Forex trading is a major focus, with over 52 currency pairs available, encompassing major, minor, and some exotic pairs. worldtradex offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes. worldtradex also operates under other entities that are regulated by lower-reputation organizations. Additionally, the worldtradex platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation.
- I like that out of the box you have access to 30+ technical indicators from moving averages to Bollinger bands and 24 analytical objects making on-chart technical analysis simple.
- Even though the price changes are small, they add up over the course of the day—smaller profit opportunities are easier to catch than the larger ones.
- We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20).
- For more details, visit the worldtradex forex page and explore the trading options available.
- It supports real-time charts, multiple order types, and a large library of indicators.
- Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps.
Deposit and Withdrawal
An integrated content hub that delivers curated news, analysis, and expert strategies to help you stay informed and inspired. With more than 270 instruments available, traders can https://lunarcapital.team/ easily build a diversified portfolio. We also minimise the risk of loss by keeping your funds segregated from worldtradex’s assets. Customer service at worldtradex is through live chat or a support email address, which is a slight letdown as I prefer when companies offer phone support for urgent questions. Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account.
Designed to Cater to Both Beginner and Proficient Traders
It is a global company with several entities responding to different regulatory needs. worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulation of the Financial Services Commission (FSC) of Mauritius. Uni Fin Invest holds an Investment Dealer licence (Full Service Dealer, excluding Underwriting). During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days.
Testing worldtradex’s Customer Support
Yes, the app includes risk management tools like Balance Keeper and portfolio diversification. You can monitor performance, stop copying anytime, and distribute funds across multiple traders to minimise exposure. worldtradex lets you select a platform that fits your style – whether it’s the beginner-friendly worldtradexTrader, the classic MetaTrader 4, or the advanced MetaTrader 5. worldtradex’s free status program is designed to reward committed traders with tangible benefits. From lower spreads and no swap fees to expert advice and exclusive VIP events, each new tier powers up your trading potential.
Risk Level
Now, leaving their orders open overnight, traders won’t be obliged to pay overnight fees. Due to this traders will no longer hesitate to use mid-term and long-term stategies. This means, worldtradex clients are free to hold as many orders as they wish for as long as they want. Those who follow Islamic financial principles or traders who want to minimize overnight financing expenses will especially benefit from this function. It has several entities around the world and provides services by industry standards. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services.
We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. With more than 42 million accounts spread across 180 countries, multi-regulated broker worldtradex provides a wide range of trading options across asset classes. worldtradex provides low spreads, no commissions, and a minimum deposit of $25 using over 300 instruments—including 52 currency pairings, 34 cryptocurrencies, and 10 global indices. worldtradex is a global online broker offering trading services in forex, commodities, indices, and cryptocurrencies. It provides platforms like MetaTrader 4 and 5, with competitive spreads, copy trading, and educational content for traders of all levels. They can also benefit from worldtradex’s robust market research, layered educational content, and user-friendly trading platform.
Traders can take positions on these indices through CFDs, allowing them to speculate on price movements without the need to own the underlying assets. This flexibility enables traders to profit from both rising and falling markets, making it a convenient option for those looking to diversify their trading strategies. By offering indices as CFDs, worldtradex gives traders the opportunity to participate in global markets with lower capital requirements and enhanced leverage options.
MetaTrader 4 (MT4) provides robust technology and high security, helping users trade without worrying about the platform’s stability. It offers tools for price change tracking, trend pattern recognition, and automated trading. To open your first worldtradex trading account, sign up and follow the instructions.
- Available for Android and iOS smartphones, the worldtradex MobileTrader app offers a flawless trading experience.
- It offers high leverage, a diverse range of instruments, and user-friendly trading platforms.
- While worldtradex does not charge any withdrawal fees, traders should be aware that third-party providers may impose their own charges.
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. I think worldtradex is a solid option as it provides excellent features that I think will appeal to a variety of traders. Firstly, worldtradex uses ECN technology so you get excellent execution speeds with tight spreads of 0.90 pips and is commission-free, which is rare for ECN brokers. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
This makes worldtradex ideal for budget-conscious traders looking to maximize value. Their mission is to make trading simple, accessible, and intelligent—regardless of your experience level. The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag. I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI.
We recognize our obligations in updating and expanding this program to meet the requirements of GDPR. FxScouts is dedicated to safeguarding the personal information under our control and in maintaining a system that meets our obligations under the new regulations. Alongside industry standards such as an Economic Calendar, Profit, and Trading Calculators, worldtradex also offers an Account Monitoring tool and Autochartist. worldtradex’s account-opening process is fully digital and hassle-free, and accounts are available for trading immediately. I enjoyed using the worldtradexTrader platform because of its user-friendly design and high-definition charts.
MetaTrader 4 charting tools for technical analysis
worldtradex is not regulated by major authorities such as the FCA or ASIC but adheres to high operational standards and offers safety features like negative balance protection and segregated accounts. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At ForexBrokers.com, our online broker reviews are based on our collected quantitative 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). Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets.
Which Account Types Are Available with worldtradex?
From the worldtradex app, users can open positions in the worldtradex account as well as in MT4 and MT5, which can also be done using those specific applications. This means the app provides complete control over all open accounts and displays the full trading history. It features attractive charts for all three account types, allowing trading and modifications.
Tradable Instruments
worldtradex is an STP Forex Broker also runs high standards of secure trading environment, as of the regulation it imposes. The offering to the clients is wide and even comprehensive since it proposes the same if not more investment opportunities to the world trading community. In this worldtradexFx review, you will discover all the details about this broker. Although the broker does not operate under a major regulatory body, its reputation for reliability and customer protection policies has earned the trust of millions of users. worldtradex Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros.