei 225. worldtradex offers competitive spreads and leverage options on indices, facilitating both speculative trading and hedging strategies.

It’s always recommended to consult their website for the latest fee schedule. Security is a paramount concern for traders, and worldtradex addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. worldtradex maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies.

worldtradex’s desktop trading platform is MT4 and MT5, available for Windows and Mac. This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders. worldtradex offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value.

His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. worldtradex does not have a minimum deposit requriement, charges very low trading fees, and also offers extensive educational and research materials. However, casual traders can only trade on MetaTrader, which has a rather rugged design. worldtradex offers reliable customer support to assist traders with any questions or issues they may encounter.

Below, we will explore these fees in more detail, helping traders understand how they might impact overall profitability. worldtradex offers a variety of withdrawal options similar to its deposit methods, including credit/debit cards, e-wallets, Skrill, Neteller, PayPal, and cryptocurrencies. Additionally, bank transfers are available for withdrawals, providing more flexibility for traders. Withdrawal fees may vary depending on the method and region, but worldtradex ensures that they remain minimal.

Traders with live accounts can request that worldtradex set the demo account to non-expiry. worldtradex provides three different account types, namely the ECN XL Account, a Demo Account, and an Islamic, Swap-Free Trading Account. worldtradex does not require a minimum deposit amount in order to open a live trading account, with the recommended amount set at $500 USD.

Phone support is particularly useful for traders who prefer verbal communication and need swift responses to time-sensitive matters. worldtradex offers traders a transparent fee structure with no trading commissions under its ECN XL account, relying solely on competitive spreads. The broker focuses on keeping costs low, making it a popular choice among cost-conscious traders. As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders. worldtradex utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users. Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks.

The protection of the client’s investments is provided in multiple ways according to the regulatory requirements and setter rules, yet always depends on the particular jurisdiction. Traders from these regions are prohibited from opening accounts or accessing worldtradex’s services. For a complete and updated list of restricted countries, traders are encouraged to check the worldtradex website. worldtradex rewards traders who refer friends and colleagues to the platform through its Referral Program. For each successful referral that opens an account and meets the trading criteria, both the referrer and the new trader receive a bonus. This program creates a mutually beneficial arrangement, encouraging traders to share their positive experiences and expand the worldtradex community.

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